Costas's Feed
Jul 3, 2015

For many Greeks abroad: ‘transaction cannot be approved”‘

LONDON (Reuters) – Life was already tough for Vassilis, who left Athens last month to seek work in London with around 2,000 pounds ($3,000) in his pocket, as he failed to land a job as quickly as he had hoped.

In the past few days it has got a lot tougher. He has money in his Greek bank account, but a 60 euro cap on bank withdrawals imposed last weekend means he cannot access it without the high fees for each small amount eating up his savings.

Apr 1, 2015

Greece sends updated reforms, pledges to pay IMF on time

ATHENS (Reuters) – Greece sent an updated list of reforms to lenders on Wednesday to try to unlock financial aid and avoid a default but euro zone officials said more work was needed before new funds could be released.

Greece is weeks away from running out of cash but its euro zone and International Monetary Fund lenders have frozen support payments until it implements reforms, with talks bogged down over what measures the leftist-led government must take.

Apr 1, 2015

Greece sets sights on deal, denies to delay IMF payment

ATHENS, April 1 (Reuters) – Greece hopes to reach a deal
with its international lenders next week and has no plans to
delay a repayment to the IMF, the government said on Wednesday,
seeking to calm mounting fears that the country will default.

Greece is weeks away from running out of cash but its euro
zone and International Monetary Fund lenders have frozen aid
until it implements reforms, with talks bogged down over what
measures the leftist-led government must take.

Mar 29, 2015

Greek reform list yet to take shape as talks with lenders continue

ATHENS/BRUSSELS (Reuters) – Greece and its international creditors continued talks through the weekend on reforms to unlock loans and Athens sounded an upbeat tone, but the lenders said it could take several more days before a proper list of measures was ready.

Greece will run out of money by April 20 if it does not secure funding from its European partners, a source familiar with the matter told Reuters last week.

Mar 28, 2015

Greek PM Tsipras says he seeks no rift with Europe

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras said on Saturday that he sought no rift with Europe after his cash-strapped country submitted a list of reforms to its lenders in a bid to secure much-needed funds.

Tsipras’ leftist government agreed an extension to its 240-million euro bailout fund in February, albeit with aid frozen, and now must agree on a set of reforms which it sent to its EU-IMF creditors on Friday in order to stave off bankruptcy.

Mar 18, 2015

Greek PM demands EU stop ‘unilateral actions’ as tensions flare

ATHENS/BERLIN (Reuters) – Greek Prime Minister Alexis Tsipras lambasted European partners on Wednesday for criticizing a new anti-poverty law hours before it is voted on, saying it was the euro zone rather than Athens that must stop “unilateral actions” and keep its word.

Tsipras’s impassioned speech to parliament as it prepared to vote on his government’s first bill marked the latest escalation in a war of words between Athens and its creditors that has raised the risk of a Greek bankruptcy and euro zone exit.

Mar 17, 2015

Greece rejects ‘blackmail’, seeks meeting with top EU leaders

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras has requested a meeting with top European leaders including German Chancellor Angela Merkel at this week’s EU summit, a Greek official said on Tuesday, as Athens insisted it would not be ‘blackmailed’ over its debt crisis.

Greece is at risk of running out of cash within weeks but its EU partners, angered by the new government’s fiery rhetoric against its international bailout, have frozen financial aid until it shows evidence it is implementing reforms.

Mar 1, 2015

Spanish PM hits back at Greek accusation of anti-Athens “axis”

ATHENS/MADRID (Reuters) – Spain’s centre-right Prime Minister Mariano Rajoy hit back on Sunday against accusations from Greece’s leftist premier that Spain and Portugal had led a conservative conspiracy to topple his anti-austerity government.

Greek Prime Minister Alexis Tsipras said Spain and Portugal had taken a hard line in talks on the euro zone extending the Greek bailout program because they feared the rise of the left in their own countries.

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.