The seemingly final deadline for serious Greek proposals in the debt showdown was Friday morning, and some paperwork was indeed delivered on schedule, inducing some optimism that a Greek exit from the Euro would be averted. Depending on who you ask, the deal is either a stunning triumph or disastrous capitulation for either Greece or its creditors.
All sorts of deadlines have come and gone during the Greek debt crisis—as the basket-case nation’s European creditors repeatedly blinked and decided to grant one extension after another—unwilling to precipitate the pan-European (and possibly global) financial earthquake of a “Grexit” from the Euro.
Antonis Samaras, the head of Greece’s conservative New Democracy party, has resigned from leadership following the nation’s resounding rejection of Eurozone debt repayment terms in a referendum on Sunday. Samaras will be remembered most for being the only prime minister in the last decade to accept austerity measures and attempt to curb Greece’s spending during the current crisis.
Contents: Europe enters a dangerous period after Greece’s Tsipras wins overwhelming victory; China takes emergency measures to stem stock market panic; China’s ‘Market Stabilization Fund’ mimics America’s ‘Organized Support’ in 1929; In lavish ceremony, the new King of Tonga is crowned — by an Australian
As the ruling Coalition of the Radical Left (Syriza) vocally demands the Greek people vote “no” on a referendum regarding European Union debt repayment terms on Sunday, an unlikely voice has emerged representing the opposition “yes” vote, interpreted as a vote in favor of keeping the Euro as currency and remaining in the Euro: electro-pop megastar Sakis Rouvas.
Contents: Greece heads for further chaos with referendum on Sunday; IMF report on Greece raising concerns about IMF’s credibility; China hunts for ‘stock manipulators’ as market crashes
Greek Prime Minister Alexis Tsipras has forced all banks in the country to shut down and limit the amount of money Greeks can withdraw from ATMs. This is in anticipation of a July 5 referendum on whether Greece should accept economic reforms in exchange for a shot at not defaulting on its $271 billion debt to the European Union and the IMF.
UPDATE: European Central Bank confirms it will maintain emergency liquidity assistance to Greek banks. – The most dramatic day yet in Greece’s months long economic crisis saw a run on banks and the confirmation of next Sunday’s referendum on a bailout deal.
Greece is currently considering a measure that would grant citizenship to second-generation immigrants, defined as children born in Greece to parents who have lived there legally for at least five years, with an added requirement that applicants must be properly enrolled in a primary school.
Contents: Greece’s game of Chicken no closer to resolution; Greece’s Alexis Tsipras faces a government mutiny from the far left
After late-night talks in Berlin with global leaders, Greek Prime Minister Alexis Tsipras says that Greece has reached a “realistic” solution to the debt crisis ahead of Friday’s impending deadline.
Contents: Report: Russia may end support for Syria’s Bashar al-Assad; Russia searches for a plan for a post-Assad Syria; Greece faces new financial crisis with no solution in sight
Greek Prime Minister Alexis Tsipras hopes to get the final details of a bailout deal with the European Union worked out by Sunday, but he has faced increased criticism from the hard left in Greece for negotiating at all.
Days after being pulled back from leading the Greek diplomatic team in talks with the European Union regarding the nation’s astronomical debt, Greek Finance Minister Yanis Varoufakis and his wife, Danae Stratou, were the victims of an anarchist mob attack while dining out.
Iran seizes cargo vessel in the Strait of Hormuz; Greece’s PM Tsipras desperately seeks financial crisis solution
Vladimir Putin brags about how he lied about Russia’s invasion of Crimea; Europe to Greece: Stop wasting time and get serious about reforms
A group of 50 anarchist political activists took over the official headquarters of ruling Greek party Syriza in Athens on Sunday, demanding the leftist group enact prison reform and free a terrorist caught after injuring himself with his own bomb.
Former French President Valery Giscard d’Estaing has said that Greece should leave the euro so it can devalue its currency and increase its economic competitiveness. Giscard, who notably presided over the Convention on the Future of the European Union that
In a strange chronological coincidence, an icon of the crucified Christ on display in the church of St. Nicholas in Asprokambos began “weeping” as of January 25, the day of the general election of Greece’s new prime minister, Alexis Tsipras.
Venezuelan President Nicolás Maduro, whose socialist administration has been a staunch supporter of the radical leftist anti-austerity parties rising to prominence in Greece and Spain, claimed on a national broadcast last week that Greek PM ‘Comrade Alexis’ Tsipras has agreed to visit Venezuela and several other socialist Latin American nations.
30 dead in Cairo Egypt as soccer fans clash with police; Greece’s Alexis Tsipras approaches Wednesday confrontation with Europe
Spain’s new radical leftist party, Podemos (Spanish for “We Can”), is embroiled in a new corruption scandal, this time accused in a complaint by the attorney coalition Clean Hands (“Manos Limpias”) funding itself with “undeclared” Venezuelan money acquired during “diplomatic” trips to the socialist nation.
Terrorists attack school, part of growing violence in Karachi Pakistan; Jordan’s King vows ‘relentless’ war on ISIS ‘on their own ground’; The European Central Bank turns the screws on Greece’s banks
Diosdado Cabello, the president of Venezuela’s National Assembly and second-in-command to President Nicolás Maduro, proclaimed the victory of the Coalition of the Radical Left (Syriza) in Greece and the popularity of the leftist Podemos party in Spain to be victories for “Chavismo,” making appearances “all around the world.”
Spanish Budget Minister Cristobal Montoro has categorically rejected any attempts to “change the rules” regarding austerity measures imposed on Greece by European Union regulations. “Europe is a club of democracies, and entering is voluntary,” he stated, implying that, should Greece’s new government refuse to impose austerity measures, they can leave the EU.
