greek banking crisis

Poll Lead For Greece’s Syriza Narrows As Tsipras Presses For New Mandate

From Reuters: Former Greek premier Alexis Tsipras urged supporters on Saturday to give him a mandate to complete the country’s political transformation, as a poll showed his leftist Syriza party’s lead slipping ahead of elections next month. Tsipras abruptly resigned

Greek bailout

Germany Profited €100 Billion From Greek Debt Crisis

Between 2010 and 2015 Germany profited from the ongoing Greek debt crisis to the sum of €100 billion, according to a new study. The billions consists of money saved by lower interest payments on funds the German government borrowed amid investor “flights

Greek debt crisis

Greece Says Cannot Handle Migrants; UNHCR Calls Crisis ‘Shameful’

ATHENS/GENEVA, Aug 7 (Reuters) – Greece’s infrastructure cannot handle the thousands of people landing on its shores from places like war-torn Syria and Afghanistan and needs European Union help, Prime Minister Alexis Tsipras said on Friday. “Now is the time

Greece

Hay For Cheese? Barter Booms In Rural Greece After Bank Shutdown

LAMIA, Greece (Reuters) – Wild boar and power cuts were Greek cotton farmer Mimis Tsakanikas’ biggest worries until a bank shutdown last month left him stranded without cash to pay suppliers, and his customers without money to pay him. Squeezed on

bank shutdown

Greek PM Tsipras Says May Have To Call Early Election

ATHENS, July 29 (Reuters) – Greek Prime Minister Alexis Tsipras said on Wednesday he may have to call an early election to bolster a parliamentary majority that has been strained by bailout reforms demanded by creditors. About three dozen of his

GREECE-EU-POLITICS-DEBT

Reuters: Debt conundrum to keep Greek banks in months-long freeze

From Reuters: Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe. Rehabilitating the country’s banks poses a difficult question. Should the euro zone

GREECE-EU-POLITIC-DEBT