Greek Prime Minister Alexis Tsipras has announced that he would submit his resignation from post before snap general elections in September, local media reported on Thursday.
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| READ THE ORIGINAL POST AT www.globaltimes.cn |
How the world sees Greece
Thursday, August 20, 2015
Greek PM says to resign from post before snap general elections: media reports
Kos migrants resentment at 'special treatment' afforded to Syrian refugees
In the shade of the thick stone walls of Kos Castle, the walkway to the ferry terminal was lined with new arrivals, many from Syria – some of the thousands of refugees and migrants on Kos waiting for a way off the Greek island. Some tried to get clean by washing in the sea, and draped nearby railings with wet clothing and towels.
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| READ THE ORIGINAL POST AT www.independent.co.uk |
Intl media on snap election announcement
Speculation rife on next day for battered Greece and its shambolic political system
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| READ THE ORIGINAL POST AT en.protothema.gr |
Alexis Tsipras, Greek prime minister, resigning, calling early elections
ATHENS — Greek Prime Minister Alexis Tsipras says he is stepping down and calling early elections after suffering a rebellion within his left-wing ...
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| READ THE ORIGINAL POST AT www.washingtontimes.com |
Greek PM Tsipras Resigning to Open Way for Snap Vote
Greece's Prime Minister Alexis Tsipras said on Thursday that he will resign immediately, opening the way for early elections, ekathimerini.com reported. Tsipras, who made the announcement in a televised address to the nation, is due to hand his resignation to President Prokopis Pavlopoulos later on Thursday. The snap election is expected to take place on 20 September, according to earlier Greek media reports. Tsipras, leader of leftist SYRIZA party, took office as prime minister on 26 January. His coalition government has the support of less 120 members of the 300-seat parliament and has to rely on opoposition MPs to pass legislation. With a third bailout deal with Greece's creditors now secured, Tsipras said it's his moral duty to go to the polls. The terms of the bailout deal that include painful austerity measures such as tax hikes and pension cuts have angered some members of SYRIZA, denting support for the party in parliament. The new parliamentary elections, the sixth in eight years, “will plunge Greece back into short-term political uncertainty but they could allow Tsipras to capitalise on his enduring popularity in the hope of yielding a more stable government that is not held back by far-left critics of the rescue terms,” the Financial Times commented in its coverage of the news.
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Macedonian army seals Greek border crossings
Army attempts to block land route to western Europe
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| READ THE ORIGINAL POST AT www.ft.com |
Greece's economy set for long-term pain. So why is Tsipras smiling?
Paris; and Athens — Greece took a significant step away from economic collapse today with its debt repayment of 3.2 billion euros ($3.5 billion).
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| READ THE ORIGINAL POST AT www.csmonitor.com |
Greece's Tsipras resigns, calls early elections
ATHENS, Greece — Greek Prime Minister Alexis Tsipras announced his government's resignation and called early elections Thursday, an attempt to ...
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| READ THE ORIGINAL POST AT www.sunherald.com |
Greek prime minister calls elections after party rebellion
ATHENS, Greece (AP) — Greek Prime Minister Alexis Tsipras resigned Thursday and called early elections, an attempt to get a new, stronger mandate to implement a three-year bailout program that sparked a rebellion within his radical left party.In a televised address to the nation, Tsipras said his government had gotten the best deal possible for the country when it agreed to an 86 billion euro ($95 billion) bailout from other eurozone countries.The rescue was all that kept Greece from a disastrous exit from the euro but came with strict terms to cut spending and raise taxes — the very measures Tsipras had pledged to fight when he won elections in January.His U-turn in accepting the demands by the country's creditors led to outrage among hardliners in his Syriza party, with dozens voting against him during the bailout's ratification in parliament last week, which was approved thanks to support from opposition parties.Tsipras has insisted that although he disagrees with the conditions of the bailout terms, he had no choice but to accept and implement them to keep Greece in the euro, which the vast majority of Greeks want.With the country's finances now secured, Tsipras said he felt obliged to let the Greek people evaluate his work."Now that this difficult cycle has ended ... I feel the deep moral and political obligation to set before your judgment everything I have done, both right and wrong, the achievements and the omissions," he said in the address. "The popular mandate I received on January 25 has exhausted its limits."Tsipras formally submitted his resignation to the country's president, Prokopis Pavlopoulos to begin the election process. This will involve letting the two main opposition parties — the conservative New Democracy and the Nazi-inspired Golden Dawn — try to form a government. Each party can spend up to three days trying