FT: Greece has a rational reason to prefer Grexit
Wolfgang Münchau Financial Time correspondent writes: “First, contrast the two extreme scenarios: accept the creditors’ final offer or leave the eurozone. By accepting the offer, […]
Month: June 2015
18 June: important date for Greece and Europe
The 18 of June is an important date for Greece. And not only because Greece hopes to clinch a deal with its international lenders at […]
Tsipras: Debt relief precondition to compromise red lines
(Deutsche Welle) — In a bid to end of five-month standoff with the International Monetary Fund (IMF), the European Union (EU) Commission, and the European […]
In the cold light of the day Grexit seems a bad option
(Reuters, enikos.gr, +) –German Foreign Minister Frank-Walter Steinmeier said everything must be done to keep Greece in the eurozone. “Don’t underestimate what it would mean […]
Armed robbery in 5 star hotel in Hersonissos
Three hooded men armed with Kalashnikovs burst into the jewellery store of the 5 star Creta Maris hotel in Hersonissos on Friday night. After firing […]
A list of countries with protracted IMF arrears
(From the Guardian) Greece has delayed a debt repayment to the IMF of €300m. The instalment was due on Friday 5 June, but instead the […]
With major differences not so major, IMF departure from talks “wanted to pass messages to both sides”
(Source: Reuters) When the International Monetary Fund announced it had ordered its team home from stalled debt talks with Greece, the gesture of frustration was […]
Court orders Greece to reverse 2012 pension cuts
(enikos.gr) –The highest Greek court ruled on Wednesday that the government should reverse cuts to private sector pensions it made in 2012 as a condition […]
IMF walks out of Greece bailout talks
The Guardian –“You’ve got to ask yourself one question. Do I feel lucky? Well, do ya, punk?” The lines spoken by Clint Eastwood in Dirty […]
Greece considers taking Crete power cable link project into own hands
(ICIS) –The Greek government is looking into a new electricity interconnector linking the island of Crete and the mainland, ICIS the energy market information provider […]
Protesters occupy Greek finance ministry – “We have paid enough”
Greek Communist party labour union supporters occupied the finance ministry on Thursday (11 June) and prevented staff from entering over fears that the government will […]
EU urges refugee action as over 1,000 new migrants reach Greece
(AP) — The European Union urged its 28 nations Wednesday to swiftly endorse its plan to relocate 40,000 migrants as 1,000 more migrants arrived in […]
What’s holding up a deal on Greece’s bailout?
After four and a half months of back and forth, Greece and its creditors remain far from a deal on what reforms the country must […]
Greece bailout talks lead to rumours of German compromise
According to the reports, the chancellor Angela Merkel is prepared to accept a much-reduced reform programme, slimmed down to just one or two areas as […]
Varoufakis: Greece’s creditors have turned negotiations into a war
(euractive.com)– Greek Finance Minister Yanis Varoufakis has criticised Greece’s creditors for making “no concessions” and turning the negotiations “into a war”. In an interview with Germany’s Tagesspiegel […]