Source: pjmedia.com - Wednesday, July 01, 2015 IT’S GREEK TO THEM: Steven Hayward on “The Decadence of the Liberal Mind in One Sentence. “All Related
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How the world sees Greece
Wednesday, July 1, 2015
IT’S GREEK TO THEM: Steven Hayward on “The Decadence of the Liberal Mind in One Sentence.”…
Bank of England warns of Greek crisis contagion
The deepening Greek crisis has scuppered plans by the Bank of England to give a stable outlook to the UK's financial stability, with UK authorities ...
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Markets swing on Greece's mixed messages
Global stocks sold off earlier this week as uncertainty over Greece's future escalated and the country headed for the July 5 popular vote that could ...
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| READ THE ORIGINAL POST AT money.cnn.com |
Greek crisis: Alexis Tsipras says rejecting austerity will yield better deal
Greek Prime Minister Alexis Tsipras reaffirmed his support for a "no" vote in the referendum, saying Europe was blackmailing Greece to accept its proposals
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| READ THE ORIGINAL POST AT telegraph.feedsportal.com |
Juncker: ‘We were so close’
The Commission president tells MEPs that the Greeks never really wanted a deal.
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| READ THE ORIGINAL POST AT www.politico.eu |
Tsipras keeps on defying creditors
While Alexis Tsipras is asking for a third bailout programme, the Greek Prime Minister stuck to his referendum plan and urging voters to say No. Syriza has broken taboos and gone beyond its programme during these negotiations, says a member of the Greek government party. The opposition in Athens is calling for a Yes, saying […]
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Argentina recalls its financial crisis, advises Greece
BUENOS AIRES, Argentina (AP) — As Argentines closely watch the financial turmoil in Greece recalling their own worst crisis 14 years ago, the architect of the South American country's recovery has a message for the European nation: renegotiate your debt.
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Euro zone tells Greece new loan talks depend on vote result
By Alastair Macdonald BRUSSELS (Reuters) - Euro zone finance ministers piled pressure on Greek voters and their government on Wednesday by warning that negotiations on a new bailout would depend on the result of Sunday's referendum on previous EU credit terms. "We will come back to your request for financial stability support from the ESM (European Stability Mechanism) only after and on the basis of the outcome of the referendum," Jeroen Dijsselbloem, who chairs the Eurogroup, wrote to leftist Greek Prime Minister Alexis Tsipras, who is calling for a No vote. Dijsselbloem's one-page letter, published by EU officials, was sent in response to a request from Tsipras for a new loan which was briefly discussed by the Eurogroup in a conference call on Wednesday evening.
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Treatment of Greece and the future of the European project
Rafael Behr is right that Greece’s tragedy does not invalidate the case for the EU (The EU is not a conspiracy against democracy, 1 July). But he is too kind to Europe’s leaders, who display precious little humility or respect for national feeling. As well as demanding payments that Greece cannot possibly make and seeking remedies that will further weaken its economy, they are causing huge suffering to many of their fellow Europeans.Their behaviour is not only stupid, it is also immoral. So there is a morality tale here, and you do not have to be either a Ukip supporter or a member of the “hard left” to feel distaste for the bullying, supercilious approach of Jean-Claude Juncker et al. The yes campaign in Britain’s EU referendum may well achieve a reluctant acceptance that staying in is better than getting out. But after the EU’s desperate mishandling of the Greek crisis, it is very hard to feel much enthusiasm for what used to be called the European project.Shaun SpiersLabour and Co-operative MEP 1994-99It is morally fatuous to suggest the Greeks must suffer further because Irish, Latvians and other European citizens have Continue reading...
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Syriza can’t just cave in. Europe’s elites want regime change in Greece
Greece’s confrontation with the euro overlords will shape resistance to austerity – and the future of the whole European UnionIt’s now clear that Germany and Europe’s powers that be don’t just want the Greek government to bend the knee. They want regime change. Not by military force, of course – this operation is being directed from Berlin and Brussels, rather than Washington.But that the German chancellor Angela Merkel and the troika of Greece’s European and International Monetary Fund creditors are out to remove the elected government in Athens now seems beyond serious doubt. Everything they have done in recent weeks in relation to the leftist Syriza administraton, elected to turn the tide of austerity, appears designed to divide or discredit Alexis Tsipras’s government. Continue reading...
