Search Results for: Syriza
Greece debt repayment in full is ‘unrealistic’, says Syriza
January 27th, 2015
It is unrealistic to expect Greece to repay its huge debt in full, the chief economics spokesman for the victorious Syriza party has told the BBC. “Nobody believes that the Greek debt is sustainable,” Euclid Tsakalotos said. The far-left ...
Syriza win in Greece set to put markets on edge
January 26th, 2015
In a week where the focus would ordinarily have been on the latest FOMC meeting as well as US and UK GDP numbers, its events in Europe that are at the epicentre of the markets focus once again, and ...
Greece election: Anti-austerity Syriza leader Tsipras vows to end ‘pain’
January 26th, 2015
Anti-austerity Syriza party leader Alexis Tsipras has vowed to end Greece’s “five years of humiliation and pain” after his general election win. Before cheering supporters, Mr Tsipras again pledged to renegotiate Greece’s massive international bailout. With nearly all of ...
How Many Euro Crises Will This Make? It’s Getting Hard To Keep Track
February 23rd, 2017
Every few years, it seems, one or another mismanaged eurozone country falls into one or another kind of crisis. This leads to speculation about the end of the common currency, which in turn spooks the global financial markets. Then ...
Grexit is back? Greece faces critical few weeks
February 6th, 2017
In the week of Groundhog Day it seemed entirely appropriate: Greek farmers, many on tractors, have once again been blockading roads and border posts amid mounting signs that the country long at the centre of Europe’s debt woes is ...
The European Central Bank keeps key interest rates at historic lows
June 2nd, 2016
The European Central Bank held key interest rates at historic lows Thursday, but made no announcement regarding Greece despite speculation it may offer a helping hand to its cash-strapped banks. Meeting in the Austrian capital instead of its usual ...
Greece bailout: Eurozone agrees ‘breakthrough’ debt deal
May 25th, 2016
Eurozone finance ministers have agreed to extend further bailout loans to Greece as well as debt relief, in what they call a “major breakthrough”. After late-night talks in Brussels, the ministers agreed to unlock 10.3bn euros ($11.5bn; £7.8bn) in ...
Eurozone finance ministers are set to discuss easing Greece’s debt burden
May 23rd, 2016
Greek lawmakers on Sunday (22 May) adopted another batch of controversial spending cuts and tax hikes, two days before a crunch eurozone meeting expected to unlock the next tranche of much-needed bailout funds for the debt-ridden nation. The 7,000-page ...
Greece adopted a controversial package of pension cuts and tax hikes
May 9th, 2016
Greek lawmakers late Sunday adopted a controversial package of pension cuts and tax hikes despite mass public opposition, bowing to creditor demands in a bid to unlock the next tranche of badly-needed bailout funds. The unpopular reforms, which saw ...
Greece’s Euro Future May Be Back in Play If Rescue Talks Drag On
April 4th, 2016
Creditors resume talks in Athens on bailout program review Pensions, tax policy remain obstacles, EU officials say Greece could again face the threat of being pushed into default and out of the euro if its current bailout review drags ...