to do so, and New Democracy leader Evangelos Meimarakis said he will use his available time. Neither party, however, is expected to have the support in parliament to be able to form a government.Tsipras did not mention a date for the election, although it will have to be held within the next month, with government officials saying Sept. 20 is the likeliest date.The European Union's executive Commission said it "takes note" of the election announcement. "Broad support for (bailout deal) and sticking to commitments will be key for success," spokeswoman Annika Breidthardt said in a tweet.Tsipras had delayed a decision on whether to call new elections until after Greece received the first installment from the bailout and made a debt repayment to the European Central Bank, both of which it did Thursday.Despite his policy U-turn, Tsipras continues to enjoy popular support and was far ahead of his opposition rivals in opinion polls, although none have been published since the bailout agreement was finalized.Tsipras will also be calculating that he might get a better election result if polls are held before voters feel the impact of the steep tax hikes and spending cuts demanded by the bailout program.In his Thursday night address, he acknowledged the bailout deal was not what his anti-austerity government had wanted."I wish to be fully frank with you. We did not achieve the agreement that we were hoping for before the January elections," he said. "But ... (the agreement we have) was the best anyone could have achieved. We are obliged to observe this agreement, but at the same time we will do our utmost to minimize its negative consequences. Our target will be to regain our sovereignty from our creditors as soon as possible."If Tsipras wins the elections, a new mandate will allow him to move away from the hardliners in his party, some of whom have openly advocated leaving the euro and returning to the drachma. The hardliners, including prominent members such as former energy minister Panagiotis Lafazanis and possibly the flamboyant former finance minister, Yanis Varoufakis, are likely to split from Syriza.Some analysts took the reports of early elections as an indication that Greece will struggle to implement the terms of its bailout."Given its anti-austerity roots, the remaining Syriza party will still struggle to implement the demanding bailout conditions, especially in the likely event that Greece sinks further into recession," said Jennifer McKeown, senior European economist at Capital Economics. "And major reforms seem unlikely to be passed in the period running up to the election."However, initial reaction from European authorities appeared cautiously optimistic. Martin Selmayr, head of the cabinet of European Commission President Jean-Claude Juncker, tweeted that quick elections "can be a way to broaden support for (the bailout) stability support program."The political uncertainty took its toll on the market, with the Athens Stock Exchange closing 3.5 percent on election speculation."For the stock markets it is a factor of uncertainty," said analyst Evangelos Sioutis, head of equities at Guardian Trust Securities.Greek banking is still restricted under capital controls imposed in late June to stem a bank run sparked after Tsipras called a referendum on creditor proposals for reforms following a breakdown in bailout negotiations. There are weekly limits on cash withdrawals and Greeks can only transfer up to 500 euros abroad per month. Companies have faced problems paying suppliers abroad, with all international payments requiring a laborious process of approval by a special finance ministry committee."Greece has capital controls, the economy is choking, and we will now have uncertainty from elections, so you understand that it has been a difficult month," Sioutis said.____Lorne Cook in Brussels, Costas Kantouris in Thessaloniki, Greece and Raphael Kominis in Athens contributed to this report.Join the conversation about this story »
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Greek PM Alexis Tsipras steps down, calls early Greek elections
Greek prime minister Alexis Tsipras has said he is stepping down and calling early elections after suffering a rebellion within his left-wing Syriza party over the country' new bailout programme. In a televised address to the nation, Mr Tsipras defended ...
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| READ THE ORIGINAL POST AT www.independent.ie |
Greece pays back loan to ECB after bailout
Greece has received an initial payment from a new aid package agreed by its European partners. The government in Athens confirmed it used part of the fresh money to pay back some debt owed to the European Central Bank.
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| READ THE ORIGINAL POST AT www.dw.com |
Greek PM resigns and calls for snap polls
Following Alexis Tsipras' address to the nation, government sources say snap poll likely to be held on September 20.
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| READ THE ORIGINAL POST AT www.aljazeera.com |
Alexis Tsipras announces his cabinet's resignation
ATHENS, August 20. /TASS/. Greek cabinet of ministers led by Alexis Tsipras is resigning, the prime minister said in a televised address to the nation.
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| READ THE ORIGINAL POST AT tass.ru |
Greek Premier Resigns, Clearing Way for Snap Elections
Greek Prime Minister Alexis Tsipras resigned, clearing the way for early elections in a gamble aimed at bolstering his power and ability to implement Greece’s bailout deal.
