Greek debt archivos

Time is running out for Greece

The Eurogroup needed just half an hour to deal with the package of measures presented by Greece in Brussels, pressurizing the Athens government to negotiate the technical issues seriously and in detail with experts from the European Commission, the European Central Bank (ECB) and the International Monetary Fund; the so-called “men in black” of the former Troika. Meanwhile, the Greek authorities do not rule out fresh elections or a referendum on the euro if negotiations prove fruitless.

Greece and the euro: has the moment of truth finally come?

Among other issues, the year 2015 will continue to be marked in Europe by renewed tension between the European Union and its somewhat “problematic” Member State, Greece; tension of almost unprecedented nature, certainly long-lasting and with unpredictable consequences for everyone. At the political level, this is a tension that pits a relatively radical version of the left, which is dominant in the new Greek government, against conservative liberalism, which is little questioned by social democracy that is associated with power in Germany and Europe more generally, as a moderately influential minority partner.

Greek “charm offensive” ends in collision with Germany

After a week of non-stop meetings by the Greek Prime Minister and his Finance Minister, Messrs Tsipras and Varoufakis, an apparent rift exists between Greece and Germany. With the ECB’s action to cut off the Greek banks from the ESM and instead use the ELA mechanism for liquidity, and Jeroen Dijselbloem’s outright rejection of a ‘bridge loan’, the situation is now at a standstill. While Greece sees the first demonstrations in support of its government, the current bailout programme ends on 28 February and Grexit re-enters the public discourse.