Costas's Feed
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.

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.