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| READ THE ORIGINAL POST AT www.wsj.com |
Why Snap Elections In Greece Are Smart Bet For Teflon Tsipras
The politician of twists and turns has broken most of his campaign promises. But he'll still likely win when polls are held next month
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| READ THE ORIGINAL POST AT time.com |
Dr. Spiro Demetis, Plato Pillar, Was 58
BROOKLYN – Parents, students, teachers, Chairman Basil Danas and other Board members of the Greek afternoon school Plato (in Brooklyn), colleagues, patients, relatives, and friends gathered on the evening of August 16 at the Andrew Torregrossa & Sons Funeral Home in Brooklyn to venerate the mortal remains of Dr. Spiro Demetis and express sincere and […] The post Dr. Spiro Demetis, Plato Pillar, Was 58 appeared first on The National Herald.
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Dijsselbloem: Greek elections must not derail bailout deal
#economy
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| READ THE ORIGINAL POST AT en.enikos.gr |
EU calls on Greece to stick with reforms, stresses positives
By Alastair Macdonald BRUSSELS (Reuters) - The European Commission urged Greece to stick to commitments it has made to reform its economy as Prime Minister Alexis Tsipras called a snap election within hours of new EU bailout cash arriving in Athens. "It is crucial that Greece maintains its commitments to the euro zone," said Dutch Finance Minister Jeroen Dijsselbloem, who as chair of his euro zone peers, led talks on a new 86 billion-euro facility agreed last Friday. "I recall the broad support in the Greek parliament for the new programme and reform package and I hope the elections will lead to even more support in the new Greek parliament.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Greek PM Steps Down, Calls New Elections, In Wake Of Bailout Deal
Alexis Tsipras, fresh from a bruising battle to push a European bailout plan through parliament, will resign ahead of fresh elections set for Sept. 20.
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| READ THE ORIGINAL POST AT www.npr.org |
Another Greek vote
ALEXIS TSIPRAS, Greece's prime minister, resigned on Thursday August 20th and called a snap election, to be overseen by an interim administration.
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| READ THE ORIGINAL POST AT www.economist.com |
German firm to run Greek airports as sell-off begins
A German firm was this week chosen to take over 14 Greek airports as Athens begins selling off its assets to meet the terms of its bailout deal. It is not the first time Greece’s economic crisis has boosted the coffers of its biggest creditor.
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| READ THE ORIGINAL POST AT www.france24.com |
Greek PM resigns to trigger snap elections
Greece will head back to the polling booths as Alexis Tsipras decides to resign to tackle dissent within his own party over the bailoutLatest: Tsipras gives live TV address - highlights start hereGreek PM resignsElection likely on 20 SeptemberTsipras keen to tackle rebellion in Syriza partyGreece to get first female PMAthens stock market slides 3% 7.06pm BST And that’s it. 6.53pm BST I am proud of our time in office, says Tsipras, adding that Europe is not the same since Syriza took power in late January. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greek bailout: Alexis Tsipras steps down to trigger new elections
Prime minister announces his resignation and paves way for general election, with 20 September predicted as most likely date for a pollSeven months after he was elected on a promise to overturn austerity, the Greek prime minister, Alexis Tsipras, has announced he is stepping down to pave the way for snap elections next month. As the debt-crippled country received the first tranche of a punishing new €86bn (£61bn) bailout, Tsipras said on Thursday he felt “a moral obligation to place this deal in front of the people, to allow them to judge ... both what I have achieved, and my mistakes”. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greek prime minister resigns, calls snap elections to shore up support
BRUSSELS — Greek Prime Minister Alexis Tsipras resigned on Thursday, calling snap elections in his economically embattled nation in a bid to ...
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| READ THE ORIGINAL POST AT www.washingtonpost.com |
Another Greek vote
ALEXIS TSIPRAS, Greece's prime minister, resigned on Thursday August 20th and called a snap election, to be overseen by an interim administration.
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| READ THE ORIGINAL POST AT www.economist.com |
Tsipras set to resign ahead of Sept. 20 Greek election, reports suggest
Media reports suggest Greek Prime Minister Alexis Tsipras will resign this evening and spark an election for Sept. 20. Various European media cite an ...
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| READ THE ORIGINAL POST AT www.cbc.ca |
Greek leader Tsipras says he is stepping down
Greek Prime Minister Alexis Tsipras gestures as he speaks during a press conference at the Greek Ministry of Infrastructure, Transport and Networks in ...
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| READ THE ORIGINAL POST AT www.scpr.org |
Stock market correction: is this a new global financial crisis?
