Leaders in late night Greek debt talks fail to break deal deadlock
The heads of the IMF and European Central Bank unexpectedly joined talks on Greece’s debt crisis Monday, June 1, as Greece battles with its creditors […]
ECONOMY
Alexis Tsipras lambasts ‘absurd proposals’ for Greece debt-deal failure
(From the Guardian) — In a hard-hitting article for the French daily Le Monde, the Alexis Tsipras lambasted the uncompromising approach of the EU, European […]
German financial newspaper puts words in Lagarde’s mouth
(MSN Money) German financial newspaper Frankfurter Allgemeine Zeitung which quoted IMF Chief Christine Lagarde as saying “A Greek exit is a possibility” – later changed […]
U.S. warns G7 of global economy ‘accident’ without Greece deal as Europe pushes ultimatum deadline to the end of June
The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert […]
Wolfgang Münchau: “I am sceptical about another round of extend-and-pretend dishonesty”
(From the Financial Times) What should Tsipras do now? Asks Wolfgang Münchau in the Financial Times. If the deal offered by the country’s creditors is […]
Greece says deal close, Schaeuble quashes optimism
(AP) — Greece’s cash-strapped government insisted Wednesday it was “very close” to reaching a vital deal with bailout lenders, but the optimism in Athens was […]
German finance ministry replies to Lew comment: There has already been great flexibility in Greece’s case
(ANA-MPA) Responding to a statement by U.S. Treasury Secretary Jack Lew earlier on Wednesday in London, German finance ministry spokesman Martin Jaeger noted that “the […]
The credible Mr Junker : “Varoufakis is not helping negotiations”
European Commission President Jean-Claude Juncker declared that Greek finance minister Varoufakis was “not helping the negotiation process. Mr Varoufakis is the finance minister of a […]
Creditors play down fears of Greek default as deadline approaches
The Greek finance Yanis Varoufakis urged creditors on Tuesday to ‘get their act together’ if they want Greece to repay its June IMF loan. And […]
Fight to save the Greek pension takes centre stage in Brussels and Athens
(from The Guardian) In the five years that debt-stricken Athens has struggled to remain solvent – surviving on rescue loans issued by the EU, the […]
Tsipras – Merkel meeting to discuss Greek crisis confirmed
(The Guardian) Greek PM Alexis Tsipras will meet with German chancellor Angela Merkel, after dinner, on the sidelines of the EU summit in the Latvian […]
Until Europe writes down Greece’s debt, the drama will continue to run
(The Independent) So the tale of Greece lurches on, with some sort of denouement expected in the next couple of weeks. It is not possible […]
Varoufakis: To achieve an agreement, Greece and EU partners must accept some realities
(ANA – MPA / Star News) For the ongoing negotiation between Greece and its EU lenders requires that both sides accept some realities, Greek Finance […]
Greece under siege – the strategy of financial strangulation to force a government surrender instead of Grexit
(The Guardian comment – by Anatole Kaletsky ) Since coming to power in January, the Greek government, led by the prime minister, Alexis Tsipras’s Syriza […]
Greece: Europe’s last-ditch effort to keep it in euro?
(Paul Mason blog Channel 4) After a weekend of leak and counter-leak, in which we learned Greece cannot make critical payments to its lenders due […]