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Feb 28, 2015

Greek PM accuses Spain, Portugal of anti-Athens ‘axis’

ATHENS (Reuters) – Greece’s leftist Prime Minister Alexis Tsipras accused Spain and Portugal on Saturday of leading a conservative conspiracy to topple his anti-austerity government, saying they feared their own radical forces before elections this year.

Tsipras also rejected criticism that Athens had staged a climbdown to secure an extension of its financial lifeline from the euro zone, saying anger among German conservatives showed that his government had won concessions.

Feb 27, 2015

Tsipras denies Greece will seek yet another bailout

ATHENS, Feb 27 (Reuters) – Prime Minister Alexis Tsipras
denied on Friday that Greece would need yet another
international bailout, and a poll showed surging support for his
government even though it had to back down to win a temporary
lifeline from the euro zone.

Tsipras dismissed German suggestions that Greece was trying
to blackmail the euro zone. But he said his government had
requested a reduction in the country’s mountainous debt, despite
the insistence of its European and IMF creditors that Athens
must meet its obligations in full.

Feb 25, 2015

Greece will not complete power privatisations -minister

ATHENS, Feb 25 (Reuters) – Greece will not go ahead with
privatising its dominant electricity utility PPC or
power grid operator ADMIE, Energy Minister Panagiotis Lafazanis
said, despite promising its creditors not to halt sales that are
underway.

Lafazanis’s comments appeared to mark the first sign of open
dissent from a minister on the far left flank of the new Greek
government over a deal with the euro zone to extend the
country’s bailout programme.

Feb 19, 2015

Greece dances around words to keep anti-bailout public on side

ATHENS, Feb 19 (Reuters) – Greece’s new leftist-led
government walked a semantic tightrope on Thursday to assure
supporters it had not climbed down and sacrificed national pride
by requesting an extension of euro zone financial support while
seeking to satisfy its creditors.

Government officials stressed their proposal to extend a
loan agreement with the euro zone did not mean reneging on an
oft-repeated pledge to scrap a hated bailout programme.

Feb 17, 2015

Greek PM says will not compromise or rush into a deal

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras said on Tuesday his government would not succumb to “blackmail” and would instead quickly start voting in new laws to reverse bailout reforms.

In a combative speech, he signaled little intention of backing down Greece’s clash with its euro zone partners, despite a looming financial crisis.

Feb 16, 2015

France hints euro zone should ease stance for Greek deal

PARIS/ATHENS (Reuters) – Debt-laden Greece and EU paymaster Germany struck hardline postures ahead of a crucial meeting of euro zone finance ministers on Monday on the future of an unpopular international bailout for Athens, but France called for compromise.

German Finance Minister Wolfgang Schaeuble maintained a typically tough line, telling German radio Greece had lived beyond its means for a long time and there was no appetite in Europe for giving it any more money without guarantees.

Feb 11, 2015

Greek finance minister enters euro zone lions’ den

ATHENS/BRUSSELS (Reuters) – Greek Finance Minister Yanis Varoufakis headed for a showdown with euro zone finance ministers on Wednesday after his new leftist-led government won a parliamentary confidence vote for its refusal to extend an international bailout.

The former academic said he was ready for a clash with euro zone paymaster Germany and its allies over Greece’s determination to scrap austerity measures, end cooperation with the “troika” of EU/ECB/IMF officials overseeing the bailout program and demand a “haircut” restructuring its debt.

Feb 6, 2015

Moody’s puts Greek government bond rating on review for downgrade

ATHENS (Reuters) – Moody’s said late on Friday that it was placing Greece’s government bond rating of Caa1 on review for downgrade as the agency warned that there was great uncertainty as to the result of talks between the country and its creditors.

Leftist Prime Minister Alexis Tsipras was elected barely two weeks ago on a pledge to renegotiate the terms of a 240 billion euro ($270 billion) bailout, including a promise to write off a chunk of the country’s debt and scrap austerity measures.

Feb 6, 2015

Moody’s puts Greek gov’t bond rating on review for downgrade

ATHENS, Feb 6 (Reuters) – Moody’s said late on Friday that
it was placing Greece’s government bond rating of Caa1 on review
for downgrade as the agency warned that there was great
uncertainty as to the result of talks between the country and
its creditors.

Leftist Prime Minister Alexis Tsipras was elected barely two
weeks ago on a pledge to renegotiate the terms of a 240 billion
euro ($270 billion) bailout, including a promise to write off a
chunk of the country’s debt and scrap austerity measures.

Feb 1, 2015

A week in and Greece’s new leftist PM sticks to tough line, for now

ATHENS, Feb 1 (Reuters) – Judging from Prime Minister Alexis
Tsipras’ first week in office, Greece’s new leftist government
is determined to take the hard-line, anti-bailout stance that
international investors and European leaders had feared.

In fewer than seven days, the new administration in Athens
has halted several planned privatisations, started talks with
European partners over debt forgiveness and held a tough line
with the first euro zone official to visit the country after
last Sunday’s elections.