ECB cancels soft treatment of Greek debt in warning to Athens
The European Central Bank abruptly cancels its acceptance of Greek bonds in a bid to isolate the country until it strikes a new reform deal.
The European Central Bank abruptly cancels its acceptance of Greek bonds in a bid to isolate the country until it strikes a new reform deal.
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”.
Alexis Tsipras is deciding who should run which ministry in Greece. But how does Syriza take over a state whose armed forces and police are configured to suppress the left?
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.
Our Economics Editor Paul Mason is in Greece reporting on the outcome of the election results. Get the latest tweets and videos from him here.
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.
The ballot stations are still brisk at lunchtime, but a lot of people have already voted. This is a working class community – and on a Sunday the over-70s, who make up 22 per cent of Greek voters, are out in force.
In Assos, a sleepy farming village in the gulf of Corinth, the far-left Syriza party got 121 votes in the election 10 years ago. On Sunday it should top the polls – easily.
Paul Mason continues his series of explaining the workings behind the Greek elections, and why it matters so much to us. Here he explains the eight parties all hoping to get into parliament.
For all its recent moderation, and the clear professional expertise of its economics team, no party like Syriza has ever been in power in a European democracy.
The liner is sinking and after some delay the captain orders: launch the lifeboats. But, he says, the first, second and steerage class must each travel in separate lifeboats. If the lifeboats take on water, the passengers are instructed not to help each other, since this would violate the principles of the ship – which…
Some of the Syriza members I spoke to are, privately, still not sure they even want to govern. But one thing is certain: when you look him in the eye, Alexis Tsipras most definitely does.
The decision by Greek MPs to reject presidential candidate Stavros Dimas could be a crucial moment for the country, for the Eurozone and in global economics.