Greece defies Eurogroup with an overwhelming NO, providing Prime minister Alexis Tsipras a clear mandate to reject the terms of the bailout.
The EU has issued the European Financial Stability Facility statement “reserving its rights to act upon Greece’s default” to add more pressure one day before Greeks vote in a referendum to accept or reject a bailout deal.
Greece cannot service its huge debt and will seek a bridge loan rather than an extension of its bailout says Prime Minister Alexis Tsipras?. The following is the full list of the new Greek government policy.
The new Leftist Greek government is putting a freeze on the privatization of the country’s assets and will also put a stop to the sale of Piraeus Port to China, reversing the previous conservative government's liberalization and bailout program.
Greek Prime Minister Alexis Tsipras and Russian President Vladimir Putin agreed to boost bilateral ties between the two countries.
The starter pleasantries between President of Eurogroup, Jeroen Dijsselbloem and the Greek Finance Minister, Giannis Varoufakis, were soon to be replaced by differing views in what is seen as the first clash of the newly elected SYRIZA-led government with the European partners.
Some seven billion euros have been transferred out of Greek banks since late December, when the Parliament failed to elect a new President of the Hellenic Republic and snap general elections were announced, according to banking sources.