Greece will need a fourth bailout due to unsustainable debt pile says former finance minister
George Papaconstantinou was Greek finance minister from 2009 to 2011 CREDIT: AP Tim Wallace Telegraph 22 FEBRUARY 2017 Greece will need a fourth bailout as its debts remain utterly unsustainable … Continue reading
EU faces crisis as IMF warns Greek debts are on ‘explosive’ path
Greece’s debts are going to mount unsustainably, the IMF believes, unless the country undertakes serious reforms – and receives more bailouts from its eurozone neighbours CREDIT: MARKO DJURICA/REUTERS Tim Wallace … Continue reading
Greek debt crisis: an existentialist drama with no good end in sight
Larry Elliott Sartre’s Huis Clos has three damned souls arguing in a room for eternity. Greece has Tsipras, Schäuble and Lagarde. Now there’s a fourth: enter stage right Donald Trump … Continue reading
The Greek crisis will flare up again. And why should it not?
Larry Elliott With ongoing austerity and low demand, Greece was never going to manage any sort of growth or budget surplus Greek Prime minister Alexis Tsipras speaks about constitution reform … Continue reading
Germany ready to give Greece financial aid to tackle refugee crisis
Berlin acknowledges Greek economy too weak to cope with influx and is willing to give support in return for more robust border controls Refugees and migrants line up to board … Continue reading
Greece’s new government and the Troika have to face the awful truth
“Greece is held prisoner in an ugly cage – the monetary system that is the euro” How will the Troika deal with Greece now? Photo: Kostas Tsironis/Bloomberg By Roger Bootle Telegraph 20 … Continue reading
Macedonian police fire stun grenades to disperse migrants
Migrants clash with police near Greek border day after country declares a state of emergency Macedonian riot police fire teargas in an attempt to disperse protesting migrants Associated Press … Continue reading
Life for young Greek men is completely in limbo
Broke and beset by the stigma of unemployment, young Greek men are putting off serious relationships and extending their childhood indefinitely, says Yiannis Baboulias Anti-austerity protestors in Athens: youth unemployment … Continue reading
Greece should seize Germany’s botched offer of a velvet Grexit
The Versailles terms imposed on Germany in 1919 were vindictive and narrow-minded, but not beyond reach. Greece is being told to do the impossible By Ambrose Evans-Pritchard Telegraph 16 Jul 2015 … Continue reading
‘Devastated and humiliated’: Greek deal poisons Europe as backlash mounts against ‘neo-colonial servitude’
‘It is now perfectly clear to a lot of people that the only way out of neo-colonial servitude is to break free of monetary union,’ said one Syriza rebel The … Continue reading
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