Greece will need far bigger debt relief than eurozone partners have been prepared to envisage so far due to the devastation of its economy and banks in the last two weeks, a confidential study by the International Monetary Fund seen by Reuters shows.
Putin knows he can use Greece to drive a wedge between Brussels and individual EU member states, and Greek Prime Minister Alexis Tsipras should have known better when he makes plans for an extension of the Turkish Stream project across his country, write Sijbren de Jong and Willem Oosterveld.
Background DiscontentA bare two years ago, we witnessed an outbreak of global discontent. Mass protests took place in a host of different cities, including London, Madrid, New York, Istanbul, Cairo, Sofia, São Paulo and so on. Back then, I suggested in an article in Open Democracy, that the simultaneity of these events might in part be an effect of globalisation in the western neo-liberal version that has captivated a large proportion of the world.
Europe needs Tsipras to pass the agreement in Parliament, where there is a no majority without the bulk of Syriza votes.
If you’ve followed the crisis in Greece around its third bailout — well, first, congratulations on making it this far. It’s been a tortured few weeks
Resistance to the austerity plans is growing in Greece after the agreement with the Euro Group. Prime Minister Alexis Tsipras will presumably need votes from the opposition to push the agreement through parliament. The creditors are humiliating Greece and stipulating unreasonable demands, some commentators write. Others praise the agreement as a chance to get Greece back on the road to recovery.
During her press briefing Monday on morning (13 July), German Chancellor Angela Merkel said that trust in the Greek government has been restored.
Running for office means engaging in an operation that is intrinsically reductive and hegemonic, whether we like it or not.