EU rules not taken seriously by France and Germany
Source: Handlesblatt Global) — Members of the euro zone – including Germany and France – have consistently flouted the currency union’s economic rules, but E.U. […]
Banks to reopen Monday – capital controls still in place
Greek bank branches will reopen on Monday according to sources, the Athens-Macedonian News Agency reports. The report follows a European Central Bank announcement that increases […]
Greek embassy owes €1.8 m in London congestion fines (but Germany owes more)
Bloomberg — Here’s another 1.3 million pounds (€1.86 million) Greece owes: Its embassy in London has racked up 11,420 unpaid fines on its vehicles, the […]
Valuable Greek assets for sale – but are they worth 50 billion?
(Washington Post) — Part of Greece’s most recent bailout calls for the country to privatize a swath of its assets to pay off a portion of […]
Eurozone deal laws backed by MPs
BBC — Greek MPs have approved tough economic measures required to enable an €86bn eurozone bailout deal to go ahead. The legislation includes tax rises […]
Has IMF blown up Greece rescue?
(BBC) — Just when it looked as though there could be a pause in the eurozone’s Greek crisis, the International Monetary Fund has launched a […]
Could Greek hydrocarbon concessions be a part of assets transferred to the “independent fund”?
The Energy Ministry announced that by the end of the deadline at midday Tuesday it had received only three bids for the concession of licenses […]
The Civil Servants’ Confederation trade union to strike against new bailout deal
(Sputnik) — A 24-hour strike by Greek civil servants, scheduled to take place in Athens Wednesday, is a message to the Greek government and its international lenders that the new […]
PM Tsipras defends his abrupt change of course over debt crisis
The Greek prime minister, Alexis Tsipras, has defended the bailout agreed at Sunday’s eurozone summit and ruled out resigning, saying it was a bad […]
The Greek Deal – full document (with some notes)
Euro Summit Statement Brussels, 12 July 2015 The Euro Summit stresses the crucial need to rebuild trust with the Greek authorities as a prerequisite for […]
Schulz: the deal Tsipras got on Sunday is worse than the deal on the table before the referendum
(ANA-MPA) – European Parliament President Martin Schulz said on Monday he is confident the Greek government will do whatever it takes to implement the necessary […]
ECB does not raise ELA for Greek banks, capital controls continue
ANA-MPA — The European Central Bank (ECB) governing council has left the lending limit for Greek banks from Emergency Liquidity Assistance (ELA) unchanged at just […]
Merkel: complete reform of pensions, privatisation and labour markets
BBC — German Chancellor Angela Merkel is giving her reaction. We have always said this has always been about a three year programme. Essential changes […]
Τsipras: We fought a tough battle; We face difficult decisions
(Reuters) — Greek PM AlexisTsipras said that Greece fought a tough battle in the EU Summit. “Now we face difficult decisions”, Tsipras told reporters after all […]
Germany asked for €50 billion Greek asserts to go to a Schaeuble controlled Luxemburg fund
The earlier proposal on the table would force Greece to vote through four pages of additional ‘reforms’ by Wednesday night. Or, it would be forced […]