The talks still continue but good news is on the horizon as yet another political party, the Democratic Left, has backed out of the Unity coalition.
Please consider Greece's moderate left says no government possible
The moderate Democratic Left party in Greece says it will not join pro-bailout parties in a coalition without the more radical far-left Syriza.
One phrase echoed from Brussels to Frankfurt and Washington as Greece’s creditors examined and then waved through the country’s new economic policies: “starting point.”
While the month-old government in Athens was praised for coming up with a workable package of measures including maintaining state-asset sales and collecting more tax, the European Commission, European Central Bank and International Monetary Fund all warned that action speaks louder than words.
OTTAWA — Canada’s free-trade deal with the European Union may have switched gears, but government officials here say its scheduled start time hasn’t changed — it just might not be quite as neat and tidy as planned.
The original fast-track approval process of the Comprehensive Economic and Trade Agreement (CETA) has since been expanded to give the 28 EU member states the final approval — but the new, longer track won’t bring the process to a halt.
Rather, the signatories would need to agree to the trade pact provisionally, and then work out the details later.
Athens (AFP) - The Athens stock exchange slipped further Tuesday as bank shares were battered for a second straight day, while Finance Minister Euclid Tsakalotos held a new round of talks with Greece's creditors on the terms of a mammoth new bailout.
Questionable GambleIn the wake of reneging on major election promises, Greek prime minister Alexis Tsipras resigned and called for snap elections. He did so out of fear of losing a vote of confidence that would have forced the same result down the road. In addition, Tsipras wanted the vote out of the way before further rounds of pension cuts and tax hikes took their toll on the economy.His gamble now appears questionable.