Greek finance minister Yanis Varoufakis told the head of the Eurogroup's finance ministers, Jeroen Dijsselbloem, that Greece would no longer deal ...
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How the world sees Greece
Saturday, January 31, 2015
As Greece gives its marching orders to the Troika – five reactions
Podemos March for Change: Huge crowds rally in Madrid to support Spanish leftist party
A week on from the seismic political shift delivered by the people of Greece, tens of thousands gathered in the Spanish capital today to tell their ruling elite that they too had had enough.
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| READ THE ORIGINAL POST AT www.independent.co.uk |
Greek Prime Minister Alexis Tsipras vows to pay off loans
Prime Minister Alexis Tsipras has expressed hope that Greece and its creditors will reach an agreement on the debt issue. The new leftist premier has vowed to pay off debts and said he will not act unilaterally.
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| READ THE ORIGINAL POST AT www.dw.de |
100,000 flock to Madrid for Podemos rally against austerity
Inspired by the leftist Greek election victory, support grows for new political order in SpainFour years ago, Madrid’s central Puerta del Sol square belonged to los indignados – an impromptu revolt of thousands, camping out for weeks and rallying against a political establishment felt to be out of sync with the people.On Saturday, up to 100,000 people again filled the square, determined to show the world that 2015 would be the year that the change demanded by the indignados would come about. Continue reading...
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European Parliament President: New Greek Govt’s Attitude ‘Irresponsible’
“Irresponsible” was the word used by European Parliament President Martin Schulz to describe the new Greek government’s attitude, in his interview with Germany’s Frankfurter Allgemeine Zeitung. Schulz said he traveled to Greece convinced that there was room for dialogue with the new Greek government, without, however, any guarantees. “If the Greek government chooses not to cooperate with its partners and lenders, that will be an irresponsible thing to do,” said Schulz, along with rejecting any European debt conference. “It is a fragile situation and unilateral actions announced by the Greek Finance Minister do not help.”
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Europe's creditors play with 'political fire' in pushing Greece to the brink
The North European power structure has issued stern and inflexible warnings to Greece. Syriza's triumphant radicals must pay the country's debts and ...
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No more debt forgiveness for Greece, says Angela Merkel
Angela Merkel ruled out cancelling more of Greece's national debt on Saturday, appearing to dash the hopes of the country's new government.
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Greek emergency funding would be a decision for ECB council: Constancio
Greek bank stocks (BOPr.AT)(NBGr.AT)(ACBr.AT) have plunged this week in the wake of the election victory of the anti-bailout party Syriza, with some ...
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Greece: Syriza, austerity and the media
Greece has just elected a left-wing coalition party called Syriza led by the new Prime Minister, Alexis Tsipras. Politicians are known to make campaign ...
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Tsipras Targets Deal With Euro Area After Market Selloff
Greece will repay its debts to the European Central Bank and the International Monetary Fund and reach a deal “soon” with the euro-area nations that ...
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Merkel: No Relaxing Of Terms On Greek Debt
German Chancellor Angela Merkel has rejected any renegotiation of Greek debt after last week's election that brought an anti-austerity party into ...
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Germany, ECB play hard ball with Greece
Separately, the French finance ministry said on Saturday that Greek Finance Minister Yanis Varoufakis will meet with his French counterpart Michel ...
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Death threats forced me to quit my job, says Greece's top tax man
It was when he received threats that his legs would be smashed that Harry Theoharis really knew he was making enemies. Just months into his job as head of Greece’s tax collection agency, it became clear he was stirring a hornet’s nest with his efforts ...
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Greek FinMin to Meet With French Counterpart on Sunday
Greek Finance Minister Giannis Varoufakis on Sunday will meet with his French counterpart Michel Sapin in Paris at 6:00 pm (Athens time). The two ...
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Greek finance minister seeks support as EU tensions rise
ATHENS, Jan 31 (Reuters) - Greek Finance Minister Yanis Varoufakis brought forward a planned meeting with his French counterpart to Sunday, amid ...
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New Finance Minister Says Greece Is Insolvent
The new Finance Minister of Greece has been making waves. In a meeting with Eurogroup chairman Jeroen Dijsselbloem on January 30th he ...
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Greek PM Tsipras: We Will Fulfill Loan Obligations to ECB and IMF
Greek Prime Minister Alexis Tsipras appeared ready to improve relations with the country's creditors after a week stigmatized by selloff in bonds and ...
