EU Summit cancelled – chances of Greece’s salvation are slim
President of the European Council Donald Tusk today announced that the EU Summit, which was to be held tonight because of the Greek crisis, was cancelled and representatives of the 19 member states of the Eurozone continue to negotiate a financial bailout of Greece.
Previously,...
New meeting of Eurozone finance ministers for Greece
The finance ministers of the Eurozone countries will today meet at a new extraordinary meeting in Brussels after yesterday failing to agree whether to support the plan for a new Greek assistance program or to cut off Greece from the common European currency.
- We...
Kodzias next week in Kosovo, Albania and Bosnia
Greek Foreign Minister Nikos Kodzias plans a second tour of the Balkans.
Kodzias next week will visit Kosovo, Albania and Bosnia, i.e. states circumvent in his visit in June when he came only to Macedonia, Serbia and Montenegro.
As the Greek Ministry of Foreign Affairs informed,...
Greece won’t miss the deadline of the EU
After yesterday's summit in Brussels, Greek Prime Minister Alexis Tsipras headed towards Strasbourg, where he addressed the European Parliament and explain the position of his country.
Tsipras said that his country had become "a laboratory for the austerity measures."
- Rescue plan is in force for...
Tsipras before the key 48 hours
Greek Prime Minister Alexis Tsipras is facing the most intense 48 hours in his prime ministerial career. Torn between the Greek "no" to the rigorous measures, pressures from the extreme wing of SYRIZA not to accept European pressures, agreement and promise to most of...
Dijsselbloem: We await a proposal from Greece until tomorrow
European finance ministers tomorrow will wait for new official Greek proposal in writing until tomorrow. The head of Eurogroup Jeroen Dijsselbloem, after today nearly three-hour meeting of finance ministers, announced that tomorrow there will be a new teleconference of the Eurogroup, on which the...
Full Greek proposal tomorrow?
According to unofficial information, Greece today didn’t submit new proposals to creditors. Greek media cite government sources and report that Greece submitted the proposals of Prime Minister Alexis Tsipras from last week to the negotiating table of the Eurogroup, which at that point were...
Hahn: Greece should remain in Eurozone
EU Commissioner for Neighborhood Policy and Enlargement Johannes Hahn said Greece should remain in the Eurozone and that he is confident that everything will be done for it to be so.
In an interview with Austrian national television ORF, Hahn stressed that it is now...
ECB extends financial aid to Greece under stringent conditions
Greece received green light from the European Central Bank for the extension of emergency assistance for liquidity, but at a higher price. ECB decided to continue the program in the same framework, but cut collateral guarantees, which are used for bank liquidity.
According to analysts,...
Greek leadership meeting ended with a joint declaration for support of Tsipras
Marathon meeting between the Greek Prime Minister and the leaders of the Greek political parties led to a joint declaration which gives support to the Greek government to submit a new proposal to its creditors.
The declaration is expected to be shortly announced by Prime...
Tomorrow extraordinary EU summit dedicated to Greece
German Chancellor Angela Merkel and French President Francois Hollande convened an extraordinary summit of the European Union for tomorrow, which is dedicated to Greece.
The two leaders agreed that the decision of the Greek people must be respected.
Hollande and Merkel will discuss the outcome of...
Tsipras in a race against time for a new agreement
Greek government begins a dynamic race to reach an agreement after the Greek referendum. After the resignation of Yiannis Varoufakis and his tactical replacement from his position as finance minister, now the National Council of political leaders sits presidential palace and will discuss plans...
Varoufakis resigns
The wave of dramatic changes after the Greek referendum continues.
Finance Minister Yannis Varoufakis resigned early this morning. Through text on his personal blog titled "Minister no more", Varoufakis announced he was stepping down from the second hardest position in the country.
According to his statement,...
Samaras resigns
The leader of the opposition New Democracy Antonis Samaras resigned after the strong “no” of the Greek people against European measures. Samaras asked PM Tsipras to bring the agreement to the Greek people in order to appease society and put an end to the...
Tsipras agreeing next steps, the Greeks celebrate at Syntagma
Supporters of the policy of SYRIZA loudly celebrate at Syntagma Square, while Greek government is in session and contacts European leaders. According to information, Prime Minister Alexis Tsipras has already spoken with Chancellor Angela Merkel on her meeting with French President Francois Hollande on...
Greece: More than 61 percent of voters are against European measures
Greece clearly said “no” to new austerity measures that would cast the country into a new recession. The first official results from the Ministry of Interior of about 20 percent of votes counted show that 60.4 percent of voters opposed the measures, while 39.5...
Varoufakis: This is a holy moment for hope
Greek Finance Minister Yannis Varoufakis assessed today's referendum as a holy moment for hope. He noted that, after five years of failures and inability to give its opinion, the Greek people finally have the opportunity to rule on the latest proposal of European lenders...
Greece before a historic decision
Greece today goes to a referendum. Citizens should answer yes or no to the latest package of measures put forward by European lenders, which include cuts in pensions and wages and increase of VAT. Polling stations were opened at 7 am this morning and...
Tsipras loses the support of Independent Greeks
The government and opposition parties will be in a race to win voters in the next 72 hours, the time remaining until the referendum in Greece. Voters will have to declare whether they are for or against measures of the European partners, which the...
Twist in Greece: Tsipras accepts European proposals with minor modifications and suggestions
It appears that Greece is changing its tune and accepts all proposals of the agreement proposed by European partners. The Greek government sent a new letter to the European institutions and the head of the IMF Christine Lagarde, in which it openly accepts all...
