Greece

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Tsipras’s Election Gambit Moves Greece Past Austerity Debate

Usually prime ministers call snap elections only when they have a great story to tell. But Alexis Tsipras has never been afraid to challenge conventional political wisdom. He is seeking a renewed mandate after just eight months in office despite what mus ...

Daily Headline - global.abi.org - 09/02/2015 - 20:36 - 0 comments

Greek Election Poses New Economic Risks

The upcoming Greek election may reopen the can of worms that the 86 billion euro bailout deal with creditors was supposed to close, the International New York Times reported. Given that no party is likely to emerge from the Sept. 20 vote with a major ...

Daily Headline - global.abi.org - 08/30/2015 - 16:51 - 0 comments

Greek Debt Feels The Heat As Europe Shifts Bail-In Rhetoric

Greek bank bonds dropped like a stone this week as the prospect of painful haircuts came to the fore, potentially heralding a new era for senior debt investors who have previously been protected throughout Europe's various financial crises, Reuters ...

Daily Headline - global.abi.org - 08/23/2015 - 17:39 - 0 comments

Greece Makes Payment to European Central Bank, Avoiding Default

Greece narrowly avoided defaulting on its debt on Thursday, making a crucial payment to the European Central Bank after receiving billions of euros in new aid from other eurozone countries, the International New York Times reported. But most of the n ...

Daily Headline - global.abi.org - 08/20/2015 - 18:38 - 0 comments

Greek Prime Minister Alexis Tsipras Resigns, Clearing Way for Elections in Bid to Uphold Bailout Deal

In a related story, The Wall Street Journal reported that Greek Prime Minister Alexis Tsipras handed in his resignation to clear the way for early elections expected on Sept. 20, in a gamble aimed at bolstering his power and ability to implement the ...

Daily Headline - global.abi.org - 08/20/2015 - 18:38 - 0 comments

German Parliament Ratifies Greek Bailout

Germany’s parliament ratified a new Greek bailout deal, but a record number of lawmakers in Angela Merkel’s conservative bloc rejected the motion, highlighting the political risks the chancellor is taking in supporting Greece, The Wall Street Journal ...

Daily Headline - global.abi.org - 08/19/2015 - 22:26 - 0 comments

Merkel Allies Try to Contain Rebellion on Greek Vote

Allies of German Chancellor Angela Merkel intensified their efforts to prevent a rebellion in their ranks two days before a crucial vote in Parliament on a new, €86 billion ($95 billion) bailout package for Greece, The Wall Street Journal reported. “ ...

Daily Headline - global.abi.org - 08/17/2015 - 20:12 - 0 comments

The Greek Debt Deal’s Missing Piece

At long last, European creditor nations and Greece have reached an agreement on a third bailout in five years, the International New York Times reported. The bailout, which was approved by Greece’s Parliament on Friday, included familiar details: In ...

Daily Headline - global.abi.org - 08/17/2015 - 17:40 - 0 comments

Merkel Optimistic About Greek Bailout

German Chancellor Angela Merkel voiced optimism that the eurozone’s bailout of Greece was moving in the right direction in a television interview on Sunday. “One cannot yet speak of certainty,” Ms. Merkel told ZDF public television. But, she added, there ...

Daily Headline - global.abi.org - 08/17/2015 - 17:42 - 0 comments

Brussels Backs IMF Over Greek Debt Relief

The European institutions overseeing Greece’s bailout have expressed “serious concerns” over the sustainability of the country’s debt, bringing them into line with the more pessimistic assessment of the International Monetary Fund, the Financial Times ...

Daily Headline - global.abi.org - 08/13/2015 - 22:03 - 0 comments

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