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Greek Bailout Plans Hit The Brick Wall Of Merkel And The ECB
As is well known the new insurgent government in Greece has plans to renegotiate the Greek bailout. Something which seems fair enough really: they ...
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Greek Banks May Lose ECB Credit, Says Policy Maker Liikanen
HELSINKI—The European Central Bank will stop lending to Greek banks if there is no agreement that will keep the country's bailout program in force, ...
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Angela Merkel rejects any debt writedown for Greece
German chancellor Angela Merkel and her finance minister have ruled out a debt haircut for Greece, rejecting the new Greek government’s demand to write off part of its €320 billion ($360 billion) debt. “There was already a voluntary waiver by private ...
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Greece Starts Countdown to Cash Crunch Saying Bailout Over
The new government may be operating without a financial safety net for the first time in five years by March after Varoufakis challenged the euro area to agree to a new framework of support that allows for more spending. Greece won’t engage with officials from the troika who have been policing the conditions of its rescue since 2010, he said at a joint press conference with Eurogroup Chief ...
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Greece, EU creditors in open dispute over debt demands
Greece and its European bailout creditors were in open dispute Friday, with Germany bluntly rejecting suggestions the heavily indebted country should be forgiven part of its rescue loans and warning against "blackmail" from Athens. Greece's five-day-old ...
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Buoyed by Greek vote, Spain's Podemos calls mass rally
Buoyed by its Greek ally Syriza's victory, Spanish protest party Podemos kicks off election year with a mass rally Saturday, vowing to defeat a political elite it brands corrupt. The timing of Syriza's victory in Greece's snap vote on January 25 has proved ...
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As Greece and EU Clash, Clues on Deal Emerge
ATHENS—Greece’s finance minister and a representative of its European creditors exchanged grimaces, tough rhetoric and a frosty farewell on Friday, capping a week in which Athens’s new antiausterity government roiled its eurozone paymasters almost daily.
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Angela Merkel rules out cancelling any more Greek debt
German chancellor says she will show solidarity with Greece but adds: ‘I do not envisage fresh debt cancellation’The German chancellor, Angela Merkel, has ruled out cancelling more of Greece’s debt, saying the country has already received billions of cuts from bankers and creditors.Merkel’s intervention comes after the Greek finance minister, Yanis Varoufakis, refused to work with the troika of lenders – the European commission, European Central Bank and International Monetary Fund – to renegotiate the terms of the debt-ridden country’s €240bn (£180bn) bailout programme. Related: Greece’s finance minister vows to shun officials from troika Continue reading...
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Angela Merkel must accept that her austerity policy is now in tatters
Syriza’s victory in Greece has produced an unambiguous defeat for the German chancellor and her strategy for sustaining the euroNot long ago, German politicians and journalists confidently declared that the euro crisis was over; Germany and the European Union, they believed, had weathered the storm. Today, we know that this was just another mistake in a continuing crisis. The latest error, as with most of the earlier ones, stemmed from wishful thinking – and, once again, it is Greece that has broken the reverie.Even before the leftist Syriza party’s overwhelming victory in the recent Greek election it was obvious that, far from being over, the crisis was threatening to worsen. Austerity – the policy of saving your way out of a demand shortfall – simply does not work. In a shrinking economy, a country’s debt-to-GDP ratio rises rather than falls, and Europe’s recession-ridden crisis countries have now saved themselves into a depression, resulting in mass unemployment, alarming levels of poverty and scant hope. Continue reading...
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Greek government rejects any debt negotiations with ‘anti-European’ troika
Greece has rejected any further dealings with the troika, sparking fears of major tensions in negotiations with Europe in the weeks ahead and potential financial upheaval. The new government does not plan to deal with the troika – the EU Commission, ECB ...
