Tsipras paid a heavy price in Sunday's Greek election that gave partial victory to the right but without his courageous consolidation action Greece could not have done it
The conservatives of Nea Demokratia led by the banker Mitsotakis, who will be the new premier, clearly win the elections in Greece - Syzira's parenthesis ends after the anti-Troika referendum 4 years ago - Tsipras returns to the opposition
FROM ADVISE ONLY - Greece is on the brink, once again. Athens has not yet reached an agreement with creditors on the recovery plan and now finds itself with little money in hand and ever more pressing deadlines.
Despite Lagarde's broadsides against Tsipras and a Wikileaks report showing an IMF leaning towards a Greek default, Athens has managed to sell the Port of Piraeus to the Chinese, is signing energy deals with the Russians and can…
Street demonstrations throughout Greece due to the pension reform wanted by the Troika. The majority in Parliament is increasingly narrow and the Tsipras government is once again in danger of falling.
Tsipras' party wins with 35,5% of the preferences (against 28% for Nea Democratia) and will form a new government with Anel's old allies - Syriza leavers do not enter Parliament - Bad too...
ELECTIONS IN GREECE - Tsipras wins again and Syzira's rebels do not even enter Parliament but the premier will now have to look for allies to be able to govern and implement the reform plan agreed with Brussels to save Greece…
On the last day of the electoral campaign, it is increasingly neck-and-neck between the left-wing Syriza party and the centre-right Nea Dimokratia for victory in the Greek elections scheduled for Sunday: the latest polls show both Tsipras and Meimarakis…
On Sunday 20 September, Greek voters return to the polls: until a few days ago the outgoing prime minister, leader of Syriza, seemed to contain the comeback of the main centre-right party, which however has now taken the lead in the polls.
On Sunday 20 September, Greek voters return to the polls to elect the new government: the outgoing prime minister is still ahead in the polls, even if he feels the main centre-right party breathing down his neck - 10% undecided.
According to a survey published by the online newspaper Alco, it will be head-to-head between outgoing premier Tsipras and New Democracy, the main center-right party: only 0,4 percentage points ahead for Syriza.
Despite being in sharp decline, the Syriza party of outgoing Greek prime minister Alexis Tsipras is still in the lead in view of the early elections: Syriza would be at 23%, pressed by New Democracy with 19 - It's official: we vote…
New twist in Greece: after cashing in the new aid package for 86 billion euros, Prime Minister Tsipras resigned on TV challenging Syzira's internal left - "Now I want a strong mandate" - "I don't…
In the next few hours Tsipras will resign and between September and October the Greeks will return to the polls: this is the timing of the early political elections that Prime Minister Tsipras will propose after losing the parliamentary majority due to the split of his…
From Crete to Santorini, from Mykonos to Thessaloniki: 14 Greek airports, mainly on the islands, are in the sights of Fraport, the German company that manages Frankfurt airport, which proposes to buy them in the framework of the privatizations of the Tsipras government -…
The new aid from Europe to Athens is approaching with relief for Greece but also for the financial markets - High tech under fire: Apple cuts investments - China holds its own - Oil below 50 dollars a barrel -…
The Athens Parliament also approved the second package of reforms agreed with Europe to start negotiations for new financial aid - Surprisingly, former Finance Minister Varoufakis also voted for it - The package contains…
INTERVIEW WITH GIACOMO VACIAGO, economist and professor at the Catholic University of Milan - "Let's re-evaluate soldier Tsipras - The text of the agreement between Europe and Greece is very different from how it is told and for the first time it is being addressed…
During the night, the Greek Parliament approved the reform plan agreed with Europe by a large majority: green light for the VAT increase and the pension reform - There were 229 yeses, 64 nos and 6 abstentions -…
A few hours after the vote in Parliament, the Greek newspaper Kathimerini reports that more than half of Syriza's management would be against Greece's agreement with creditors. However, it remains to be seen how many MPs from the premier's party will vote against…
