German President Joachim Gauck has stirred his government by remarking in an interview that Germany should at least “consider” demands by leftist Prime Minister Alexis Tsipras that the nation pay billions of euros in reparations for the Nazi occupation of Greece.
In what was received as a pleasant surprise by the European Union, Greece made its first 460 million euro payment to the IMF this week. The Mediterranean country continues to struggle with generating enough revenue to pay off their multi-billion-dollar debt, and one major international player looking to capitalize on their need for business is China.
Eurozone countries are drawing up secret documents to force Greece out of the single currency, a memo from the Finnish finance ministry has revealed. The monetary alliance is preparing to act should Greece be declared bankrupt next month. That will happen
The Greek Government were left under no illusions about their fragile position in the Eurozone after the summit in Brussels yesterday. Leaders from Germany and France warned the left wing Syriza party that unless Athens progressed with radical reforms, it
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