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Greece Seeks To Reassure Europe As Tensions Rise
By James Mackenzie and Renee Maltezou ATHENS, Jan 31 (Reuters) - New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens was seeking an agreement. The new government in Athens made clear from its first day in power that it would not back down on its election pledges to abandon the austerity policies imposed under the bailout agreement sealed by the last government. But facing growing disquiet from partners led by Germany, Tsipras rang European Central Bank President Mario Draghi on Friday night to assure him that Athens was seeking an accord, a government official said. "The discussion was conducted in a good spirit and it was confirmed that there's a willingness to find a mutually beneficial solution for Greece and for Europe," said the official, who spoke on condition of anonymity. He also spoke to Jeroen Disselbloem, head of the euro zone finance ministers' group who ended a visit to Athens on Friday with a thunderous expression after an apparently scratchy exchange with Greek Finance Minister Yanis Varoufakis. The official said Dijsselbloem had called Tsipras to reassure him that despite minor signs of tension, the negotiations would continue. After halting some privatizations and announcing plans to reinstate thousands of public sector workers laid off under the bailout, the government confirmed on Friday it was not interested in renewing the bailout deal when it expires on Feb. 28. With German politicians from Chancellor Angela Merkel down repeating daily that Athens must respect the bailout accord with the European Union and International Monetary Fund "troika," Tsipras and his finance minister begin lobbying for support in other European capitals on Sunday. Varoufakis meets his French counterpart Michel Sapin in Paris before traveling to London the next day. Tsipras, whose first foreign visit will be to Cyprus, will join him on Tuesday in Rome before meeting European Commission President Jean-Claude Juncker and French President Francois Hollande on Wednesday. France and Italy, the two governments that have pushed hardest to loosen the strict budget austerity imposed at the start of the euro zone crisis, may offer Varoufakis and Tsipras a sympathetic ear when they visit. But they have both said they would not accept the new leftwing government's call for a "haircut," writing down part of Greece's 320 billion euro debt and potentially exposing their own Treasuries to billions of euros of losses. Varoufakis told Dijsselbloem on Friday that Athens did not want an extension to the bailout but a new accord and would not deal with the troika mission overseeing the bailout. On Saturday, he told the weekly Agora newspaper that Greece needs "fiscal breathing space" with a bridging deal of a few weeks while a new agreement with creditors is worked out and economic reforms including a crack down on tax evasion begin. With both sides keen to prevent tensions during the first few days of the Tsipras government slipping out of control, he warned against "verbal fetishism" and said the differences could be overcome. While there was resistance in Europe to a straight haircut on the face value of the debt, there was more willingness to explore other options including extending maturities or cutting interest payments that could have the same effect. In an interview with German weekly magazine Der Spiegel, Greek Economy Minister Georgios Stathakis said it would be better to link the country's debt repayments to its economic growth rate as it needs a feasible solution to bring its sovereign debt under control. Athens faces about 10 billion euros ($11 billion) in repayments this summer and is shut out of international bond markets while it waits for a final bailout tranche from international lenders of 7.2 billion. WARNING ON ECB FUNDING TO BANKS Highlighting the risks Athens faces if no deal is reached by the Feb. 28 deadline, European Central Bank Governing Council member Erkki Liikanen said Greek banks, already facing serious deposit outflows, would be cut off from ECB lending. As well as ensuring continued ECB support for the banks, agreement is needed for some 7 billion euros in funds to be released. Without the funds, Greece would probably be unable to meet 10 billion euros in debt repayments that fall due between June and September. However, Merkel repeated that further debt cancellations were unacceptable and Athens would have to respect its obligations. Varoufakis said Greece would continue to issue new short-term T-Bills while talks proceed, even though Athens has already reached a 15 billion euro issuance limit agreed with the troika. But that would do little to prevent the crisis that could ensue if the banks lost support from the ECB and the issue is likely to feature heavily in discussions next week. With financial markets on edge, Greek banking stocks have fallen by nearly 40 percent since Sunday's elections. Following his finance minister's visit to Paris on Sunday and to London on Monday, Tsipras himself will visit Rome on Tuesday to meet Italian Prime Minister Matteo Renzi and Paris on Wednesday, where he will meet President Francois Hollande. Notably absent from the list of destinations was Berlin or Frankfurt. ($1 = 0.8861 euros) (Reporting by Renee Maltezou; writing by James Mackenzie; Editing by Dominic Evans and Stephen Powell)
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Tsipras’ Hard Left Risks The Great Divide With EU
The first week of the new Greek government did not go well, roiling the markets, opening a new rift with Europe over international bailouts - and Russia. The post Tsipras’ Hard Left Risks The Great Divide With EU appeared first on The National Herald.
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Greece ranks 29th among 50 countries in innovation
Greece ranks 29th among 50 countries included in Bloomberg’s 2015 world innovation index, the data showed on Friday. The country finds only Portugal behind it among Western European countries, while it leads over Eastern European countries. The ranking ...
