VIENNA (Reuters) - Eurogroup head Jean-Claude Juncker warned Greeks not to turn their backs on the euro, saying in a newspaper interview that a win by anti-bailout radical leftists in a vote on Sunday would have "unforeseeable" consequences for the monetary union.
VIENNA (Reuters) - Eurogroup head Jean-Claude Juncker warned Greeks not to turn their backs on the euro, saying in a newspaper interview that a win by anti-bailout radical leftists in a vote on Sunday would have "unforeseeable" consequences for the monetary union. The radical leftist SYRIZA party is racing neck-and-neck with the conservative New Democracy party ahead of the election, which could decide if Greece stays in the euro zone and spread turmoil across global financial markets. SYRIZA leader Alexis Tsipras is threatening to tear up the punishing terms of the 130 billion euro ($164. ...
Eurogroup head Jean-Claude Juncker warned Greeks not to turn their backs on the euro, saying in a newspaper interview that a win by anti-bailout radical leftists in a vote on Sunday would have "unforeseeable" ...
ATHENS/WASHINGTON: The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Days after Greece defaulted on part of its IMF debt, the Fund, part of the lenders' "troika" behind successive international bailouts, said Greece needed an extra 50 billion euros over the next three years, including 36 billion from its European partners, to stay afloat. It also needed significant debt relief.
ATHENS: Greece's Prime Minister Alexis Tsipras got a rock-star welcome at an Athens rally Friday as he sought to revive support for a "No" vote in a referendum called to strengthen his hand in talks with international creditors. His typically charismatic turn on the stage came as the most recent polls suggested Sunday's plebiscite on Greece's latest bailout offer was too close to call, with the EU nation of 11 million people evenly divided.
It's Groundhog Day once again as Greek crisis talks for debt deal pushed to Monday
Coalition backers held a five-hour meeting late Sunday with Prime Minister Lucas Papademos to hammer out a deal with debt inspectors representing eurozone countries and the International Monetary Fund — but again failed to reach an agreement.
Few are actually saying so, but the snap referendum that Greek Prime Minister Alexis Tsipras has called for Sunday about whether to accept the harsh terms imposed by the European Union in return for yet another bailout is really a ballot on Tsipras’s own political future.
It wasn't even a full 24 hours after Greece raided at least some of the funds of its pension and other public entities in order to make a €310 payment to the IMF, the first of four this month (the balance is 350 million on March 13, 580 million on March 16 and another 350 million on March 20), that the insolvent country resumed doing what it does best: dispensing hollow threats.
Dublin (AFP) - IMF chief Christine Lagarde on Monday warned of "consequences" if European countries try to renegotiate their debts, ahead of Greek elections which an anti-austerity party is tipped to win.
The question of the day, to which we all know the answer (but I want to ask the question anyway), Are the Nannycrats Afraid of Democracy?
Here is a comment someone posted on the Guardian Greek Election Blog
Athens (AFP) - Greece's parliament will try to elect a president on Monday in a last-ditch bid to avoid snap general elections that could bring the hard-left to power and spark new concerns over the eurozone economy.