Eurozone

By Costas Milas, University of Liverpool As the current standoff between Greece and its international creditors reaches a climax, the prospects that the country will default on its debts and possibly leave from the eurozone draw closer. This has taken many...

"The Greek government presented a broad, comprehensive and credible proposal on Thursday's Eurogroup that can constitute the foundation of the agreement ," Finance Minister Yanis Varoufakis said at the ECOFIN meeting. Varoufakis stressed that the Greek proposal "not only completes the existing...

Under the slogan "We Stay in Europe", about 5,000 people demonstrated on Thursday in favor of the euro currency and Greece's stay in the European Union. The demonstration took place at Syntagma Square, in front of the Greek Parliament and...

Greek Prime Minister Alexis Tsipras said that the efforts his government put toward securing the emergency Euro Summit on Monday has proved to be a "success." Eurozone country leaders announced a Monday summit to resolve Greece's prolonged debt crisis that threatens...

How a unilateral Greek default and Grexit would affect politics, policy, and the citizens' psychology elsewhere in Europe.

"Germany's efforts aim at keeping Greece in the Eurozone, so that the people in Greece have the prospect of a better future," as in Ireland, Cyprus and other countries, German Chancellor Angela Merkel said in Parliament ahead of the...

The “cold war atmosphere” that prevails in the European front, particularly between the Greek government and its creditors is described in a bleak manner in Greek and foreign media. Greece was once again on the front page of various...

An agreement with creditors is absolutely necessary in order for Greece to avoid bankruptcy and poverty and move towards growth, says the report written by Bank of Greece Governor Yiannis Stournaras. "Failure in negotiations will be the beginning of a...

"Unfortunately, there is nothing new to report on the Greek debt talks," German Chancellor Angela Merkel told reporters at a news conference after meeting with Luxembourg Prime Minister Xavier Bettel. Merkel also expressed her will to do all she can in order...

Greek Finance Minister Yanis Varoufakis late on Monday said that the three institutions have different red lines. "It is one thing to negotiate with one institution and another thing to negotiate with three institutions that do not want the same...