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Fear-mongering is the enemy of democracy – from Greece to Cameron’s EU referendum
The Tories always use Project Fear to get their way at the ballot box, and the same tactic is used when the Greek people are asked to choose between the hell they know and one they can only imagineProject Fear stalks Europe. In suits and ties and chaffeur-driven cars, in hurried meetings, in corridors blaring with strip lights, around the cabinet tables, in meetings where strategy is scrawled on whiteboards, in advertising agencies where earnest young people compete to unsettle us in the most effective ways.Perhaps I am too old and dreamy to think that politics was ever about anything other than fear; that hope is a necessity not a luxury. Surely I know, really, that when you want someone to vote a certain way you have to frighten them into thinking that any alternative is worse. We may not know what we like, but we sure as hell as know what we don’t like. Continue reading...
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How long can Greece survive without support from its creditors?
The debt-stricken country is in deep trouble already but things could still get worse for the economy, the currency, public sector and banks After the Greeks dramatically walked out of talks in Brussels last Friday and announced a referendum, a question has been posed: how long can Athens survive without support from its creditors before it collapses? Related: Treatment of Greece and the future of the European project | Letters Continue reading...
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The Latest: Greek minister: Bailout deal possible after vote
ATHENS, Greece (AP) — The latest news on Greece's financial woes (all times local):
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Anguished and helpless, Greek diaspora looks to homeland
For millions of Greeks worldwide, fond memories of white-washed villages under azure skies have been overshadowed by images of street protests and panicked bank queues -- and fears about the country's European future.
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Greece debt crisis: Country firmly on course to hold EU referendum as eurozone leaders reject new bailout request
A roller-coaster day of high political drama across Europe, shading at times into farce, ended with Greece still firmly on course to hold a fateful referendum on 5 July that could end the country’s membership of the eurozone.
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Greece Referendum: Report from Ground Zero
In Greece, some already know how whether they are going to vote 'no', as Greek Prime Minister Alexis Tsipras wants, or 'yes', on if the country should accept a set of proposals made to them by Europea...
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Uncertainty over Greece’s future membership of eurozone causes rift in Angela Merkel's party
Rifts are appearing in Chancellor Angela Merkel’s ruling coalition amid mounting uncertainty over Greece’s future membership of the eurozone, and questions over Athens’ intention to go ahead with its weekend referendum.
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| READ THE ORIGINAL POST AT www.independent.co.uk |
Greek referendum shines light on divisions after five-year misery
By Karolina Tagaris and Deepa Babington ELEFSINA, Greece/ATHENS (Reuters) - Georgia Golemi, a pharmacy owner, plans to oppose international bailout terms in a Greek referendum on Sunday, while Michalis Fioravantes, a state-funded teacher, says he will vote for them. Greece's creditors say the reforms they are seeking should stabilise its finances by making it easier to do business and cutting back a public sector they consider too big a drain.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Greece debt crisis: Angry and anxious pensioners flock to take money from banks
Pensioners swarmed outside banks across Athens eary on 1 July, to claim the €120 (£85) of their pensions they are allowed to claim this week. Some 1,000 banks opened across the country as part of an emergency measure to hand out pensions.
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| READ THE ORIGINAL POST AT www.independent.co.uk |
Greek bank controls heap more pain on crisis-weary citizens
Greece's capital controls are beginning to bite - in tiny little nips.From stocking up on milk powder and medicines, standing in line for hours to withdraw the maximum daily-allowed amount of euro 60 ($67) from ATMs to not being able to buy Apple ...
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| READ THE ORIGINAL POST AT www.business-standard.com |
‘Tsipras new proposal in the right direction’, Cyprus’ FinMin says
Nicosia, July 1, 2015/ Independent Balkan News Agency By Kyriacos Kyriacou Finance Minister Harris Georgiades has said that the new proposal, as submitted by the Greek Government on Wednesday to its international lenders, is a move towards the right direction. At the same time he sent a message of cautious optimism, saying that through a […]
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Romanian National Bank urges prolongation of agreements with IMF and EC
Bucharest, July 1, 2015/ Independent Balkan News Agency By Daniel Stroe The agreement with the International Monetary Fund (IMF) and with the European Commission (EC) is still being negotiated and it is essential that it continues, because the current international context, generated by Greece, and the internal one, given by the Tax Code, require the […]
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Greek government aims for deal with creditors on Monday
The Greek government aims to secure deal with creditors on Monday, a day after a referendum in which Greeks will vote on whether to accept or reject a bailout offer made by lenders last week, Finance Minister Yanis Varoufakis said on Wednesday. In an interview with Greek state television, Varoufakis said that Athens was willing to accept "strict" conditions of a new bailout package, if in exchange the sustainability of Greece's debt were guaranteed. Greek banks have been closed since Monday, and the government has imposed capital controls in an effort to prevent a collapse of the banking system after an impasse in negotiations with creditors led to a massive outflow of money from local lenders.
