How the world sees Greece
The Greek Prime Minister has warned his country to prepare for a "difficult compromise" with EU and IMF creditors. Greece has submitted its last chance proposal to Brussels to avert a catastrophic default by Athens.
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A government official says Greek Prime Minister Alexis Tsipras has told senior aides to "forget about elections or a referendum," whatever the outcome ...
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The rift that has between going on between the Syriza-led Greek government and the Creditors of the country is leading to a sudden increase in the ...
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Greece is taking the rest of Europe on to a "bridge to nowhere" by stalling on a debt deal, according to Finland's central bank governor, who said ...
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Elbasan (Albania) (AFP) - Lacklustre France suffered another disappointing friendly defeat on Saturday as the Euro 2016 hosts went down 1-0 to Albania in the city of Elbasan.A first-half free-kick by Ergys Kace gave Albania victory over the side they previously held to a 1-1 draw in Rennes back in November, as France lost for the second time in a week after going down 4-3 at home to Belgium last Sunday.Les Bleus coach Didier Deschamps rotated his squad for the game played in sweltering late afternoon conditions, with the ill Paul Pogba among those missing from the away line-up.Seven changes were made to the team well beaten by Belgium at the Stade de France as the likes of Liverpool defender Mamadou Sakho, Monaco midfielder Geoffrey Kondogbia and Lyon striker Alexandre Lacazette -- scorer of 27 goals in Ligue 1 in the season just finished -- were handed starts.But they lacked any appetite against one-time minnows Albania, now coached by the Italian Gianni De Biasi and who are unbeaten in Euro 2016 qualifying so far, with the exception of their match in Serbia which was awarded as a 3-0 home win following trouble in Belgrade.Albania showed they were more than a match for a French side who, perhaps understandably, appeared desperate for their summer holidays to begin.Hugo Lloris made a crucial save from Ermir Lenjani before the goal that decided the game arrived in the 43rd minute.Kace, the tiny 21-year-old with Greek club PAOK, curled a superb free-kick from 20 yards high into the top left-hand corner of the net to give Lloris no chance as the French suffered back-to-back defeats for the first time since June 2013."This evening there was an opponent with more determination who were well organised and we were unable to find the solution," said Deschamps."I am especially angry and disappointed because I am responsible. I choose the players, the system, decide who comes on and who goes off."I will take the time to analyse it but it has not been a favourable period for us," added Deschamps, whose team are next in action away to Portugal in Lisbon on September 4."Our victory is deserved. France have great quality but they lacked the determination to play. It was an end of season game," said De Biasi, whose side are third in Euro 2016 qualifying Group I before their next match in Denmark in September.Join the conversation about this story »
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FRANKFURT--The president of Germany's BDI industrial federation, Ulrich Grillo, said he is losing patience with Greece, adding that the country can't ...
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Anyone who thinks that Greece has nothing to lose by leaving the euro because the Greek economy has already sunk so low that things couldn't ...
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A mini tax draft bill submitted by the Greece’s Finance Ministry will be tabled at the Parliament plenum for approval on Tuesday, June 16, in a fast track procedure, a move that was widely criticized by the opposition. Apart from the SYRIZA/ANEL coalition, the bill is expected to be approved by New Democracy, “To Potami” and PASOK, which also approved it in principle during its discussion at the parliament committee. Greek Alternate Finance Minister Nadia Valavani faced criticism for tabling the bill while Greeks are in the process of submitting their tax declarations and admitted there has been significant delay. “It is unacceptable that we submitted it with such delay and with tax declarations still ongoing, but this bill includes favorable regulations for lifting (even at the eleventh hour) extreme injustices of the tax system,” she said. (source: ana-mpa)
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Wall Street stocks chugged through a week light on US economic data and heavy on anticipation of news on Greece and the US Federal Reserve.
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Greece and its creditors are locked in last-ditch talks, with European Commission President Jean-Claude Juncker trying to broker a deal over the ...
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Halifax Greek Fest celebrates its 30th anniversary this weekend with all of the food, music and other fun activities that have become its trademark over ...
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ATHENS, June 13 Greek Finance Minister Yanis Varoufakis proposed on Saturday that the ESM, Europe's bailout mechanism, should offer a new ...
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Senior Eurozone officials have met to discuss the possibility of a Greek default for the first time, according to media reports. Sources told Reuters that ...
