Varoufakis removed from the government negotiating team
(New York Times) Ever since the leftist-led Greek government came to power in late January, the avatar of the country’s austerity-weary public has been its […]
Articles by Newsroom
Parliamentary Debt Truth Committee Member Özlem Onaran: Should Greece Pay Back Its Debt?
There are well-established concepts in international law that question the legality, legitimacy and sustainability of a loan agreement. These legal concepts are the guiding references […]
Last week in the Greek press
Defendants’ lawyers resign in Proton trial The trial of former Proton Bank Chairman Lavrentis Lavrentiadis and another 42 people ran into problems Friday as the […]
EU doubles emergency aid to nations dealing with migrants
(AP) The European Union has doubled the emergency aid to frontline member states Italy, Greece and Malta which have to deal with the massive influx […]
Piraeus Bank writes off crisis-hit clients’ debts
(eKathimerini) Piraeus Bank has decided to write off debts of up to 20,000 euros stemming from consumer loans and credit cards for its clients who […]
Schaeuble hints that there is a “Plan B” for Greece
(Reuters) – German Finance Minister Wolfgang Schaeuble hinted on Saturday that Berlin was preparing for a possible Greek default, drawing a parallel with the secrecy […]
Which European regions have the highest long-term unemployment?
Long term unemployment is being unemployed for over a year. Seven out of ten regions in Europe with the highest long-term unemployment rates are Greek […]
Eurozone ministers hurl abuse at Varoufakis
(Bloomberg) Euro-area finance ministers hurled abuse at Greek Finance Minister Yanis Varoufakis behind closed doors as they shut down his bid to find a shortcut […]
Greece struggling under weight of migrant influx
(The Guardian) Figures released by Greek police show arrivals jumping from a total of 11,500 in 2013 to 12,500 for the first three months of […]
Russia Says Greece May Borrow Using Its Gas-Transit Guarantee
(Bloomberg) Russia’s guarantee to deliver gas for the European market through Greece in five years would help the debt-burdened Greek economy to get new loans, […]
Varoufakis: “The government has to face a new type of coup not with tanks, as in 1967, but through banks”
Greek Finance Minister Yanis Varoufakis called negotiations with “institutions” “debilitating” in a video message, at a meeting to show solidarity to the Greek government and […]
Government hauls in Leonidas Bobolas for unpaid taxes
(The Wall Street Journal) Greek prosecutors arrested the scion of one of Greece’s most powerful families on Wednesday, in line with the left-wing government’s vows […]
21 April 1967 – How to avoid a radical left government without the help of the markets and the ECB
48 years ago democracy was abolished in Greece because of American fears that a radical left government would win the general election. Before the elections […]
Greece demands cash from local government as default fears grow
(The Guardian) The Greek government has issued a decree forcing public sector bodies to transfer idle cash reserves to the central bank in a sign […]
Draghi: Greece crisis could push world economy into uncharted waters
(Associated Press)The ECB head Mario Draghi has said a failure to resolve the Greece crisis may take the situation into “uncharted waters.” International lenders are […]