Greece's debts: no separation of church and state
I am amazed to find that a previous regime here decided to enrol every single priest as a civil servant and pay them as such – together with their pensions.
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I am amazed to find that a previous regime here decided to enrol every single priest as a civil servant and pay them as such – together with their pensions.
As the first money from a third bailout is paid out, the Greek Prime Minister Alexis Tsipras submits his resignation, telling the Greek people he did his best, but the people must now pass judgement.
There were chaotic scenes outside a stadium on the Greek island of Kos yesterday, as hundreds of migrants fought to be registered.
There is now the basis of a deal to keep Greece in the eurozone – but it involves the crushing of a government elected on a landslide and the flouting of a referendum.
Eurozone leaders have reached an agreement to provide an 86bn euro bailout to keep the near-bankrupt Greece in the single currency.
“The most important currency has been lost,” remarked a rueful Angela Merkel on her way into the Eurozone talks today, “and that is trust.”
Parliament votes in favour of painful reforms put forward by Greek Prime Minister Alexis Tsipras, but will it be enough to secure a bailout from European powers?
Behind the calm in Greece people are beginning to panic. Tsipras needs to do a deal – but not one that humiliates his country.
If Angela Merkel has her way, the euphoria in Athens about Sunday’s referendum result will prove short lived. There is a discernible hardening of attitudes in Berlin.
Berlin had calculated that the Greek people would come to their senses and vote yes. The opposite happened – and Chancellor Merkel must now untangle a Gordian knot of a problem.
The EU leadership told Greeks a No meant exit from the eurozone. The Greek government said they were bluffing. We’ll find out who’s right soon.
Provisional results suggest at least 61 per cent of Greeks have voted against the terms of the bailout deal offered by the country’s creditors
The last opinion polls showed the No vote leading by a small margin as Greeks voted in a referendum that could decide whether the country stays in the eurozone.
The IMF’s report yesterday got swamped amid the gloom, despondency and fractiousness of the Greek crisis. It said, in short, Greece’s debt has become unsustainable.
Politicians with Greece’s ruling Syriza party, including Prime Minister Tsipras, say the country should vote no in Sunday’s referendum, as the Bank of England warns of a “very dangerous” situation.