Austerity Policies
Economy
German Vice Chancellor Gabriel: Everyone Relieved by the Greek Deal
German Vice Chancellor and Social Democratic Party (SPD) President Sigmar Gabriel welcomed the Eurogroup’s agreement on the Greek issue during a visit to Madrid. “Here, everybody was relieved that it was possible after all to reach a major breakthrough...
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...
Economy
Former Greek PM Simitis: Austerity Policies of the North Led to the European Crisis
His opinion that Europe has lost the necessary balance between the markets and state institutions expressed Former Greek Prime Minister Costas Simitis in an article published in Greek newspaper "Efimerida Ton Syntakton." As he highlighted, ever since the northern European...