According to the Greek Premier, the measures envisaged in the agreement "strengthen the recession", but "the 35 billion euro of measures and debt restructuring will allow the markets and investors to understand that Grexit belongs to the past" - "We avoided…
White smoke in the dramatic negotiation during the night between Europe and Greece, which was unanimously accepted - Europe, through the ESM fund, will grant 86 billion in aid to Athens to avoid bankruptcy but has placed very demanding conditions on…
A whole night of negotiations was not enough to reach an agreement on Greece in the Eurosummit which is now suspended pending the final consultations - Two points on which Greece shows its disagreement: the involvement of the Fund…
After a night of indefinite negotiations, the Eurosummit talks about a compromise based on a four-way pre-agreement between Merkel, Hollande, Tusk and Tsipras - Italy has helped to soften the German hawks with its willingness to activate loans…
Greece has 3 days to approve the reforms in Parliament and only after restart the negotiations on the 70 billion euro aid: this is the conclusion of the Eurogroup - But the floor is up to the government leaders of the…
Admitted and not granted that an agreement is reached between Athens and Brussels, three major problems remain on the table: the state of health of the Greek banks, the unsustainability of the Greek debt and the uncertainty about the role of Europe - The Tsipras plan will be more…
FROM THE BLOG "THE RED AND THE BLACK" BY ALESSANDRO FUGNOLI, strategist of Kairos - If Greece and Europe reach an agreement, the markets will have to deal more with the bursting of the Chinese bubble, the result of a poorly managed stock market rise…
"Now I have a strong mandate to negotiate" said Greek premier Alexis Tsipras after the approval by a large majority of the Greek Parliament of his 13 billion plan over 2 years which he presented to Europe to obtain new aid -…
The 13 billion plan presented by the Greek prime minister is being examined by the Athens Parliament (the vote should be held tomorrow): "We have the mandate to make a better deal, not to get Greece out of the Eurozone. We remain united" - Against one…
According to the French President, the measures presented last night by Athens are "serious" and "credible" - The number one of the Eurogroup, on the other hand, described the reform package as "accurate" - Renzi: "Possible agreement as early as tomorrow".
Today the Greek Parliament will have to decide whether or not to approve the 12 billion Tsipras plan: part of Siryza is against the agreement, but the necessary votes could come from the opposition, which was in contact with Brussels yesterday.
The 12 billion plan presented by the Greek premier to Europe in view of the weekend summits and the rebound of the Chinese stock exchanges give new courage to the markets - However, today the vote of the Greek Parliament hangs over the Tsipras plan -…
The Greek prime minister inflames the European Parliament amidst applause and boos: "Austerity has failed, Greece has been the guinea pig. Until now, the money has gone to the banks and not to the population". And he opens up about baby-pensions: "We want to abolish them". Harsh criticism of the EPP. Juncker: "We offered…
In the event that the negotiations are not concluded within this limit, on Sunday a new EU summit, this time at 28, will declare the default of Athens - Today Tsipras speaks to the European Parliament: a new proposal awaited.
The Greek delegation presents itself to the Eurogroup empty-handed: the new request from Athens is postponed until tomorrow - Dijsselbloem: "We would like a written proposal very quickly" for a question of "credibility" - Tsipras will ask the European Council for a bridging loan of…
The new Eurogroup meeting underway in Brussels - There is also talk of a rereading of the conditional request for a 30 billion two-year loan from the ESM State-saving fund - Padoan: "We enter this meeting in a very constructive spirit…
Today the Eurogroup and the European summit but in Athens the climate remains emergency and the banks remain closed at least until tomorrow while tourism is losing ground - The ECB does not increase funding Ela and Merkel remains skeptical about…
The appointment is for tomorrow's EU summit - Meanwhile, expectations are growing for this afternoon's appointment at 18 pm between Merkel and French president François Hollande.
