Tag Archives | eurozone

After Greece – where now for Cameron’s negotiating?

David & Donld

Donald Tusk has improved his English lately, which may have something to do with his employing of an Ulster-born speech-writer. The former Prime Minister of Poland took-over from Herman “damp-rag” Van Rompuy as the President of the Council of the EU last year, this was the job once sought by Tony Blair, but no British more…

Greek deal: This Is NOT a Coup

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Whether the Syriza-led government of Greece survives its own domestic democratic pressures remains to be seen following the deal struck at the Eurozone summit yesterday – in the end the 28 EU leaders didn’t have to meet…  The Guardian live-blog on the Greek crisis notes one possible scenario Analysts at Eurasia Group suspect Greece could soon head towards more…

European Council President on Greek Crisis: “the final deadline ends this week”

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Following what the German Chancellor, Angela Merkel, is reported to have described as a “very long, intensive”, “very clear and candid discussion” at the emergency summit of Eurozone leaders in Brussels tonight, some details are emerging of the next steps in the continuing Greek crisis.  From the Guardian’s live blog. Europe has given Athens one more…

Greek referendum: a lose lose for Europe

I have always tried to avoid making predictions as unlike Mr. Ashdown, I have few hats and no desire to devour any of them. It does seem, however, as though the Greek population have rejected the terms of the latest bailout. The saga of the Greek Eurozone experiment and its travails seems to have gone more…

“Greece today is angry and fearful, divided and conflicted, and will still be after Sunday’s vote.”

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With Sunday’s controversial, and confused, Greek referendum clearing its constitutional test in the courts, the Guardian Data Blog rounds-up the polls – as of 12.34pm Friday.  The then-live-blog added An Ipsos poll just released shows the referendum on a knife-edge. It has yes on 44% and no one point behind on 43%, with 12% still undecided. The more…

Greek Referendum: “a chunk of undecided voters to fight over.”

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Via the Guardian’s Greece crisis blog.   Another wrinkle for the game theory academics in the Syriza-led Greek Government, and those agitating on their behalf, to contemplate ahead of the controversial, and confused, on/off/on 5 July referendum in Greece. GPO poll Yes 47.1% No 43.2% Undecided 6.3% (via @euro2day_gr) #Greferendum #Greece #politics pic.twitter.com/xJRr3K2uAC — MacroPolis (@MacroPolis_gr) July 1, 2015

“In both camps the eurozone crisis is met with a hint of relish…”

Rafael Behr in the Guardian is worth reading on so many levels… There is blame enough for everyone. Alexis Tsipras’s promise to the Greek people of euro membership without austerity was dishonest. Other European leaders were constrained by their own democratic obligations. There are citizens from Ireland to Latvia who have already swallowed bitter reforming more…

“For those who can’t read Greekdebtspeak, well, you’re on your own”

Greek Referendum Question 5 July 2015

With European leaders, including Syriza’s erstwhile ally the Italian Prime Minister Matteo Renzi, warning Greek voters that they will be, effectively, deciding whether or not they want to stay in the eurozone, the BBC takes a side-ways look at the wording of the controversial 5 July referendum the Greek Prime Minister Alexis Tspiras suddenly announced at more…

More Greek gamesmanship…

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With the Greek Parliament, and Greece’s creditors in Europe and elsewhere, discussing the latest sudden manoeuvre by the game theory academics in the Syriza-led Greek Government, via the Guardian’s live-blog, here’s a reminder of Alexis Tspiras’ criticism of ex-PM George Papandreou’s, failed, attempt to hold a similar referendum in 2011. @graemewearden A transcript of @atsipras‘s scathing more…

IMF to Tsipras: “You’ve got to ask yourself one question. Do I feel lucky? Well, do ya, punk?”

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After more of the familiar lies and misdirection yesterday, there were some optimistic noises from Brussels last night as the leaders of Germany, France and Greece met on the side-lines of the EU-Latin America summit.  They were short-lived. Having tried to play the International Monetary Fund, and its managing director, Christine Lagarde, last week, the game more…

“Greece is joining a fairly exclusive club…”

Which ‘club’, exactly, remains to be seen…  If you’ve been having trouble following the twists and turns and lies and misdirection of the on-going Greek financial crisis [Join the club! – Ed] *ahem*  Perhaps some notes on Greece’s Syriza-led Government’s latest reverse-ferret decision to delay Friday’s €300m (£216m) debt repayment to the International Monetary Fund, and more…

In the teeth of an election is Germany finally relenting on domestic austerity?

So, having finally balanced its own budget in 2014, Schaeuble finally seems ready to start re-investing in Germany’s ‘crumbling’ infrastructure: German federal government said on Tuesday that it would spend an additional 5 billion euros (about 5.59 billion U.S. dollars) in the next three years to help local communities improve infrastructure and boost investment. The more…

Jean-Claude Juncker: “[Tsipras] must explain that some of the promises upon which he was elected will not be honoured…”

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As Mick has noted, at the weekend the under-pressure new Greek Prime Minister Alexis Tsipras took undiplomatic aim at the governments of Spain and Portugal [But not Ireland! – Ed] in an attempt to explain the outcome of European negotiations to his Syriza party coalition. The European Commission has been quick to step in to act as a “mediator” more…

“…the platform on which Syriza won the recent general election has been significantly reconstructed.”

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What now for “the Syriza experiment“?  The Irish Times reports that the Eurogroup of finance ministers have deemed the Greek government’s list of proposed reforms to be “sufficiently comprehensive” for a four-month extension of the Greek bailout programme which was due to expire on Saturday. In an official statement released after today’s conference call between more…

Is Eurozone membership slowly strangling the Greek economy?

In these digital days it is far easier to foment a revolution than it is to find the means to sustain one. That may or may not been the the Greek Syriza party has to learn in the coming weeks. Hanging hard against German based technocrats may yet pull off some important concessions, but without cash more…

“Sunday’s election could be a significant day for Europe…”

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The campaign may have resembled a “political circus”, but Sunday’s general election in Greece could see the leftist Syriza, led by former communist Alexis Tsipras, emerge as the leading party – but in search of a partner-in-government [We’ve been there before! – Ed].  Indeed.  Although, they could still achieve a majority… In the meantime, the Irish Times highlights a more…

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