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Greece Won’t Cooperate With ‘Troika,’ Rejects Aid Extension
The new left-wing Greek government has said that it will not cooperate with the ‘troika’ of international lenders, and does not plan to seek an extension for its aid package which is set to expire at the end of February. Without the aid, Greek banks could face being shut off from European Central Bank funding. … Continue reading
Greece, The US And The Neo-Liberal Coup – We Are All Greeks Now – OpEd
By Rob Urie Since the onset of economic calamity in the West beginning around 2007 ‘official’ response has been framed as modest successes with a few policy errors while the reality is of remote elites and their agents enacting punitive policies under the guise of material economic constraints. In this context the election of Alexis … Continue reading
Merkel Says There Should Be No Debt Reduction For Greece
German Chancellor Angela Merkel has said there should be no debt relief for Athens, a day after Greece’s new finance minister announced he would no longer cooperate with auditors from the so-called troika of creditors. At a strained press conference in Athens with Eurozone chief Jeroen Dijsselbloem on January 30, Yanis Varoufakis said Greece would … Continue reading
Russia Might Bailout Greece – Finance Minister
Greece hasn’t outright asked Russia for a loan, but Russian Finance Minister Anton Siluanov said Moscow wouldn’t rule it out. His statement comes days after Greece openly opposed further economic sanctions against Russia. “Well, we can imagine any situation, so if such [a] petition is submitted to the Russian government, we will definitely consider it, … Continue reading
Euro Hits 11yr Low After ‘Anti-Austerity’ Syriza Election Win
The election result in Greece has pushed the euro to an 11yr low, falling below €1.11 to the dollar for the first time since 2003. Investors soured as anti-austerity party Syriza won a majority promising to renegotiate Greek debt and end austerity. Shared by Greece and 18 other eurozone members, the euro fell 8.94 percent … Continue reading
Greece Swears In Syriza Leader As Prime Minister
Alexis Tsipras has been sworn in as Greece’s prime minister after his antiausterity Syriza party won January 25 parliamentary polls. Earlier on January 26, Tsipras’s leftist party struck a deal with a right-wing populist party, the Independent Greeks, to form a government after Syriza fell just short of the majority needed to govern alone. The … Continue reading
Syriza’s Victory In Greece To Add Instability To European Economy – OpEd
By Ylli Përmeti SYRIZA’s victory can be attributed almost completely to the conditions created in Greece in the last five years or so, mainly by the Right-wing coalition in Greece. But, while the Right-wing coalition used ‘fear’ during these years, if not (trans) national terrorism,[1] upon the population, the “Left”-wing coalition of SYRIZA, created the … Continue reading
Radical Leftists Win Election In Greece – Future Of Eurozone In Serious Jeopardy – OpEd
By Michael Snyder Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling … Continue reading
Greece’s Anti-Austerity Syriza Party Officially Wins Parliamentary Elections
Greece’s radical leftist party, Syriza, has won the country’s parliamentary electiona, claiming 35.11 percent of the vote, and leaving the ruling New Democracy party in second place with 29.22 percent, according to the first official results. The exit-polls earlier revealed that Syriza, has won between 35.5 and 39.5 percent of the vote in the national … Continue reading
Greek Anti-Austerity Party Syriza Leads Exit Polls With 35.5% To 39.5% Of Vote
Greece’s radical-leftist party, Syriza, has won between 35.5 and 39.5 percent of the vote in the national parliamentary election, leaving the country’s ruling New Democracy party more than 10 per cent behind, the exit-polls revealed. The New Democracy party, led by Greek Prime Minister, Antonis Samaras, has received between 23 and 27 percent of the … Continue reading
