Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain. Staged against a backdrop of shuttered
As the ruling Coalition of the Radical Left (Syriza) vocally demands the Greek people vote “no” on a referendum regarding European Union debt repayment terms on Sunday, an unlikely voice has emerged representing the opposition “yes” vote, interpreted as a vote in favor of keeping the Euro as currency and remaining in the Euro: electro-pop megastar Sakis Rouvas.
The UK Independence Party leader Nigel Farage has issued a call for the Greek people to call the European Union’s bluff and “vote no” in the referendum scheduled for tomorrow. Polls will open in Greece at 7am on Sunday, with
Many in Greece and across Europe are coming to terms with the reality that the debt-ridden country may soon have to leave the euro. With Greeks due to go to the polls tomorrow to decide whether to accept the terms
Thom Feeney, a 29-year-old London shoe shop worker, has raised almost a million dollars in an effort to help Greece pay off its debt to the International Monetary Fund (IMF). As of the time of this writing, Feeney had raised nearly $970,000 through an IndieGoGo campaign.
As Greece stands on the brink of economic collapse, we bring you the latest images from the crisis-hit country. Read more here.
As the Greek crisis comes to a head, German Finance Minister Wolfgang Schäuble has admitted for the first time that Greece may leave the euro “temporarily”. Speaking to Bild, the German minister said: “Greece is a member of the eurozone.
Contents: Greece heads for further chaos with referendum on Sunday; IMF report on Greece raising concerns about IMF’s credibility; China hunts for ‘stock manipulators’ as market crashes
Greece is on the brink of ruin as food and medicine run short and banks struggle to stay afloat. Banks claimed they had €1bn of cash left to see them through the weekend, just €90 per head, and need immediate
Police report that they have arrested double the number of illegal immigrants at Czech international airports as they did last year. Most of the aliens were arrested at Prague’s international airport, and a sizeable number of them arrived on planes from Turkey and Greece.
Illegal migrants trapped in Turkey and hoping to enter the European Union are invigorating that nation’s black market for life vests, useful in crossing the Aegean Sea into Greece. Manufacturers in Izmir, a popular interim destination for refugees, are warning, however, that many black-market life vests are poorly constructed and actually serve to pull the wearer deeper into the water, not keep them afloat.
Supporters of Greece’s bailout terms have taken a wafer-thin lead over the “No” vote backed by the leftist government, 48 hours before a referendum that may determine the country’s future in the euro zone, a poll showed. The opinion poll
A new opinion poll on Greece’s bailout referendum on Sunday pointed to a closely balanced result with a slight lead for the Yes vote in favor of the bailout on 44.8 percent against 43.4 percent for the No vote backed
In the wake of the growing financial crisis, thousands of Greek nationals are fleeing their homeland. Tens of thousands have ended up in Australia. It is the largest wave of migration from Greece to Australia since hundreds of thousands fled the march of fascism in World War II.
Greek Finance Minister, Yanis Varoufakis, earlier told Bloomberg TV “I prefer to cut my arm off” than sign up to a proposal that didn’t include restructuring his country’s debt. As luck would have it the International Monetary Fund (IMF) looks like it sympathises
Athens (AFP) – Greece’s radical left government said Thursday it may resign if it fails to win a referendum that could decide the country’s financial future.
The Greek government said on Wednesday it had no plans to cut defence spending, appearing to contradict a letter sent by Prime Minister Alexis Tsipras to creditors a day earlier offering to “reduce the expenditure ceiling for military spending”.
Support for Spain’s radical leftist Podemos party is falling as the crisis in Greece deepens, latest polls suggest. Since it was founded last year, the party – whose name translates as “We Can” – has generated a huge amount of
Multiple factions within the Turkish government have expressed a willingness to help the Greek government repay its debts to the European Union, from a general statement by Turkish Prime Minister Ahmet Davutoglu that Turkey will do “whatever we can” to help Greece to the nation’s leftist party suggesting a massive loan to the Greek government in solidarity.
The Greek debt crisis shows that Russia must carefully think about how high its own state debt burden is, Finance Minister Anton Siluanov told reporters on Wednesday.
