Greek crisis: Grexit would signal Europe’s impotence, claims French PM Manuel Valls July 9, 2015 Allowing Greece to leave the Eurozone would be “an admission of impotence,” French Prime Minister Manuel Valls has said. It was critical the country stay in the currency bloc, he said in a keynote speech today, saying a deal between Greece and its creditors – the IMF, the EC and the ECB – was [...]
Greek debt crisis: IMF’s Lagarde says debt restructuring needed July 8, 2015 IMF chief Christine Lagarde has stressed Greece's huge debt pile needs restructuring and said the organisation remains "fully engaged" with the cash-strapped country. "Greece is in a situation of acute crisis, which needs to be addressed seriously and promptly," she said during a speech at the Brookings Institution think-tank in Washington. Earlier today Greek Prime Minister [...]
Greece debt crisis: Alexis Tsipras promises reform as Greece makes third bailout request July 8, 2015 Greece has made a formal request for its third bailout and will implement tax and pension reforms as early as next week. Greek Prime Minister Alexis Tsipras promised "credible reforms" will be put forward in proposals to creditors on Thursday in return for a three-year bailout fund. "[Greece will] file new concrete proposals, credible reforms, [...]
A Grexit could wipe almost £1 trillion from global M&A activity July 8, 2015 Greece's exit from the euro would strike a severe blow to global mergers and acquisitions (M&A) activity if not managed carefully, according to a report by legal firm Baker & McKenzie. Read more: Here's what we can learn from the 10 biggest deals in pharmaceutical history Using financial modelling, it predicts that over the [...]
Grexit: Greece submits new bailout request July 8, 2015 Greece has officially submitted a new bailout request, 24 hours after it was due to present new proposals to European leaders, it has been reported. Read more: Tsipras wants final exit from crisis The news comes shortly after Greek Prime Minister Alexis Tsipras was slammed in the European parliament by a German MEP, who said he [...]
Nigel Farage: “There is a new Berlin Wall and it is called the euro” July 8, 2015 Ukip leader Nigel Farage has launched another scathing attack on the European Union and its leaders as he stood up to speak at the European Parliament during a session on the Greek crisis talks. The European project has started to die. The plan has failed. The whole of the Mediterranean finds itself in the wrong [...]
Barack Obama makes personal intervention in Greek crisis talks July 8, 2015 With Greece given five days to reach an agreement ahead of an emergency summit attended by all 28 EU member states, President Barack Obama has made his first personal intervention in the crisis in months. Obama spoke to both Greek Prime Minister Alexis Tspiras and German Chancellor Angela Merkel before the leaders gathered in Brussels. [...]
Will the ongoing Greek crisis have a positive impact on Britain’s renegotiation with the EU? July 7, 2015 Brian Monteith, communications director of Global Britain, says Yes David Cameron could not be in a stronger position in pushing for major EU reforms that retain our trading links but decouple the political interference in our everyday laws; remove the price-fixing and subsidies for energy and food producers that cost every family nearly a £1,000 [...]
Greek debt crisis: Tsipras wants a “final exit” from the crisis July 7, 2015 Greek Prime Minister Alexis Tsipras has said the country will seek a "final exit" from the crisis by submitting a reform-for-aid proposal by the end of the week. "The discussion was held in a positive atmosphere. The process will be fast, it starts in the coming hours with the aim of concluding it by the [...]
Greek debt crisis: Donald Tusk says Greece has five days to reach an agreement July 7, 2015 European Council President Donald Tusk warned Greece has just five days left to reach an agreement to save it from bankruptcy ahead of an emergency summit on Sunday involving all 28 EU members. "The stark reality is that only have five days to find the ultimate agreement," he said. "Until now I avoided talking about [...]