Tag: financial crisis

The Greek government is on yet another crossroads. The casting of votes for the new package of measures will show how much support the Government lead by SYRIZA and Prime Minister Tsipras can enjoy from the party’s own rank. The leftist party has inched even closer to dissolution following yesterday’s appeal by former energy minister Panagiotis Lafazanis, who called...

The new priority measures for Greece have the adopted, however Alexis Tsipras did not get the support for his demands for a broader support of his party Syriza. In the marathon parliamentary discussion which finished with a vote at four in the morning, the measures were supported by 230 of 298 of the present MP’s; 63 voted against and...

Greek Prime Minister Alexis Tsipras returns to Greece with a commitment the Greek Parliament to vote on the whole list conditions and priority actions agreed at the 17 hours of negotiations on a new Greek assistance in Brussels until Wednesday. Plan B for Greece’s exclusion from the Eurozone is avoided, but for Greece to proceed to negotiations and the payment...

Eurozone leaders reached an agreement on financial assistance to Greece, which for five months was trying to find a compromise with creditors. President of the European Council Donald Tusk via "Twitter" announced that agreement with Greece has been reached "unanimously". "Everything is ready for the European stability mechanism to provide financial assistance to Greece in exchange for serious reform," Tusk wrote. https://twitter.com/eucopresident/status/620486708233129984 He...

The finance ministers of the Eurozone today afternoon completed the session of the new reform proposal for Greece, which should enable financial assistance to it. For outstanding questions, the leaders of the 19 Eurozone countries will continue to discuss this evening. The head of the Eurogroup, who in the past two days was in session nearly 15 hours, Jeroen Dijsselbloem,...

The eyes in Greece remain turned to Brussels. The hopes are that the scenario for exiting the Eurozone slowly fades primarily due to the cancellation of the summit of 28 EU member states, instead of which, only summit of the leaders of the Eurozone will be held. This step is seen as the first sign that it is possible...

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, EC Vice-President Valdis Dombrovskis said that the Commission assessed that "the prospects are quite slim"...

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 could not agree, we will continue tomorrow - said late last night Dutch minister and...