BRUSSELS/ATHENS (Reuters) – Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.
Eurozone and IMF creditors gave Greece extra time until the end of June to complete the bailout program and receive the remaining 7.2 billion euros but it will not be allowed any funds until it passes a review that could take weeks to negotiate.
ATHENS, Feb 25 (Reuters) – A prominent Greek minister defied
his government’s pledge to press on with some state asset sales,
revealing the first open dissent within Prime Minister Alexis
Tsipras’s coalition and highlighting the tightrope that the
leftist premier must walk.
After weeks of euphoric declarations that Greece’s bailout
and accompanying austerity were “dead”, Tsipras was forced to
capitulate under threat of national bankruptcy last week and
accept another four months of the EU/IMF programme.
ATHENS (Reuters) – Greece offered to accept conditions on an extension to its loan agreements with the euro zone, and even an inspection by the European Commission, at a fraught meeting in Brussels on Monday, documents released by Athens showed.
Prime Minister Alexis Tsipras has consistently rejected any suggestion of foreign supervision of Greece’s finances by EU/IMF lenders. But the documents released on Wednesday suggest a more flexible line by his government to placate euro zone creditors than his anti-bailout rhetoric at home has suggested.
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.
ATHENS, Feb 15 (Reuters) – For over a fortnight, Europe’s
single warning to Greece has been that the chaos and misery of
national bankruptcy await it unless its new left-wing government
changes its anti-austerity tune.
The message of impending doom appears to have gone largely
unnoticed on the streets of Athens, where a mood of hope and
optimism bordering on euphoria reigns as Greeks see themselves
finally shaking off foreign shackles to shape their own destiny.
ATHENS, Feb 8 (Reuters) – Greece’s new leftist prime
minister, Alexis Tsipras, said on Sunday he would not accept an
extension to Greece’s current bailout, setting up a clash with
EU leaders – who want him to do just that – at a summit on
Tsipras also pledged his government would heal the “wounds”
of austerity, sticking to campaign pledges of giving free food
and electricity to those who had suffered, and reinstating civil
servants who had been fired as part of bailout austerity
ATHENS (Reuters) – Barely a week in power, Greece’s new leftwing government is winning over an increasingly enthusiastic domestic audience by moving boldly on populist campaign pledges at home even as it strikes a more moderate note abroad.
While selling a message of reassurance on a diplomatic charm offensive in Europe, Prime Minister Alexis Tsipras has surged to a 68 percent approval rating at home by taking a radical line to show that the old, unreliable world of Greek politics as usual is out — both symbolically and otherwise.
ATHENS (Reuters) – Greek left-wing leader Alexis Tsipras was sworn in on Monday as the prime minister of a new hardline, anti-bailout government determined to face down international lenders and end nearly five years of tough economic measures.
The decisive victory by Tsipras’ Syriza in Sunday’s snap election reignites fears of new financial troubles in the country that set off the regional crisis in 2009. It is also the first time a member of the 19-nation euro zone will be led by parties rejecting German-backed austerity.
ATHENS, Jan 26 (Reuters) – Greek left-wing leader Alexis
Tsipras on Monday agreed to team up with a right-wing party to
form a new hardline, anti-bailout government determined to face
down international lenders and end nearly five years of tough
The decisive victory by Tsipras’ Syriza in Sunday’s snap
election reignites fears of new financial troubles in the
country that set off the regional crisis in 2009. It is also the
first time a member of the 19-nation euro zone will be led by
parties rejecting German-backed austerity.
ATHENS, Jan 25 (Reuters) – Greece’s leftwing Syriza looked
set for a comfortable victory over the ruling conservatives, an
exit poll showed, with a chance of winning a full majority to
face down international creditors and roll back years of painful
Syriza could gain 35.5-39.5 percent of the vote, well ahead
of the conservative New Democracy party of outgoing Prime
Minister Antonis Samaras on 23-27 percent, according a joint
exit poll for Greek television stations issued immediately after