Updated with video: Greece Parliament accepts new, harsher terms of EU bailout
Greece’s track record suggests EU should be wary. Mark Twain warned: “If you pick up a starving dog and make him prosperous, he will not bite you.” Men do.
Greece’s track record suggests EU should be wary. Mark Twain warned: “If you pick up a starving dog and make him prosperous, he will not bite you.” Men do.
Greece’s PM has three days to convince Parliament to comply. Paradoxically, the Spanish example suggests this is precisely what the Greece’s economy needs.
Greek Finance Minister Yanis Varoufakis, said he was quitting his post hours after his government triumphed in a referendum rejecting further austerity.
The Greek tragedy continues: By tomorrow (Tuesday) the Greeks must pay back 750-million euros to the IMF or risk future default and an unknown future.
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Along with the pressure accumulating from the IMF, Tsipras is facing the first signs of domestic discontent with his government.
Finger-pointing between Germany and Greece will only play into the hands of Europe’s enemies, Greek Finance Minister Yanis Varoufakis said on Monday, pleading for the two countries to bury the hatchet.
Judging by the latest public opinion polls, Greece’s biggest credits, the German voter, has tired of the Mediterranean nation’s demands.
Though Greece’s new left-wing government has insisted it won’t seek another bailout, the debt-strapped country could need some form of assistance to see it beyond the summer
Greece’s economic situation worsens as Germany rejects the financially-ailing country’s request for an extension on its financial aid program.