‘Reckless’ And ‘Unprofessional’: German Minister Criticized for Greece Comments

German Economy Minister Philipp Rösler has been accused of being reckless and unprofessional after saying he is skeptical that Greece’s reform efforts will succeed and that a Greek exit from the euro had “lost its horrors.” But some senior members in Germany’s ruling coalition agree with him. German Economics Minister Philipp Rösler, the leader of … Continue reading

Greek leftist vows to reject loan terms

The head of Greece’s radical left-wing Syriza party said Tuesday his cabinet will reject all austerity measures imposed under an EU-IMF loan deal, if he manages to form a new government. “The public verdict has clearly nullified the loan agreement and (pledges) sent to Europe and the IMF,” Alexis Tsipras said in a televised address. The country’s youngest … Continue reading

Voting in the Dark: Greece Goes to the Polls

How do you hold an election in a country that has lost its sovereignty, its sense of its own past and its imagined future? What promises can discredited politicians sell, in the fifth year of recession, to people whose wages have vanished or plummeted by a third, pensioners living on less than 300 euros a … Continue reading

Greece: It’s the geopolitics, stupid!

BY JACEK SARYUSZ-WOLSKI BRUSSELS – The eurozone decided to grant Greece a second bailout, but this does not mean that the country received a wallet full of money and that the risk of default is gone. Greece and its political elites need sober determination to implement socially difficult reforms also after the April elections. The Union … Continue reading

A way out of the woods

LAST year every new jolt in the euro crisis sent financial markets into a spin. This year they have become blasé. They barely even registered the torching of buildings in Athens, nor the last-minute cancellation of a meeting of ministers that was supposed to agree on a new aid package for Greece. Although a calm … Continue reading

EU Turns down Fence between Greece and Turkey

The EU declined Greece’s plan to erect a fence on the border to Turkey saying it was “unnecessary and too expensive”. Assoc. Prof Danış told bianet that a fence was not the solution to the reasons of immigration. In her opinion, Greece wanted to give a message with this project. The European Union (EU) declined the plan … Continue reading

Germany’s Carthaginian terms for Greece

The US, Canada, Britain, France, Greece, and other signatories at the London Debt Agreement of 1953 granted Chancellor Konrad Adenauer a 50pc haircut on all German debt, worth 70pc in relief with stretched maturities. There was a five-year moratorium on interest payments. The express purpose was to give Germany enough oxygen to rebuild its economy, … Continue reading

Greece Is Building A $7.3 Million Barbed Wire Fence To Keep Out Illegal Immigrants

Sanya Khetani In a bid to curb the number of illegal immigrants that enter the country, Greece has begun construction on a 6 mile-long, 13 foot-tall barbed-wire-topped fence along its border with Turkey, EUObserver reports.  The fence — to be completed in September in the Evros region on the Greek-Turkish border — will be equipped with a network of night-vision … Continue reading