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What is the market price of valour for Greece?
In 1981, Greece had just restored democracy, ending the rule by military junta. 1981 was also historic for Greece as it became the tenth member of…
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| READ THE ORIGINAL POST AT www.euronews.com |
Tsipras repeats call for Greeks to vote "no" in referendum
The Greek Prime Minister has again urged Greeks to reject new bailout terms in Sunday's referendum. In a televised address Alexis Tsipras described…
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Sieren's China: Beijing's trouble with Athens
China has acted as an ATM for Greece, dispensing money whenever Athens was strapped for cash. But Beijing is slowly losing its desire to work with the Tsipras government, writes DW columnist Frank Sieren.
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Eurogroup says no talks until after Greek referendum
Eurozone finance ministers have refused further talks with Greece until after a referendum on the bailout deal. Greek Prime Minister Tsipras sought to assuage peoples' fears a day after missing a debt payment.
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Greek prime minister refuses to call off bailout referendum and accuses Europe of attempting to ...
Greek Prime Minister Alexis Tsipras has vowed to push on with his plan for a referendum this Sunday on the recent proposals from the country's ...
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |
Angela Merkel takes revenge on Greek prime minister
But with quiet determination she is making the Greek premier squirm — by refusing his desperate efforts to return to the negotiating table.
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| READ THE ORIGINAL POST AT www.ft.com |
Understanding the Roots of the Greek Debt Crisis
Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept their last bailout offer if some conditions were ...
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| READ THE ORIGINAL POST AT www.newsweek.com |
Tsipras says Greece ready to accept creditors' terms with new bailout
Greek Prime Minister Alexis Tsipras backtracked Wednesday on his refusal to accept Eurozone creditors' demands for deeper spending cuts in exchange for more loans to keep the economy afloat, telling the international lenders in a letter that the austerity measures were acceptable if part of a two-year...
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| READ THE ORIGINAL POST AT www.latimes.com |
Greece Crisis: Timeline to negotiation on new Greek bailout
Greek Prime Minister Alexis Tsipras delivers a speech during a parliamentary session in Athens Badly burnt: Greek Prime Minister Alexis Tsipras Alexis Tsipras Greek Finance Minister Yanis Varoufakis (C) and head negotiator with Greece's lenders Euclid ...
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| READ THE ORIGINAL POST AT www.independent.ie |
Greek PM Alexis Tsipras urges 'no' vote on bailout referendum
Andrew V. PestanoATHENS, Greece, July 1 (UPI) -- Greek PM Alexis Tsipras has urged citizens to vote "no" in a bailout referendum soon after telling creditors he accepts conditions to settle the nation's debt.
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| READ THE ORIGINAL POST AT www.upi.com |
Varoufakis: Why we recommend a NO in the referendum
Greek Finance Minister Yanis Varoufakis has published a bullet point list of reasons to vote “no” on July 5 referendum. Negotiations have stalled because Greece’s creditors (a) refused to reduce our un-payable public debt and (b) insisted that it should ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
GLOBAL MARKETS-Stocks rally wanes as Greek PM urges 'no' vote
… . Prime Minister Alexis Tsipras urged Greeks to vote 'no… . The euro was lower after Greece's default overnight on … most vulnerable to contagion from Greece's debt crisis, all … below $63 a barrel after Greece defaulted on its IMF debt …
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Greek government to stay at negotiating table until the end — PM Tsipras
Voting against at the upcoming referendum doesn't mean breaking with Europe but returning to European values, Greek Prime Minister Alexis Tsipras said Wednesday in a televised address to the nation
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ECB says emergency funding for Greek banks held steady
The ceiling for Emergency Liquidity Assistance for Greek banks has been maintained at its current level, a spokesman for the European Central Bank said on Wednesday. The Governing Council of policy setters, made up of euro zone central bank chiefs and President Mario Draghi's executive, made the decision to hold it steady at a level it has been since late last week. "The Emergency Liquidity Assistance ceiling for Greek banks was maintained at the current level," the spokesman said.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Asian factory growth stays weak, Europe and U.S. sluggish
(Reuters) - Global manufacturing growth slowed last month with most Asian economies remaining weak, while Greece's woes kept euro zone factories in check and U.S. manufacturing turned in a mixed performance, business surveys showed on Wednesday.
