Syriza - Page 2

Euro Architect Says Greece Should Quit Currency

Former French President Valery Giscard d’Estaing has said that Greece should leave the euro so it can devalue its currency and increase its economic competitiveness. Giscard, who notably presided over the Convention on the Future of the European Union that

Europe Greece Flags Athens

Report: Spanish Socialist Party Funded by Illicit Venezuelan Money

Spain’s new radical leftist party, Podemos (Spanish for “We Can”), is embroiled in a new corruption scandal, this time accused in a complaint by the attorney coalition Clean Hands (“Manos Limpias”) funding itself with “undeclared” Venezuelan money acquired during “diplomatic” trips to the socialist nation.

Reuters

Spanish Budget Minister to Greece: Respect EU Austerity Rules ‘As We Did’

Spanish Budget Minister Cristobal Montoro has categorically rejected any attempts to “change the rules” regarding austerity measures imposed on Greece by European Union regulations. “Europe is a club of democracies, and entering is voluntary,” he stated, implying that, should Greece’s new government refuse to impose austerity measures, they can leave the EU.

Tsipras_AP

Syriza’s Spanish Allies Hold Rally Against Anti-Austerity

Greece’s new anti-austerity Prime Minister Alexis Tsipris has a strengthening ally in Spain as divisions firmly appear amongst eurozone members. German Chancellor Angela Merkel has ruled out cancelling any of Greece’s debt, saying banks and creditors have already made substantial cuts

PODEMOS Reuters

The End of the Center-Left? Greece’s Socialist Party Loses to Both Hard Left and Neo-Nazis

The European left is in party mode. After the decisive victory of Greece’s Coalition of the Radical Left (Syriza) in parliamentary elections last night, Greek leftists took to the streets and their analogs in Spain and the UK warned that their nations would be next. But while the hard left has much to celebrate, “moderate” socialists on the continent should take the news with a grain of salt, as the leftist party that ruled Greece as recently as 2011 appears to have lost almost all support.

Reuters

Beware of Greece Demanding Debt Relief

Insolvent Greece is at the center of the European Financial Crisis that has led to a 20 percent devaluation of the exchange rate of the euro against the U.S. dollar. Polls indicate that in parliamentary elections on Sunday, the main leftist and center-right parties will finish one and two.

Louisa Gouliamaki / AFP