If the eurozone thinks Greece can be blackmailed, it is wrong

Greece’s creditors do not have the country’s best interests at heart. Syriza, which still has enormous popular support, will not be afraid to examine the alternativesThe never-ending Greek crisis witnessed a dramatic acceleration last week: the government submitted a list of proposals, the troika (the IMF, the European Commission and the European Central Bank) came back with a list of its own, the Greek side rejected them out of hand, a parliamentary debate followed in Athens during which the prime minister repeated the rejection, and finally Greece failed to make a scheduled payment to the IMF on 5 June, presumably bundling all its payments for the end of the month. Related: Greece submits new reform plan amid talk of bailout extension - live updates If Syriza accepts a deal it will be signing its own suicide note, but also that of the country as a whole Continue reading...

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European Officials Confirm New Proposals From Greece on Resolving Standoff

One of the Greek proposals, according to three officials, focuses on fiscal targets, and describes measures to generate revenue. It calls for primary ...

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Messages from the Play were Very Strong, President Says

The messages sent in the play we just watched are very strong, Cyprus President Nicos Anastasiades said, in statements with Turkish Cypriot leader Mustafa Akinci, with whom he watched a theatrical play at Rialto Theater in Limassol. The play “Cyprus: Saddened in Greek, wounded in Turkish” was written by Turkish Cypriot Faize Ozdemirciler and performed by the Turkish Cypriot Nicosia Municipal Theatre, adapted and directed by Turkish Cypriot actor Yasar Ersoy. It refers to the tragic events of the island’s past and the present, focusing on the future. The President said that both him and Mustafa, as he said, are committed to working hard for the peace. He added that “our people demand peace.” Mustafa Akinci said that we must not lose hope and we must work hard to make our hopes into deeds. He also said that we need to make an effort to understand one another. (source: CNA)

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More Migrants Pour Into Greece

Greek authorities say hundreds of people using small boats and dinghies have arrived over the past day on eastern Aegean islands. The post More Migrants Pour Into Greece appeared first on The National Herald.

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AP PHOTOS: Top pictures from Europe and Africa

LONDON (AP) — The spring surge in migrants flooding across the Mediterranean hit Italy and Greece hard again last week, with thousands either picked up in small smugglers' boats at sea or landing on a number of Greek islands.

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Germany's Schaeuble says differences with Greece remain

Germany and Greece are still some distance apart on a possible compromise between Greece and its creditors to keep the country from default, German Finance

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Tsipras warns Greek exit would trigger EZ collapse, as markets will attack next country

Greece leaving the eurozone, dubbed the ‘Grexit’, would be a major blow for the European Union, as it would trigger a domino effect and eat deeply into taxpayers’ pockets, said the Greek Prime Minister Alexis Tsipras “I think it’s obvious. It would be the beginning of the end of the […]

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