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Greece's controversial finance minister insisted today his country would not be forced out of the eurozone despite the breakdown in debt negotiations with its creditors. Yanis Varoufakis said he does not believe fellow European nations will be prepared to ...
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Eleventh-hour bailout negotiations are continuing over the weekend after fears that Greece could default on its massive debts led to falls in stock ...
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As Greece teeters on the verge of bankruptcy, European Union officials are tightening the screws on the indebted country. They are demanding that ...
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Greek Sports Minister Stavros Kontonis characterized the Athens Olympic Games “a bad example” in an interview to the Athens-Macedonian News Agency on the occasion of the European Championships in Baku, Azerbaijan. Kontonis said that the way the Olympic Games were organized and the major works in Athens were implemented was disastrous for the Greek economy and regional growth, which was never achieved in Greece during that period. He estimated that the total cost of the Athens Olympic Games reached 20 billion euros and this is something that countries in similar financial situation should be aware of. Kontonis is in Baku representing the Greek government in the opening ceremony of the 1st European Games. He will also participate in the unofficial Ministerial meeting of the 47 Council of Europe member-states on Saturday. (source: ana-mpa)
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Greek opposition “To Potami” called on Prime Minister Alexis Tsipras to make an “honorable compromise” and reach an agreement with creditors. “Mr. Tsipras will either make a bold move forward or stand still and be swept away by the tide of developments. We call on him to proceed with an honorable compromise,” “To Potami” said in an announcement, adding that it is hard to know which of the “ultimatums” leaked to the press are real and which not. “What is now certain is that there are no margins for shilly-shallying. If he finds it hard to make the decision alone, let him inform other political leaders and invite them to share the responsibility and political cost. Personal and party expediency must finally be set aside. By everyone,” the announcement underlined. (source: ana-mpa)
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Greece does not believe its European partners will ultimately let the country leave the euro zone, Greek Finance Minister Yanis Varoufakis said on Saturday, as the country races to agree a cash-for-reforms deal with its creditors.Athens is trying to ...
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It gives the church a chance to showcase its Greek culture with food and dance. Organizers say the event is always gratifying to see people come and ...
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The Greek negotiations seem to have been going on forever but it really is only four months since Syriza was elected and they started to demand two ...
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In Athens, a government official denied that the possibility of Greece failing to honor its debt commitments had been discussed by the European Union, ...
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In a bid to earn support from opposition parties as well as coalition partner Independent Greeks (ANEL), leftist ruling SYRIZA intends to tweak its citizenship bill by placing one of the provisions into a separate article.
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Prime Minister Alexis Tsipras is said to have sent a message to his MPs on Saturday to forget the idea of snap elections or a referendum if his government is able to secure a “viable agreement” with Greece’s lenders.
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Workers at Greece’s ambulance service (EKAB) have threatened to hold work stoppages from Tuesday because of unpaid overtime.
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I am giving this three stars instead of two because it redeemed itself at the very last. A disappointing sequel to Walton's The Just City, hopefully this is merely suffering from second-instalment-in-a-trilogy syndrome. Seriously: remember Return of the Jedi?
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Nobody can foresee the full extent of the fallout if Greece were to quit the eurozone, the vice president of Germany's Bundesbank said in a newspaper interview published on Saturday. "The direct contagion effect on other countries is smaller because ...
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‘This station was reopened not by the government, but by the struggles of its employees,” said Greek prime minister Alexis Tsipras on Thursday. “It’s a celebration of democracy”. Writing from Athens, it’s hard to miss the sense of defiance felt ...
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Greeks rock on Ice, Ahepans honor Gust Karras, and and students soar – TAMPA, FL – As the Tampa Bay Lightning continue their quest of a Stanley Cup against the Chicago Blackhawks in this year’s National Hockey League Finals, a furious debate continues to rage online regarding the ethnicity of two of the team’s players, […] The post HELLENIC HAPPENINGS FROM COAST TO COAST appeared first on The National Herald.
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Brussels (AFP) - Greek premier Alexis Tsipras warned that Greece must be ready for a "difficult compromise" in its talks with creditors as his closest ...
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On one side, Mr. Tsipras and his allies within the ruling Syriza party are battling Greece's creditors – the European Union, the European Central Bank ...
