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Cameron Tells Greeks ‘There is a Choice’: Accept Austerity or Go Back to Drachma

David Cameron told Greece to accept austerity measures or quit the euro last night, urging the euro zone to put in place strong contingency plans for either eventuality. Cameron, speaking in Chicago before the start of a NATO summit, dismissed talk that the G8 summit that ended on Saturday at Camp David, Maryland, was a [...]

Samaras Challenges Tsipras: Let’s Debate on TV

ATHENS – With their parties in a virtual deadlock for first place in the June 17 elections that could decide Greece’s fate, New Democracy leader Antonis Samaras has challenged Coalition of the Radical Left (SYRIZA) head Alexis Tsipras to a television debate that would be a battle between Samaras’ support of austerity measures against Tsipras’ [...]

Schaeuble: Greece ‘Needs Austerity Programs’

German Finance Minister Wolfgang Schaeuble said cash-strapped Greece needed to implement EU and IMF-imposed austerity measures as European solidarity was “not a one-way street.” “To tell the Greeks that they need not apply austerity deals to which they have agreed is to lie to them,” Schaeuble told the weekly Bild am Sonntag. “European solidarity is [...]

A G8 Push for Greece to Stay in the Eurozone, But No Answers

Even as Greeks found themselves caught in the twin nightmares of accepting more pay cuts, tax hikes, slashed pensions and mass firings, or the doomsday scenarios of returning to the drachma, 70 percent devaluation, lack of food, fuel, tanks in the streets, and anarchy, the leaders of the G8 representing the world’s biggest economies said [...]

Conservatives, Radical Leftists Even In Latest Polls

Greece’s conservative New Democracy party and the radical leftist Syriza party are even in polls published in Sunday newspapers, with two polls showing New Democracy would garner the most support in a fresh vote mid-June and Syriza taking the lead in two others. According to a survey by the MRB polling agency published in Real [...]

Right-wing LAOS Will Run Independently in June 17 Elections

The former Parliamentary group of right-wing LAOS (Popular Orthodox Rally) unanimously has decided to run independently in the next elections planned for June 17. Today, the party members met under their President Giorgos Karatzaferis and decided not to run with other parties in the next elections. The official announcement included, among others, “Mr. Samaras’s proposal [...]

Alexis Tsipras Backs Staying in Euro

Greek poll front-runner Alexis Tsipras, buoyed by a groundswell of opposition to EU-IMF imposed austerity measures, says forcing his country out of the eurozone would sink the region as a whole. The problems in Greece were those of Europe, Tsipras told Saturday’s edition of the International Herald Tribune, and forcing his country out of the [...]

Merkel Calls For Greek Referendum On Euro; Berlin Denies

ATHENS – German Chancellor Angela Merkel’s office is denying a report that she recommended to Greek President Karolos Papoulias that Greece should hold a referendum on whether to stay in the Eurozone. Late last year, she blasted then Prime Minister George Papandreou for making a similar recommendation on whether Greek voters were in favor of [...]

NY Times: Alexis Tsipras Becomes the New ‘Pied Piper of Hellas’

An extensive report by the New York Times compares SYRIZA leader Alexis Tsipras to the new “pied piper” coming to the rescue of Greece after the May 6 election outcome that ranked his party the second major political power in the country. “Charismatic but dangerous,” Tsipras is being compared to two controversial figures of Greek [...]

European Parliament President Visits Greece

European Parliament President Martin Schulz visited Athens to meet with political figures of the country. Schulz planned to visit the Greek capital May 13-14 but cancelled it. Later, he stated he just postponed the visit but did not make clear the reason for the change. Schulz has already visited the President of Greece, Karolos Papoulias, [...]

Political Wars Begin: New Democracy-SYRIZA Clash

ATHENS – Even as a new Parliament briefly met and dissolved, Greece’s political parties were taking shots at each other ahead of a second round of elections on June 17 that could decide whether the country stays in the Eurozone or returns to the drachma. After a first election on May 6 failed to give [...]

Merkel Phones Carolos Papoulias, Calls for Stable Government

Chancellor Angela Merkel called for a stable Greek government to be formed quickly after new elections in a telephone call with President Carolos Papoulias on Friday, a German government spokesman said. “The chancellor had a telephone conversation on Friday morning with Mr. Papoulias,” deputy government spokesman Georg Streiter said in a news conference. “She repeated [...]