The big fat Greek blame game - page 5
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I doubt that he will do that - he sold his countrymen vote for a fist of $ (or a secret picture of him). He will never be elected again
I doubt that he will do that - he sold his countrymen vote for a fist of $ (or a secret picture of him). He will never be elected again
Check the concession that German company got for 14 Greek airports for next 50 years. That is straight forward robbery - and Tsipras is trying to explain how good it will be. All is unwinding the way the masters wanted
German parliament backs third Greek bailout package
German lawmakers voted on Wednesday to back a third bailout for Greece despite a rebellion in the ranks of Chancellor Angela Merkel's conservatives that suggests she cannot ask parliament to help Athens again.
A total of 454 lawmakers voted in favor of the 86-billion-euro package -- Greece's third in the last five years. Votes against totaled 113. There were 18 abstentions.
The size of the 'No' vote was slightly smaller than when German lawmakers last month voted to allow Berlin to start negotiating on the third bailout. On that occasion, 119 lawmakers voted 'No'.
Greek creditors may delay bailout review until Nov
MNI reports, citing multiple EU sources:
Mark this down as the first evidence of Greece and its European creditor overlords noting that milestones were being missed and economic growth was suffering worse than expected. It won't be the last time we hear this refrain.
New polls show Syriza narrowly ahead in Greek election
The leftist Syriza party is on course to win 26.5 percent of votes in the snap Greek election in September, slightly ahead of the conservative New Democracy party on 25.9 percent, a new poll by Kapa Research showed on Saturday.
A separate poll by Marc showed Syriza on 24.4 percent, and New Democracy on 24 percent.
Syriza's former Prime Minister Alexis Tsipras had called for the election to win a fresh mandate for a tough bailout program agreed with the country's creditors. But having started out as the frontrunner, Syriza's lead has crumbled in recent days, making the election unexpectedly close.
Tsipras plays down fears of fractured result in Greek election
Former Greek Prime Minister Alexis Tsipras played down fears on Sunday that a snap election in two weeks would produce a fractured result, saying there were enough undecided voters to produce a clear winner on the day.
Tsipras resigned last month to make way for the election, hoping to secure a new mandate for a tough austerity program he agreed in exchange for an 86 billion euro bailout with the cash-starved country's creditors.
But having started out as the clear frontrunner, his leftist Syriza party's poll lead has collapsed in the past days, making for an unexpectedly close contest against his main rival, the conservative New Democracy party.
The prospect of a fractured result after the Sept. 20 vote has stoked fears of yet more political instability in a country hit by years of instability and recession, and raised the prospect of Greece having to go to the polls again.
"There is 15-20 percent of undecided voters right now. In simple maths, this means that the party that will come first, if it doesn't secure an outright majority at the parliament, will be very close to it," Tsipras said in an interview with Skai television that was broadcast on Sunday.
"So a government will be formed."
Tsipras stormed to power in January promising voters an end to austerity and that he would redefine the relationship Athens has with its international lenders - the European Commission, the International Monetary Fund and the European Central Bank.
But with the economy on the brink of collapse, its banks shut and the chance of a euro exit looming ever closer, Tsipras eventually capitulated to the creditors' demands.
On Sunday, he again defended that decision, saying the country would have been worse off without the bailout, and also ruled out forming a national unity government with New Democracy if the election proved inconclusive.
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Now the far right can win and Tsipras can blame everything on them. But soon they will find him some job in EU, ECB or IMF (after the job he did for them)
Now the far right can win and Tsipras can blame everything on them. But soon they will find him some job in EU, ECB or IMF (after the job he did for them)
And everybody will live happily ever after (except for the people)
Eurogroup to Consider Greek Debt Relief
The Eurogroup, the gathering of euro area finance ministers, are expected to discuss the timetable for Greek debt relief during their meeting on Saturday in Luxembourg, according to sources in Brussels, and the possibilities for enhancing economic growth in the debt-stricken country and creating more jobs.
The ministers may also consider the framework of the potential Greek debt relief, specifically a possible extension of the loan maturities and the grace repayment period.
However, the ministers are unlikely to agree on any reduction in the nominal amount of Greek debt. It is also said that debt relief talks could be detached from the first scheduled bailout review in October.
The Eurogroup will also be informed about the ongoing economic adjustment programs in Greece and Cyprus.
After six months of negotiations, the Eurogroup approved an €86 billion third bailout package for Greece on August 13, in return for additional economic reforms and austerity measures, such as further tax increases and pension cuts.
The European Stability Mechanism has already released a first tranche of nearly $30 billion, enabling Athens to honor its upcoming debt payments.
Cyprus, hit by the 2012-2013 financial and banking crisis, received a $13-billion bailout package in exchange for closing its second largest bank and imposing a one-time deposit levy on all uninsured deposits.
Greek election preview: This time things will be different
The Greek election is on Sunday 20th September and here's what to look out for
The race to see how many Prime Ministers you can have in the shortest amount of time switches from Australia to Greece. Election fever (or sickness depending on your view) will be gripping Greece this weekend
Here's the rundown of how things will play out;
Syriza is going head to head with New Democracy and you'll struggle to get a fag paper between them based on the opinion polls
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