Contents: France reverses policy, will sell advanced defense weapons to Georgia; Greece joins Zimbabwe and Cuba in missing an IMF payment; Congress may enable bankruptcy courts for Puerto Rico; What were you doing last night at 23:59:60?
It has been a difficult week for Greece, whose as-of-yet insurmountable debt to the European Union and International Monetary Fund continues unpaid and with little hope of preventing a default.
Europe’s failure to solve the Greek debt crisis risks lasting damage to the post-war dream of “ever closer union” at a time when it faces new threats on its borders, analysts said. The chaos in Greece comes with European leaders
Boats from Italy, Spain, Ireland, and Britain rescued 2,900 migrants spread across 21 boats from Libya this weekend. This latest rescue means over 68,000 migrants arrived in Italy in the past six months.
Finally a sensible, practical solution to the intractable problems of Greece and the Eurozone. Well, sensible and practical by the standards of all the previous ones… An enterprising soul called Thom Feeney has ridden to the rescue of the Greek
As talks between Greek officials and members of the IMF and European Union approach their conclusion before a potential exit of the Hellenic nation from the eurozone, Chinese officials are suggesting they could play a role in helping Greece pay back its debts. The Greek crisis has negatively affected the Chinese economy, which has invested millions in Greece.
As Greece’s politicians work to agree on a deal with its European creditors that will keep it from default, and the Greek people struggle with newly-imposed capital controls and an increasingly dire economic situation, thousands of migrants from Syria, Afghanistan, and African countries continue to land on Greek shores, pressuring an already crippled economy.
The head of the European Commission made a last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before a referendum on Sunday which EU partners say will be a choice
This article originally appeared at Reuters: EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to
ATHENS, Greece (AP) — The latest news on Greece’s financial woes on a day a big repayment to the International Monetary Fund is due and the country’s bailout program with European creditors ends (all times local): 12.32 p.m. The Kremlin
A crowd of assorted far-left activists gathered in London’s Trafalgar Square last night to rally in “solidarity” with the Greek government. Speaking at the rally were many of the usual suspects including Labour leadership contender Jeremy Corbyn, Green MP Caroline
Contents: Greece’s chaos continues as banks are closed; Turkey considers invasion of Syria to prevent a Kurdish state; Jordan makes plans for Syria invasion to protect its northern border
Syrians are the key actors in the human trafficking organizations that illegally smuggle migrants across the Aegean Sea, from Turkey into the European Union (EU), reports Hurriyet Daily News.
Greek Prime Minister Alexis Tsipras has forced all banks in the country to shut down and limit the amount of money Greeks can withdraw from ATMs. This is in anticipation of a July 5 referendum on whether Greece should accept economic reforms in exchange for a shot at not defaulting on its $271 billion debt to the European Union and the IMF.
EU chief executive Jean-Claude Juncker urged Greeks on Monday to back a cash-for-reform package rejected by their government, saying a ‘no’ vote in Sunday’s referendum would mean Greece was turning its back on the European Union. Following a breakdown of
The climate alarmists, generally the same people who dis the church and its position on abortion, the origin of life on earth, and the definition of marriage, appear practically giddy over Pope Francis’ recently released climate encyclical. Even Al Gore, who admits he was “raised in the Southern Baptist tradition,” has declared he “could become a Catholic because of this pope.”
Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors pushed the austerity-battered country to the brink. After receiving no extra
Greece’s banks will be closed indefinitely, starting on Monday, after the European Central Bank (ECB) announced that it will end liquidity funding that was being used to prevent a Greek banking collapse.
The Greek prime minister’s surprise call for a July 5 referendum for voters to decide whether or not to accept the terms of a bailout deal offered by international creditors prompted the eurozone to reject Greece’s pleas to extend the expiring bailout, various news outlets report.
This morning’s key headlines from GenerationalDynamics.com Furious Eurogroup members plan Greece’s default after Tsipras ends bailout negotiations Greece’s chaos may begin as early as Monday Tunisia will close 80 mosques that are ‘spreading venom’ Furious Eurogroup members plan Greece’s default