Shares and stocks are tumbling around the world, with investors worried that the next global crisis has begun in emerging markets and China. It’s a good question, and a brave betSell in May and go away, don’t come back until St Leger’s Day. So goes the old stockmarket adage and rarely has the first part of that advice been more apposite than this year. The FTSE 100 index peaked on 27 April, just before the general election, and has been on the slide ever since. It is now down more than 10% from its peak, so fulfilling the definition of a correction.On the face of it, there seems to have been no real reason for the slide in the FTSE 100 over the summer. Markets should have been cheered by the return of a majority Conservative government in the May general election. The economy grew by 0.7% in the second quarter and continues to be boosted by ultra-low interest rates. That, too, should be a source of comfort. Cash and gilts don’t obviously represent a better place for investors to put their money. The crisis in Greece has abated, if only temporarily. Yet, the sell-off has continued. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Small Greek islands struggle amid migrant surge
I am outraged (yet again) at the spending priorities of this government. While the UK is spending £22m to prevent a relatively small number of desperate people from seeking asylum in the UK (Calais crisis: British police to be deployed to target people-smuggling, 20 August), I am on Agathonisi, an idyllic Dodecanese island 10 miles off the Turkish coast, with a population of 180, which is hosting hundreds of refugees. While the big islands, Kos and Lesbos, get all the attention, the plight of the small islands is ignored.Every day hundreds of refugees, mostly Syrian, arrive on the shores of the island. The islanders are sympathetic to their plight and give them food, drink and clothing, but there are no facilities to provide for such large numbers. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greek elections: Alexis Tsipras makes a calculated gamble
Despite U-turns and a split party the charismatic and still-popular PM is betting Greek voters will back him before the new round of austerity bitesAll elections come with an element of risk from which Alexis Tsipras, the Greek prime minister, will not be exempted. Will cruel fate reduce him to a footnote in history or will his calculated gamble pay off?After seven months of rollercoaster drama under his stewardship, there is limited appetite for yet more ructions. Above all, the electorate is exhausted – worn out by austerity and politicians flip-flopping over policies that have hollowed out their country over five long years. Greeks will go to the polls with their economy in tatters, capital controls in force, their international reputation shattered, their political system more unstable than ever before. To a great degree Tsipras, their first leader from the radical left, is to blame for this. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greek Crisis: Agistri Island's 'Supermodel' TV Project Could Raise Fortunes In Cryptocurrency Twist
In the wake of a third financial bailout for Greece, one small Greek island is going to what might be described as extreme lengths to put itself back on the tourist map. Piloting Blockchain and digital currency at the end of summer, Agistri island is now being touted as a [...]
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| READ THE ORIGINAL POST AT www.forbes.com |
European Commission President’s Head of Cabinet Optimistic about Greek Snap Elections
With Greek snap elections all but officially announced, Martin Selmayr, European Commission President Jean Claude Juncker’s Cabinet highlighted the positive effects of the anticipated elections. “Swift elections in Greece can be a way to broaden support for ESM stability support program just signed by PM Tsipras on behalf of Greece,” he wrote on Twitter. Greek Prime
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Eurogroup's Dijsselbloem hopes Greek elections won't delay reforms
Eurogroup President Jeroen Dijsselbloem said on Thursday he hoped the resignation of Greek Prime Minister Alexis Tsipras and new elections would not delay or derail the bailout package Athens has negotiated with its creditors. "It is crucial that Greece maintains its commitments to the Eurozone," Dijsselbloem said in a statement emailed to Reuters. "I recall the broad support in the Greek parliament for the new program and reform package and I hope the elections will lead to even more support in the new Greek parliament." Dijsselbloem's remarks follow Tsipras's decision to resign and call snap elections earlier on Thursday.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Alexis Tsipras announces his cabinet's resignation
ATHENS, August 20. /TASS/. Greek cabinet of ministers led by Alexis Tsipras is resigning, the prime minister said in a televised address to the nation.
