Greek Crisis

Greek Crisis: Time’s Up! Deadline for Payment Missed

01 Jul 2015 @ 08:21
The clock struck midnight in Athens and Greece became the first advanced country ever to fail to repay an IMG loan. It is now formally in arrears, having missed the deadline for the payment of €1.6bn. This puts the country even closer to the Grexit, where it leaves the euro. It’s not definite yet – […]
 

Greece from a Common Sense Perspective

01 Jul 2015 @ 01:32
I awoke before sunrise this morning and found a message in my inbox from the BOSS, asking if I would “write a piece about Greece.” I said, of course that I would. After having tended to some business, it is now four hours later and I can see that the entire continent of Europe is […]
 

"Grexit" negotiations: time is running out

01 Jul 2015 @ 00:44
Greek Finance Minister, Yanis Varufakis today confirmed to the press that Greece will not pay the 1,600 million euros owed to the International Monetary Fund (IMF), whose term expires at midnight. However, the European Commission (EC), through its president Jean-Claude Juncker, submitted an last-minute offer to the Greek PM, Alexis Tsipras, with three conditions to […]
 

Greece faces turmoil as IMF deadline looms

30 Jun 2015 @ 21:36
Greek PM asks voters to reject bailout terms The future of the Greek economy faces continued uncertainty after Prime Minster Alex Tspiras threatened to resign if citizens did not vote to reject EU-IMF proposals bailout. “If the Greek people want to proceed with austerity plans in perpetuity, which will leave us unable to lift our […]
 
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