Eurozone
Greece
Greece and Germany Have More In Common Than You Think
By Andreas Bieler, University of Nottingham and Jamie Jordan, University of Nottingham
Concerns over Greece’s ability to pay the debt it owes to the European Commission, European Central Bank and IMF continue unabated. While a great deal of coverage is given...
Greece
House Speaker Says Greece's Negotiating Team is Compliant to Lenders
Government Vice President Yiannis Dragasakis received harsh critiscism during the meeting of the SYRIZA Political Secretariat when he said that Athens will be ready to sign an agreement with creditors by May 19.
In the past few days there have...
Economy
Bundesbank Chief says ECB is Not Greece 's Rescuer
The European Central Bank (ECB) should not be used as Greece’s rescuer, the head of Germany’s central bank Jens Weidmann told a German newspaper, warning that the decision for Greece’s future in the Eurozone is clearly political.
Asked whether he...
Economy
Varoufakis: Greek Debt Unsustainable, ECB Bond Pushback Needed
Greek Finance Minister Yanis Varoufakis said that the Greek debt is unsustainable and Athens needs to delay payment on 27 billion euros of Greek state bonds to the European Central Bank (ECB).
In July and August, Greece has to pay 6 billion...
Economy
European Parliament President: EU Wants to Continue to Assist Greece
European Parliament President Martin Schulz in an interview to German newspaper Frankfurter Allgemeine Zeitung confirmed that the EU is ready to continue to financially assist Greece, but Athens should seize the opportunity.
"That is what I said to Greek Prime Minister...
Europe
Germans Choose Greece For Their Holidays
The charm of Greece’s magnificent landscapes, embellished with golden beaches stretching along over many kilometers, azure skies, crystal clear waters and picturesque islands, drew around 2.5 million Germans in 2014, according to official data.
Despite the uncertainty concerning the country's stay in the...
Economy
Varoufakis: We Aim to Bridge the Previous Program with the one of SYRIZA
During the past few months the Greek government was striving, negotiating and working day and night to find a redeeming agreement, Greek Finance Minister Yanis Varoufakis told reporters after a Eurogroup meeting in Brussels on Monday.
The minister noted that...
Europe
Only A Marshall Plan Can Save the Euro
The European Investment Bank should use its financial power to make investments in infrastructure not only jumpstart the sinking Greece economy but also many other recession-plagued countries across the Continent.
Greece
Poll: 66% of Greeks Favor Deal, 31% Want Rift with Europe
A new opinion poll shows that 66 percent of Greek citizens want the government to come to an agreement with international creditors, while almost 31 percent would like a rift with Europe.
The poll was conducted by MARC and also...
Economy
Eurogroup President: 'We are Not Very Close to an Agreement With Greece'
"A solution will be found for Greece" stated Eurogroup president Jeroen Dijsselbloem in an interview with the Saturday edition of Corriera della Sera newspaper.
"On financial terms we are now more powerful than three years ago when the Athens crisis...