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| READ THE ORIGINAL POST AT tass.ru |
Varoufakis Reveals Deals He Proposed to Greece’s Creditors
Former Greek Finance Minister Yanis Varoufakis published on Thursday two proposals he claims to have made to Greece’s international creditors in May and June. Varoufakis, who resigned from his post on July 6, claims that both proposals, one of which was submitted on May 11 and the other on June 11, were ignored by his Eurogroup counterparts. The documents include
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
FYROM Declares Border State of Emergency
After a continuous influx of migrants and refugees, the government of FYROM declared a state of emergency in the country’s southern border with Greece and northern border with Serbia on Thursday afternoon. FYROM police are currently on the country’s border with Greece in an effort to deter migrants and refugees from entering the country. Red Cross officials
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Tsipras says he is Greece's only option after resigning and calling snap election
… & old parties many Greeks already rejected #Greece— Nick Malkoutzis (@NickMalkoutzis) August … ; now? #greece— Omaira Gill (@OmairaGill) August 20, 2015 14.41 Greek announcement …
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| READ THE ORIGINAL POST AT world.einnews.com |
European Commission President’s Head of Cabinet Optimistic about Greek Snap Elections
With Greek snap elections all but officially announced, Martin Selmayr, European Commission President Jean Claude Juncker’s Cabinet highlighted the positive effects of the anticipated elections. “Swift elections in Greece can be a way to broaden support for ESM stability support program just signed by PM Tsipras on behalf of Greece,” he wrote on Twitter. Greek Prime
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Eurogroup's Dijsselbloem hopes Greek elections won't delay reforms
Eurogroup President Jeroen Dijsselbloem said on Thursday he hoped the resignation of Greek Prime Minister Alexis Tsipras and new elections would not delay or derail the bailout package Athens has negotiated with its creditors. "It is crucial that Greece maintains its commitments to the Eurozone," Dijsselbloem said in a statement emailed to Reuters. "I recall the broad support in the Greek parliament for the new program and reform package and I hope the elections will lead to even more support in the new Greek parliament." Dijsselbloem's remarks follow Tsipras's decision to resign and call snap elections earlier on Thursday.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Greece taps new bailout fund to make €3.2bn payment to ECB
Greece made a €3.2bn payment to the European Central Bank on a maturing government bond on Thursday, tapping cash from its first disbursement of bailout money, a senior government official said. "The payment was made, the funds are on their way," the ...
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| READ THE ORIGINAL POST AT www.independent.ie |
Greek PM Tsipras Says He Wants a Fresh People’s Mandate and Calls Elections
Greek Prime Minister Alexis Tsipras announced early elections on September 20 asking Greek people to give SYRIZA a fresh mandate for a “free, democratic and socially just Greece.” In his 14-minute speech Tsipras reviewed and praised the Greek government’s work in securing a new bailout agreement that saved Greece from bankruptcy. He said the agreement
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Tsipras calls Greek election for Sept. 20
Greek Prime Minister Alexis Tsipras has called an election for Sept. 20, saying he'll seek to maintain the job.
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| READ THE ORIGINAL POST AT www.cbc.ca |
You know what Greece needs right now? Its third nationwide vote in eight months
Last month, Greek prime minister Alexis Tsipras nearly derailed a new bailout for Greece by calling a national referendum on the rescue's proposed ...
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| READ THE ORIGINAL POST AT qz.com |
Varoufakis Reveals Deals He Proposed to Greece’s Creditors
Former Greek Finance Minister Yanis Varoufakis published on Thursday two proposals he claims to have made to Greece’s international creditors in May and June. Varoufakis, who resigned from his post on July 6, claims that both proposals, one of which was submitted on May 11 and the other on June 11, were ignored by his Eurogroup counterparts. The documents include
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Alexis Tsipras announces his cabinet's resignation
ATHENS, August 20. /TASS/. Greek cabinet of ministers led by Alexis Tsipras is resigning, the prime minister said in a televised address to the nation.
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| READ THE ORIGINAL POST AT tass.ru |
FYROM Declares Border State of Emergency
After a continuous influx of migrants and refugees, the government of FYROM declared a state of emergency in the country’s southern border with Greece and northern border with Serbia on Thursday afternoon. FYROM police are currently on the country’s border with Greece in an effort to deter migrants and refugees from entering the country. Red Cross officials
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Tsipras says he is Greece's only option after resigning and calling snap election
… & old parties many Greeks already rejected #Greece— Nick Malkoutzis (@NickMalkoutzis) August … ; now? #greece— Omaira Gill (@OmairaGill) August 20, 2015 14.41 Greek announcement …
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| READ THE ORIGINAL POST AT world.einnews.com |
Greek opposition seek to form minority government after Tsipras resigns
… 'll meet Potami & PASOK leaders, as well as other … & old parties many Greeks already rejected #Greece— Nick Malkoutzis (@NickMalkoutzis) August … ; now? #greece— Omaira Gill (@OmairaGill) August 20, 2015 14.41 Greek announcement …
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| READ THE ORIGINAL POST AT world.einnews.com |
Greek leader Tsipras calls elections after party rebellion
ATHENS, Greece (AP) — Greek Prime Minister Alexis Tsipras announced his government's resignation and called early elections Thursday, an attempt to get a new mandate to implement a three-year bailout program that sparked a rebellion within his radical left party.
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| READ THE ORIGINAL POST AT hosted2.ap.org |
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