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Conservatives win Greek election with promise to revive economy, unseating leftist Syriza
Conservatives are returning to power in Greece after crushing the leftist ruling party, which failed in its pledge to fight austerity. Now New Democracy offers more jobs and less taxes for austerity-weary Greeks.
The party of opposition leader Kyriakos Mitsotakis has claimed 39.74 percent of the vote, with Syriza trailing on 31.5 percent, the Interior Ministry said, after counting nearly 45 percent...
Alexis Tsipras to Step Down in September 2015, Hold Snap Elections
Prime Minister Alexis Tsipras has confirmed his resignation and early election plans for Greece in a live address. The move comes after Athens managed to pay a huge chunk of its €3.4 billion debt to the ECB.
“The political mandate of the January 25 elections has exhausted its limits and now the Greek people have to have their say,” Tsipras said in a televised address Thursday night.
Tsipras...
Greek deputy finance minister resigns over debt deal
Greek Deputy Finance Minister Nadia Valavani has resigned ahead of the key vote in the Greek parliament on a third bailout agreed between Prime Minister Alexis Tsipras and the country’s creditors. She described the deal as Greek agony.
“Alexis, I am ready to serve in any capacity to the end during challenges. However, when our delegation returned with liabilities that are ‘stillborn measures’...
Russia vows to help Greece overcome financial woes
Russian President Vladimir Putin has assured Greeks that he will support them in the financial hardships they face after the Greek people overwhelmingly voted “No” to further restricting terms of an international bailout program.
In a phone conversation on Monday, Putin discussed the results of a Sunday referendum with Greek Prime Minister Alexis Tsipras, voicing his support for the Greek...
US Preparing Coup to Prevent Greece from Falling Under Russian Influence
The United States and Germany are prepared to engineer a coup in Greece to keep the country operating as a strategic asset on NATO’s vulnerable southeast European flank.
“A putsch in Athens to save allied Greece from enemy Russia is in preparation by the US and Germany, with backing from the non-taxpayers of Greece – the Greek oligarchs, Anglo-Greek shipowners, and the Greek Church,” writes...
Greece after 5 years of belt tightening
The EU and its financial institutions have been pushing an austerity policy on Greece for the last five years. High unemployment, more taxes, billions of euros fleeing, and an increase in suicides mean Greeks on Sunday have to decide if enough is enough.
What happened?
In January, the left-wing Syriza party led by Prime Minister Alexis Tsipras promised to end years of austerity measures without leaving...
Greek pensioners protest against austerity deal
Angry pensioners have hit the streets of the Greek capital, protesting against the reports of a new austerity plan being ushered onto them. It comes as Greece and its lenders debate the nation’s €240 billion debt.
Demonstrators say they feel betrayed by Syriza’s measures of the upcoming deal, which, according to AP, suggests increasing the contributions that employees pay for pensions,...
Greek Minister Claims Europe at War With Athens
European countries, international creditors and the Greek opposition have declared a war on Greece (resembling the one on Yugoslavia) but the government will stay true to its election promises, Labor Minister Panos Skourletis of Syriza said.
“The months following the elections were extremely hard. Never before has the government, which received a clear popular mandate, faced such a war waged...
Greece has no money to make IMF payment, interior minister says
Greece will not be able to make next tranche of debt repayment to the International Monetary Fund (IMF), as the country has no money to pay, the Interior Minister said.
“The four installments for the IMF in June are 1.6 billion euros ($1.8 billion), this money will not be given and is not there to be given,” Nikos Voutsis told Greek Mega TV’s weekend show on Sunday.
Asked about the...
Greek June 5 payment impossible without deal
Nikos Filis, parliamentary spokesman of Greece’s Syriza Party.
The Greek government says the repayment of its debt to the International Monetary Fund (IMF) scheduled for early next month will not be possible unless a deal is reached between Athens and its international creditors for unblocking a bailout fund.
The parliamentary spokesman for Greece’s ruling Syriza Party said Wednesday that the government...
Greek economy contracts 0.2 percent, slipping back into Recession
A new report shows that the economy of Greece under SYRIZA has slipped back into recession after having contracted by 0.2 percent during the first quarter of the current year.
The report was released by the national statistics agency, ELSTAT, on Wednesday, showing the second consecutive quarterly fall in Greece’s national output, after it had grown for most of 2014, AFP reported.
The downturn, the...
Putin Orders Special Forces To Protect Greek Leaders Life “At All Costs”
A stunning new report circulating in the Kremlin today prepared by the Ministry of Foreign Affairs (MoFA) states that President Putin has ordered an immediate deployment of at least 125 special forces operatives to Greece to “insure the protection of life at all costs” of that nations new Prime Minister Alexis Tsipras. [Photo left]
According to this report, Prime Minister Tsipras took office this...
Russia might bailout Greece
Russian Finance Minister Anton Siluanov.
Greece hasn’t outright asked Russia for a loan, but Russian Finance Minister Anton Siluanov said Moscow wouldn’t rule it out. His statement comes days after Greece openly opposed further economic sanctions against Russia.
“Well, we can imagine any situation, so if such [a] petition is submitted to the Russian government, we will definitely consider...
Le Pen hails Greek anti-austerity party victory
The victory of Greece’s anti-austerity Syriza party is a monstrous democratic slap to the European Union, believes Marine Le Pen, leader of France’s far-right National Front party, adding that for her this success means “the trial of the euro-austerity.”
“I welcome the monstrous Democratic slap the Greek people has given to the European Union,” Le Pen told France’s RTL radio.
According...
Anti-EU Communists win national elections in Greece
Greece’s radical leftist party, Syriza, is leading the country’s parliamentary election, claiming 36 percent of the vote, and leaving the ruling New Democracy party in second place with 28 percent, according to the preliminary results.
The votes have so far been counted at 96.6 percent of polling stations across the country.
Greek Prime Minister, Antonis Samaras, has acknowledged defeat and congratulated...