Eurozone

Greeks are the Least Optimistic Europeans About the Future of the EU

Greeks are the least optimistic Europeans concerning the future of the European Union, while the two main concerns across Europe are immigration and climate change, according to the latest Eurobarometer, which was released on Monday. According to 34 percent of respondents...

New Book Reveals How Grexit Was About to Become Reality in 2015

A new book published on Thursday about the history of the European Stability Mechanism (ESM) reveals new details of how Greece's exit from the Eurozone was on the table for negotiations in 2015. Perhaps most surprisingly, this was the...

Greece's Borrowing Now Costs Same As Italy's; 10-Year Bond Hits Record Low

The interest rate for Greece's ten-year bond yield fell on Friday to an all-time low, reaching levels under three per cent, for the first time ever in history. The Greek interest rate fell a further seven basis points, and is now...

World's Safest Currency? New €100, €200 Banknotes Enter Circulation in Europe (video)

The new €100 and €200 euro banknotes officially entered circulation across the Euro Area on May 28. The European Central Bank (ECB) can now pride itself for having developed some of the world's most sophisticated security features for currency. The...

Germany's Schaeuble Admits Greece in Much Better Shape Now

Germany's former finance minister Wolfgang Schaeuble admitted on Friday that the Greek economy is in a much better position than it was eight years ago. Speaking with Greece's TA NEA newspaper, the German politician noted that "Greece is in a...

Ex-PM Samaras Reveals Chancellor Merkel First Proposed Temporary Grexit in 2012

The former Prime Minister of Greece, Antonios Samaras, revealed in a documentary aired by SKAI on Thursday night, that Angela Merkel proposed a temporary Grexit in 2012. Samaras, speaking in the latest episode of SKAI TV's ''Greek Bankruptcy'' documentary, explained...

No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece

The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece. This amount of money is the first tranche of approximately €4.8...

Greek Finance Minister Tsakalotos Says SYRIZA Government Made Mistakes in 2015

Speaking at an event in Paris on Wednesday evening, Greek Finance Minister Euclid Tsakalotos admitted that the SYRIZA government made mistakes during the 2015 negotiations with European and international creditors of Greece. Tsakalotos said in front of an audience at the...

Former PM Pikrammenos Asked Obama to Mediate Between Greece and Creditors During Crisis

The former caretaker Prime Minister of Greece, Panagiotis Pikrammenos, admitted that he sent a letter to Barack Obama in 2012, asking him to intervene in order to prevent the imposition of capital controls in Greece. The startling admission came...

Despite Financial Crisis, Greece Still Better Off In the Eurozone

The Center for European Policy (CEP) published a study on Monday which states that Greece added €2 billion to its economy in the sixteen years between 2001 and 2017. This figure is of course quite low compared to other Eurozone...