Worldcrunch
ELEFSINA — Greece must repay 7 billion euros of debt by July. But, as has been the case since 2011, the country will not be able to honor its debt without first receiving the credit promised by the International Monetary Fund and the members of the eurozone in July 2015 (86 billion euros). Athens’ creditors […]
Athens must make some painful changes to survive and preserve its Eurozone membership. But the monetary pact needs to be fundamentally changed.
PARIS — After a marathon 15-hour meeting, Greece and the 18 other Eurozone members finally reached an agreement to avoid a “Grexit.” The Greeks will keep the euro and receive financial support in exchange for implementing a stringent program of reforms by Wednesday at the latest. Greek Prime Minister Alexis Tsipras welcomed the deal which […]
From Athens’ corrupt and radical politicians to the staid bankers and diplomats of Brussels, all are to blame for the crisis in Greece. An un-lesson for modern politics.
A visit with Munich’s surprisingly robust Greek community finds families caught in the middle of Europe’s unfolding existential drama. Or tragedy.
Those who know him best say Greek Prime Minister Tsipras is driven by three contradictory strands. Profile of a leader battling his ‘inner troika.’
Greece, confronted by its creditors, and Iran, facing a showdown over the nuclear dossier, may have less to lose from the failure to reach an agreement than their counterparts.
Le Soir, June 29, 2015 The European and Greek flags billow beside each other under the headline “Disunion” on the front page of today’s Le Soir, a Brussels-based daily. Negotiations between Athens and its European creditors collapsed over the weekend, plunging the continent into a new depth of uncertainty and crisis. After European officials rejected […]
“Save Europe, drown a Greek,” reads this week’s cover of satirical French weekly Charlie Hebdo, which depicts International Monetary Fund chief Christine Lagarde drowning a Greek pensioner. Largarde and other creditors now want Greece to push its retirement age to 67 and to cancel benefits for its poorest pensioners. They’ve given Greece an ultimatum to […]
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’ […]
GREXIN OR GREXIT? Photo: Aristidis Vafeiadakis/Zuma European Union leaders welcomed an 11th-hour proposal from the Greek government last night, just hours before a crucial summit that could decide the cash-strapped country’s future in the Eurozone. The news sent European stocks up, though it’s still early to say whether a deal will be reached to avoid […]
Politically speaking, Greece’s return to the drachma currency would be a defeat. But economically speaking, it doesn’t threaten European stability, and could offer the Greeks a chance at redemption.
PARIS — Europe is truly a strange character. In Greek mythology, Europa was a princess kidnapped by a white bull whose breath smelled like Crocus flowers. In today’s reality, it’s a body threatening to cut off its own limbs. Its left foot is considering stopping its own blood flow. Suffering from cramps for the past […]
HUNDREDS MISSING AFTER CHINA SHIPWRECK At least 400 people were missing this morning after a Chinese ship carrying 458 passengers and crew was hit by an apparent cyclone and sank in the Yangtze River late yesterday, Chinese news agency Xinhua reports. So far, there are only 15 to 18 survivors, and just five bodies recovered, […]
Greece will vote in national legislative elections Sunday to choose its 300 members of parliament, after the ruling conservative coalition failed to maintain its parliamentary majority in December. And no, this is not your ordinary election. Polls suggest a victory of the radical left party, Syriza, with more than 30% of voting intentions, and stakes […]