Varoufakis: “I was prevented from sharing the written Greek proposals” in Brussels
The Greek finance minister Yanis Varoufakis in an article in the Irish Times reveals that he was prevented from sharing with Mr Noonan –the Irish […]
ECONOMY
EU’s “unbridgeable difference” is 0.5% of Greek GDP pa for the next three years
(BBC Business) — What is very striking – and important – about the agonised talks between Greece and its creditors is that no European leader […]
Greece accuses Europe of plotting regime change as creditors draw up ultimatum
(from The Telegraph/by Ambrose Evans-Pritchard) — Greek premier Alexis Tsipras has accused Europe’s creditor powers of trying to subvert Greece’s elected government after five years […]
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, […]
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 […]
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 […]
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 […]
Is Juncker to be believed when he accuses Tsipras of lying over bailout talks?
On fringes of G7 summit, European commission president says Greek PM failed to deliver promised proposals and lied to his own parliament about negotiations European […]
The Guardian: “The troika is supposed to build Greece up, not blow it apart”
The Guardian — The phrase “trench warfare” comes to mind. On Friday evening the Greek prime minister, Alexis Tsipras, lobbed some choice words at his […]
Joseph Stiglitz, Thomas Piketty and other world renown economists make a “plea for economic sanity and humanity.”
In an essay published on Friday morning in the Financial Times, 26 of the world’s most renowned economic minds proclaimed their solidarity with Syriza, Greece’s […]
Putin: “Grexit” speculation could be harmful to the European Union and Greece
(Sputnik) – Speculation over Greece’s possible exit from the Eurozone (“Grexit”) amid the country’s massive debt could be harmful both to the European Union and […]
What happens if Greece defaults on its International Monetary Fund loans?
In choosing to bundle up four separate June repayments, Greece avoids triggering an immediate default. But in the event of a delayed repayment, according to […]
Austria has earned more than 100 mln euros in interest from Greek bailout, APA reports
(ANA-MPA/ D. Dimitrakoudis) — Austria has received 101.73 million euros in interest on loans given to Greece under the first Greek bailout programme by December […]