John O’Donovan, Radio Producer, presenter and lecturer in media says that Greece now needs an election before any deal can be agreed. After a victorious referendum result that saw the Greek people defeat an austerity deal by a clear mandate of 61%, Greece has now been bounced into what appears to be an even more swingeing bailout deal. The third bailout deal will keep Greece in the Eurozone, if it is passed in the Greek Parliament by Wednesday, but at …
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 last chance to produce a credible economic reform plan that could underpin a new bailout. It has also threatened that Greece will leave the Eurozone …
Of the grand, ambitious projects embarked-upon on the European continent over the last three decades two highly visible examples were recalled today in Brussels: football’s Champions League and the Single European Currency. Whatever they have in common there is one crucial difference in joining either of these prestigious clubs, in the Euro one can gain promotion but there is no relegation. Countries simply don’t drop-out of the Euro if they fail to finish with enough points, only to return after …
Have the Greek coalition partners in Government, led by the technocratic former Greek and European central banker, Lucas Papademos, done enough to meet the demands of Germany their eurozone partners? Maybe… and maybe not. As the Guardian’s live-blog noted today Jean-Claude Juncker, who is also prime minister of Luxembourg, says the Eurogroup was still missing information from Athens on how it plans to save promised €325 million. He says he also did not receive assurances from the leaders of the two main …
