Politics
Greece
German FT Article on “Demagogue Tsipras” Raises Vast Dispute
The outrageous editorial in The Financial Times Deutschland captured broad TV and radio attention, though it did not make it into the Greek press since it has just been published today.
Supposedly expressing Berlin’s neo-liberal, monetarist position, the paper admonished...
Economy
The Three Greek Election Scenarios: Lose, Lose, Lose
ATHENS – Greece’s critical June 17th elections have been framed as a euro vs. drachma dilemma, whether the country will stay in the Eurozone or be forced out and back to its ancient currency and into what most analysts...
Greece
Secret Polls Show Extremely Difficult Derby Among Greek Parties
The upcoming elections have to be Greece's most critical in all of its modern history. Former powerful parties, PASOK and New Democracy, lost many voters on May 6th due to their pro-bailout policy. On the contrary, leftist party SYRIZA...
Greece
Εx-PM Papandreou: Samaras and Tsipras, "Two Sides of Same Coin"
With two days until the elections in the country, Greece's former Prime Minister, George Papandreou, has made an appeal to the Greek people, saying that the country's current objective must be to implement widespread reforms.
Writing on his personal website,...
Economy
“We Are Moving from Being a Western Country to a Third-World Country"
Extreme political uncertainty, rampant corruption, queues forming at soup kitchens, and aid from non-governmental organizations (NGOs)—all these are more commonly associated with countries still developing Western-style economies.
“We are moving from being a Western country to a poor country,” George...
Economy
Reuters: Central Banks Preparing to Provide Liquidity if Needed After Greek Elections
Major central banks are prepared to move to stablilize financial markets if they are roiled by the result of Sunday's Greek elections, Reuters reported Thursday, citing Group of 20 officials.
"The central banks are preparing for coordinated action to provide...
Greece
Syriza Wants Greece In Euro Zone Without Loan Agreement
Greece's leftist Syriza party wants to keep the country in the euro zone despite not agreeing to the austerity measures accompanying Athens' second EUR130 billion agreement, its president said Thursday, ahead of this weekend's elections.
Speaking at Syriza's last major...
Economy
SYRIZA Leader Tsipras’ Privileged Life Belies His Image
ATHENS – As he campaigns himself as a man of the people and a working-class hero, Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, 37, locked in a tight duel with New Democracy Conservative head Antonis Samaras to...
Economy
Clear 100-day Plan for New Greek Government
Regardless of the 17th June election winner in Greece, the new government would be given a final chance, reads an extensive Reuters report citing a German EU official. The report focuses on the progressive deterioration of relations between Germany...
Greece
Billionaire Panagiotis Aggelopoulos Backs Leftish SYRIZA Leader Tsipras
The son of Theodoros and Gianna Aggelopoulos, best known for being the president of the bidding and organizing committee for the 2004 Summer Olympics in Athens, has published an article on rednotebook.gr supporting SYRIZA and its leader Alexis Tsipras....
Greece
SYRIZA leader Tsipras Agrees that "the Currency is not a Fetish"
Speaking on a show on Greek National Television NET, SYRIZA leader Alexis Tsipras said that "the currency is not a fetish" and that SYRIZA will say "no" to the proposition of the country's remaining in the eurozone if the...
Economy
Greek Jobless Rate Hits Record 22.6%; Women, Youth, Hurt Most
ATHENS – Pro-austerity parties got bad news on June 14th, three days before the critical elections that could determine whether parties opposed to pay cuts, tax hikes and slashed pensions win power and vow to end the punishing measures,...
Cyprus
Cyprus May Ask for Bailout Before Greek Elections
Cyprus' Finance Minister warned Wednesday that the eurozone country could seek a European Union bailout to help recapitalize its banking sector before crucial elections in Greece this Sunday.
Vassos Shiarly said that the Greek elections - seen as a vote...
Economy
Samaras Says He Wants to Change the Troika Deal Too
ATHENS – Changing his tune before the rapidly-approaching June 17th elections and locked in a neck-to-neck duel with Coalition of the Radical Left leader (SYRIZA) leader Alexis Tsipiras whom he criticized for wanting to change the terms of Greece’s...
Economy
Hedge Fund Guru Says Greece Already Back to the Drachma
ATHENS – While many Greeks fear that if anti-austerity parties win the June 17 elections Greece could be forced out of the Eurozone, noted hedge fund manager Jason Manolopoulous, who wrote a well-received book on the crisis, said the...