Tag: Euro crisis

Yanis Varoufakis

Yanis Varoufakis: Europe Must Reform Or Face Destruction

Speaking of an EU coup in Greece, Former Greek finance minister Yanis Varoufakis has warned Europe will no longer exist as a monetary union if it fails to reform. In a recent interview he also accused the architects of the new

US-BRITAIN-POLITICS

Nigel Farage Slams Revived French Plans For ‘Eurozone Government’

Nigel Farage has slammed socialist French President Francois Hollande’s “desperate” bid for the revival of old plans for a ‘eurozone government’ as part of a plan to renew faith in the European project. Calling for further integration between member states as a

AP Photo

German Lawmakers Back Greek Bailout Talks Despite Rebellion

BERLIN, July 17 (Reuters) – German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was

Alexis Tsipras, Angela Merkel

Greek Bailout: Germans Vote On Deal Nobody Believes In

Today the Greek bailout plan comes before the German parliament (the Bundestag), the latest approval hurdle for the third bailout package which nobody believes will work. Ratification of the €86 million rescue deal is expected, notwithstanding yesterday’s comments from Germany’s Federal Finance Minister Wolfgang

GREECE-EU-POLITICS-DEBT-RIOT

Greek Bailout Deal Nobody Believes Will Work Approved By Parliament

In the early hours of this morning Greece’s parliament passed the austerity measures demanded by its creditors in order to open talks on a new Greek bailout. Prime Minister Alexis Tsipras, deserted by many in his own Syriza party who believe the

Milos Bicanski/Getty Images

London Mayor: Greece Should Tell Germany to ‘Get Stuffed’

Mayor of London Boris Johnson has described the German proposals for a deal with Greece as “tyrannical”, and has advised the Greek people to “rediscover the spirit of Marathon” and exit the euro. Eurozone leaders argued long into the night

EU-GREECE-ECONOMY-POLITICS

Chaos Becomes The Only Certainty As Currency Markets React To Greece’s ‘No’ Vote

The value of the euro compared to major peer currencies is already dropping as the financial effects of the Greek ‘No’ vote in Sunday’s referendum filter into the global market. With analysts predicting banks facing funding crises and individuals unable to take their money from ATMs, volatility is set to reign for some time.

AP Photo

Study: Suicide Rates Spike as Greek Debt Crisis Deepens

Researchers at the University of Thessaly discovered that Greece experienced a 35% spike in suicide rates during 2010 and 2012, with unemployment and the expanding debt crisis in large part responsible for the rise.