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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 »

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 »

Emergency summit on migrant boat deaths in the Mediterranean …

  • April 25th, 2015
  • Posted by EU Australia

Migration  EU boatpeopleAn emergency European summit this week, 23.4.15 at Brussels, agreed to step up sea patrols and move on other measures in response to the immigration crisis in the Mediterranean.

The European Union Heads of Government had been jolted into action by the latest, severe tragedy, the capsize of an overloaded boat last Sunday leading to some 800 deaths. … 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 »

Military Tension up in Eastern Europe…

  • February 5th, 2015
  • Posted by EU Australia

NATO symbolDefence Ministers of the NATO alliance have met to authorise formation of a bigger ready response force, to face off against Russia, as the conflict in Ukraine gets worse.

The NATO Secretary General, Jens Stoltenberg, said the force strength would be built up from
13000 to 30000, with a strengthening also of the front-line “spearhead” force, that was supposed to be at 5000. … Read More »

What Comes Next in 2015: What happens to Ukraine?

  • January 26th, 2015
  • Posted by EU Australia

MarionopolThe Ukrainian leader Petro Poroshenko has again called for help from the West after fresh outbreaks of fighting between government forces and Russian-backed separatists in Eastern parts of the country. … 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 »

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