To the victor belong the spoils
Under the terms of the new bailout accord, which provides 86 billion euros of new debt to a government already vastly overindebted, the country must […]
COMMENT
Greek deposits become eligible for bail-in on 1 January 2016
(Zero Hedge) — Earlier this week, tucked away from the public’s eyes, there was another round of drama involving Greek securities this time focused on […]
Varoufakis: bailout deal allows Greek oligarchs to maintain grip
(The Guardian) — Former finance minister Yanis Varoufakis has accused European leaders of allowing oligarchs to maintain their stranglehold on Greek society while punishing ordinary […]
This latest Greek deal is nothing to celebrate
Bloomberg View — At the end of last week, amid much smiling and hand-shaking, European finance ministers said they were ready to give Greece a […]
The Guardian view on the Greek bailout: a deal that addresses nothing
The technocrats sat up all night haggling at the Athens Hilton, crossing their t’s and dotting their decimal points. The Greek party emerged in the […]
Berlin urges Greece Greece to put ‘quality before speed’ in bailout negotiations
The Guardian — Germany has urged Greece and its creditors to put quality before speed as negotiators in Athens strive to finalise a bailout worth […]
Migrant crisis in Greece: Dutch couple holidaying in Lesbos cancel flight home to stay and help refugees
The Independent — The vacation had been everything that Angelique and Onno Bos dreamed it would be. With their four children, the Dutch couple had […]
Total reboot: How to fix Greece’s economy
(AP) — After so much pain, Greece must now figure out how to get its economy back on its feet. The scale of the country’s […]
When the Greek stock market closed in the past – War, invasion, coups
(Reuters) When Greece shut its stock market in late June it was far from a unique occurrence. Financial issues have plagued Greece, but the history […]
Greece planned German corruption probes – but was it just part of plan B?
Deutsche Welle reported on Saurday that the Greek government produced a contingency plan that would “raise the cost of rupture” for Greece’s creditors – the […]
How olive oil explains Greece’s problems
Washington Post — The hills of Kalamata, on the southern coast of Greece’s Peloponnese peninsula, produce some of the best olives in the world. When […]
The Defeat of Europe –Varoufakis article in Le Monde reveals the truth about the negotiations
In 2010 the Greek state lost the capacity to service its debt. Put simply, it became insolvent and, thus, lost access to capital markets. To […]
Deutsche Welle: Out of prejudice or fear, Germans steer clear of Greece
Greece’s tourism sector is working to correct the damage done to the country’s image during coverage of debt negotiations. At the same time, Germans – […]
Europe’s New Colonialism: ECB rejects Greek request to reopen stock market
Zero Hedge — It has been one month since Greek capital controls were imposed and Greece is nowhere closer to having its deposit limits lifted. […]
Negotiations with lenders to start on Monday to discuss details of new programme.
Pierre Moscovici, the European Commissioner in charge of economic issues, has said Brussels is shooting for a new agreement by “the second fortnight of August”. […]