Wall St. hopes for a ‘yes’ vote in Greek referendum
(enikos.gr) — Wall Street is hoping for a “yes” vote when the Greek people vote Sunday on whether to agree to onerous bailout terms from […]
ECONOMY
Varoufakis: 6 short reasons Greece should vote ‘No’ on Sunday
Greek prime minister Alexis Tsipras earlier today encouraged Greeks to vote “No.” Reuters also reported that public opinion is already skewing in that direction. And […]
Austerity not enough to save Greece – leaked IMF documents
(RT) — Even if Greece accepted all of the austerity measures demanded by its main creditors, the Troika, it still would not be able to […]
Schaeuble: Greece can stay in euro even with ‘no’ vote
(Bloomberg) — German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that Greece would stay in the euro for the time being if Greek voters […]
IMF on the hook for Greece
(Reuters) — By its own admission the IMF broke many of its rules in lending to Greece. It ended up endorsing austerity measures proposed by […]
French Prime Minister Manuel Valls: ECB should keep supporting Greek banks
The European Central Bank’s governing council is to hold an emergency conference call today, to decide whether to continue to give billions of euro to […]
Creditors draw up emergency measures in case of Greek default
From the Guardian) — Eurozone finance ministers and Greece’s creditors are to draw up emergency measures on Saturday to cope with a default by the […]
Bloomberg: Why it won’t be a default if Greece misses IMF payment
(Bloomberg, enikos.gr) — If Greece fails to pay the $1.7 billion it owes the International Monetary Fund on Tuesday, it might be worse for the […]
Weekend deadline for Greece after negotiations draw blank
The Guardian — Greece’s creditors have set the country a weekend deadline to avoid default and stay in the eurozone, after more than 24 hours […]
Europe is destroying Greece’s economy for no reason at all
Washington Post — History repeats itself, first as tragedy, then as farce, and finally as trolling. That, at least, appears to be the case in […]
Support for Drachma grows in Greece
(Reuters) — In a traditional cafe in a working-class neighbourhood of Athens, 55-year-old musician Stelios Maragakis said he has the solution to Greece’s debt crisis: […]
Lagarde: Greek proposal ‘inadequate’ -Tsipras summoned to Brussels for more talks
(The Guardian) — In advance of the third meeting of eurozone finance ministers in less than a week, Tsipras was summoned to the office of […]
ECB gives breathing space to Greek banks following new proposals
(Reuters) — The European Central Bank increased its funding lifeline to Greece’s banks again on Tuesday, sources with direct knowledge of the decision said, allowing […]
Stathakis: Greece rescued
(BBC) –In an exclusive BBC interview, to be broadcast tonight, Greece’s economy minister Giorgos Stathakis said that he believes Greece’s new proposals to balance the […]
Greece’s proposals good basis for progress, says EU
(The Guardian, Reuters, enikos.gr) — In the coming hours, the most powerful politicians and officials in Europe will hold a series of emergency meetings that […]