Greece’s Challenge: Appeasing Its Creditors and Its Population Only more Greek drama will avoid the drachma By Marcus Walker Greece and the rest of the eurozone spent February fighting about the procedure for keeping the country afloat. They will spend the spring haggling over a tougher issue: Which economic policies can appease both Greece’s creditors and its population? Analysis This…
In Greek Crisis, Rare Moment of Consensus By Jim Yardley ROME — For the past month, as Greece once again emerged as a threat to the global economy, a new generation of populist Greek leaders vowed to shatter Europe’s austerity politics in what threatened to become an unbridgeable divide with the European establishment, especially Germany. There were insults, predictions of…
Greece Poised to Request Six-Month Loan Extension by Jonathan Stearns and Patrick Donahue Greece may request an extension of its loan agreement for six months, according to a person familiar with the matter, a step that could ease a standoff with creditors over the country’s future financing. Prime Minister Alexis Tsipras’s government intends to make the request on Wednesday, the…
Eurogroup, Greece fail to agree on bailout extension By Valentina Pop A first meeting between the new Greek finance minister and his eurozone peers ended on Wednesday (11 February) without a joint statement, as Athens is still refusing to accept an extension of its bailout programme. The seven-hour long talks were praised for "covering a lot of ground" and for…
Germany Finds Little in Common With Greece Before Meeting by Nikolaos Chrysoloras and Rainer Buergin Germany and Greece are heading into an emergency meeting with official creditors today with conflicting positions, setting the stage for a clash. German Finance Minister Wolfgang Schaeuble rejected Greece’s call for a new debt accord, while Greece’s new Prime Minister Alexis Tsipras remained defiant, saying…