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Schulz: ‘Irresponsible’ Greek government not to stick to its financial obligations
The President of the European Parliament Martin Schultz says in an interview in German Frankfurter Allgemeine Zeitung that “it would be irresponsible if the Greek government refuses to cooperate with its partners and lenders”. Schultz stresses that “Greece should stick to ...
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Greek PM Tsipras Calls ECB's Draghi To Reassure Over Talks
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras called ECB President Mario Draghi to reassure him that his new government wanted a solution with international partners over its demands to renegotiate its bailout accord, a government official said on Saturday.The official, who spoke on condition of anonymity, said Tsipras called Draghi on Friday night after a tense meeting between his finance minister Yanis Varoufakis and Jeroen Dijsselbloem, the head of the euro zone group of finance ministers."The discussion was conducted in a good spirit and it was confirmed that there's a willingness to find a mutually beneficial solution for Greece and for Europe," the official said.An ECB spokesman declined to comment.(Reporting by Renee Maltezou; Editing by James Mackenzie)Join the conversation about this story »
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German Chancellor Rules Out More Debt Relief For Greece After Anti-Austerity Victory
German Chancellor Angela Merkel said on Saturday she had no plans to cancel Greece's debt, noting that there have already been substantial cuts.
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Europe's political order is being challenged
Everything that exists, taught Aristotle, is the same as itself, and is different from everything else. During the hot years of the euro crisis, leaders of the most troubled economies sought desperately to remind investors of this eternal truth. Portugal, insisted its politicians, was not Greece. Nor was Spain Portugal, Italy Spain or France Italy. In short, the problems of one country were distinct from those of others. Yet the bond markets, disinclined to follow ancient wisdom, saw things differently. The contagion caused by spiralling borrowing costs leaping from one country to the next was one of the most alarming features of the crisis--and it explained how problems in tiny Greece could threaten the single currency as a whole. For a time, whenever a finance minister assured investors that his country was different, one could bet that it would suffer the same treatment. Lately the euro zone has appeared better protected. In June 2012, with Greece in political turmoil, yields on Spanish ten-year bonds topped 7%. This week they were near record lows, despite the election of an explicitly anti-austerity government in Greece. The early antics of Alexis Tsipras, the new Greek prime minister, spooked markets and again raised fears of Grexit. But the channels of contagion have narrowed, thanks to a partial banking union, a permanent bail-out fund and a restructuring of Greek debt, most of which is now in official hands. Investors at last seem to agree that Spain is Spain, not Greece. Yet voters may be drawing a different conclusion. Over the past year the growth of Syriza in Greece has been mirrored by the rise of Podemos ("We Can") in Spain, a radical far-left party that considers itself to be waging a similar war on German-sponsored austerity. Leftists from across Europe flocked to Greece on election night to savour the sweet taste of Syriza's victory. Sympathetic pundits declared an end to the politics of austerity. Mr Tsipras's decision to form a coalition with an unsavoury bunch of nationalists soured the mood somewhat. But overall, the message seems clear: if financial contagion is now less of a worry, the political sort may just be starting. The ascendancy of Syriza is spreading political fears in two related ways. The first, much fretted over in Berlin and Brussels, is that Greece's euro-zone partners may feel obliged to offer Mr Tsipras goodies as a "reward" for his victory, weakening the hand of reformers in other countries. Such concerns may indeed mean that Mr Tsipras finds it harder than his predecessors to win concessions. The second is that his victory will embolden Podemos and similar parties elsewhere. Spain and Portugal hold elections later this year; Ireland no later than April 2016. Today, polls suggest that anti-austerity parties will do well in all three. Spain has a much larger economy than Greece and a more or less functioning public administration. It has not had to endure years of outsourced governance by the detested "troika"--the European Commission, the European Central Bank and the IMF, which together have enforced the rules of Greece's bail-outs since 2010. Mr Tsipras owes his election largely to public resentment at the austerity imposed by the troika, which he vows to send packing. Barring a bail-out of its banks in 2012, Spain has remained master of its own destiny. And yet the parallels remain striking. In