Tag Archives: greek debt crisis

Britons in Greece were warned yesterday they may have to be evacuated. It comes as eurozone ministers prepare to sign off another £108billion rescue package for the crippled economy. Foreign Secretary William Hague revealed Britons were being urged to register … Continue reading →

A member of Angela Merkel’s junior coalition party is becoming a liability for the chancellor. As she tries to push through Greek bailout measures, Free Democrat Frank Schäffler is working to foment resistance. All he needs is 20 votes in … Continue reading →

The latest tranche of loans from the EU and the IMF has helped buy debt-ridden Greece some time. But the Greeks will find it hard to get back on their feet. Their country has been ruined by three political dynasties, which … Continue reading →

Efforts to resolve the Greek debt crisis were dealt a blow on Monday morning when rating agency Standard & Poor’s ruled that Europe’s favoured rescue plan is in effect a default. S&P warned that it would cut Greece’s credit rating … Continue reading →

What began earlier this month with the modest sale of a 10 per cent stake in Greece’s state telecoms company is set to accelerate over the next four years into an unprecedented auction of public assets. In return for the … Continue reading →

Greek Prime Minister Giorgios Papandreou survived a confidence vote on Tuesday night. But the battle against national bankruptcy will get no easier in the coming weeks. Protests indicate that opposition to his austerity path is growing and he faces a crucial vote next … Continue reading →