Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Two days after an agreement paving the way for a new support programme for Greece, the European Commission revealed plans today to help Greece maximise its use of EU funds. As mandated by the Euro Summit on 12/13 July, this will help mobilise more than €35 billion up to 2020 to support the Greek economy,…
Protesters clashed with the police in Athens as Greece’s prime minister, Alexis Tsipras, considered elements of the new bailout deal. By Reuters on Publish Date July 15, 2015. Photo by Emilio Morenatti/Associated Press. Watch in Times Video » Violent Protests in Greece Before Vote ATHENS — Under threat from the nation’s creditors to move quickly…
Greece goes on strike: Civil service workers announce 24-hour walkout after government gives in to creditors… as summit insider reveals leaders’ furious rows in tense talks Civil service workers in Greece announced 24-hour strike for Wednesday Union Adedy to protest bailout terms on day parliament votes on measures Eurozone leaders spent all night thrashing out…
However this story ends (and we have no idea what the next few hours will bring), Sunday 12 July will go down as a landmark moment in European history — alongside Rome in 1957, Maastricht in 1992 and Cannes in 2011. For the first time, the leaders of the 19-member euro area officially discussed plans for the…
The latest save-the-euro summit turned into open season on Greek Prime Minister Alexis Tsipras. Leaders from German Chancellor Angela Merkel on down fretted about the “trust” shattered by Tsipras during more than five months in power, which was the European way of saying that the anti-austerity populist had to bend. It was a night that…
The closest Greece has come to leaving the eurozone was at around 6am on Monday morning, just as dawn was breaking over Brussels. Alexis Tsipras of Greece and Angela Merkel, the German chancellor, decided after 14 hours of anguished talks that they had reached a dead end. With no room for compromise, neither saw any reason to…
Here’s a quick Politics 101 lesson for the #thisisacoup mob: Greece is not a direct democracy. It is a representative one. That means that the Greek people elect their governments to make decisions on their behalf. Referendums are not binding in Greece; they simply advise the government of the day on the views of the…
The absence of a deal would, in our view, begin the path to Grexit. In that case, the press conference will probably be dominated by the ECB’s role in handling the situation. On the ECB’s specific role in a Grexit scenario, Mr Draghi said this week that if no deal is struck this weekend, the…
©EPA Greece on Monday caved in to an ultimatum from Germany and its other creditors and agreed to rush through long-resisted economic reforms in just three days in a desperate bid to secure a €82bn-€86bn rescue and stay in the eurozone. Worn down by a 17-hour eurozone leaders’ summit that capped a weekend of talks, Greek premier…
BRUSSELS Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency. The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged leftist…