Greece crisis: Europe turns the screw
The Greeks arrived with a set of proposals widely scorned as “more austere than the ones they rejected”. The internet burst forth with catcalls – “they’ve caved in”.
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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.
The government has sold a 5.2 per cent stake in RBS for 330p a share – £2.1bn. But was it a billion pound loss or an astute financial decision in an uncertain market?
Chancellor George Osborne says the sale of 5.4 per cent of RBS will pay down the national debt, but the reduced price raises questions about the timing and speed of the sale.
A City trader has been jailed for 14 years for rigging Libor rates in a bid to boost his own seven-figure earnings.
RBS, Natwest and Ulster Bank customers have been complaining in their hundreds as is hit with technical difficulties for the second time in six weeks
The latest polls show collapse in popular support for Spain’s leftist Podemos party, as its Greek ally Syriza is forced to implement a harsh austerity package.
The Greeks arrived with a set of proposals widely scorned as “more austere than the ones they rejected”. The internet burst forth with catcalls – “they’ve caved in”.
The new Greek government proposals, published late last night are clearly based on those submitted by Jean Claude Juncker last Thursday, before the referendum. Many Greeks are frustrated, asking: what was the point of the referendum? It’s left many foreign observers saying the same.
Behind the calm in Greece people are beginning to panic. Tsipras needs to do a deal – but not one that humiliates his country.
The government will want to give clear advice to tourists heading for Greece (in a few weeks’ time that includes quite a few MPs, I understand, who have holidays booked there).
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
As Greeks prepare to vote on an international bailout of its ailing economy, visitors are warned to take plenty of cash as bank reserves reach critical levels.
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.
The extradition requests relate to the arrest of seven officials from Fifa who were detained in Zurich in May after a police raid on a luxury hotel.
Last night’s ‘Yes’ campaign demo was big – I would say maybe a quarter bigger than the ‘No’ demo of Monday, and with a much more angry atmosphere.