Greek debt
Economy
Could Greece’s Debt and Bailout Plan Be Illegal?
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By Belén Olmos Giupponi*, University of Stirling
As Greece and its international creditors race to agree on a bailout deal, the issue of the legality of Greek debt has been raised. The Greek parliament’s Truth Commission on Public Debt has released...
Economy
What Do I Think of the New Greek Austerity Plan?
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This week the Greek government sent its new proposals for austerity to Brussels. We asked a financial analyst and investment advisor to tell us his thoughts on the new Greek package that is now being discussed in Brussels as a basis...
Economy
New Greek Government Measures Exceed the Taxes of Previous Bailouts
The Greek government's proposal, in order to make a deal with the country’s creditors, was accompanied by taxes amounting to 7.9 billion euros, while the taxes on the two previous bailout programs amounted to 7.7 billion euros in total.
The...
Economy
Greek Crisis Featured on Economist's Front Page Seven Times
Even though a small country like Greece is rarely featured on the front page of prestigious British magazine The Economist, after the crisis broke more than six years ago, Greece has had the… honor of being on the magazine's cover not...
Economy
The New Greek Debt Deal Is Like the Old Deal After 4 Months of Talks
The dreaded "memorandum," the dirtiest 10-letter word in Greece's recent vocabulary, is back on the lips of Greek people. A simple business term that became the word that shall not be spoken is now back, with a vengeance.
The unspoken...
Economy
Foreign Media Reports on European Leaders Summit
The prospect of an agreement continues to test SYRIZA’s strength, while talks are being held under stressful conditions. The catalytic role in bridging the gap and reaching an agreement will be played by German Chancellor Angela Merkel and Greek...
Economy
Beijing Hopes Greece Will Soon Exit the Crisis
The Chinese Foreign Ministry spokesman Lu Kang noted that he has not been informed on whether his country would provide assistance to Greece, while he expressed the hope that Greece can overcome its debt crisis soon.
According to Reuters, Lu...
Economy
Tsipras on Greek Debt: 'Now the Ball is in Europe's Court'
Greek Prime Minister Alexis Tsipras spoke with reserved optimism after coming out of the emergency Eurozone summit on the Greek debt in Brussels a little after midnight on Monday.
"We presented our proposal to the institutions, a proposal that includes...
Economy
Greek President: Parliament Debt Committee Report Will Help Greece's Path in Europe
The Greek Parliament's Public Debt Committee aims at assisting Greece’s sustainable path within the Eurozone, President of the Hellenic Republic Prokopis Pavlopoulos said on Monday as he received the Committee’s report by Parliament President Zoe Konstantopoulou at the Presidential Mansion.
“The work and...
Economy
Greece Sends New Proposal Ahead of Emergency Euro Summit
The Greek government sent its new proposal to the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) around 1:00 am on Monday.
The European Commission chief of staff Martin Selmayr confirmed that the new, improved...