Why the words ‘civil war’ are no longer a joke in Greece
If today’s Brussels talks fail, the Greek debt crisis could stop being a story about economics and become one of civil society, politics and the rule of law.
If today’s Brussels talks fail, the Greek debt crisis could stop being a story about economics and become one of civil society, politics and the rule of law.
Ahead of a crucial meeting on the Greece debt crisis on Monday, Paul Mason presents a special long-read, offering five pictures of the country.
The country will divide: right versus left – as it has been divided since British tanks rolled into Syntagma Square in 1944 to install former Nazi collaborators into office.
With negotiations between Greece and its lenders stalled, but the differences amounting to around 0.6 per cent of Greek GDP, the stage is set for either a last-minute deal or a breakdown.
The Greek crisis ramped up a gear last night when, at the start of supposed “last chance” talks in Brussels, EU negotiators told the Greek delegation that “negotiations were over”.
Why did Greece collapse and Ireland survive? First, because the Irish crisis was a banking crisis. And in Greece you can’t impose austerity and hope modernise at the same time.
While Tsipras, Varoufakis and their negotiators have been trying to get the country’s debt reduced via the IMF and ECB, Zoe Konstantopoulou has been working to get it declared invalid.
They came, they saw, they had – as one Syriza MP put it to me last night – “their balls handed to them”. For all the smiling and calm displayed by Alexis Tsipras, the Greeks know they came off the worst.
There may be a technical get-out clause that allows Greece to wrap its four repayment dates to the IMF this month into one, but the IMF’s own assessment is correct: Greece can’t pay.
Running short of cash to pay public sector salaries, pensions and debt obligations, Greece’s Syriza has laid out what it will and will not negotiate with its creditors, but will it be enough?
Both in Spain and Poland, centrist pro-EU politics is falling victim to its association with a crony-ist elite and its failure to tell a convincing story to the young.
European officials trying to secure a last-minute deal in the debt stand-off between Greece and the IMF now have to anticipate the threat of revolt within the country’s ruling Syriza party.
After a weekend of leak and counter-leak, today has seen another dramatic development: the leak to a newspaper of the European Commission’s proposal to break the Greece logjam.
European negotiators have just days to conclude an agreement with Greece or a critical payment to the IMF on 5 June is likely to be missed, according to a leaked document seen by Channel 4 News.
After a frantic weekend the Greek government sought to break the deadlock in its talks with lenders today by reshuffling its negotiating team.