Greece
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Troika

EU Executive Publishes Offer that Tsipras Rejected

The European Commission has published the last set of proposals agreed by the Troika of creditors and offered to Greece late last week saying that it could have led to a comprehensive agreement before the Greek government walked away...

Grexit – Critical Times for Greece

Yesterday, supporters of Greece against IMF EU-Troika’s economic blackmailing tactics to break down the Greek spirit brought thousands of people out into the streets. It was a great success attracting masses of people of all nationalities to flood squares...

Audit Committee: Greece's Debt 'Illegal, Illegitimate and Odious'

The debt imposed on Greece and its residents by creditors directly infringes the human rights of Greeks and is "illegal, illegitimate and odious," according to the preliminary report issued on Wednesday by the Audit Committee on Public Debt. The Greek Parliament earlier...

Democracy vs Banks

Greece and the new Tsipras government have been facing a brutal attack by international creditors. A classic economic war has ensued between a lender and a borrower; with the lender attempting to assert his authority and the borrower demanding loan...

Greek FinMin Varoufakis: Alleged 1.8 Bln Euro Gap Is Part of the Effort for Further Austerity

European Commission President Jean-Claude Juncker's statement for a 1.8-billion-euro VAT deviation between Greece and its partners is an effort from the creditors' side to impose further austerity on Greece, Finance Minister Yanis Varoufakis said on Wednesday. Varoufakis said that...

Creditors Reject Varoufakis' VAT Proposals, Greek FinMin Speaks of 'Domestic Troika'

Greece's creditors rejected Finance Minister Yanis Varoufakis' VAT proposals. Meanwhile, Varoufakis spoke of a "domestic Troika" who keeps arguing against his proposals. Varoufakis had proposed a 15% VAT for payments made by debit or credit card and 18% for cash payments. At the...

Main Opposition Says Eurogroup Meeting Showed it is Actually Discussing Review of 2nd Bailout

Main opposition New Democracy on Monday said the government has lied and that what is being discussed with Greece’s lenders is indeed the review of the country’s second bailout program and not a “bridge agreement.” Commenting on the outcome of...

ND Leader Samaras: The Country Is Being Led to a New Memorandum

Main opposition New Democracy (ND) leader Antonis Samaras estimated that the country is being led to a tax storm raid and to a new memorandum resulting into the creation of recession and new deficits, speaking on Saturday to a...

Greek FinMin: Demand for Further Austerity in the Public Sector Irrational

A troika demand for further austerity and shrinking of the public sector, without taking in mind the impact on the Greek society and economy, serves only a strict implementation of lending terms and it is not based on some...

Greek Govt Vice President: We Will Not Cross Our Red Lines in Negotiations

The Greek government's intention not to cross the red lines it has set in regards to the ongoing negotiations with the country's partners expressed, yet again, yesterday government Vice President Giannis Dragasakis. In an interview to Greek newspaper "To Vima," published...