The Kremlin announces that the two leaders discussed the outcome of the referendum and "further developments in cooperation" between the two countries - Tsipras: "Negotiations with the EU will continue"
According to the chancellor, at the moment there are no conditions to start negotiations on a new aid programme, but everything will depend on the new proposals that Athens will put forward during the new meeting of the Eurogroup - Renzi: "Tomorrow we need to find…
The NO side wins by a large margin: 61,3% against 38,7% - High turnout - Tsipras: "Democracy cannot be blackmailed" - Varoufakis resigns to facilitate negotiations - France opens, while from Germany reactions are coming…
The Finance Minister, who had announced the step back in the event of a Yes victory in Sunday's referendum, decides to abandon despite the triumph of the NO - "Some partners prefer my absence from their top management. I will…
Austerity policies have worked in various countries and are not solely responsible for the Greek disaster - Tsipras was wrong by betting on the old "tax and spend" paradigm but the crisis in Athens also laid bare…
The majority of Greeks, who are unfamiliar with the Internet, do not know the text of the real European proposals, which are only published on the Goveeno Tsipras website which, up until three days ago, had published a text…
FROM THE BLOG "THE RED AND THE BLACK" BY ALESSANDRO FUGNOLI, strategist of Kairos - The three tragic mistakes made by the Greek premier Tsipras (too long negotiations with Brussels, break with creditors and empty public coffers) led him…
The Greek premier still called for a "no" vote in Sunday's referendum, arguing it would strengthen the Greek government's negotiating position. "The IMF confirms what we say: the debt is not sustainable". But Schaeuble attacks: "The situation is getting worse…
According to the Greek Premier, "this agreement could be the bad agreement they propose to us or a better one: the stronger the no, the better the agreement will be" - If the Yes votes prevailed, Tsipras assured that he would start "the procedures foreseen ...
Will next Sunday's Greek referendum actually take place? The doubt is legitimate after the news that the Council of State, activated by a former judge close to the center-right, is evaluating the…
In a letter sent to the Greek premier Alexis Tsipras, the president of the Eurogroup Jeroen Dijsselbloem explains his no to the extension of the aid program to Greece: "The agreement last February included the commitment to honor the obligations within the established timescales and the conditions…
The Greek minister gives an interview to Australian TV. Meanwhile, Moody's downgrades the Greek debt again and rejects the choice of the Athens government
The French president contradicts the German chancellor, who refused to resume negotiations before the Greek referendum.
According to the chancellor, "before the referendum, no discussion on new aid can take place. But the door to negotiation has always been open. And it remains open".
The Greek premier would have written to Brussels to accept the creditors' proposals, asking only for minimal corrections on VAT and pensions
The Eurogroup's response to Greece has been postponed until tomorrow morning due to the need of many finance ministers to deepen Tsipras' latest proposals - The first of the two requests from Greece (new two-year aid plan) however appears…
After the proposal arrived in extremis from Juncker, Athens would have requested the intervention of the ESM state-saving fund for two years to carry out a debt restructuring.
The president of the Commission has made a proposal to Greece to sign a last-minute agreement and the Greek premier is reportedly evaluating it. The hypothesis of a Eurogroup today
The Greek premier said he is ready to step aside if in Sunday's referendum the Yes wins at the European level because Syzira is not available to carry out austerity - If the No wins the premier…
Former ECB board member, Lorenzo Bini Smaghi, analyzes the effects of the Greek referendum on Greek politics and economy in "Corriere della Sera" and explains why, whether the Yes wins or the No wins, the premier …
Red alert in Greece and in Europe after the surprise move by Tsipras who decided to submit the proposals of the EU, the ECB and the IMF to the referendum of 5 July, bringing the risk of default closer, which will trigger if by Tuesday…
Today yet another meeting of the Eurogroup to find an agreement on Greece that avoids the default of Athens before the reopening of the markets on Monday - EU, IMF and ECB ready for a new loan of 12 billion to Greece up to…
Chancellor urges Athens to accept latest "extraordinarily generous" offer from creditors - Greek PM reiterates he will not accept "blackmail and ultimatum"
High tension day for the decisive round between Greece and Europe: Athens presented a new plan but Merkel and Hollande ask Tsipras for a preventive technical agreement with the former Troika before starting the European summit -…
Europe and Greece seek a last-minute compromise in Monday's extraordinary Eurogroup meeting - President Juncker: "An agreement is still possible" - Varoufakis: "Compromise possible if a signal comes from Merkel" - The risk of default remains very high even…
"The trust I have placed in him has not always been reciprocated", vented the president of the European Commission Jean-Claude Juncker, in an interview with the German weekly Der Spiegel.
