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Germany’s finance minister has declared that promises aren’t enough anymore, saying that Greece must now implement reforms to prove it’s not a bottomless pit. John Laughland, of the Institute of Democracy and Cooperation in Paris, says there are more radical plans currently being drawn up by the Germans… Tweet
Greek lawmakers on Monday approved harsh new austerity measures demanded by bailout creditors to save the nation from bankruptcy. The vote came after rioters in Athens torched buildings and clashed with riot police. Tags: Greece, Passes, Austerity, Deal, Amid Rioting, Athens, Riots, Banksters, Globalist, Bailouts Tweet
Greece has announced that it could ditch the Euro and exit the Eurozone in as little as 3 months – unless the EU and the IMF fund it with a second 130 billion euro bailout. Talks over the cash life-line have stalled for months over the poor performance of austerity measures and fears for the
And with the fate of the Eurozone, and perhaps even the EU, now squarely in the hands of Italy and Greece – concerns are growing. But John Laughland, the Director of studies at the Paris Institute of democracy and cooperation, believes that too much blame for the crisis is being put on the weakest nations.
The Greek Prime Minister will keep his job, at least for now, after securing a crucial confidence vote from Parliament. It comes after George Papandreou horrified the country’s European partners and wreaked international havoc on the markets by calling a referendum on the EU bailout plan for Greece, a move he later cancelled. RT correspondent
Germany has guaranteed to contribute 211 billion Euros to help Greece avoid going into default. Many Greeks have hit the streets to protest the new property tax that was passed by the Greece government and have even burned their bills to demonstrate their defiance. The people of Greece feel that they aren’t the ones that
Greece is in economic trouble once again. The markets reflected the worries of investors that the Greek economy might default on its debt. Economists say that the US will be affected as well if Greece defaults, which would make an American recession more likely. Demetri Kofinas, economics blogger and RT contributor, breaks down the economic
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