Following a referendum in which the Greek people largely rejected a debt deal with the EU and IMF requiring further austerity measures, Greek Prime Minister Alexis Tsipras has been cornered into selling the Greek Parliament an agreement even stricter than the one the referendum rejected. In doing so, he faces the herculean challenge of proving his new demand is not a complete about-face for him or his leftist party.
A leaked IMF study of the Greek debt crisis, ignored by creditors at the weekend, warns Greece may need a 30 year moratorium to pay off European debt, including new loans, and a dramatic extension on the maturity of its debts. The
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
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 Finance Minister, Yanis Varoufakis, earlier told Bloomberg TV “I prefer to cut my arm off” than sign up to a proposal that didn’t include restructuring his country’s debt. As luck would have it the International Monetary Fund (IMF) looks like it sympathises
Contents: France reverses policy, will sell advanced defense weapons to Georgia; Greece joins Zimbabwe and Cuba in missing an IMF payment; Congress may enable bankruptcy courts for Puerto Rico; What were you doing last night at 23:59:60?
It has been a difficult week for Greece, whose as-of-yet insurmountable debt to the European Union and International Monetary Fund continues unpaid and with little hope of preventing a default.
LONDON, United Kingdom, 7.30pm – The stakes are high as at time of writing a last minute deal between Athens and its creditors still appears impossible to reach. In the absence of a deal before midnight Washington time, the country will default on the €1.6
The Greek prime minister’s surprise call for a July 5 referendum for voters to decide whether or not to accept the terms of a bailout deal offered by international creditors prompted the eurozone to reject Greece’s pleas to extend the expiring bailout, various news outlets report.
This morning’s key headlines from GenerationalDynamics.com Furious Eurogroup members plan Greece’s default after Tsipras ends bailout negotiations Greece’s chaos may begin as early as Monday Tunisia will close 80 mosques that are ‘spreading venom’ Furious Eurogroup members plan Greece’s default
The Eurozone rejected Greece’s request for one-month bailout extension only a day after the bankrupt country turned down an extension offer from their creditors. “It looks like we are heading for Grexit,” exclaimed one person who participated in the meetings.
Greeks will be given the chance to vote on whether or not their country should continue to heed strict financial demands made by foreign banks and unelected bureaucrats in Brussels. The question to be put before voters is whether or
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.
Contents: China’s bubble stock market plunges 13% in one week; Wall Street stock market bubble continues its surge; Tick-tock tick-tock, Greece’s clock is running down
The economic crisis in Greece is playing out with political and economic ramifications that are causing, and will continue to cause, damage across Europe.
Contents: Fistfight breaks out at Yemen peace talks in Geneva; Report: Iran’s Supreme Leader has fired Qassam Soleimani in Syria; Emergency Eurogroup summit called for Monday to deal with likely Greece default
Contents: China says it’s finished building artificial islands in South China Sea; China tests hypersonic missile designed to defeat American missile defenses; Greece’s bitter PM Tsipras hurls ultimatums and insults at IMF
The long standoff between intransigent Greek socialists and their increasingly exasperated creditors appears to be reaching an end, judging by the commentary after an International Monetary Fund meeting this week. It sounds as if the Greeks are running out of cards to play.
Contents: Zimbabwe offers 5 US dollars for 175 quadrillion Zim dollars; IMF and ECB walk out of negotiations with Greece; The Greek Tragedy must move to the happy ending
LILLE, France (AP) — Former International Monetary Fund chief Dominique Strauss-Kahn has been cleared of pimping charges in a French trial that hinged on sex parties that took place in the midst of the global financial crisis. Friday’s verdict closes
Contents: With Syria’s army nearing collapse, Iran plans massive troop deployment; Iran and Syria may invoke 2006 mutual defense agreement; Greece and Europeans fail once again to reach an agreement
Contents: Greece’s game of Chicken no closer to resolution; Greece’s Alexis Tsipras faces a government mutiny from the far left
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
If I play my Led Zeppelin Houses of the Holy too loud and the government hasn’t charged me for the $1000 worth of lost sleep my neighbours claim it has cost them, does that mean the government has given me
Fossil fuel companies are benefiting from a global subsidy of £3.4 trillion a year, the International Monetary Fund has declared. The figure dwarfs that of government handouts for renewable energies, which amount to £77 billion a year. But closer inspection reveals
Iran forces Afghans to fight in Syrian regime’s collapsing army; Debate over the number of European jihadists in Syria; Greece makes debt payment as even leftists lose sympathy
Greece makes one debt payment, wonders if it can make the next; Europeans reject more bailout money for Greece, for now; Jean-Claude Jüncker warns of Anglo-Saxon threat to eurozone
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.
Syria’s Yarmouk refugee camp descends into the ‘deepest circle of Hell’; Palestinians flip-flop on Syrian action in Yarmouk refugee camp; Europe demands list of reforms from Greece after numerous delays; Iran’s demands on sanctions threaten to unravel nuclear deal
In a veiled threat to the EU and its financial institutions, Greece has warned that any foreign meddling in its domestic affairs makes the likelihood of ISIS infiltration into Europe more likely. Speaking to the Times, defence minister Panos Kammenos warned
Pakistan parliament debates sending troops to Yemen to support Saudi Arabia; Greece confirms that it will pay the IMF on Thursday and avoid bankruptcy
The long-gestating Greek financial meltdown looks to be getting underway, as the socialist government makes a few final efforts to scare Europe into giving them more money and lays plans to nationalize the banks as they begin dropping out of the Eurozone.
An ex-prostitute told a court in Lille, France, 138 miles north of Paris, the former head of the International Monetary Fund (IMF) Dominique Strauss-Kahn forced her to have brutal anal sex at an orgy even though she specifically told him she did not want to.
Over the weekend, former U.S. Federal Reserve chairman Alan Greenspan predicted that Greece will end up leaving the eurozone and that the euro will not long survive its departure.
Hezbollah backs down from war with Israel; Clashes between Nusra front and Free Syrian Army spreading in Syria; Jundallah takes credit for massive mosque attack in Pakistan; Egypt’s military begins ‘wide military offensives’ in North Sinai; Greece clashes with eurogroup ‘No more bailout, no more troika!’; In Denmark you are now paid to take out a mortgage
Girlfriend Peristera (Betty) Baziana good fit for Greece’s Alexis Tsipras; Alexis Tsipras’ far-left Syriza party wins historic election in Greece; Neo-Nazi Golden Dawn party is third in Greece’s elections; Is Greece’s Alexis Tsipras pragmatic or delusional?
It’s far from certain, but the impending Greek crisis rerun during the next month poses a real threat that Greece might have to leave the eurozone and start printing drachmas again, with the result that bankers and politicians are drawing up contingency plans in case it happens.
