Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras says. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Mr Tsipras said Greek deposits were safe. Greece is due to make a €1.6bn (£1.1bn) payment to the International Monetary Fund…
A humanitarian crisis is developing in Europe as refugees traveling through Libya and other countries seek to enter the European Union via the Mediterranean Sea, resulting in a tragic loss of life for those on overcrowded boats. Most people are fleeing countries in the Middle East and Africa, either because of civil war (Syria and…
Just yesterday, German FinMin Schaeuble bent the truth, proclaiming that there was no sign of contagion from Grexit concerns. Today, it appears, he will be eating his words, as Italian, Spanish, and Portuguese bond spreads have exploded higher (up 15-30bps this week) amid the collapse of Greek sovereign and bank bonds. It’s not just…
TIME World Greece Greece Seeks $305 Billion in WWII Reparations From Germany Louisa Gouliamaki—AFP/Getty Images Greek Finance Minister Yanis Varoufakis arrives to present his ministry’s new secretaries at a press conference in Athens on March 4, 2015. Amid a continuing negotiation over debt relief from the European Union bailout Greece released its first quantifiable demand…
The threat, made by the Greek justice minister and reported in the daily Kathimerini newspaper, has been supported by Prime Minister Alexis Tsipras, who told the Greek parliament he would pursue the “very technical and sensitive” matter. Justice minister Nikos Paraskevopoulos has reportedly called for “war reparations, the repayment of a forced loan and the…
German Chancellor Angela Merkel has ruled out cancelling any of Greece’s debt, saying banks and creditors have already made substantial cuts. But Mrs Merkel told the Die Welt newspaper she still wanted Greece to stay in the eurozone. Greece’s left-wing Syriza party won last weekend’s election with a pledge to have half the debt written…
main LONDON (CNNMoney) Greece’s banks were slammed Wednesday as the country’s new anti-austerity government abandoned commitments made to its international lenders. Officials from Syriza, the party that won power in Sunday’s elections, said they would halt the privatizations of a major electricity company and port, and hike the country’s minimum wage. The party has also…
Greece’s new Prime Minister Alexis Tsipras arrived at the prime minister’s office after officially being sworn in on Monday. (Reuters) After the seismic victory of Greece’s leftist Syriza party in national polling Sunday, the country’s new prime minister, 40-year-old Alexis Tsipras, is leading all of Europe down an uncertain path. Syriza has vowed to renegotiate the crippling…
Alexis Tsipras, center, leader of Greece’s Syriza left-wing main opposition waves to his supporters after voting at a polling station in Athens on Sunday. Petros Giannakouris/AP hide caption itoggle caption Petros Giannakouris/AP Alexis Tsipras, center, leader of Greece’s Syriza left-wing main opposition waves to his supporters after voting at a polling station in Athens on…