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The Latest: Cash limits leave Greek retirees scared, angry
ATHENS, Greece (AP) — The latest news on Greece's financial woes (all times local):
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| READ THE ORIGINAL POST AT hosted2.ap.org |
Greek PM Tsipras rails at EU over debt
So Alexis Tsipras has spoken. Across Athens Greeks had been glued to their television sets to see him, along with crowds of journalists parachuted in here of late, desperately trying to follow the nebulous twists and turns of the story. I can only imagine ...
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| READ THE ORIGINAL POST AT www.bbc.com |
IMF posts Nine Key FAQ on “Greece in arrears”
Almost twenty hours after International Monetary Fund realized Greece payment of €1.6 billion was missing, the IMF posted Nine Key Questions & Answers on the issue. The IMF reiterates it supports solution combining Greek reforms and European debt relief . The Fund stresses that “the IMF’s priority remains helping the […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Greece crisis: Berlin blasts Tsipras for 'seeking scapegoats outside own ranks'
Criticism of Greek prime minister reinforces view that Germany might refuse to negotiate with Syriza administration on rescue package until after referendumBerlin has delivered a blistering attack on Greece’s beleaguered radical prime minister, Alexis Tsipras, accusing him of lying to his own people and seeking scapegoats for the country’s misery everywhere but in his own ranks.The German government dismissed desperate attempts by Athens to salvage some form of bailout, prompting Tsipras to hit back, accusing the country’s creditors of trying to “blackmail” Greek voters with dire warnings that a vote against austerity in this weekend’s referendum would be a vote to leave the euro. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Crowdfunding campaign to bail out Greece raises 1 million euro in 3 days
Behold the power of crowdfunding. Over the weekend, Yorkshire native Thom Feeney, frustrated with politicians “dithering” over the Greek debt crisis, started an Indiegogo campaign to bail out the ailing nation. “I’ve received so many tweets, emails and messages of support and thanks,” he wrote on the campaign’s page.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Bank closures taking their toll on businesses across Greece
Consumption apparently down 70%, tourism drying up and companies face struggle to pay for wholesale food ahead of 5 July referendumGiorgos Kourasis knows exactly how many people have walked through the door of his tavern since Monday, because he has had nothing to do but wait and count.“The number,” he says in full knowledge of the ironic punch he is about to pull, “is zero. Absolutely no one has come and sat at a table for the first time in the 80 years that we’ve had our family business. “ Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Slovak FinMin afraid Greek banks won't reopen with euro if referendum yields "no"
Slovakia's Finance Minister Peter Kazimir said that Greek banks might not reopen with the euro as the currency in case the July 5 referendum ends with a no. "I'm afraid that Greece banks might not reopen with the euro as ...
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Greece's lenders say government's proposal is on right path, Varoufakis says
Greek Finance Minister Yanis Varoufakis said on Wednesday that Greece’s creditors told him the government’s proposal in on the right direction, but that they are requesting more data on its fiscal results. The minister made the statement after the end ...
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IMF says its priority is to help Greeks through difficult period
The International Monetary Fund’s (IMF) priority remains helping the Greek people through this difficult period of economic turmoil, the Fund said in a question and answer text published on its website on Wednesday. The IMF said it believes that the ...
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Dijsselbloem: No ground for further Greek talks
Eurogroup President Jeroen Dijsselbloem confirms there will be no further talks at either Eurogroup level or technical level until after Greek referendum. “Tonight we had a Eurogroup conference call, following our call of yesterday. We discussed the two letters of ...
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EU's Tusk says can't help Greeks if they reject it
European Council President Donald Tusk said on Wednesday that Europe's leaders wanted to help Greece but could not do so in the face of rejection from Athens and said the EU was waiting now to see how Greeks voted ...
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Eurogroup teleconference ends
Eurogroup conference call on Greece just ended, Eurogroup head Jeroen Dijsselbloem tweeted. #Eurogroup conference call on #Greece just ended; video with my remarks will be online shortly on http://t.co/9b0ZXi2aT4 — Jeroen Dijsselbloem (@J_Dijsselbloem) ...
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