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Greek vote delivers numbers for austerity: 229 – 64, €86-billion, 200% impost on GDP …

  • July 16th, 2015
  • Posted by EU Australia

Athens hilltop LauraDespite differences and divisions within the ruling Syriza coalition in Athens, and among the creditors, a new financial ‘bail-out’ agreement has passed the Greek parliament, 229 votes to 64.

Deputies from the extremist right-wing Golden Dawn railed against the package, and communists from one wing of the coalition walked out, in sympathy with demonstrators in the square outside.

The rest of the government, together with the main parliamentary opposition parties Pasok and Nea Demokratia, signalled that a highly reluctant and unhappy consensus might be achieved for very tough economic battles ahead. … Read More »

Monitor on Greek Crisis: Monday day of reckoning …

  • June 30th, 2015
  • Posted by EU Australia

Greek flag 7-12eu-money-symbol-coins Greece has not met the deadline for payment of the next installment on debt due to the IMF, on Tuesday night.

There were eleventh-hour exchanges between the Greek government and EU Ministers, ongoing; Greece making a new proposal on debt rescheduling and terms, the other side talking now about waiting for the outcome of the referendum set for this Sunday.

Back story, posted on the weekend:-

On Friday, 26.6.15, the creditors negotiating with the Greek government over its debt repayments put down an offer of a bigger bail-out than earlier sought, but with an adamant demand for rigid austerity measures to be  extended in Greece.

The Prime Minister, Alexis Tsipras, returned to Athens for a late-night television address, calling a referendum for this Sunday, 5.7.15 ;one that would test support for his position against the final offer . … Read More »

Another deal for Greece

  • June 24th, 2015
  • Posted by EU Australia

Greece protest 2015Compromise talks at Brussels have seen the outlines of a deal that should, yet still might not avert the debt payment crisis looming for 30 June – achieving little else than to clarify possible terms of any permanent settlement.

How will it play with the angry, and desperate crowds in Athens, and the citizen-voters or investors in the other European states? Early signs were not so good.

Lee Duffield writes.

… Read More »

Greece: What will happen?

  • June 16th, 2015
  • Posted by EU Australia

athens and parthenon Greece ambassador 2015The new count-down for Greece to make a major debt repayment — €7.2-billion (A$8.5-billion, xe.com, 11.6.15) by the end of the month – looks more serious and final than any before; yet, so did a series of earlier approaches to a deadline … see also, Ambassador comments. … Read More »

Greece: Heading for default on loans?

  • April 25th, 2015
  • Posted by EU Australia

athens and parthenonGreece’s left-wing government elected in January continues to find it heavy-going, trying to get debt relief from the country’s demanding financial partners in the Euro Group.

The Finance Minister, Yanis Varoufakis (picture below), who has joint Greek-Australian citizenship after a decade at Sydney University, was this week arguing once more, at a European Union Finance Ministers meeting in Riga (24.2.15). … Read More »

What Comes Next in 2015: Greeks elect anti-austerity SYRIZA

  • January 26th, 2015
  • Posted by EU Australia

athens and parthenon

The left-wing SYRIZA group entered the week positioned to take government in Greece, with a wave of support for its rejection of the national austerity plan mandated by the European Union.

 

… Read More »

Security: Watching over the G20

  • May 28th, 2014
  • Posted by EU Australia

Brisbane wikipediaSorting through problems of a troubled world in eyeball-to-eyeball contact among heads of government – at the G20 —  always holds out the hope of getting some solutions though real communication.

It also means risk and high organisation; why squads of armed police this month have been deployed for exercises  — with air support, in water, and rehearsing street movements —  close to the bottom of the world, for the G20 summit in November.

Lee Duffield writes:

 

… Read More »

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