The Greek Premier is certain that the emergency political summit convened by Tusk for Monday will be decisive, but the Eurogroup is not about to be bypassed and decides to meet in the hours preceding the summit of heads of state and…
"The request to find savings with cuts in pensions is incomprehensible: tomorrow we are ready for a big no to the Eurogroup", said the Greek prime minister after meeting with the Austrian chancellor Werner Faymann.
After the breakdown of the negotiations which took place yesterday evening, the Greek premier writes that Athens "patiently waits for the institutions to become more realistic" - European intolerance is growing but Juncker is still optimistic. In Greece the blockade of the circulation of…
The European Commissioner for Economic Affairs, Pierre Moscovici, informed the Greek representatives yesterday evening "that the latest proposals do not reflect the discussions" held with the EU summit. Junker's spokesman: "The ball is in the Athens court" .…
The EU Commission is losing patience with Greece and President Juncker has closed contacts with Prime Minister Tsipras, denying him a new meeting after the sensational rejection of Brussels' proposals before the Athens Parliament: "Not…
The Greek case becomes more complicated - Prime Minister Tsipras has branded the creditors' proposals as "inadmissible" - the IMF and the ECB consider the postponement of payments due from Athens to the end of the month a bad sign.
The markets punish Athens after the postponement of payments to the IMF to the end of the month - Deputy Minister Stratoulis: "If the creditors do not back down from this blackmail package, the government will have to find alternative solutions, such as elections".
Creditors curb Athens' optimism - The German minister: "Unfortunately, it must be noted that so far there are no proposals and an overall solution" from the Greek government - Lagarde: "We are working on a solution for Greece and I would not say…
In particular, France Presse reports it, citing sources of the Greek government, according to which the representatives of Greece have reached an agreement at a technical level with those of the European Union and the International Monetary Fund - Tsipras added that the…
A levy of 15% on undeclared foreign bank deposits of Greek citizens and double to legalize those in Greece is being studied by the Tsipras government as a measure to offer to the negotiations with the Brussels Group to arrive at…
Athens announces that default will be inevitable in June unless an agreement is reached as soon as possible - However, the agreement would only allow the danger to be postponed, not to avert it - What would happen in the event of Grexit? AND…
According to Varoufakis, the signing will arrive next week - Tsipras is also optimistic, but continues to ask for debt restructuring - Moscovici: "We're not there yet" - Withdrawals from bank deposits are increasing, while heavy deadlines are approaching for…
At the end of May the creditors will present in Athens a list of reforms to take or leave in order to unblock the last tranche of aid worth 7,2 billion euros in extremis - No agreement from today's Eurogroup: one will ask…
Next Tuesday Athens will be called upon to repay a much more substantial installment of 750 million euros - Varoufakis has already said that no agreement will be reached within Monday's Eurogroup - The Tsipras government also speaks of…
The Greek premier rules out bankruptcy and early elections and says he believes in the possibility of reaching an agreement within the Eurogroup on May 9, but specifies that Syriza will not violate the electoral programme: "If the solution goes beyond…
Euclid Tsakalotos, an Oxford-trained economist, has been entrusted with the leadership of the formation responsible for negotiations with creditors - It seems that the Greek Premier, in order to unblock the negotiations and avoid imminent bankruptcy, intends to downsize the role of Varoufakis,…
BLOG OF ALESSANDRO FUGNOLI, strategist Kairos - Merkel is cooking Tsipras over low heat: Greece remains a thorn in the side for Europe and can still weaken the euro but not infect the Old Continent making it ungovernable - Keep Athens in…
The German Chancellor met the Greek premier before the European summit but the stock exchanges remain restless - The European SME is disappointing - Piazza Affari loses 0,5% due to technological products, FCA, Finmeccanica but also to achievements…
AXA Investment Managers - Will the willingness to negotiate prevail? Is the bank run set to accelerate? Is the country's exit from the European Union likely? Here are some of the possible developments of the Greek crisis.
