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(Reuters) — Greek pensioners queued outside banks in Athens once again on Wednesday (July 8) to withdraw their pensions as fears grew that the country’s cash reserves would soon run dry. The scenes have been repeated outside 1,000 bank branches across Greece since banks were closed and capital controls imposed on June 29. Banks were only opened during the last week to pensioners who do not have credit or debit cards. Other people stood in […]
Greeks voted overwhelmingly on Sunday to reject terms of a bailout, risking financial ruin in a show of defiance that could splinter Europe. With nearly half of the votes counted, official figures showed 61 percent of Greeks rejecting the bailout offer. An official interior ministry projection confirmed the figure as close to the expected final tally. The astonishingly strong victory by the ‘No’ camp overturned opinion polls that had predicted an outcome too close to […]
(REUTERS) Greek Finance Minister Yanis Varoufakis said European action toward the country was “terrorism” in an interview with Spanish newspaper El Mundo and said a trillion euros would be lost if Greece was allowed to crash. “What they’re doing with Greece has a name: terrorism,” Varoufakis said in the interview, published on Saturday. “Why have they forced us to close the banks? To frighten people. And when it’s about spreading terror, that is known as […]
(Reuters) Alexis Tsipras was voted Prime Minister of Greece on a wave of euphoria after his leftist Syriza party won the election in January this year, promising to overturn 5 years of harsh austerity. With not quite enough votes to form a government, he joined forces with the anti-bailout, far-right Independent Greeks, headed by Panos Kamenos, whom he made Defence Minister. Also invited to join the cabinet were Nikos Kotzias as foreign minister, and […]
(REUTERS) Greek ministers arrived in Athens on Sunday (June 21) for a full cabinet meeting with Prime Minister Alexis Tsipras to discuss concessions the government may present at an emergency eurozone summit on Monday (June 22). Greece’s left-wing government promised on Saturday (June 20) to offer concessions to creditors to unlock billions of euros in funds and stave off default. With its banks hanging on life support from the European Central Bank, and billions of […]
