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Greece says will not cooperate with "troika" or seek aid extension
By Lefteris Papadimas and Angeliki Koutantou ATHENS (Reuters) - Greece's new leftist government opened talks on its bailout with European partners on Friday by flatly refusing to extend the program or to cooperate with the international inspectors overseeing it. Prime Minister Alexis Tsipras' government also sacked the heads of the state privatization agency after halting a series of state asset ...
Fri, 30 Jan 2015 13:23:17 -0800

Greece Tells EU Financial Bailout Is Over
The new government may be operating without a financial safety net for the first time in five years by March after Varoufakis challenged the euro area to agree to a new framework of support that allows for more spending. Greece won’t engage with officials from the troika who have been policing the conditions of its rescue since 2010, he said at a joint press conference with Eurogroup Chief ...
Fri, 30 Jan 2015 16:01:01 -0800

Greece's Predicament in One Scary Chart
If the new prime minister of Greece, Alexis Tsipras, hopes to make a deal with his country's creditors, time is of the essence. Judging from data on capital flows, Greece's change of political course is rapidly eroding confidence that it will stay in the European currency union. Such capital flight can be tracked (roughly) by looking at the accounts of central banks: If 1 billion euros moves out ...
Fri, 30 Jan 2015 01:19:05 -0800

Germany to Greece: Don't mess with us over debt, austerity
ATHENS, Greece (AP) — Greece and its European bailout creditors were in open dispute Friday, with Germany bluntly rejecting suggestions the heavily-indebted country should be forgiven part of its rescue loans and warning against "blackmail" from Athens.
Fri, 30 Jan 2015 11:20:24 -0800

EU, Germany warn Greece over debt reduction ambitions
The European Union and Germany warned Greece's radical new left-wing government Thursday that there is little support for a reduction in its massive debts, on the eve of its first talks with its eurozone partners. Radical Prime Minister Alexis Tsipras will on Friday meet Jeroen Dijsselbloem, the current head of the eurozone group of finance ministers, which Athens said would mark the start of ...
Thu, 29 Jan 2015 13:23:48 -0800

Wonkblog: Greece really might leave the euro
Greece's banks, not its debt, are what might force it out of the euro, as it gets ready to fight Europe over austerity.
Fri, 30 Jan 2015 04:41:06 -0800

Eurogroup chief warns Greece against 'ignoring' bailout deals
The head of the Eurogroup warned on Friday that Greece could not ignore its international obligations, after a first meeting with the new anti-austerity government which wants to renegotiate its multi-billion-euro bailout. "Taking unilateral steps or ignoring previous arrangements is not the way forward," Jeroen Dijsselbloem, representing Greece's eurozone creditors, told a news conference after ...
Fri, 30 Jan 2015 09:13:48 -0800

Greece: Putin's new ally in Europe?
After just days in office, Greece's new government has begun wrestling with Europe, while inching closer to a more volatile power: Russia. The countries have a long history of economic, cultural and religious ...
Fri, 30 Jan 2015 04:15:00 -0800

Germany Warns Greece Is Heading the Wrong Way
“Greece is firmly anchored in the mainstream of the European Union,” Michael Roth, who’s also deputy foreign minister, said in an interview. Prime Minister Alexis Tsipras’s government, sworn in Tuesday, is putting Greece’s financial lifeline at risk, the German Finance Ministry said.
Fri, 30 Jan 2015 08:09:18 -0800

Greece sacks heads of privatization agency
Greece's new leftwing government has asked the heads of the state privatization agency to resign after halting state asset sales agreed under the international bailout program, the agency's chief executive Paschalis Bouchoris said on Friday. He said both he and Emmanuel Kondylis, chairman of the Hellenic Republic Asset Development Fund (HRADF), had been told to leave by Deputy Finance Minister ...
Fri, 30 Jan 2015 11:50:18 -0800


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