Search Results for: Greek government
Greece debt crisis: Greek voters reject bailout offer
July 6th, 2015
Greek voters have decisively rejected the terms of an international bailout. The final result in the referendum, published by the interior ministry, was 61.3% “No”, against 38.7% who voted “Yes”. Greece‘s governing Syriza party had campaigned for a “No”, ...
IMF warns of huge financial hole as Greek vote looms
July 3rd, 2015
The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country’s future in Europe. Days after Greece defaulted on ...
Greek meltdown has UAE tour operators scrambling for holiday alternatives
July 2nd, 2015
As the Greek debt crisis drags on, scaring away potential visitors, tour operators in the UAE are looking at alternative destinations for the summer. The Mediterranean nation is technically in arrears after having missed its €1.6 billion (Dh6.52bn) payment ...
10 things they’re not telling you about the Greek crisis
July 2nd, 2015
People from different countries, economists, politicians, professors are speaking about the Greek crisis and what is right and what is wrong about it. Everybody express their opinion and everybody seems to be right. Why this is happening and who ...
How Investors Should React to the Greek Crisis
July 2nd, 2015
Step one: Don’t panic. Even from afar, it’s hard for U.S. investors to ignore the Greek economic crisis, which continues to roil global markets. After Greece saw its bailout funds expire Tuesday—and became the first developed country to fail ...
Asian stocks gain as US data eclipses Greek risk
July 2nd, 2015
Asian stocks were higher on Thursday as strong U.S. payroll data overshadowed worries about Greek debt. KEEPING SCORE: Japan’s Nikkei 225 rose 1.2 percent to 20,564.59 while South Korea’s Kospi added 0.4 percent to 2,106.20. Hong Kong’s Hang Seng ...
Greeks lose Apple iCloud space as capital controls stop payments
July 1st, 2015
Some Apple Inc. customers in Greece started to experience a disruption to service on Tuesday as controls on the movement of money began to grip the indebted nation. Since Monday, Greek credit cards cannot be used to make payments ...
Greeks are rushing to Bitcoin
June 30th, 2015
With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro. The world’s largest Bitcoin exchanges tell CNNMoney they’ve seen a surge of business ...
Greek referendum is a Machiavellian plot
June 29th, 2015
Alexis Tsipras gambles on Greece’s future with a sham referendum. A few days ago, in the euro summit on June 22, all indications were that Europe’s political beasts and IMF representatives were ready to accept the latest proposal of ...
Capital controls: How Greeks and tourists will be hit
June 29th, 2015
For the average Greek, capital controls have now gone from threat to reality. But what does this mean in practice? On Monday morning, employees of the National Bank of Greece, the country’s largest commercial bank, were continuing to go ...
