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Varoufakis Blogs a 'Big Majestic Yes to Europe' after Big NO Vote in Greek Referendum

Greece's finance minister Yanis Varoufakis says that the Greek NO vote landslide win on the July 5 Greek referendum is actually "a majestic, big YES to a democratic, rational Europe!" After a deadlock in bailout negotiations, Varoufakis and the SYRIZA...

Donald Tusk Calls Euro Summit on Tuesday

The rejection of the creditors' proposed bailout in Sunday's Greek referendum has not only raised questions about the future of Greece but also of the Eurozone. In response to these developments and to German Chancellor Angela Merkel and French President Francois Hollande's call for an...

John W. Galanis Elected New AHEPA Supreme President

The delegates of the American Hellenic Educational Progressive Association (AHEPA), a leading association for the nation's millions of American citizens of Greek heritage and Philhellenes, elected John W. Galanis, Elm Grove, Wisc., as their supreme president at the 93rd Annual...

Greece Votes No: Experts Respond What Happens Next

  The Greek people have voted, saying a resounding No to the terms of the bailout deal offered by their international creditors. What will this mean for Greece, the euro and the future of the EU?  Here's what experts say...

European Commission Releases Statement after NO Result in Greek Referendum

The European Commission released a statement on the Greek referendum result that turned down a bailout deal that was partly designed by the Commission. Here is the full statement. The European Commission takes note of and respects the result of the referendum in Greece. President Juncker...

PM Tsipras Calls Greek Party Leaders Emergency Meeting Ahead of Negotiations

After a week of strong divisions and accusations, Greece's political leaders will have to turn the page and work together starting tomorrow. Prime Minister Alexis Tsirpas met with the President of the Hellenic Republic, Prokopis Pavlopoulos, to ask for a meeting with Greece's party...

Greece Considers IOU Currency after NO to EU Demands: Reports

The Greek government is working to boost liquidity in Greece as Greek banks remain closed after a NO vote win in a referendum that rejected a take-it-or-leave it deal offered by the country's creditors. Top Syriza officials told The Telegraph...

Eurogroup President Dijsselbloem on Greek Referendum Result; Statement

Eurogroup president Jeroen Dijsselbloem said that Greeks will regret the NO result of their referendum that rejected a deal his institution and the rest of Greece's creditors had put on the negotiations table. Here's the full statement: I take note of...

Martin Schulz: Difficult Times Ahead for Greece

Martin Schulz, the President of the European Parliament called for people to respect Sunday's NO vote in the referendum, but also expressed his pessimism regarding Greece's future and warned of a humanitarian crisis in the country. "This is a difficult day: there's a broad majority in...

The Third Way after NO Vote: How Greece Can End Austerity and Stay in the Eurozone

After Greece's big fat NO to the latest bailout deal, an economist argues that there is a third way out of the Greek disaster, and towards job creation, prosperity and debt repayment.

PM Tsipras on NO Vote Win: Greece Returns to Negotiations Tomorrow

Greek Prime Minister Alexis Tsipras addressed the nation following the country's unambiguous opposition to the international creditor's' proposed bailout deal, a stance which his administration has fully endorsed. Tsipras labeled the referendum as a victory for the whole of Greece,...

Hollande-Merkel Call Urgent Eurozone Leaders Summit on Tuesday

Following the overwhelming rejection of the institutions' proposed bailout deal on Sunday's Greek referendum, French President Francois Hollande and German Chancellor Angela Merkel have called for the Euro's leaders to convene at an urgent Eurozone leaders summit on Tuesday. On Monday the...

International Reactions to NO Vote Win in Greek Referendum Vary

EU and other officials have offered mixed reactions after a major victory for the NO vote in the Greek referendum, which is at more than 61% , with 70% of the votes counted. The first reactions from the German government show discontent with the outcome. Social...

Antonis Samaras Resigns from 'ND' Party Leadership after NO Win in Greek referendum

Former Greek Prime Minister Antonis Samaras resigned from the leadership of his party after a landslide win of the NO vote his party strongly opposed in the Greek referendum. The centre-right wing New Democracy party faced a leadership crisis after an...

Varoufakis on Referendum Result: 'Greeks Returned Ultimatum to Creditors'

"The ultimatum has been returned to to the creditors," noted Yanis Varoufakis on Sunday night from Athens after the official results of the Greek Referendum showed that most Greeks say no to a previous take-it-or-leave-it proposal offered to the creditors. "Today's...