MAIN FOCUS: Athens presents new reform proposals | 10/07/2015

The Greek government sent a new reform plan to its negotiating partners on Thursday. After examining the list, the EU leaders plan to decide on a new aid package on Sunday. This emergency summit is the last chance to prevent the collapse of Europe, some commentators warn. Others criticise that the negotiations will continue as before

“I was the lucky one coming here,” Theodore Xenos says from behind the counter of the Greek Superstore, a souvenir shop in Astoria that’s lined with Greek flags and sells everything from Greek pop music albums to “Opa!” adorned baby onesies

Greek parliament decides on Grexit tonight

A compromise for a third bailout, which would allow Greece, to stay in the eurozone, is within reach. It is now up to the Greek parliament to have the final word: if Greece stays in the euro, and in the Union, or if it leaves. The vote takes place tonight, 10 to 11 July. It is very likely that the European Commission, the International Monetary Fund and the European Central bank would give their green light tomorrow to a Greek reform plan, opening
Greece’s “No” is No Victory for Democracy

Despite what many are saying – especially those who do not have to bear the consequences of their words – Greek voters’ rejection on Sunday of the latest bailout offer from their country’s creditors did not represent a “victory for democracy.” In fact, it is quite the opposite.


German Chancellor Angela Merkel and French President François Hollande have called on Athens to present a plan for financing Greece. The two leaders met on Monday to discuss their strategy for today’s special Eurozone summit. Europe now has the chance to abandon its neoliberal austerity policy, some commentators write. Others point out that the costs of a Greek debt write-down would weigh heavily on all the countries of the monetary union.


A screenshot of the new Indiegogo campaign "Greek Crowdfund."

A screenshot of the new Indiegogo campaign “Greek Crowdfund.”

Last updated at 1:30 p.m. GMT, July 8.


The resounding “No” uttered by the Greeks on Sunday offers yet more proof of their rejection of the vicious cycle of austerity. Angela Merkel now finds herself trapped between the will of the Greek people and the inflexibility of her finance minister. La Tribune reports.

Greek government sources say PM will put a new deal on the table at emergency eurozone summit in Brussels on Tuesday.

VIDEO: Five banking headaches facing Greeks

Ros Atkins explains the banking restrictions and the impact are they having on everyday life in Greece.

Greece’s opposition parties are divided about ongoing negotiations between Athens and its creditors. Potami supports the Syriza-led government’s efforts, while New Democracy and Pasok are taking a hard line. EurActiv Greece reports.

France showed its true colours yesterday (8 July) when Manuel Valls said that a Greek exit from the eurozone would be an admission of the European Union’s impotence.

A third bailout Greek package will be decided on before an emergency summit on Sunday (12 July). Opposition to such a measure is growing within Germany’s centre-right. EurActiv Germany reports.

Creditors press Greece for debt plan

Eurozone finance ministers say they expect to hear fresh proposals from Greece after a referendum rejected the terms of an international bailout.

EU leaders will have a lot of soul searching to do today, following the victory by the “No” camp in the Greek referendum on Sunday (5 July), which rejected their proposed rescue package.

VIDEO: Germans on ‘selfish’ Greek vote

What do German people think of the Greek No vote?
Is Grexit legal? EU lawyers try to make it so

Greece’s recently-departed finance minister Yanis Varoufakis repeatedly argued that Greece could never leave the eurozone because there is nothing in the EU treaties that permits exit from the bloc’s common currency. But that hasn’t stopped EU lawyers from looking.

Spain’s Podemos shows us that we can (but without Labour)

If the UK is to learn anything from the political changes in Spain, it must be that Podemos was formed out of the failings of the country’s traditional socialist party.


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