His eurozone counterparts were livid after the left-wing Greek government called and won an austerity referendum that rejected their proposals for a ...
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| READ THE ORIGINAL POST AT www.startribune.com |
How the world sees Greece
Thursday, July 9, 2015
Tasked with closing bailout deal, new Greek finance chief brings much-needed diplomatic touch
EU sets July 20 deadline to reach deal on migration
By Francesco Guarascio LUXEMBOURG (Reuters) - The European Union failed on Thursday to reach a deal to resolve a migration crisis in the Mediterranean, and instead set a deadline for July 20 to find agreement on how to share out 40,000 asylum seekers currently in Italy and Greece. "We made progress but we are not there yet," Dimitris Avramopoulos, the European Commissioner responsible for migration, told reporters after a meeting of European interior ministers in Luxembourg. The European Commission, the EU's executive arm, proposed in May to relocate 60,000 refugees over the next two years.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Why are Greeks so sure that a deal will get done?
To many observers outside of Athens, the prospect of Greece leaving the eurozone is a matter of when, not if. Recommended: Think you know Europe? Both Greeks and Europeans have experienced a roller coaster of emotional highs and lows as news of the negotiations trickles out of Athens, Berlin, and Brussels.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Greek government to seek parliament approval for negotiations on Friday
The Greek government will ask for parliament's approval on Friday to negotiate on the text of "prior actions" that could form the basis of a cash-for-reforms deal with the country's international creditors, a government source said. As Greece races to stave off bankruptcy, its creditors want Athens to pass laws on reforms as "prior actions" to convince the international lenders of the government's intent. There will be one vote on whether to authorise the government to use the text as a basis for talks, the source said.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
World growth forecast cut for 2015
THE International Monetary Fund has cut its global economic growth forecast for this year but it is the US and not Greece that is to blame.
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| READ THE ORIGINAL POST AT www.news.com.au |
Draghi Says This Time It's Difficult to Find Greek Solution
European Central Bank President Mario Draghi suggested the Greek debt crisis is getting increasingly hard to fix, speaking hours before the ECB ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
IMF Warns of Tougher Future Conditions in Greece
The International Monetary Fund (IMF) foresees challenging times ahead for Greece. In the World Economic Outlook Update released on Thursday, the Fund holds optimistic expectations for the Eurozone, but not for Greece. “The economic recovery in the euro area seems broadly on track, with a generally robust recovery in domestic demand and inflation beginning to increase. Growth projections have been revised upward for many euro area economies, but in Greece, unfolding developments are likely to take a much heavier toll on activity relative to earlier expectations,” the report said. The report also noted that the effects of the Greek crisis have generally been contained while it stressed the negative aftermath of events of the past two weeks in Greece. “More recently, the bank holiday in Greece and subsequent referendum, along with increased uncertainty about the prospects and nature of any future support from the international community, have led to sharply higher spreads on Greek sovereign bonds, especially at short maturities,” it stated. The report projected a 3.3% global growth rate in 2015 and 3.8% in 2016.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
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