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Greece

Euro Summit on Greece: Behind the Scenes

A lot has happened during 17 hours of talks on the Eurozone's future. Before Greece and its creditors agreed on a new 86-billion European Stability Mechanism (ESM) program, there were multiple interruptions and as the night went on, reports of impasses and confrontations...

Greece's SYRIZA Party on the Path of Division

Greece's governing SYRIZA party is slowly moving toward splitting up after Greek Prime Minister Alexis Tsipras signed an agreement with the country’s creditors in Brussels, requesting for more austerity measures. 30 SYRIZA MPs have gathered to discuss about their position in the current...

Analysts Question the Greek Parliament's Will to Vote the Agreement

After Eurozone leaders announced they had finally reached an agreement, markets reacted promptly and positively to the good news. However, leading market analysts are questioning the agreement benefits and are wondering why everyone rushed to celebrate. M&G Investments’ Jim Leaviss noted...

ECB Maintains ELA Cap at 88.6 bln; Greek Banks Closed Until Wednesday

An agreement among the Eurozone leaders was not enough to persuade the Governing Council of the European Central Bank to give the green light for a much needed increase of the Emergency Liquidity Assistance to Greece, according to Reuters. Greek...

Greek Parliament President May be a Thorn in Tsipras' Side

The stance of Greek Parliament President Zoe Konstantopoulou remains a mystery as Prime Minister Alexis Tsipras will bring the new agreement to be voted in parliament on Tuesday. Konstantopoulou voted "present" in the critical vote for the Greek bailout proposals...

Greekment: Donald Tusk Adds New Lingo to the Greek Crisis

After striking a deal with Greece last night, European leaders will look to successfully materialize this "Greekment." European Council President Donald Tusk was the first official to speak after almost 17 hours of hard talks among Europe's top officials that led...

All Eyes on Greece After Agreement With European Partners

The first foreign media reaction to the “Agreekment,” Greece’s agreement with its European partners, were divided. The negotiations marathon and the new agreement have been put under a microscope by journalists across the world. The German Bild published an article...

Will Alexis Tsipras Be Greece's Prime Minister After Bailout Agreement?

The harsh reforms required in order for Greece to reach a new bailout agreement generated scenarios about the future of the Greek government and even the future of Alexis Tsipras in the prime minister's seat. What is certain is that...

Apple Offers Greeks One Free Month of Storage on iCloud

Greeks have been unable to make any transactions with countries abroad, due to the capital controls and banking system restrictions. Therefore, access to several services have been limited. Apple’s iCloud falls into this category, due to the fact that many...

ND Leader: Greece Got a Breather

Main opposition New Democracy (ND) leader Evangelos Meimarakis in a written statement noted "Unfortunately, at the last minute, we had only the choice for agreement or no agreement that would have led to total disaster." Meimarakis also underlined that "with...