Eurozone
Economy
Oil Prices and Fear of Grexit Shake World Markets
Stock markets across the world are shaking due to the slump in oil prices and fears that Greece will be driven out of the Eurozone.
The euro is at 1.19609 against the dollar, while oil prices have reached a low for...
Economy
SYRIZA Victory Does Not Mean Grexit, Party Says
In an "unofficial" announcement issued on Monday, Greek main opposition SYRIZA demanded from Prime Minister Antonis Samaras to immediately stop the campaign "to terrorize the Greek people and discredit the country abroad," while challenging him to reveal his plans to establish...
Economy
Greece's Euro Membership 'Irrevocable,' EU Commission Stresses
Greece's membership in the Eurozone is "irrevocable," European Commission spokeswoman Annika Breidthardt said on Monday, amid press speculation of a possible "Grexit" that would leave the country outside the euro area.
According to Breidthardt, the EU treaty clearly states that "euro...
Greece
German Vice Chancellor Gabriel: Germany Wants Greece in the Eurozone
The German government's desire for Greece's Eurozone membership expressed the country’s Vice Chancellor and Economic Affairs Minister, Sigmar Gabriel, in his recent interview to German newspaper "Hanoversche Allgemeine Zeitung," adding that the Eurozone expects that the agreements between the two...
Economy
Athens Stock Exchange Falls More Than 5% Amid Election Fear
The Athens Stock Exchange (ASE) general index closed at 789.20 points, shedding 5.63% from Friday’s 836.24 points, a sign of investors' jitters three weeks away from a snap election that has raised fear about the future of Greece's...
Economy
French President: Greece Must Abide by its Previous EU Commitments
French President Francois Hollande talked about Greece’s situation during a radio interview, on Monday, January 5. He urged the country to focus on staying within the eurozone and abide by its European commitments.
“The Greeks are free to choose their...
Greece
New Opinion Poll Shows Greek Citizens Want SYRIZA, Samaras and Euro
A steady lead of 3.1% ahead of ruling New Democracy holds the Greek main opposition party, SYRIZA, according to a latest poll on behalf of Greek newspaper "Eleftheros Typos."
As shown by the survey, conducted immediately after the third unsuccessful ballot for...
Greece
Spiegel: Grexit Not a Problem For Germany
Fears of Greece's departure from the Euro after an impeding preponderance of Alexis Tsipras' anti-austerity political party, SYRIZA, on the January 25 Greek elections, don't seem to torment the Angela Merkel administration, according to German magazine Der Spiegel.
Unnamed authority...
Economy
Greeks Withdrew 2.5 Bln Euros in December
Just four weeks before the upcoming snap elections, Greeks are becoming more concerned about the country’s debt and financial crisis, reported German newspaper Die Welt.
Fearing political and economic turmoil, many Greek savers and entrepreneurs opted to withdraw their money from banks....
Economy
Financial Times: Fears of Fresh Greek Crisis
A new Greek crisis is on the horizon after the snap general elections that could bring leftist SYRIZA to power which may lead the country to a direct confrontation with its international creditors, according to the Financial Times.
The elections in...