Search Results for: Finance Minister Yanis Varoufakis
Greece Asks ECB to Keep Banks Afloat, Tsipras Pitches Deal
February 2nd, 2015
Greek Prime Minister Alexis Tsipras began the hunt for allies against German demands for austerity as his week-old government appealed to the European Central Bank not to shut off the money tap. Tsipras traveled to Cyprus on Monday before ...
The Tragedy Of The Euro
January 11th, 2019
After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The ...
Update on Brexit
May 14th, 2017
This article looks at the background to Brexit negotiations and concludes that Britain is negotiating from a position of strength, while the EU is increasingly in a position of financial difficulty. Not only will the European Commission be forced ...
Greece’s economic crisis goes on, like an odyssey without end
January 7th, 2016
When Stavros Staikos thinks of the year ahead, he expresses dread. Although stoic in demeanour, the retired merchant seaman struggles to be upbeat about his country and his own circumstances. “It’s hard to be optimistic,” he says, waiting his ...
Greek debt crisis: MPs prepare for second vote on bailout reforms
July 22nd, 2015
The Greek parliament is to vote later on a second set of reforms needed to secure its bailout deal. If MPs approve the financial and judicial reforms, Greece will be able to press ahead with negotiations for an €86 ...
Schaeuble Shrugs Off Greek Vote Saying Euro Exit Is Best
July 16th, 2015
German Finance Minister Wolfgang Schaeuble told Greece the only way it’ll get a debt reduction is to leave the euro and cast doubt on the country’s ability to even complete negotiations on a third bailout. Schaeuble, who led the ...
How Future Bitcoin Can Prevent a Future Greece
July 14th, 2015
The digital currency is at a turning point, evolving much more quickly than some observers realize Bitcoin, the volatile digital currency, cannot help the Greeks of today. But it could mean a great deal to those caught up in ...
Total confusion about a Greek deal
July 12th, 2015
EU Council president Donald Tusk announced this morning that the planned EU summit is cancelled and that a separate euro zone summit meeting will start at 1400 GMT (1600 local time). Tusk said the eurozone summit would last until we ...
Greece Given Until Sunday to Settle Debt Crisis or Face Disaster
July 8th, 2015
Frustrated European leaders gave Greece until Sunday to reach an agreement to save its collapsing economy from catastrophe after an emergency summit meeting here on Tuesday ended without the Athens government offering a substantive new proposal to resolve its debt ...
Rift Emerges as Europe Gears Up for New Talks on Greece Bailout
July 7th, 2015
Germany continued to maintain a hard line with Athens on Monday, just a day after Greek voters decisively rejected a bailout deal from its creditors. But some European countries showed a willingness to soften the push for austerity that ...
