Officials in the 19-nation eurozone are focusing on debt-ridden Greece in a series of meetings Monday as they work to prevent the country from defaulting on its loan payments at the end of the month.
June 22, 2015
Greece wants the European Central Bank to agree for Athens to delay payment on some 27 billion euros ($30 billion) in Greek bonds that it will otherwise be unable to repay, the finance minister said Thursday.
The Business Insider: May 14, 2015
German Finance Minister Wolfgang Schaeuble warned that sovereign defaults can catch officials off guard as Greece prepares for a finance ministers’ meeting Monday with the European Central Bank threatening to tighten the screw.
Bloomberg: May 9, 2015
The EU and IMF hit back Wednesday at accusations by Athens that internal rifts were blocking a bailout deal as cash-poor Greece survived yet another big interest payment averting bankruptcy.
The Business Insider: May 7, 2015
European Central Bank officials will debate tighter rules for the liquidity that Greek lenders rely on for survival, two people familiar with the matter said, a move that underscores the fragility of the country’s financial system.
Bloomberg: May 6, 2015
Mario Draghi denies asphyxiating the cash-strapped government after Greek PM repeats Nazi reparations claims in Berlin
The Telegraph: March 23, 2015
Greece is locked in unreason and the future is not so bright.
Thomas Colignatus: June 12, 2012
The EU is in a pressure cooker with interest rates that suffer from stigma, i.e. irrational fears of default that become rational and self-fulfilling because the higher rates of interest imply a reward.
Thomas Colignatus: January 30, 2012
Greece may actually help the EU if she learns how to value and respect the advice of economic scientists.
Thomas Colignatus: November 4, 2011
The leaders of Germany and France represent now far more than their electorates, and responsibility is crucial.
Paris Karagounis: June 21, 2011