Economy Minister says Riga discussions did not countenance any exit option.
Greek Prime Minister Alexis Tsipras and Gazprom CEO Alexei Miller agreed last week on a “roadmap” for a multi-billion dollar pipeline project to transport gas from Russia to Greece. The long-term plan is a further sign of warming geopolitical ties between Athens and Moscow, at a moment when the Greek economic crisis appears to be worsening.
In case you had any doubts that Greece is supposed to act like a good debt vassal, the Eurogroup's hissy fit over Yanis Varoufakis at last Friday's meeting, which stoked a raft of unflattering articles, has now led it to demand to that Greek government remove him.
World shares hit a new high on Monday, led by China, though the global rally faded in Europe as investors looked ahead to central bank meetings in the United States and worried over Greece. The dollar edged up but held close to Friday's 2 1/2-week lows, after weak U.S. Show More Summary
It seems that there will be no agreement between Greece and its Eurozone partners. Short of cash, the Greek government will have no choice but to suspend payment of its maturing debts. This column looks at what happens next. In brief, it will be very much up to the ECB to decide.
Today's Headlines Bloomberg: Greece’s Day of Reckoning Inches Closer as Debt Payments Loom. Greece will look for ways to assemble enough cash to pay its pensioners and employees this week, after euro area finance ministers on Friday said they won’t disburse more aid until bailout terms are met. Show More Summary
Attached to the rest of Greece by a thin isthmus, this rugged land has always seemed isolated from the rest of the country. [...] while it holds some of Greece’s greatest ancient monuments — such as Olympia and Mycenae — there’s a lot...Show More Summary
By Hideyuki Sano TOKYO (Reuters) - Asian shares scaled seven-year highs following stellar earnings from a few U.S. hi-tech giants, but investors were cautious ahead of central bank meetings this week in the U.S. and Japan and on apparent deadlock in Greece's talks with creditors. Show More Summary
Last week, the Greek government issued a decree which called for local governments to transfer excess cash to the central bank so that Athens would be able to pay pensions, salaries, and the IMF. The move is expected to raise as much...Show More Summary
``Finance chiefs aren't saying in public that they're contemplating alternative outcomes because that would send the message to markets that it's game over, the person said.''
Amid high-level brinkmanship by Greece's finance minister Yanis Varoufakis, the euro zone officials negotiating the next tranche of bailout funds to cash-strapped Athens are getting frustrated. Earlier this week, a participant of the...Show More Summary
Earlier this month, hundreds of Sikhs flooded the streets of Athens to celebrate Vaisakhi, the April 14 holiday that celebrates both the Sikh New Year and the founding of Sikhism in 1699. The Sikh community in Greece, numbered at around...Show More Summary
Eurozone finance ministers warn Greece that it will get no more aid until it agrees to a complete economic reform plan ||| Eurozone finance ministers delivered a stark warning to Greece on Friday that its Leftist government will get no more aid until it agrees to a complete economic reform plan, as Athens lurches closer to bankruptcy. Show More Summary
The Times reports on the enormous scale of tax avoidance in Greece highlighting the moves by 80,000 wealthy citizens to funnel more than €200,000 each out of the country in recent times. But I fail to see how the Syriza-led government...Show More Summary
By Paul Taylor BRUSSELS (Reuters) - "We're going bust." "No, you're not." "You're strangling us." "No we're not." "You owe us for World War Two." "We gave already." The game of chicken between Greece and its international creditors is turning into a vicious blame game as Athens lurches closer to bankruptcy with no cash-for-reform agreement in sight. Show More Summary
The inevitable in Greece gets closer and closer. Looking back, I wonder how many rabbits in the hat there were. More importantly, how many still remain? I believe the answer to the latter question is zero. Yet, I also point out the propensity of German chancellor Angela Merkel to prolong the "not on my watch" inevitable. Show More Summary
Bloomberg: Euro Ministers Alarmed as Bloc Shuts Down Greece Plan B. Europe’s refusal to draw up contingency plans to prepare for the failure of negotiations with Greece is alarming some euro-area finance ministers. Slovenian financeShow More Summary
When it comes to the topic of Greece, most pundits focus on two items: i) when will Greece finally run out of confiscated cash, and ii) will Greece fold to the Troika (and agree to another bailout(s) with even more austerity) or to Russia...Show More Summary
Greece was hooked on handouts before, and is hooked on even bigger ones now. This is welfarism at its…
ATHENS (Reuters) - Greece and its lenders must reach a reform deal by early May to address Greece's need for cash, Deputy Prime Minister Yannis Dragasakis said in an interview with a Greek newspaper published on Saturday. Shut out of...Show More Summary