Spain and Greece, both the centre-left and centre-right parties have held office during recent periods of hardship; many voters have therefore concluded that salvation lies in radical alternatives. In both countries public anger has had clear targets: in Spain, the banks, big business and corrupt politicians; in Greece, the architects of austerity and the executors of their policies. Spain and Greece have started to create jobs and growth, but unemployment in both stands at around 25%. For voters, politics-as-usual simply isn't working. Mr Tsipras's rise to power represents a new threat to Europe's German-led economic order, from both the far left and the far right. It is telling that Syriza, which has communist roots, has chosen to link up with the right-wing Independent Greeks: the two parties share little beyond hostility to Greece's treatment at the hands of its creditors. Anti-austerity leftists across Europe cheered Syriza's victory, but so did parties often described as "far-right": Marine Le Pen, leader of France's National Front, called it a "monstrous democratic slap to the EU", and Matteo Salvini, the boss of Italy's resurgent Northern League, said the Greeks had given the EU an "electric shock". Shocked and stirred What populist parties really seek to do, argues José Ignacio Torreblanca, a Madrid-based analyst at the European Council on Foreign Relations, a think-tank, is to change the "axis of competition" in European politics from left v right to insider v outsider. Both Podemos and the National Front meet this description, even if they agree on little else. The weakening of traditional political loyalties opens a door for the populists. Economic stagnation helps their anti-elite case. The EU--plus, in some cases, immigrants--makes a convenient punchbag. And Syriza's victory demonstrates that the old order can be toppled. But it also throws up another test. Mr Tsipras has articulated well the rage of the outsider; now he must display the statesmanship of the insider. If he stumbles and Greece goes up in flames, voters elsewhere may be tempted to shuffle back to the safety of traditional parties. As for mainstream politicians, the lessons are not obvious. It is hard to do politics when an anti-politics mood is abroad. Something will have to give, but most of the old guard still cling to the arguments they know best. A day after Mr Tsipras's win, senior figures from both of Spain's mainstream parties found themselves repeating a mantra that some may have found wearily familiar: that Spain is not Greece. Click here to subscribe to The Economist. Join the conversation about this story »
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Greek PM Tsipras Hits the Road Declaring ‘We Won’t Take a Step Back’
After the barrage of first meetings with European partners’ representatives this week, the Greek government is now preparing for Prime Minister Alexis Tsipras’ upcoming visits to Paris and Brussels that will take place next week. In order to evaluate these first meetings and more specifically the ones with European Parliament President Martin Schulz and Eurogroup President Jeroen Dijsselbloem, a three-hour meeting was held yesterday at the government headquarters under Tsipras and with the participation of the cabinet’s financial staff, including Deputy Prime Minister Giannis Dragasakis and Finance Minister Giannis Varoufakis. Shortly after midnight and while the meeting was completed, government sources highlighted that at the end of the day the outcome was positive for the newly elected government, which will continue to seek a viable solution both for Greece and for Europe. The Greek Premier is about to hold consecutive meetings with European counterparts, aiming to communicate the government’s consistent positions, declaring that in any case the new government is willing to remain steady on its commitments to the Greek people and their fresh mandate to do so. “We will not lose the people’s support,” Tsipras said and this will be a central point in his upcoming moves while meeting European political leaders. Specifically, on Tuesday, February 3, the Greek Premier is scheduled to meet with his Italian counterpart, Matteo Renzi, in Rome, just one day after his first official visit abroad, in Nicosia. On Wednesday, he is expected to travel to Paris where he will meet with French President Francois Hollande, while after that he will go to Brussels and meet with European Commission President Jean-Claude Juncker. French Agriculture Minister Stephane Le Foll, commenting on Tsipras’ upcoming visit to Paris, said that he expects a discussion in a “comprehensive manner” in all aspects raised by the Greek side, including growth and debt issues, which will be examined in depth. “France is prepared to discuss, negotiate and engage in a dialogue that will allow us to find solutions,” although, as he pointed out, “there will not be discussions related to the removal of the Greek debt.” On his behalf, the French President has already stated that “the commitments which have been undertaken by the Greek state must be respected.”
