Kamikaze Brexiteers may end up in a hell of their own making Hell hath no fury like a Brexiteer scorned. From the backlash this week, you would have thought that European Council president Donald Tusk had suggested that the EU get custody of the Queen in the Brexit divorce. “I’ve been wondering what that special place in hell looks like, for those who promoted Brexit, without even a [...]
Former Greek finance minister Yanis Varoufakis blasts Donald Tusk over Eurozone crisis in response to ‘hell’ tweet Former Greek finance minister Yanis Varoufakis blasted European Council president Donald Tusk today for the EU’s role in the Eurozone crisis. Varoufakis was responding on Twitter to Tusk’s tweet yesterday that said: “I've been wondering what that special place in hell looks like, for those who promoted #Brexit, without even a sketch of a plan [...]
Labour leadership election 2015: Jeremy Corbyn to meet former Greek finance minister Yanis Varoufakis at anti-austerity meeting in London Anti-austerity fans have something to look forward to next week, when the former Greek finance minister Yanis Varoufakis and Labour leader hopeful Jeremy Corbyn will share a platform to discuss alternatives to spending cuts. The two men will debate "austerity, humanitarian disaster and [the] market meltdown" – though of course, Corbyn may be leader by [...]
Leaked Yanis Varoufakis parallel currency plan to hack government databases sparks Greek backlash July 27, 2015 Greek politicians demanded answers from Prime Minister Alexis Tsipras yesterday after a leaked recording revealed former finance minister Yanis Varoufakis was planning to hack into government databases to help start a parallel currency. Yesterday, the Official Monetary and Financial Institutions Forum released a recording of the conversation held between him and investors. “We [...]
Greece votes no: European markets dip as selloff begins July 6, 2015 European markets dipped today after the chances of a Greek exit from the Eurozone looked stronger than ever – although the dip wasn't as strong as expected. Having opened more than one per cent down after the Greek people voted against bailout conditions set by the country's lenders, the FTSE 100 later recovered some of [...]
Greek debt crisis: Finance minister Yanis Varoufakis resigns despite referendum “no” vote July 6, 2015 Greece's finance minister Yanis Varoufakis resigned his post today, despite the Greeks' resounding "no" vote in Sunday's referendum. The economist praised the electorate for "the great capital bestowed upon our government by the splendid no vote" – but said it was clear he could not remain in his position. Varoufakis, who had previously threatened to [...]
Greek referendum: European markets dip as court prepares to rule on referendum July 3, 2015 European markets closed down today as Greek court prepared to rule on the legality of Sunday's referendum on creditors' bailout conditions. Read more: Even pro-Europeans admit the Greek crisis has been disastrous for the EU The FTSE 100 closed down 0.67 per cent, while Germany's Dax closed down 0.37 per cent and France's Cac was 0.57 [...]
Jeroen Dijsselbloem: There will be no negotiations if Greece votes no in the referendum July 2, 2015 Greece's creditors will not negotiate with its leaders if voters reject their bailout terms in a referendum to be held on Sunday, Eurogroup president and Dutch finance minister Jeroen Dijsselbloem has warned. At a parliamentary committee, Dijsselbloem called the idea there could be further talks after a "no" vote an "illusion" which must be "swept [...]
Tsipras lashes out at lenders ahead of poll July 1, 2015 The Greek government’s standoff with its bailout providers descended deeper into farce yesterday after Prime Minister Alexis Tsipras put a new offer on the table, only to insist later in the day that a referendum will go ahead on a previous offer made by its creditors. International stock markets jumped on reports that Tsipras was [...]
How Twitter became Alexis Tsipras’ secret weapon in Greek negotiations June 29, 2015 Late on Saturday evening, as Europe was still reeling from Greece’s decision to walk away from the negotiating table to hold a referendum on a reform package proposed by its creditors, the country’s Prime Minister, Alexis Tsipras, started tweeting. https://twitter.com/tsipras_eu/status/614922800709636096 Minutes later, he followed it up with another proclamation: https://twitter.com/tsipras_eu/status/614923748504940544 Then [...]