Merkel’s dilemma: give in to Greece or stand firm against democracy
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.
Eurozone leaders have reached an agreement to provide an 86bn euro bailout to keep the near-bankrupt Greece in the single currency.
Greece is told it needs to enact key reforms by Wednesday in order to restore trust with eurozone leaders, who will then open talks to negotiate a bailout deal with the struggling country.
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.
Zoe Konstantopoulou, senior Syriza politician and speaker of the Greek parliament, tells Channel 4 News that a no vote in the country’s referendum is the beginning of a new era for Europe.
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.
As the midnight deadline for Greece to repay ¬1.6bn fast approaches, last-minute efforts are underway to avert a chain of events that could lead to Grexit.
With European stock markets falling and banks closed in Greece, the president of the European Commission warns that “egotism” and “tactics” have hampered efforts to resolve the Greek crisis.
Eurozone finance ministers approve reform proposals by Greece – including measures to combat tax evasion and fuel smuggling – in support of its application for a four-month extension of its bailout.
He was elected to renegotiate Greek’s international bailout. But Greek Finance Minister Yanis Varoufakis is just as famous for the way he talks about economics. Here are some of his best quotes.
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 authorities think that America has spawned several dozen jihadis as opposed to Britain’s several hundred. This is because America has a totally different relationship to its ethnic minorities.
From the Northern Rock collapse, to crashed markets via bust banks, coalitions cuts and painful austerity, this clickable graphic tracks how the British economy recovered.
European leaders will gather today for a foreign ministers’ meeting that is expected to be dominated by the issues of Russia and Ukraine. But what will actually be done?
With unemployment at its lowest since reunification, a growing economy and a chance of winning the football World Cup, a new study suggests Germany is at its most optimistic in history.
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