Tag: drachma

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‘A group of Greek MPs who want to take the debt-ridden country out of the eurozone and bring back the former drachma currency could form a Government within three days. The Popular Unity party is a breakaway group from current ruling party Syriza and is led by former energy minister Panagiotis Lafazanis. The group of […]

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‘The German government has begun preparations for Greece to be ejected from the eurozone, as the European Union faces 24 hours to rescue the single currency project from the brink of collapse. Finance ministers failed to break the deadlock with Greece over a new bail-out package, after nine hours of acrimonious talks as creditors accused […]

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‘The heads of the European Union last night warned the next five days comprised ‘the most critical moment in the history of the EU’ as they attempt to finally solve the Greek debt impasse. Leaders of all 28 member states – including David Cameron – have been summoned to a meeting on Sunday billed as […]

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‘Last week, Greek PM Alexis Tsipras submitted two three-page proposals that were ostensibly designed to close the gap with creditors. EU officials were incredulous, calling the drafts “not serious.” Tsipras had effectively resubmitted Greece’s previous […]

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‘Greek Premier Alexis Tsipras has strongly criticized the International Monetary Fund (IMF)’s policies toward his country, saying the international institution bears “criminal responsibility” for Greece’s debt crisis. “The IMF has criminal responsibility for today’s situation,” […]

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Greece Government Favours Drachma – Vows Will Not “Bow to Blackmail” – Merkel, Hollande, Juncker, Lagarde and Draghi in “emergency” meeting re Greece – Bankrupt Greece must find €1.6 billion to pay IMF in June – First instalment of €300…

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Greek Debt Crisis Coming To Head – “Second Currency” For Greece and Contagion? – Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default – IMF Rebuff Greek Suggestion To Delay Repayments – ECB’s Draghi Warns…

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Greek Debt Crisis Coming To Head – “Second Currency” For Greece and Contagion? – Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default – IMF Rebuff Greek Suggestion To Delay Repayments – ECB’s Draghi Warns…

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‘We seem to have finally arrived at some sort of moment of truth regarding Greece and their inclusion in the EU.  The speculation is they will be out of money by April 9th, this Thursday, […]

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The era of living off borrowed money is over in Greece, and the Greek people now have a choice. Almost four years ago I wrote Greece, Please Do The Right Thing: Default Now (June 1, 2011). Default remains the only real…

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The era of living off borrowed money is over in Greece, and the Greek people now have a choice. Almost four years ago I wrote Greece, Please Do The Right Thing: Default Now (June 1, 2011). Default remains the only real…

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