Greece
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“Grexit

German FinMin Schaeuble: Tsipras' Govt Damaged Improving Greek Economy

German Finance Minister Wolfgang Schaeuble has accused the newly elected Greek leftist-led government for backsliding on reforms and destroying the economic progress achieved by its predecessors. Moreover, the Eurogroup hardliners leader highlighted that no one expects a resolution of the standoff...

Alan Greenspan Predicts Greek Exit from Eurozone Inevitable

Alan Greenspan, former chief of the US Federal Reserve from 1987 to 2006, predicted a Grexit. Speaking to BBC, Greenspan said he could not see who would be willing to put up more loans to bolster Greece’s struggling economy. “I believe will...

Austrian Chancellor: Grexit Option Must be Eliminated

“We should save Greece and Europe from a Grexit option,” Austrian Chancellor Werner Faymann underlined in a newspaper interview ahead of Greek Prime Minister Alexis Tsipras' visit on Monday. In the interview to be published on the Sunday issue of Austrian newspaper “Kurier,”...

EU Commissioner Moscovici: Eurozone Needs Greece and Greece Needs Eurozone

European Union Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici, talking with BBC’s "Hardtalk," expressed the Eurozone’s determination to “do everything” to prevent a Grexit. As he said, Greece belongs in the Eurozone and the single...

Former IMF Official: Greek Debt Must be Cut by 50%

Former International Monetary Fund (IMF) European Department Director until 2014 and supervisor of Poul Thomsen, Reza Moghadam, requested the write-off of half of Greece's debt. In a letter to The Financial Times on January 26, the current Vice Chairman...

Austrian Chancellor Faymann: EU to Stand by Greece

His opinion that the European Union should stand by Greece expressed Austrian Chancellor Werner Faymann, calling, at the same time, for talks on the so-called Grexit to stop. In an interview with Austria's public radio, Faymann underlined that "whoever...

Working for the Yankee Dollar: United States, the Unexpected Winner of Greek Elections

Sunday's Greek elections had more than one winner. In fact, several winners emerged from the ballot, some completely unexpected. SYRIZA scored the first victory of a leftist party in Greek history. Next to SYRIZA, the full of contradictions Independent Greeks...

EBRD 'Freezes' Six-Billion-Euro Loan to Greek Businesses Until After Elections

With the critical Greek elections just 5 days away, the European Bank for Reconstruction and Development (EBRD) has spread disappointment to the country’s business world as it put off a decision over its operation in Greece until after the polls. The...

Seven Billion Euros Transferred Outside of Greece Since Elections Announcement

Some seven billion euros have been transferred out of Greek banks since late December, when the Parliament failed to elect a new President of the Hellenic Republic and snap general elections were announced, according to banking sources. The pressure...

ECB Executive: Talk of Grexit Unreasonable and Unrealistic

The speculation of a possible Grexit, which lately dominates the Greek public sphere, ruled out European Central Bank (ECB) executive board member Benoit Coeure in an interview with the Irish Times. Coeure characterized such scenarios as "unreasonable and unrealistic." When...