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Greek debt crisis

  • Greece election 2015: Who is Alexis Tsipras and how did he become so popular?

    January 26, 2015

    At age 40, he's managed to deal such a blow to economic confidence in the Eurozone that the currency fell to its lowest value against the dollar in 11 years last night.   Alexis Tsipras was sworn in as the new Prime Minister of Greece yesterday evening, and will now begin his long-term mission to [...]

  • Greece elections 2015: How David Cameron, Ed Miliband, Paul Krugman and other world leaders and economists reacted to Syriza victory

    January 26, 2015

    The impact and significance of Syriza's victory in the Greek election is already making its mark on Europe and the rest of the world.  Syriza, a leftist anti-austerity party, wants to renegotiate Greece's debt to its three creditors (the European Commission, the European Central Bank and the International Monetary Fund), which currently stands at around [...]

  • Greece elections 2015: Syriza forms new anti-austerity coalition government with the Independent Greeks

    January 26, 2015

    The formation of a new anti-austerity government has put Greece on course for a showdown with its international lenders. Syriza, the radical leftist party, which fell painstakingly short of an overall majority in Greece's general election yesterday, has formed a coalition government with another anti-austerity party Anel, also known as the Independent Greeks. "I want to [...]

  • Alexis Tsipras’s Syriza wins 2015 Greece election: Euro leaders wary of new Greek party

    January 26, 2015

    European leaders last night reacted warily to the election of Greek anti-austerity party Syriza, ahead of Alexis Tsipras’s expected effort to exit bailout agreements.   Jens Weidmann, president of the Bundesbank, the German central bank, warned that Greece would remain dependent on outside financial support and that the new Greek government “should not make promises [...]

  • Greece elections 2015: Syriza leader Alexis Tsipras set for debt stand-off with EU officials

    January 26, 2015

    The new Greek leader Alexis Tsipras is set for a tough set of talks with European officials over Greece’s debt and future bailout arrangements. Tsipras has made no secret of his desire to renegotiate Greece’s debt, which stands at around 170 per cent of GDP. The government is still borrowing to cover the interest on [...]

  • Greek election: Golden Dawn could be Greece’s third biggest party

    January 25, 2015

    Greece's political order is set to undergo a radical change after today's elections. Exit polls suggested the far left party Syriza will receive the largest share of the vote between 35.5 and 39.5 per cent. The Greek interior ministry predicts Syriza will achieve 36.5 per cent of the vote and win 150 seats – one [...]

  • Greece election 2015: A whole new Eurozone crisis awaits if Syriza wins

    January 25, 2015

    Today is Greece's general election.    Until 7pm, polling stations will accept votes on whether the current New Democracy party remains in power or is replaced by another party.    According to the polls, it looks likely that the radical left-wing Syriza party will be the ultimate winner. In terms of economic policies and the [...]

  • Greece Election 2015: Anti-austerity Syriza party raises Sunday stakes

    January 20, 2015

    Greek anti-austerity party Syriza is on a collision course with European officials after ramping up its election campaign yesterday. The party is keen on renegotiating some of Greece’s debt. “To promote reforms one must settle the debt issue,” said Yiannis Dragasakis, the party’s senior economist, yesterday. Should Syriza win this Sunday – and polls currently place [...]

  • Greece Election 2015: Will a Syriza win lead to a Greek exit?

    January 19, 2015

    Expect a game of chicken between the far-left regime and its lenders. In five days the Greeks go to the polls, and the far-left Syriza party is forecast to win power – if not with an outright majority, then with a little help from like-minded candidates. The party, led by Alexis Tsipras, (above) has wooed [...]

  • Risk of Greek exit from the Eurozone rises amid possible Syriza election victory, according to Moody’s

    January 14, 2015

    "Grexit" has been resurrected as the buzzword du jour lately, amid political instability and the rise of the far left party Syriza. Now ratings agency Moody's has warned that the heightened risk of a Greek exit from the Eurozone "could have negative credit implications for other members of the European single currency". However, the risk [...]

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