Eurozone
Economy
Former French President d'Estaing: The Solution for Greece Would Be a Friendly Exit
Former French President Valery Giscard d'Estaing expressed the opinion that a viable solution for Greece would be the country's exit from the Eurozone in order to devalue its new national currency and increase its economic competitiveness, although he firmly ruled out...
Economy
Germany Rejects Greek Loan Agreement Extension Request
The German government has rejected the Greek loan agreement extension request, submitted earlier today. According to the German reasoning, Greece's proposal does not meet the Eurozone's conditions for continuing the aid program.
Greece's request to the Eurozone aims at a...
Canada
Canadian News Reports on Greek Crisis
Several articles have been published in the Canadian media analyzing the Greek crisis, noting that the two parties may still come to an agreement and even speculating that the Greek government may in fact be preparing to request a...
Economy
Greece to Submit Loan Agreement Extension Request, Differentiating it From the Memorandum
The Greek government has confirmed its intention to apply for an extension of its loan agreement tomorrow morning in order to avoid the danger of running out of liquidity by the end of February -when the current bailout program...
Greece
Greece's Negotiation Plan: 6-Month Bailout Extension; No Memorandum
Greece's government is planning to request a six-month extension of the 240 billion-euro loan set to expire at the end of February, but without extending the current memorandum and its austerity measures previous Greek governments had signed as part...
Economy
Eurogroup: Greece's Government Rejects Memorandum Extension; Remains Hopeful
Eurozone finance ministers met to discuss the way forward for Greece in the context of the upcoming expiry of the country's current economic adjustment programme.
The discussions were based on the technical work carried out over the past few days,...
Economy
Eurogroup Talks on Greek Bailout Program Collapse
Without an agreement between the Greek government and the country's European partners concluded a few minutes before 8:00 pm the critical Eurogroup held today in Brussels. The Greek side has characterized the Eurogroup draft statement as "unacceptable" and...
Economy
Demonstrators Flood Athens in Support of Greek Government for Eurogroup
Thousands of people gathered again at Syntagma Square across the Greek parliament in downtown Athens to show their support to the government ahead of Monday's critical meeting of the Eurozone Finance Ministers in Brussels.
The call was made by Greek...
Economy
Juncker: Greece, Eurogroup 'Far Away from Deal'
European Commission President Jean-Claude Juncker attempted to lower expectations on Friday for a successful conclusion to ongoing talks between Eurozone partners and Greece, saying the Eurogroup is “far away from a deal.”
Whether a true depiction of reality or a bid...
Greece
The Touching Political Cartoon that Went Viral in Greece
It's not the first time that acclaimed cartoonist Carlos Lattuf draws about Greece and the financial drama of its people. However the latest creation of the Brazilian artist has gone viral in Greece and there is a reason.
The cartoon...