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Euclid Tsakalotos: Who Is the Greek Economist that Sidelined Superstar Yanis Varoufakis

Greek Prime Minister Alexis Tsipras' decision to practically replace the head of the negotiating team with its European partners by sidelining controversial Finance Minister Yanis Varoufakis and...

Italian Economy Minister: No ‘Plan B’ on Greece

Rumors over a so-called "Plan B" on a solution to Greece's long-standing crisis have been topping international media in recent weeks, although top European officials have...

German FinMin Spokesman: The Ball Is in Greece’s Court

Yet another declaration of its frustration expressed today the German Finance Ministry, regarding the lack of progress Greece has achieved in regards to its...

Eurogroup President to Greece: Time Is Running Out

Today's Eurogroup bore no fruit for Greece and Finance Minister Yanis Varoufakis was reportedly hammered by his peers. A clear image for the negative climate...

ECB President: Greek Banks Can Continue to Rely on Emergency Liquidity Assistance

European Central Bank (ECB) President Mario Draghi gave his assurance today that the Greek banks can continue to rely on emergency liquidity assistance (ELA). "ELA will continue to...

Yanis Varoufakis: Greece Is Now Ready for Big Compromises

Greece's outspoken Finance Minister Yanis Varoufakis, who has reportedly faced a hostile environment in today's Eurogroup in Riga, Latvia, said Athens is now ready to...

‘Grexit’ Is Passe, Citigroup Introduces ‘Grimbo’ to Crisis Lexicon

Forget the monotonous term "Grexit" that has occupied thousands of newspaper pages throughout the years of the crisis, Citigroup Inc. economist Ebrahim Rahbari adds...

No ‘Plan B’ For Greece, Govt Official Says

Greece and its international creditors have not agreed on a "Plan B" in case the country fails to pay the International Monetary Fund (IMF) on time...

Pimco: Chances of a Grexit Stand at 30%

The chances of Greece ending up outside the single European currency due to an accident (Graccident) stand at 30% and if it does then that...

German Chancellor Merkel Pushes for Reforms, Greece Has Done Its Part, PM Tsipras Says

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel held a meeting earlier today on the sidelines of the European Union summit on migration policy....

European Officials Have Limited Expectations on Greek Issue Ahead of Eurogroup

The German Finance Ministry is rather skeptical ahead of Friday's Eurogroup in Riga, Latvia, where Greece's proposed reforms list will be examined. According to Finance Minister...

Eurogroup President: Grexit Not An Option

His expectation that a deal will soon be reached between Athens and its creditors expressed Eurogroup President Jeroen Dijsselbloem earlier today. As he explained, Greece's presence...

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