Alexis Tsipras: Lenders want Greece to return to growth June 10, 2015 Greece’s Prime Minister emerged from another round of crunch talks with the country’s creditors in the early hours of this morning, insisting that his fellow leaders are leaning towards his way of thinking. Alexis Tsipras met with Angela Merkel and Francois Hollande in Brussels and when he left the building he insisted the German and [...]
The Eurozone will collapse without Greece – Tsipras June 9, 2015 The Eurozone will fall apart if Greece leaves, according to Greek Prime Minister Alexis Tsipras. Tsipras said a Grexit would be “the beginning of the end” for the Eurozone, saying markets would be spooked and would begin looking for a new weakest link. His comments come a day after Angela Merkel warned Greece was running [...]
Athens stocks jump as Greece submits new reform proposal to its creditors June 9, 2015 The European Commission (EC) confirmed today it has received a new reform proposal from Greece, which could finally unlock bailout money for the embattled nation. Read more: How to lose friends and alienate people – Tsipras faces backlash Reuters reported officials from the EC had confirmed receipt of the document, which was originally due on [...]
Alexis Tsipras faces backlash as bankers insist euro would not be harmed by Grexit June 8, 2015 World leaders piled pressure on Greece yesterday by calling for the indebted country to accept unpopular reforms, with Prime Minister Alexis Tsipras striking an increasingly isolated figure. From the picturesque alpine resort that played host to this week’s G7 meeting, US President Barack Obama and German Chancellor Angela Merkel insisted that Greece must accept tough [...]
Angela Merkel on Greece deal: Not much time left June 8, 2015 There's not much time left to get a deal on Greece, German Chancellor Angela Merkel admitted today. At a press conference following the G7 summit in Kruen, in the south of Germany, Merkel said that while Greece's creditors "want [it] to remain part of the eurozone", "there isn't much time left" to make a deal. [...]
The Greek crisis will end in calamity: You can’t reconcile the irreconcilable June 7, 2015 Despite conventional wisdom almost constantly (and falsely) reassuring the public in literally thousands of columns that all would come right in the end, here we are, exactly as I said, on the edge of the abyss regarding the Greek crisis. The latest ‘final’ deadline for Greece to release the magical last €7.2bn of its current [...]
Greek Prime Minister Alexis Tsipras to meet Vladimir Putin on 18 June, as fears grow Greece could break Ukraine sanctions June 6, 2015 Greece last night played a new card in the tense stand-off with its creditors and turned to Russia for help, reigniting fears the country could break EU sanctions over Ukraine. Greek Prime Minister Alexis Tsipras said the austerity measures leveled at his country were “absurd.” He said the Eurozone and the IMF – Greece’s creditors [...]
Hanging on the telephone: Greek Prime Minister Alexis Tsipras arranges call with Vladimir Putin June 5, 2015 As the chances of Greece ever unlocking that €7.2bn emergency loan look increasingly bleak, the country's embattled Prime Minister, Alexis Tsipras, has taken a step towards a decidedly nuclear option. The FT reported that Tsipras has arranged a call with Russian President Vladimir Putin later today. Apparently there isn't much information on what will be discussed – [...]
European markets tumble on Greek IMF payment delay June 5, 2015 European markets reacted badly to the news that Greece has been given the go-ahead to bundle a €300m (£220m) payment due to the International Monetary Fund (IMF) today into one large payment at the end of the month. Read more: Can only fiscal integration secure the Eurozone's future? The FTSE 100 was down 0.43 per cent [...]