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Greek Prime Minister Alexis Tsipras sent a delegation to Brussels on Saturday with a new set of proposals in an attempt to break the deadlock with ...
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Greece has become an object lesson in how not to run an economy. This week, the International Monetary Fund packed up and left its negotiations ...
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NEW YORK -- A setback in talks between Greece and its creditors helped knock the stock market lower on Friday, amid renewed concerns that the ...
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Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with international creditors, provided he gets debt relief in return, something that Germany refuses to countenance.
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Greek Prime Minister Alexis Tsipras said Athens was ready for a "difficult compromise" which may eventually involve new concessions, a government source said today.
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NEW YORK, June 12 (Reuters) - A setback in Greek debt talks weighed down U.S. and European shares Friday, with investors also fretting that sturdy ...
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A Bloomberg report used six charts to show how the Greek economy went back into recession in the six months between the call for presidential elections in December 2014 and today. According to the report, the New Democracy/PASOK coalition had brought Greece one step from a shy economic recovery. But when snap elections were called after the government failed to elect a new President of the Hellenic Republic, the recovery proved to be so fragile that the plunge back into recession was easy. Investors were the first to flee after seeing leftist SYRIZA coming to power, promising to clash with creditors over bailout terms. Then Greek depositors started to withdraw massively, leaving Greece out of liquidity by the end of March. The new leftist government faced massive cash outflows and had to heavily rely on the European Central Bank (ECB) for funding through junk bonds and emergency liquidity assistance (ELA). “We’ve got massive capital outflow, we’ve got a huge debt that’s not sustainable, we’ve got a recession and there’s no investment,” Gianluca Ziglio, a fixed-income strategist at Sunrise Brokers LLP, told Bloomberg. “It’s a tragic situation from all points of view.” Still, the Alexis Tsipras government has held back on agreeing terms demanded by creditors longer than many anticipated. The ongoing negotiations led to wild swings in the Athens Stock Exchange (ASE). The report concluded with a quote by economist Holger Schmielding: “The more time passes, the deeper is Greece descending into a costly renewed recession and the harder it will be for Greece to get a good deal.”
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By Renee Maltezou and Jan Strupczewski ATHENS/BRUSSELS (Reuters) - Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with international creditors, provided he gets debt relief in return, something that Germany refuses to countenance. With Greece heading towards possible default and bankruptcy, he told his negotiating team before it took a counter-proposal to Brussels that without debt relief he would say "no" to any settlement with the EU and IMF that isolate his country from the rest of Europe. In little more than a fortnight, Athens must repay 1.6 billion euros to the International Monetary Fund with money it does not have.
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"What's it like being Greek," Wick said with a laugh. "I believe it's a lot of fun being Greek - first of all, it's our heritage and culture. It's very rich. You look ...
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Two years since it was shut down by the previous Greek government as an austerity measure, Greek State Broadcaster ERT returned to the air on ...
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FXStreet (Guatemala) - Analysts at ING Bank explained that the resolution of Greek debt problems continues to be a Gordian knot for European ...
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Greek Prime Minister Alexis Tsipras had a phone conversation on Friday evening with Cyprus President Nicos Anastasiades. A written statement by Cyprus government spokesman Nicos Christodoulides said they discussed regional and international issues in view of the President’s official visit to ...
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Greek Prime Minister Alexis Tsipras ruled out snap elections or a referendum according to government sources. Tsipras said Athens was ready for a "difficult compromise" which may eventually involve new concessions. "If we arrive at a viable accord, even if it ...
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Talks between the Greek Syriza government and its international creditors reached a critical stage on Thursday, as the International Monetary Fund ...
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Eric Leaseburg of Clarksburg and Richie Cantarelli of Bristol enjoy some Greek cuisine Friday during the 14th annual Greek Food Festival at Saint ...
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It was a sunny morning in Brussels on November 7 last year when Greek Finance Minister
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Greece does not believe its European partners will ultimately let the country leave the eurozone, Finance Minister Yanis Varoufakis said on Saturday, as the country races to agree a cash-for-reforms deal with its creditors.
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Greek premier Alexis Tsipras dispatched a team of his top advisers to Brussels on Saturday to thrash out a deal to avert a default by Greece that European officials now say could be imminent.
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Greece faces a narrowing window to conclude an agreement with its creditors and secure crucial financial aid, Luxembourg Prime Minister Xavier ...
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