Economists

Biden 'hopeful' of imminent US debt deal

President Joe Biden said Friday that Democratic and Republican negotiators were on the verge of resolving a debt ceiling standoff, as the deadline for a potentially catastrophic US default was pushed back to June 5.

"It's very close and I'm optimistic," Biden told reporters at the White House. "I'm hopeful we'll know by tonight whether we're going to be able to have a deal."

Three successive crises and a golden opportunity

Equality and justice all around, raises in salaries and pensions, prosperity for everyone; radical improvements in the public health and education systems; modernizing the public administration; protecting the primary residences of debtors from repossession; reintroducing collective bargaining and labor agreements; bolstering small and medium-sized businesses; and helping farmers and the less p

Fourth arrest over Varoufakis assault in March

Police have arrested a 30-year-old man in relation with the beating of Yanis Varoufakis almost two months ago.

The MeRA25 leader and former finance minister was assaulted at a taverna in the city center district of Exarchia on March 10.

He blamed "hired thugs" for the assault, in which he suffered a fractured nose.

Sector turmoil could make US banks ‘more cautious’: Yellen

US banks may become more circumspect in granting loans following recent turmoil in the sector, the country's treasury secretary said in an interview to air Sunday, while still predicting "moderate" GDP growth.    

The financial sector was rocked last month by the dramatic collapse of Californian lender Silicon Valley Bank (SVB).    

Suspect in Varoufakis assault given conditional release

A 19-year-old man arrested on suspicion of assaulting former finance minister Yanis Varoufakis has been released on condition that he report to a police station once a month.

The man had appeared before an investigative magistrate for juveniles to testify on the charges.

Earlier, Varoufakis, who now heads the MeRA25 party, testified that he did not wish to support the charge.

Second youth arrested in connection with Varoufakis assault

A 19-year-old man was arrested on Tuesday in connection to the attack by a group of people on the leader of the MeRA25 party, Yanis Varoufakis, on Friday in a restaurant in the Exarchia district of central Athens.

Meanwhile, the 17-year-old who was arrested for recording the attack on his phone will appear before a prosecutor on Wednesday.

Lawmaker Varoufakis attacked in Exarchia, has nose broken

A group of people attacked MP and former finance minister Yanis Varoufakis at a restaurant in the Athens neighborhood of Exarchia, breaking his nose.

The group spotted Varoufakis at the restaurant on Valtetsiou St., or was informed of his presence, and confronted him; one or more of the group eventually hit Varoufakis in the face.

Yellen says debt standoff risks ‘calamity’

U.S. Treasury Secretary Janet Yellen said in an Associated Press interview Saturday she expects Congress will ultimately vote to raise America's debt limit, but demands by House Republicans for spending cuts in return for backing an increase are "a very irresponsible thing to do" and risk creating a "self-imposed calamity" for the global economy.

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