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White House Is Willing to Become Mediator Between Greece and EU
In an indirect intervention in favor of Greece, in the dispute with the Europeans, proceeded earlier today the White House, during the daily press briefing. According to Washington-based Greek journalist Michalis Ignatiou, the White House intents to assume the role of mediator in order to solve the differences between Greece and its European partners. The White House representative received the following question: “This week, the Greek government is holding talks with the Europeans. Yesterday, the White House issued a statement regarding the United States President’s conversation with the new Greek Prime Minister. What is the White House reaction to the new Greek government’s statement that it will not work with the IMF and the European lenders to lengthen the repayment?” The White House spokesperson replied as follows: “I have no particular reaction to that statement. In general, I can say that the President telephoned Prime Minister Alexis Tsipras earlier this week, because as you know, the US is working closely with the EU and the Greeks for many years in an attempt to resolve the economic and financial instability we have seen in Europe. And therein, this instability has implications and consequences on both the United States and the global economy. Therefore, we will continue to work closely with the European Union, and that means working with the new Greek government, trying to resolve these differences and restore Greece, Europe and the global economy to growth and prosperity, because ultimately this will be to the best interest of the US economy.”
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Greece hires Lazard to advise on debt ahead of talks
Greece used Lazard during talks in 2012 over private sector involvement ... Europe's bailout programme for Greece, part of a 240-billion-euro ($270 ...
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Greece's new prime minister says he won't clash with creditors, will pay debts off
A day after Greece appeared on a collision course with its creditors, new radical left Prime Minister Alexis Tsipras has tamped down the rhetoric by vowing to pay off debts and not act unilaterally.
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Merkel Says She Doesn’t See Another Greek Debt Cut
BERLIN — German Chancellor Angela Merkel has underlined the refusal of Greece’s European creditors to consider forgiving part of the debt-ridden country’s rescue loans, though she stressed in an interview published Saturday that Berlin’s aim is to keep Greece in the eurozone. Greece’s new government insists it will honor pre-election promises to seek a […] The post Merkel Says She Doesn’t See Another Greek Debt Cut appeared first on The National Herald.
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Does Greece Have a Friend in Europe?
I have read the thunderous “NO” of the Germans. I heard their angry voices. I read the brutal statement of the German Finance Minister Schaeuble about Greece: “we are easy to blackmail.” I read the statement of the spokesman of the German Finance Minister, who not only rejected the grand idea of the new Greek […] The post Does Greece Have a Friend in Europe? appeared first on The National Herald.
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My Friend Yanis, The Greek Minister Of Finance
I first met Yanis Varoufakis when he was a senior lecturer (the 3rd step in the 5-tiered Australian system, equivalent to a Professor in the USA) at Sydney University in the late 1980s, and I was a tutor (the 1st step) at the University of New South Wales. We’ve been [...]
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Greek leader tamps down rhetoric, vows to pay off debts
ATHENS, Greece (AP) — A day after Greece appeared on a collision course with its creditors, new radical left Prime Minister Alexis Tsipras has tamped down the rhetoric by vowing to pay off debts and not act unilaterally.
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What did Eurogroup head whisper to Greek minister after frosty meeting?
So what exactly did the head of the Eurogroup whisper to the new Greek finance minister after their first tense meeting in Athens, causing him to say ...
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| READ THE ORIGINAL POST AT www.euronews.com |
Norman Lamont: Syriza's victory in Greece could make life harder for David Cameron
… out Greece at the expense of their taxpayers. Equally, in Greece, Mr … majority of Italians, Spaniards and Greeks wanting to stay in the … politicians will be focused on Greece. Their irritation with what they …
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Greeks like the sound of Syriza talking tough, but hope it has more than just words to offer
Greeks have woken up to the … hundreds of billions of euros Greece owes. “If there is no … , but I would like the Greek government to come up with … , I just know that the Greek people have suffered a lot …
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Greece crisis could derail PM's plans for EU reform, warns Norman Lamont
… politicians will be focused on Greece,” the Conservative peer said. “Their … a radical Left-wing government in Greece earlier this month. On Saturday … stand-off between the new anti-austerity Greek government and Germany is a …
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March For Leftist Party in Madrid Attracts Thousands
Podemos, or 'We Can', hopes to follow in the footsteps of radical leftwing party Syriza, which won power in Greece last weekend
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| READ THE ORIGINAL POST AT time.com |
Greece offers olive branch as search for allies begins
Greece sought to repair relations with its international creditors Saturday as the new anti-austerity government began a charm offensive in European capitals, even as Germany insisted it would not support any debt relief. Just hours before Finance Minister ...
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Dijsselbloem: Greece must decide of how to proceed
Eurogroup soon to decide on Greece- He commends Tsipra’s statements
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ECB's Liikanen: No lending to Greek banks if no deal by end of February
Asked about the possibility of a Greek debt haircut, Liikanen said: "A significant debt restructuring has been carried out with private investors. The ECB ...
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