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Extra! Hope For Greece Deal After "Intensive Mediation'

Monday's front page of Germany's leading financial daily the Frankfurter Allgemeine Zeitung shows Greek Finance Minister Yanis Varoufakis dashing to a cabinet meeting at the Maximos Mansion, seat of the Greek prime minister. As European Union and Greek leaders struggle to reach a deal to keep Greece in the Eurozone, the German daily describes Varoufakis' untucked and non-ironed shirt as "civilian clothes", above the headline "Intensive Mediation Efforts Before Greece Crisis Summit.

Late on Sunday, European Union leaders also welcomed an 11th-hour proposal from the Greek government, just hours before the crucial summit Monday that could decide the cash-strapped country's future. The news sent European stocks up, though it's still early to say whether a deal will be reached to avoid a Greek debt default.

According to the Greek Reporter, the new reform package from Prime Minister Alexis Tsipras could include capitulations previously branded "taboo," such as ending early retirement and pension cuts.

But the new proposals could spark a political crisis in Athens, where Syriza's right-wing coalition partner ANEL strongly opposes abolishing reduced VAT on Greece's Aegean islands. "If they want to get rid of ANEL from the coalition government, they can bring that measure to parliament and we will vote against it," Defense Minister and ANEL party member Panos Kammenos said Monday morning.

Grexit or no Grexit, the Eurozone is doomed and will eventually have to "integrate or disintegrate," a new study says. Read more from The Daily Telegraph.

ABOUT THE SOURCE: Frankfurter Allgemeine Zeitungis one of Germany's leading dailies, founding in 1949. With a focus on business and finance, the "FAZ" is considered center-right on the political spectrum.

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Geopolitics

Modi Is Wrong: Russia's War Also Creates Real Risks For India

By shrugging aside Russia’s aggression, India has shown indifference to fears that China could follow Russia’s example.

Photo of India's Prime Minister Narendra Modi and Russian President Vladimir Putin

India's Prime Minister Narendra Modi Visits Russia

Anita Inder Singh*

-OpEd-

NEW DELHI — India is wrong to dismiss Russia’s war in Ukraine as Europe’s problem. The illegality and destructiveness of the invasion, and consequential food and energy crises, have global ramifications.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

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This explains why 143 out of the 193 member-states of the UN General Assembly voted against recognizing Russia’s illegal annexation of four Ukrainian regions after holding sham referenda there. Ninety-three voted in favor of expelling Russia from the UN Human Rights Council.

India has abstained from every vote in the UN condemning Russia’s aggression in Ukraine. The reason? Moscow is India’s top arms supplier and some 70% of India’s military platforms are of Russian origin.

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