Missing from the Greek deal: figures
Instead of “we were kicked out”, it would be sold as “we escaped” – and I think however positively today’s deal is spun, the push for Grexit will grow stronger as constraints become obvious.
241 items found
Instead of “we were kicked out”, it would be sold as “we escaped” – and I think however positively today’s deal is spun, the push for Grexit will grow stronger as constraints become obvious.
There is a sea change going on within Syriza. I’ve heard people who were staunch believers in a euro that can accommodate by negotiation a radical left government say, effectively, they were wrong.
The eurozone and IMF have done a deal with Greece, extending its bailout for four months in return for a commitment to run all policy measures with significant economic impact past the lenders.
Today is the Greek equivalent of Gettysburg. After the ECB agreed to extend emergency lending for Greek banks for only a few days, the Greeks have until tonight to reach a compromise deal.
Greece begins to cave in on a bailout deal offered by eurozone authorities, but Germany rejects the new proposal for an extension – so the poker game is not over.
The mood in Greece, where massive demos took place, in support of the government, is best summed up by the placard held by one old man: “We survived ’41, we can survive this.”
Citing finance ministry sources, the website Left.gr have put detail into what they believe the Greek finance minister Yanis Varoufakis has proposed to the Eurogroup:
Though the Greek PM is still talking tough, a Greek exit from the Eurozone is looking ever more possible. But a planned demonstration of public emotion could yet have the most impact of all.
The battle over Greek debt comes down to politicians versus central bankers – and who is willing to call Syriza’s bluff.
Greece’s new Syriza-run government re-writes the timetable for dealing with its huge debts, saying to Europe’s money men: “go ahead punk – make my day”.
Now the euphoria in Greece has subsided, it is being matched by astonishment in Berlin and the European Union institutions.
Being asked about Greece was a tricky wicket for the Labour leader today. But the contrast with the blatant opportunism and attack mode of the Tories is striking.
The far left Syriza party wins 149 seats out of 300 in the Greek parliament. What this means is that the EU/IMF strategy for dealing with the aftermath of the 2008 crisis is in tatters.
The far left party Syriza won the Greek elections after telling voters much of the country’s debt would be written off. How likely is this?
The exit polls put the far-left party Syriza on track to win the Greek election. If the predictions hold this is an earthquake: for Greece, for the eurozone and for centrist politics.