The one expected in two days, on the sidelines of the emergency European Council called to address the migrant crisis in the Mediterranean, will be the third face-to-face between the two heads of government since Alexis Tsipras took office…
In the list of commitments presented by the Tsipras government in Brussels, the maintenance of the property tax and the increase in VAT in certain areas of the country stand out - The agreement, however, seems to be still far away.
Berlin is accused of having an excessive trade surplus and of doing little to stimulate domestic demand and reduce the gap with peripheral countries but the wage increases for metalworkers, the minimum wage and the acceptance of Qe demonstrate…
After yesterday's bilateral meeting in Berlin, the chancellor said that "the only path is dialogue" - The Greek premier: "We will respect the treaties, but the condition is that there is social justice".
In a letter sent to Chancellor Angela Merkel, the Greek prime minister reiterated the need for new aid: "Without it, it will be impossible to repay the debt by the end of the month" - Tsipras-Merkel bilateral agreement in Berlin tonight.
These are unused European funds which "will not be transferred to the Greek state, but may be used to strengthen action in support of growth and social cohesion to tackle youth unemployment".
The night summit with European leaders ends with a partial agreement. Merkel remains inflexible: "New aid can only be paid when the commitments have been respected" - Monday's meeting between the chancellor and the Greek premier was decisive. It dates back to…
The Greek prime minister met the number one of the Commission - Tsipras: "I'm optimistic" - Juncker: "I'm not satisfied, but it's possible to reach an agreement. I rule out default" - Schaeuble: "Grexit? Yes, it's possible".
Without the go-ahead for the 7,6 billion euro loan, Athens risks not being able to pay public salaries and pensions - In anticipation of the meeting to be held tomorrow in Brussels, Tsipras telephoned Draghi and…
Spain confirms the hypothesis and specifies that the new intervention will be between 30 and 50 billion - The Eurogroup however denies that there are ongoing negotiations - Today Tsipras and Varoufakis announce measures against poverty.
The Bundestag has given the go-ahead by a large majority to the 4-month extension of the aid plan for Greece - Finance Minister Schaeuble in asking for the yes to the German parliament underlined at the same time…
The decision was taken by the Hellenic Federation, after a meeting with Prime Minister Alexis Tsipras who approved the decision until further notice: too much violence, first division stopped indefinitely.
The agreement for the 4-month extension to the aid program must be ratified by a series of national Parliaments - The German Bundestag to vote on Friday morning.
Spending review and news on tax authorities and pensions are coming - Humanitarian measures planned for food stamps, energy and health care for the poor, minimum wage pilot scheme - Review of privatizations and VAT - Assets at the door - EU:…
The presentation by Athens of the letter with the reforms that the Greek government intends to launch as an exception to the memorandum with the Troika has been postponed to today - Tsipras must balance negotiating needs with internal nervousness at…
1,5 billion should come from the fight against petrol trafficking and 800 million from the fight against cigarette smuggling - In addition, another 2,5 billion would be the result of a tax on large estates and another 2,5 billion…
Athens has not asked for an extension of the Memorandum with the Troika, but only for loans - The president of the EU Commission: "A positive signal that could pave the way towards a reasonable compromise" - Schaeuble: "Greece is aiming for bridging financing…
