Greece
Economy
Greek Public Sector Union ADEDY Calls For 24-Hour Strike Against New Bailout Deal
The Greek Public Sector Union (ADEDY) urged citizens working in the country's public sector to stage a 24-hour strike on Wednesday and express their opposition to the new 86-billion-euro bailout deal Greek Prime Minister Alexis Tsipras agreed on Monday morning with the country's...
Economy
SYRIZA Left Platform Likely to Reject Bailout Deal in Greek Parliament
Greek Prime Minister Alexis Tsipras is likely to face internal strife over his 86-billion-euro agreement with international creditors on Monday.
The deal, which was struck after 17 hours of deliberations and will include more measures and reforms than the ones Greece...
Economy
IMF Ready to Work with Greece and Europe
The International Monetary Fund (IMF) said on Monday it is ready to work with the Greek authorities and its European partners to help moving forward an agreement reached during a Euro Summit earlier in the day.
IMF Director of Communications Gerry Rice said in a...
Economy
Eurogroup President: Bridge Financing for Greece Is Complex
Dutch Finance Minister Jeroen Dijsselbloem spoke after Monday morning's agreement on a 86-billion-euro bailout for Greece.
Aside from finally reaching a deal with Greece, Dijsselbloem had another reason to be cheerful on Monday. During this Eurogroup he was reelected as Eurogroup President.
The Dutch...
Economy
Greek Defense Minister: This Bailout Deal Is a Coup
The first signs of dismay -but not necessarily of a crack- in the SYRIZA-ANEL coalition government regarding the 86-billion-euro bailout deal appeared just a few hours after Greek Prime Minister Alexis Tsipras agreed with international creditors in Brussels.
Defense Minister and Independent Greeks (ANEL)...
Economy
Greek Govt Has to Take Several Laws Back or Receive Revenues from Equivalents
The Greek government has to take back bills and amendments that were unilaterally decided after the February 20 bailout extension agreement was signed.
One of the creditors' many requirements attached to the new bailout package says that "with the exception of...
Economy
Podemos: 'They Are Trying to Convert Greece Into a Protectorate'
A high-profile member of Spanish anti-austerity political party Podemos denounced on Monday the recent cash-for-reforms bailout deal between Athens and its international creditors and said it seems like a "financial coup d' état" aiming to transform Greece into a European "protectorate."
Former...
Economy
Euro Summit on Greece: Behind the Scenes
A lot has happened during 17 hours of talks on the Eurozone's future.
Before Greece and its creditors agreed on a new 86-billion European Stability Mechanism (ESM) program, there were multiple interruptions and as the night went on, reports of impasses and confrontations...
Greece
Greece's SYRIZA Party on the Path of Division
Greece's governing SYRIZA party is slowly moving toward splitting up after Greek Prime Minister Alexis Tsipras signed an agreement with the country’s creditors in Brussels, requesting for more austerity measures.
30 SYRIZA MPs have gathered to discuss about their position in the current...
Economy
Analysts Question the Greek Parliament's Will to Vote the Agreement
After Eurozone leaders announced they had finally reached an agreement, markets reacted promptly and positively to the good news. However, leading market analysts are questioning the agreement benefits and are wondering why everyone rushed to celebrate.
M&G Investments’ Jim Leaviss noted...