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Greece

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...

Potami Leader: Alexis Tsipras Kept his Last Promise

The objective has been achieved. The country remains in the eurozone. Alexis Tsipras kept his last promise in spite of all those that wanted us to return to the drachma, stated Potami leader Stavros Theodorakis on the agreement for...

Leaked Document Reveals the Operation Plan for New 50Bln-Euro Fund

T A leaked excerpt from the final agreement between Greece and its European partners, describes in detail how the new 50-billion-euro fund will operate. The document was first published by Peter Spiegel. According to the official document, Greek authorities will have to...

Greek Prime Minister: We Fought a Hard Battle and We Won a Difficult Deal

Coming out of a long Eurozone summit, Greek Prime Minister Alexis Tsipras said that Greece won a hard deal but it is one that will secure the country's place in the Eurozone and will help the Greek economy recover. "We...

Hollande Praises 'Courageous' Tsipras After Greek Debt Deal Agreed

Greek Prime Minister Alexis Tsipras made a "very courageous choice" in accepting European conditions for negotiations for a new bailout for his country, French President François Hollande said Monday after the announcement of agreement following 17 hours of talks....

German Chancellor Merkel on Deal: Greece Must Legislate Reforms by Wednesday

Greece has to legislate in parliament the agreement text by Wednesday before it goes to other European parliaments for voting, said German Chancellor Angela Merkel coming out of a marathon summit of Eurozone leaders. "Greece must pass the agreement text...

Greece Gets Bailout Deal at Euro Summit

After more than 16 hours of deliberation, the Eurozone's leaders agreed to save Greece by keeping it in the Eurozone and offer the debt-ridden country a much needed bailout agreement. Speaking on the deal after the Summit, Prime Minister Alexis Tsipras...

Euro Summit Press Conference on Greece

Watch the live stream of the press conference following the decisive July 12 Euro Summit where Eurozone leaders decide the fate of Greece. This live event starts at 8am Brussels time. (delayed by the Summit) Streaming provider:EBU

Fund Proposed to Hold 50 bln Euros of Greek Assets Is Controlled by German Fin Min Schauble

German Finance Minister Wolfgang Schaeuble proposed on Saturday that 50 billion euros of Greek public assets be transferred to an external fund and privatized over time. The fund he used as a suggestion, the Institution for Growth in Greece, is owned by...

Yanis Varoufakis: "Schauble Told Me He Wants Grexit, This Is No Theory"

Former Greek finance minister Yanis Varoufakis just revealed that German Finance minister told him that his plan for Greece is to leave the euro. Greece never had a chance for success to reach an agreement writes Varoufakis on his blog. Varoufakis' statement...