Greece - Page 32

Greece Starts Preparing For Eurozone Exit

Greek authorities have started preparing for a possible Eurozone exit with contracts being drawn up for “payments in euros or any national Greek currency” as the government admitted yesterday the country was broke. Since the Syriza government was elected to power,

AP Photo/Michael Sohn

Finance Minister Varoufakis Pulled Back from Greek Debt Negotiations

Bloomberg Business understandably sees all sorts of signals in Greece’s decision to pull Finance Minister Yanis Varoufakis back from bailout negotiations, a move it describes as “clipping Varoufakis’ wings” and “reining him in” after three months of debt talks failed to produce an agreement.

AFP PHOTO/NICHOLAS KAMM

EU Plans to Return Most Mediterranean Refugees

The European Union’s summit to deal with the Mediterranean refugee crisis is underway, and based on leaked documents, it appears a major component of the strategy will involve returning most migrants to their countries of origin.

Turkey

Greece ‘Overwhelmed’ by Influx of Syrian Refugees Across the Aegean

While the ongoing migrant crisis in the Mediterranean Sea has captured the world’s attention after more than 800 people drowned in a capsized ship headed to Italy last week, a parallel situation has begun to unravel in the Aegean, with more than 100 mostly Syrian refugees drowning in the last 48 hours as they attempted to reach Greece.

Argiris Mantikos/Eurokinissi, via Reuters

Greece Delays Trial of Neo-Nazi Golden Dawn Party amid Violent Protests

The leadership of Greece’s nationalist Golden Dawn party went to court Monday for the first day of what is expected to be a long trial of unprecedented scope for the nation. Golden Dawn’s leadership, who have exhibited Neo-Nazi sympathies, are being accused of running a criminal organization masked as a political party.

Reuters

Greece Making Ends Meet by Becoming China’s Gateway to Europe

In what was received as a pleasant surprise by the European Union, Greece made its first 460 million euro payment to the IMF this week. The Mediterranean country continues to struggle with generating enough revenue to pay off their multi-billion-dollar debt, and one major international player looking to capitalize on their need for business is China.

AP Photo/Thanassis Stavrakis

Greek PM Raises WW II Reparations during Otherwise Cordial Berlin Visit

Leftist Greek Prime Minister Alexis Tsipras, during a visit with German Chancellor Angela Merkel in Berlin, raised the issue of Greece receiving war reparations for the damage the Nazis did to the country in World War II. Despite Merkel’s rapid dismissal of the possibility, the two appeared cordial and friendly during their public press event leading up to a reception dinner.

AP Photo/Michael Sohn

Greece Renews Threat to Seize ‘War Reparations’ from Germany

The eleventh-hour decision to extend Greece’s bailout a few weeks ago turns out to have been an even closer shave than it seemed at the time, with Reuters reporting that a massive revolt among German conservatives left the vote “hanging by a thread,” as one German legislator put it. Escalating tensions between sullen Greece and fed-up Germany could make the votes on further bailout extensions or new financing deals even tighter.

Reuters / Alkis Konstantinidis