Euro
Economy
Yanis Varoufakis Warns Euro Will Fail and Will Bring EU Down With it
Appearing on the TV program BBC This Week, former Greek finance minister Yanis Varoufakis launched a savage attack on the EU, claiming it is destined to fail because the euro is doomed.
The BBC’s Andrew Neil asked him what he...
Greece
Greece Gets a Deal: Full Eurogroup Statement
The Greek government managed to get a deal with its creditors at Thursday's Eurogroup and unlock the next vital cash tranche of its bailout program.
Greece’s international creditors agreed to approve the disbursement of 8.5 billion euros and to detail...
Greece
Greece Strikes Bittersweet Deal With Creditors Hoping for Debt Relief
The Greek government has reached an initial deal with the country's international lenders from Europe and the International Monetary Fund regarding the second review of the country’s current bailout program.
The last round of negotiations lasted for twelve hours and the...
Economy
German FinMin: Greece Must Implement Reforms or Leave Euro Zone
German Finance Minister Wolfgang Schaeuble on Wednesday brought back the Grexit issue by saying that unless Greece implements reforms it cannot stay in the euro zone.
The German finance minister spoke to the country's broadcaster ARD in light of the...
Economy
Poll: Greeks Lose Faith in the Euro Currency Bloc
A new opinion poll conducted by ALCO on behalf of Zero magazine shows that Greeks are losing faith in the euro zone and question the common currency.
The poll shows that Greeks are divided almost in the middle regarding their...
Greece
British Holidaymakers to Greece Suffer From Brexit Backlash
British tourists claimed they were being refused cash withdrawals and exchanges following the Brexit win. No sooner was the vote announced that fund access was cut as there was no rate set by the Central European Bank for the...
Europe
Survey Finds Greeks Want EU but Feel Less European, UK Wants out of EU
A recent survey conducted by ORB International asked respondents across 14 different European countries their thoughts on the EU and the Eurozone.
Sixty two percent of Greeks said they would prefer to stay in the European Union if there were a...
Economy
New 20 Euro Bill to Begin Circulating by the End of November
A new 20 euro bill will hit the streets of the Eurozone member state on November 25.
The new bill, which marks the first replacement of its kind since 2002, will be transparent when struck by sun light and the portrait...
Economy
Varoufakis: I Won't Support Tsipras, But I Hope We'll Remain Friends
Greece's outspoken former finance minister Yanis Varoufakis said that he will not support SYRIZA and Alexis Tsipras in the upcoming elections, but he hopes they will remain friends.
Speaking to CNBC on Friday morning, Varoufakis said he doesn't believe in...
Economy
Varoufakis' Approved Plan B Included Hacking and Hijacking
Wiretapped tax identification numbers, hacking, secret accounts for each Greek taxpayer and banks that could operate with euros but instantly change to a drachma-based system were just some of the surreal proposals included in former Greek Finance Minister Yanis...