Michele's Feed
Jul 10, 2015

Greeks hope for deal after latest bailout proposals

ATHENS (Reuters) – Greeks awoke on Friday hoping their government would finally seal a cash-for-reforms deal with its international creditors after Prime Minister Alexis Tsipras offered last-minute concessions to try to save the country from bankruptcy.

The Greek parliament will vote on whether to throw its weight behind the new proposals and two senior figures from the ruling Syriza party sounded an optimistic note on Friday morning on securing the lawmakers’ backing.

Jul 5, 2015

Divided and desperate Greeks vote in referendum that may decide euro future

ATHENS (Reuters) – Greeks voted on Sunday in a referendum that could determine their future in Europe’s common currency, with banks shuttered, the treasury empty and a population desperate, angry and so deeply split that the outcome was too close to call.

The referendum is officially a Yes or No vote on a bailout offer from creditors, but a ‘Yes’ could bring down the government of Prime Minister Alexis Tsipras, while European leaders say a ‘No’ could force a chaotic exit from the euro.

Jul 3, 2015

Greeks deeply divided heading into crucial vote

ATHENS, July 3 (Reuters) – Tens of thousands of Greeks took
to the streets on Friday in rival rallies that laid bare the
deep divide heading into a referendum that may decide the
country’s future in Europe’s single currency.

Prime Minister Alexis Tsipras, elected in January on a
promise to end years of austerity, urged people packing Syntagma
square in central Athens to spurn the tough terms of an aid deal
offered by international creditors to keep the country afloat.

Jul 3, 2015

Greeks evenly split heading into crucial referendum

ATHENS (Reuters) – Thousands of Greeks staged rival rallies on Friday ahead of a weekend referendum that may decide the country’s future in Europe’s single currency, with polls showing voters almost evenly split.

At least 20,000 people turned out at each rally, at the end of a week of high drama following the government’s rejection of an aid deal with international creditors and the closure of banks.

Jun 30, 2015

EU in last-ditch bid to Greece, urges “yes” vote to bailout

ATHENS, June 30 (Reuters) – The head of the European
Commission made a last-minute offer to try to persuade Greek
Prime Minister Alexis Tsipras to accept a bailout deal he has
rejected before a referendum on Sunday which EU partners say
will be a choice of whether to stay in the euro.

But Greek government sources said the leftist premier stood
by his rejection of the creditors’ conditions and Greece would
default on a crucial repayment due to the International Monetary
Fund on Tuesday, plunging it deeper into financial crisis.

Jun 30, 2015

Anti-austerity protests in Greece as bank shutdown bites

ATHENS (Reuters) – Tens of thousands of Greeks rallied on Monday to back their leftwing government’s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system.

With a popular referendum on the bailout planned for Sunday, Prime Minister Alexis Tsipras put his own position on the line, saying he would respect the result of the vote but would not lead a government to administer “austerity in perpetuity.”

Jun 29, 2015

Greek government assures tourists that crisis won’t affect them

ATHENS, June 29 (Reuters) – Greece, at pains to protect one
of the economy’s only bright spots, rushed on Monday to assure
tourists that their holidays would be untouched by the
restrictions imposed to protect the tottering banking system.

The government on Sunday ordered banks to close for a week
and imposed capital controls as it lurched towards a default in
a dramatic standoff with international creditors who have been
keeping the country solvent.

Jun 29, 2015

Greece in shock as banks shut after snap referendum call

ATHENS, June 29 (Reuters) – Greeks struggled to adjust to
shuttered banks, closed cash machines and a climate of rumours
and conspiracy theories on Monday as a breakdown in talks
between Athens and its creditors plunged the country deep into
crisis.

Prime Minister Alexis Tsipras, who blindsided creditors by
calling a referendum on the austerity cuts in the aid package
proposed by the creditors, appeared on television on Sunday
night to announce capital controls to prevent banks from
collapsing.

Jun 29, 2015

Greece in shock as banks shut after creditor talks break down

ATHENS (Reuters) – Greeks woke up to shuttered banks, closed cash machines and a climate of rumors and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.

After receiving no extra emergency funding for Greek lenders from the European Central Bank, Prime Minister Alexis Tsipras sombrely announced capital controls in a televised address on Sunday night to prevent banks from collapsing under the weight of mass withdrawals.

Jun 29, 2015

Greece reels in shock as banks shut

ATHENS, June 29 (Reuters) – Greeks woke up to shuttered
banks, closed cash machines and a climate of rumours and
conspiracy theories on Monday as a breakdown in talks between
Athens and its creditors pushed the austerity-battered country
to the brink.

After receiving no extra emergency funding for Greek lenders
from the European Central Bank, Prime Minister Alexis Tsipras
reluctantly imposed capital controls on Sunday night to prevent
banks from collapsing under the weight of mass withdrawals.