Latest News from Greece
Greek crisis reaches…space (tweet-pics)
The Greek crisis has unquestionably generated numerous media headlines over the past 5 years. As crunch time approaches, however, it seems it has gone beyond the boundaries of our earth, literally. US astronaut Scott Kelly, who is stationed on the International Space Station, tweeted his best wishes to Greece for today’s Eurozone summit.
EU Leaders Divided over Greece Bailout Talks
Growing discord has started to emerge hours before Sunday afternoon's Eurozone summit which is due to decide whether to grant Greece another bailout package or move to "Plan B".
"Italy does not want Greece to exit the euro and to Germany I say: enough is enough," Italian PM Matteo Renzi told Il Messaggero newspaper.
DW: Does Bulgaria Hope for a Grexit?
A Grexit scenario could also have positive consequences for Bulgaria, with a number of Greek companies potentially moving northwards, Deputy MP Tomislav Donchev has told Deutsche Welle.
2 scenarios emerge in Brussels: Vote by Wed. for more austerity measures or… Grexit
The latest news from Brussels includes a WSJ dispatch claiming that a German proposal, eyeing a five-year exit by Greece from the eurozone, may be included in a Eurogroup draft.
With a EU28 summit on Sunday now cancelled, all eyes are on a Eurozone summit, meaning national leaders and not finance ministers.
Russian energy minister: Moscow studying direct energy shipments to Greece
The state-run Russian news agency on Sunday announced that the Kremlin is “… is looking into the possibility of delivering energy to Greece directly…”.
The news site quotes Russian Energy Minister Alexander Novak as saying the idea aims to “renew” the crisis-hit country’s economy.
Another form ‘Finlandization’ infecting Euro area?
Another form of “Finlandization” has apparently plagued the Eurozone over the weekend and is now viewed as the main obstacle towards achieving a new bailout deal with crisis-stricken Greece, one that would avert the east Mediterranean country’s euro membership meltdown.
EU cancels summit on Greece as eurozone talks continue
The EU cancelled a full 28-nation summit on July 12 to decide Greece's fate in the single European currency, although a meeting of leaders from the 19 countries in the eurozone will go ahead as planned.
EU-28 Summit on Greece Cancelled
European Council President Donald Tusk has cancelled the summit meeting of European Union heads of government scheduled to discuss Greece on Sunday.
Tusk wrote on Twitter that only a "EuroSummit", one of leaders of Eurozone member states, will take place at 16:00 local time - when the European Council was due to begin.
Greece 'Should Follow Bulgaria's Currency Model in Case of Grexit'
Bulgaria is the better currency model for Greece if the country slides towards Grexit, renowned economist Prof Steve Hanke says.
Alert! No EU summit on Sun.; Eurogroup summit instead (Watch arrivals live)
A summit of 28 European Union member-states’ leaders, initially scheduled for Sunday in Brussels, has been cancelled, according to various media reports. The development is judged as positive, given that such a summit was viewed as considering the process leading to a “Grexit”.
Watch the statements by Eurozone FinMins live!
What’s next for govt after Eurozone?
All eyes may on Brussels this weekend, as the “Greek issue” dominates international headlines, nevertheless, the “next day” for the Greek government is second in line for consideration, with reports stating that Greek PM Alexis Tsipras is considering the establishment of a “national unity” Cabinet.
Greece faces D-Day after 'difficult' bailout talks halted
Greece on July 12 faced a final EU summit to clinch a deal that would stop Athens crashing out of the euro after divided eurozone ministers halted "very difficult" talks on a new bailout overnight.
Italian PM M. Renzi: Enough is enough, Merkel!
Italian Prime Minister Matteo Renzi has had enough of watching Greece being bullied by creditors and called to implement constantly harsher austerity reforms. He called for an end to the humiliation of Greece and for Germany to end the crisis.
Eurogroup: Finns push for Greece to leave EZ
Three Finnish large Finnish news channels – MTV3, HS and YLE – are all reporting that Finland wants Greece out of the Eurozone. The usually outspoken Finnish FinMin Alexander Stubb did not make a statement on his arrival. The right-wing, euro-sceptic True Finns that are coalition partners in the new Finnish government are pushing for a Grexit.