Grexit

Contents: Grexit risk: Greece may refuse a new round of austerity; Greece will evacuate 75,000 people in Thessaloniki to defuse WW II bomb

A coalition of “Greek personalities from political parties and groups, as well as from the cultural fields” have signed an open letter encouraging the UK to leave the EU after their own national experience with the anti-democratic institution.

The break-up of the European Union may be a question of “when” and not “if”, credit ratings agency Moody’s has suggested. The agency warns that, despite attempts at reform, the European project remains perilously at risk from even a “small”

Contents: Bizarre EU-Turkey one-for-one refugee deal meets strong opposition; Europe faces two additional major crises: Grexit and Brexit

No scene of political turmoil is complete until somebody gets investigated by prosecutors. Such is the fate of former Greek finance minister Yanis Varoufakis, who has become a darling of the anti-austerity, hardcore left ever since he departed his office on the eve of the 11th-hour bailout deal.

FRANKFURT, July 29 (Reuters) – The European Central Bank said on Wednesday that the euro zone’s founding members had diverged economically, a “disappointing” outcome that goes against the premise that a common currency would let laggards slowly catch up. Central

From Reuters: Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe. Rehabilitating the country’s banks poses a difficult question. Should the euro zone

Today the Greek bailout plan comes before the German parliament (the Bundestag), the latest approval hurdle for the third bailout package which nobody believes will work. Ratification of the €86 million rescue deal is expected, notwithstanding yesterday’s comments from Germany’s Federal Finance Minister Wolfgang

The Greek parliament voted last night to accept tough new austerity measures, despite the people rejecting similar measures in a referendum just over a week ago. Angry protesters took to the streets to denounce the move, which they saw as

Anyone who has ever witnessed the terminal struggles of insects in a killing bottle will recognise the nature of the paroxysms contorting the EU “leaders” today. The Greek pantomime is beyond parody. It is a shadow-boxing contest between two factions of the

Britain could face a bill of up to £850m for latest Greek bailout as European leaders desperately search for money for the heavily indebted nation. Although Britain is signed up to an emergency EU fund, Prime Minister David Cameron believes

Stocks rallied on Monday amid news that the Greek financial crisis was under control, and a bailout deal had been agreed upon, but that might have been a hasty celebration.

The seemingly final deadline for serious Greek proposals in the debt showdown was Friday morning, and some paperwork was indeed delivered on schedule, inducing some optimism that a Greek exit from the Euro would be averted. Depending on who you ask, the deal is either a stunning triumph or disastrous capitulation for either Greece or its creditors.

All sorts of deadlines have come and gone during the Greek debt crisis—as the basket-case nation’s European creditors repeatedly blinked and decided to grant one extension after another—unwilling to precipitate the pan-European (and possibly global) financial earthquake of a “Grexit” from the Euro.

China is teetering on the edge of a 1929-style stock market meltdown, and Greece might be about to exit the Euro. China is worried about what the Grexit, or an even larger collapse of the Euro, might do to its house-of-cards stock market. Everybody else is worried about what a Chinese collapse could do to their markets, especially since Western socialists have sold so much of their own nations to China over the years.

The Greek people have “elected a bunch of lunatics,” according to Ryanair boss Michael O’Leary. The entrepreneur’s budget airline has invested heavily in routes to Greece, flying into eight airports across the country and its islands, and the company is

Tech-savvy Greeks are buying expensive items like Macbook laptops and Playstation games consoles in preparation for a potential barter economy, as it is perceived the gadgets will retain their value, irrespective of economic collapse or currency change. Bloomberg reports Greeks are

The Greek financial crisis just got worse. As if the mountain of debt, default and ruination of the EU’s collective economy wasn’t bad enough, now US President Barack Obama has started cold calling European leaders to offer them words of economic counsel.

The beast is wounded – probably mortally – but it will take an inordinately long time to die and in its prolonged death throes it will devastate whole nations’ economies, living standards and dignity. Circle the date ‘5 July 2015’ in your

With the European Commission President Jean-Claude Juncker dampening expectations of a speedy resolution to the Greek economic crisis, analysts are again giving apocalyptic visions of the country’s future. PA reports Neil MacKinnon, global macro strategist at VTB Capital, setting out exactly how bad

Vladimir Putin is reportedly reaching out to Greek leaders to try to affect the outcome of the recent crisis. On Sunday, Greek voters once again defied European leaders and voted against approving new austerity measures.

Greece voted ‘No’ by a landslide in a referendum on the latest EU bailout deal. Here’s what it means: 1. You have just added a new word to your Greek vocabulary. Besides ‘retsina’, ‘souvlaki’, ‘moussaka’, and ‘kalamares’ you now know

From Reuters: Four great crises around Europe’s fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades. The EU’s unity, solidarity and international standing are at risk from Greece’s debt, Russia’s role in

BERLIN, July 5 (Reuters) – Bundesbank chief Jens Weidmann has warned Angela Merkel’s cabinet that a Greek exit from the euro zone would rip billions of euros out of the German budget, German business daily Handelsblatt reported on Sunday, citing

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

International reserves, which measure global savings available for financial market investment, have fallen twice this century: once in the first quarter of 2009, and once in the fourth quarter of 2014. That most recent reserve drop is causing some analysts to warn that conditions for a crash may be building.

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.

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.

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.

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.

Greeks will be given the chance to vote on whether or not their country should continue to heed strict financial demands made by foreign banks and unelected bureaucrats in Brussels. The question to be put before voters is whether or

The economic crisis in Greece is playing out with political and economic ramifications that are causing, and will continue to cause, damage across Europe.

The British government is accelerating its preparations for a possible Greek exit from the euro zone, a spokeswoman for Prime Minister David Cameron said on Wednesday, after the Greek central bank warned of the consequences of such a scenario. “You can

The Greek government is running out of time, money and broad support as a new poll shows a clear majority of Germans want Greece to leave the European Union (EU). Polling company YouGov revealed Wednesday that 58 per cent of