Latest News from Greece
Euro Summit aftermath: Αlexis Tsipras defends “Greekment”
Greek Prime Minister Alexis Tsipras said “difficult decisions and harsh dilemmas” were faced during marathon negotiations at the European summit on Sunday. The following gains were made, he said, in defence of the deal whose terms, some say, are harsher than the ones turned down that Greek voters rejected in a referendum on July 5.
Eurozone strikes Greek deal with tough conditions
Eurozone leaders made Greece surrender much of its sovereignty to outside supervision on July 13 in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.
Eurozone Leaders Reach Agreement on Third Greek Bailout
Eurozone leaders have unanimously reached an agreement on Monday to grant a European Stability Mechanism (ESM) programme to Greece on conditions that Athens will carry out serious reforms.
European Council President Donald Tusk announced the news after seventeen hours of negotiations, the Guardian reports.
European Summit: French-German leaders announce deal! (live streaming)
German Chancellor A. Merkel
German Chancellor Angela Merkel was appreciative of a text that Eurogroup finance ministers had sent to the European Council that laid the groundwork for a deal on Greece. She said a Grexit is off the table now.
Dijsselbloem: 50bn Greek assets to recapitalize banks! (vids)
European Council chief Donald Tusk announced a unanimous agreement for Greece at a press conference with European Commission President Jean-Claude Juncker and Eurogroup Chief Jeroen Dijsselbloemm who announced details of the agreement.
“There is no Grexit,” said Juncker.
Breaking: Euro-Summit comes to an agreement on Greece!
After a record-breaking 17 hours of talks, European Council President Donald Tusk reconvened the Euro Summit from a break with a “revised compromise proposal” on the table. Tusk announced a unanimous agreement for Greece that will be signed at around 7 p.m. on Monday.
Mapping the Greek debt crisis and its repercussions on other countries
Greece is a small country whose GDP changes has repercussions on other countries in the Eurozone.
And there could be a ripple effect as Greece sets a dangerous precedent
Eurozone Leaders Reconvene for Compromise Proposal as Summit Lasts Overnight
Eurozone leaders are to reconvene early on Monday morning to discuss a compromise proposal on a third bailout for Greece as the emergency summit, which started on Sunday, lasted overnight.
Turkish Stream Delays Cause Alarm in Serbia
Serbia faces new worries about its gas supply after Russia's Gazprom on July 8 said it had canceled a contract with Italy's Saipem to build the first section of the Turkish Stream Pipeline under the Black Sea.
South Stream Transport, Gazprom's subsidiary, said it would soon start negotiations with new potential contractors.
Hollywood stars speak up! We ♥ Greece (video)
A Greek Reporter video clip shows that Hollywood stars believe that despite the debt crisis, Greece’s beauty and culture is as dazzling as ever.
Will the Greek disease infect Turkey?
In the eyes of the foreign investor, Turkey and the other Mediterranean EU countries are categorized as 'vulnerable countries,' but their risks and the organs responsible are different. Unlike EU members, Turkey's fragility stems from the private sector The Greek people have said "Oxi - No" to the bitter pill of the European Union's program of belt-tightening.
Grexit: Greece must decide
It is difficult to understand why there is so much jubilation in Cuba or among Turkey's romantic socialists over the Greek "oxi" (no) vote and the subsequent developments in Greece. Does Greece have an incredible amount of debt? It does. Should it pay it? It should. Can it compare the situation with the post-war situation and the conditions Germany and the World War II victors "agreed" upon?
'An unpredictable Marxist'
A new word has been recently added to the rich Greek vocabulary: ?Varoufakism.? It is linked to the former controversial Greek finance minister, Yanis Varoufakis, who has now become the center of ferocious attacks by almost everybody, Greek or not Greek.
Eurozone Leaders Still at Loggerheads over Greece Bailout terms
Eurozone leaders have been discussing for hours a proposal under which Greece would have to rush emergency legislation through Parliament by Thursday at the latest in order to get a third bailout package.