Withdrawal from the European Union
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.
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?
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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.
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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.
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White House welcomes Greek govt proposal
The White House said on Friday it welcomed the latest proposal by the Greek government to resolve its “euro crisis” and that it was something for that country’s creditors to weigh.
“We are pleased to see that Greece has taken the step of putting forward a specific proposal, but it’s one that their creditors will have to evaluate,” White House spokesman Josh Earnest told reporters.
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Twitter firestorm: Can somebody please explain “No” to Juncker?
European Commission President Jean-Claude Juncker made several comments at the plenary of the European Parliament on Tuesday.
ANSA: Greek govt to request 7-bln-euro ‘bridge’ loan
Greek PM Alexis Tsipras will ask European partners for an immediate disbursement of seven billion euros within the next 48 hours, as cash is running out in the Greek banking system, despite a continuing “bank holiday” and capital controls limiting withdrawals to 60 euros per day, per account.
EU Commission, Parliament Presidents Express Opposition to Grexit
European Commission President Jean-Claude Juncker and European Parliament President Martin Schulz expressed opposition to Greece leaving the eurozone.
Juncker, who spoke in front of the European Parliament in Strasbourg on Tuesday, said that he is against Grexit and such a development should be clearly avoided.
'No' Leads in Greece's Bailout Referendum with 15% of Votes Reported
With 14.59% of votes reported, the 'No' camp in Greece's bailout referendum on Sunday led at 60.24%, according to official partial national results.
Tight Race Expected at Greece's Bailout Referendum
The outcome of Sunday's referendum in Greece on the bailout proposals made by the country's international lenders is too close to call, opinion polls suggest.
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