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Category Archives: Europe
Creditors may now be tempted to let Greece sweat it out a bit in a cashless economy, but to avoid a Grexit tragedy they should try less stick and more carrot
Greece’s membership of the euro hangs by a gossamer thread after the victory for the no side in the country’s referendum. The cash machines are running out of money and the economy is in freefall.
The fate of the home of democracy is not in its own hands. If it chooses to do so, the European Central Bank could force Athens to default on its debts and issue its own currency on Monday morning by withdrawing emergency support for the Greek banking system.
With more than 60% of the results counted, official projection from Greece’s interior ministry shows no vote set to win with an overwhelming 61% share
Greece is on the brink of a historic victory for the no vote against the austerity measures demanded by its international creditors, according to the first results.
Three hours after the polls closed, and with more than 60% of the results counted, the official opinion polls showed the no camp on 61% and the yes camp with about 39%. An official projection from Greece’s interior ministry showed the no votes are set to win with an overwhelming 61% share of the vote.
Politicians suggest there will be more support for debt-stricken Greece, no matter how people vote in Sunday’s poll
As Greeks voted in a referendum crucial to the future of the eurozone, a growing list of German and other European politicians sought to reassure them that – whatever the outcome – they would not be left to their fate.
The president of the European parliament, Martin Schulz, held out the prospect of more emergency loans from the EU to Greece to pay civil servants and keep public services like transport, energy and the healthcare system running. In an interview with the conservative paper Die Welt am Sonntag, Schulz defended the EU’s hardline approach, expressed his hope that Greece would vote yes to its creditors’ final proposals, but pledged: “We won’t abandon the Greek people to their fate.”
Alexis Tsipras calls referendum ‘day of celebration’, in which almost 10 million Greeks have right to vote on whether nation should accept the terms of its creditors
Greeks have begun voting in a referendum that presents the biggest challenge to the running of the euro since its adoption and risks sending shock waves through the world’s financial markets.
10 million Greeks go to the polls to vote on bailout package that EU leaders have framed as a referendum on membership of the EuroGood morning. About 10 million Greeks are going to the polls on Sunday, to vote in a referendum that poses the biggest cha…
Yes or No? Ordinary Greeks share their hopes and fears on the eve of the referendum that will change their lives
MARGARITA ASIMAKOPOULOU, AGED 34. E-commerce worker
I used to live in London and came back just as the crisis was erupting. I haven’t seen a great difference in my work, because I work mainly on the internet. But I have, seen a difference in the life of my family. I’ll be voting Yes for hope and as a European citizen; for a better life for myself and for the generations to come.
New research reveals that Britain and the US knew six weeks before massacre that enclave would fall – but they decided to sacrifice it in their efforts for peace
They will fill the VIP stands at Srebrenica next weekend to mark the 20th anniversary of the worst massacre on European soil since the Third Reich; heads of state, politicians, the great and good.
There will be speeches and tributes at the town’s memorial site, Potocari, but the least likely homily would be one that answered the question: how did Srebrenica happen? Why were Bosnian Serb death squads able, unfettered, to murder more than 8,000 men and boys in a few days, under the noses of United Nations troops legally bound to protect the victims? Who delivered the UN-declared “safe area” of Srebrenica to the death squads, and why?
- Yanis Varoufakis: troika “spreading fear”, wants to “humiliate” Greeks
- No vote does not mean euro exit, says Donald Tusk
- Greek banks deny plan to raid depositors’ savings
- Wolfgang Schäuble softens German approach
- London solidarity rally follows events in Rome, Paris and Brussels
One of the most influential architects of the European Union has called on its current leaders to do everything they can to rescue Greece, including looking at its debt burden “without delay”.
Jacques Delors, who was responsible for deepening European integration when he was president of the Commission from 1985-93, called on the EU to adopt a three-part rescue plan for Greece.
The Greek drama is not solely national: it will have effects on all of Europe.
An exit from the current crisis means a change in view from Greece… it requires the expression of a clear will to break with the last forty years.
Are we getting smoke signals from the European Commission?
The most senior advisor to Jean-Claude Juncker, the president of the Commission, has been assiduously tweeting his boss’s thoughts on the Greek government this afternoon.
While nobody knows what the vote’s outcome will bring, one thing is certain: Prime Minister Alexis Tsipras’s gambit has deepened rifts.