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  1. Greece deal hangs in balance as IMF sees major differences
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    PoliticsGreek Politics

    , which is around 1.8 billion euros. The Greek government has indicated it is not willing to implement... including mission chief Rishi Goyal has returned to Washington, implying that the technical work in Brussels has stopped for the time being. Asked to comment whether the IMF could accept a political

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  2. PASOK elects new leader, hopes to stop slide and regroup

    PoliticsGreek Politics

    Ex-minister Fofi Gennimata has been elected the new leader of PASOK as the socialist party... popularity has plummeted is that less than 50,000 people voted for the three candidates on Sunday... fortunes. Apart from seeing its support shrink over the past few years, PASOK has also seen

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  3. As Greek deadline looms, this is how the next days could play out

    EconomyProgramme

    . On that date Greece has to pay 1.55 billion euros to the International Monetary Fund due to the bundling of four tranches that were due within June. IMF managing director Christine Lagarde has ruled out any... that in such a case the European Stability Mechanism (ESM) has the option to reclaim the 131

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  4. Tsipras opts for referendum, leaving many issues open
    Photo by MacroPolis

    PoliticsGreek Politics

    Prime Minister Alexis Tsipras has made a surprise move by calling a referendum on the institutions.... The government has 162 seats and coalition partner Independent Greeks has said it will support... whether that will still be on the table following Saturday's Eurogroup. Also, Greece has 1.6 billion

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  5. Yes or no, complex political developments lie ahead for Greece
    Photo by MacroPolis

    PoliticsGreek Politics

    Minister Yanis Varoufakis claimed that the government has a proposal it would be ready to sign... economy, and July 20 (when Greece has to redeem a 3.5-billion-euro bond held by the European Central... is not conclusive. There has been a suggestion that the moderates in SYRIZA might prove accommodating

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  6. Tsipras tries to switch focus from measures to need for survival in euro

    PoliticsGreek Politics

    Prime Minister Alexis Tsipras has made it clear that he believes the agreement reached with lenders... in” but that the country has no option but to accept it. In an interview with public broadcaster ERT... in the single currency would counterbalance the recessionary impact of the austerity measures Greece has

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  7. S&P raises Greece’s rating by two notches in first upgrade since Sept 2014

    Economy

    ’s liquidity perspective has improved and therefore thinks that Greece’s default is no longer... has reduced this risk. However, if Greece does not successfully implement the new ESM programme.... That said, the extended bank holiday has materially depressed retail trade and manufacturing and has

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  8. Varoufakis adds to pressure on Tsipras ahead of lenders' return
    Photo by Damian Mac Con Uladh

    PoliticsGreek Politics

    has attempted to distance himself from Varoufakis since reaching an agreement with fellow euro area... theoretically has to be in place so Greece can received the necessary funding to meet the maturity... of such legislation not passing as the opposition parties will continue to support Tsipras and, if Parliament has

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  9. On the Greek crisis and German imbalances

    Agora

    has been recognized for a while by leading American economists like Maurice Obstfeld (the IMF's new... by the economics profession that the Greek fiscal adjustment has been extreme and has not been... Krugman, has never taken a look at the Greek input-output tables (or the Cypriot ones two years ago

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  10. SYRIZA's left wing hoping to prevent Tsipras from concluding bailout talks
    Photo by MacroPolis

    PoliticsGreek Politics

    the squabble with SYRIZA radicals until after there has been an agreement with lenders on the third bailout... reasons: 1) He suggested the congress should be held after an agreement has been reached... no new delegates being elected but also that the congress could take place before the government has

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