Costas's Feed
Jul 23, 2015

Greek bailout vote puts Syriza party rebellion to the test

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras sought on Wednesday to contain a rebellion in his left-wing Syriza party ahead of a vote on a second package of reforms required to start talks on a rescue deal.

A first set of reforms that focussed largely on tax hikes and budget discipline triggered a rebellion in Syriza last week and passed only thanks to votes from pro-EU opposition parties.

Jul 22, 2015

Greek bailout vote to test Syriza party rebellion

ATHENS, July 22 (Reuters) – Greece’s leftist government
urged disgruntled lawmakers on Wednesday to back reforms
required for talks on a rescue deal to start, as Prime Minister
Alexis Tsipras faced his second major test in parliament in a
week.

A first set of reforms that focused largely on tax hikes and
budget discipline triggered a rebellion in his party last week
and passed only thanks to votes from pro-EU opposition parties.

Jul 22, 2015

Greek PM Tsipras faces key bailout vote test

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras faces his second major test in a week in parliament on Wednesday over reforms he wants lawmakers to adopt so bailout talks to keep the country in the euro can begin.

A first set of reforms that focused largely on tax hikes and budget reforms triggered a rebellion in his party last week and passed only thanks to votes from pro-EU opposition parties.

Jul 22, 2015

Greek PM Tsipras faces key bailout vote test on Wednesday

ATHENS, July 22 (Reuters) – Greek Prime Minister Alexis
Tsipras faces his second major test in a week in parliament on
Wednesday over reforms he wants lawmakers to adopt so bailout
talks to keep the country in the euro can begin.

A first set of reforms that focused largely on tax hikes and
budget reforms triggered a rebellion in his party last week and
passed only thanks to votes from pro-EU opposition parties.

Jul 21, 2015

Greek bank curbs hit children’s charities just as needs soar

ATHENS (Reuters) – Donations to Greek children’s charities have dived since the government imposed drastic curbs on bank withdrawals, putting some volunteer-run services at risk just when they are needed most.

One charity chief is turning to the millions of Greeks who live abroad for help, as business and individual donors at home cannot get hold of cash beyond the 60 euros they are allowed to take out of their accounts each day, or 420 euros every week.

Jul 20, 2015

Greece VAT rise hurts as bailout terms start to bite

ATHENS, July 20 (Reuters) – To tourists wandering the narrow
streets of central Athens, 20 cents on the price of souvlaki – a
Greek favourite of grilled meat on a skewer – may not seem much.
But for waiter Stavros Giokas, Monday’s jump in value-added tax
is a big worry.

The VAT rise, demanded by Greece’s lenders in return for a
rescue deal, forced the restaurant where Giokas works to push up
the price of souvlaki – wrapped in flatbread with salad and
drizzled in tzatziki garlic yogurt – to 2.40 euros ($2.60) from
2.20.

Jul 19, 2015

Greek banks ready to open Monday as Merkel urges swift bailout talks

ATHENS, July 19 (Reuters) – Greek banks are ready to open
their branches across the country on Monday after a three-week
shutdown, officials said, while German Chancellor Angela Merkel
called for swift aid talks so Athens could also lift withdrawal
limits.

The cautious reopening of the banks, and an increase in
value added tax on restaurant food and public transport from
Monday, are aimed at restoring trust inside and outside Greece
after an aid-for-reforms deal last week averted bankruptcy.

Jul 19, 2015

Merkel says Greece must act fast as banks prepare to reopen

ATHENS (Reuters) – Greece will reopen its banks on Monday for the first time in three weeks, but with restrictions on withdrawals still in place, German Chancellor Angela Merkel said the government would have to move fast on any new bailout terms.

The cautious reopening of the banks, and an increase in value added tax on restaurant food and public transport from Monday, are aimed at restoring trust inside and outside Greece after an aid-for-reforms deal last week averted bankruptcy.

Jul 15, 2015

Reluctant Tsipras fights to pass reforms in Greek parliament

ATHENS (Reuters) – Prime Minister Alexis Tsipras battled to win lawmakers’ approval on Wednesday for a bailout deal to keep Greece in the euro and avoid bankruptcy, as the IMF pressured Greece’s creditors to provide massive debt relief for its crippled economy.

Having reluctantly agreed terms for negotiations on a third bailout from international lenders, Tsipras must face down a rebellion in his anti-austerity Syriza party to push sweeping pro-market reforms and spending cuts through parliament.

Jul 11, 2015

Greek PM Tsipras struggles to contain party revolt on bailout

ATHENS, July 11 (Reuters) – Greek Prime Minister Alexis
Tsipras faces a struggle to contain a widening split in the
ruling Syriza party after leftist rebels said they would not
back austerity measures pledged to international lenders in
exchange for a new bailout deal.

In a vote in the early hours of Saturday, Tsipras had to
reply on opposition lawmakers to secure parliament’s backing to
present the proposals to EU negotiators, after 10 government
deputies either abstained or voted against and seven were not
present.