When will Greece run out of money? It already has!
(Source: BBC) When will Greece run out of money? The question has been vexing European capitals and the markets for months, as the stand-off between […]
ECONOMY
Bloomberg: Varoufakis deserves to be heard
(Bloomberg) “I have never met or spoken to Yanis Varoufakis, Greece’s finance minister. Yet I feel I have gotten to know him through his writing […]
Varoufakis: If Eurozone doesn’t change it will die
(AFP) – Greek Finance Minister Yanis Varoufakis insisted Saturday that Greece would not require a new bailout from its international creditors if they would simply […]
Greek government considers selling off ports to reach agreement
(IBT) Greece is considering selling stakes in its two largest ports as a concession to reach an agreement with its European and International Monetary Fund […]
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 […]
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 […]
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 […]
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 […]
Varoufakis warns of Grexit contagion
(Reuters) – Greece’s Finance Minister Yanis Varoufakis said in an interview broadcast on Sunday that if Greece were to leave the euro zone, there would […]
Europe ready for Grexit contagion says ECB chief : “Greek threats to unleash mayhem will not give way to leniency”
(The Telegraph) The European Central Bank has warned that a rupture of monetary union and Greek exit from the euro could have dramatic consequences, but […]