The EU is not going to write off the external debt of Greece, as the country should abide by the previous commitments to its international lenders, said the President of the European Commission Jean-Claude Juncker.
Mark Carney’s claim that Britain has escaped a “debt trap” common to Eurozone states has been dismissed by UK economist Michael Burke as “delusional.” Burke says Britain's debt has merely been transferred from private firms to UK homeowners.
British charities say they have been targeted in a “subtle” yet “menacing” fashion by prominent political figures for publicly criticizing the coalition’s austerity policies. Others are silenced by gagging clauses in government contracts.
There will be tough talking ahead for the new Greek Finance Minister Yanis Varoufakis. He’ll have to enact the newly-elected government’s pledge to end the austerity measures and writing off a large part of the country’s debt.
The new Greek government is making its own policy promises and it can’t simply demand a check from European countries to pay for its debts, Beatrix von Storch, MEP from the Alternative for Germany party, told RT.
Following Syriza’s Greek election triumph, left-wing campaigners from Britain’s Trade Unionist and Socialist Coalition (TUSC) held a celebration and solidarity demonstration at the Greek embassy in London.
Syriza's Greek election victory has dealt a blow to Eurocrats’ austerity agenda. As the European left celebrated the party's triumph, UK Prime Minister David Cameron warned the result will prompt further “economic uncertainty” in Europe.
The mew Greek Syriza government has failed to explain where it will get the money from to end the austerity policy, as it is impossible to wave a magic wand overnight and fix the problems easily, economist Nick Skrekas told RT.
The bailout program, which the outgoing Greek government signed with the EU, is dead and will be renegotiated, Yiannis Milios, chief economy policy maker at the leftist anti-austerity party Syriza said after it won the country’s parliamentary election.
Syriza’s landslide victory in this weekend’s Greek elections has immediately been called a ‘political earthquake’. It’s more accurate to say that Greek voters have gatecrashed the Euro elites’ party and let off a grenade.
Greece’s radical leftist party, Syriza, is leading the country’s parliamentary election, claiming 36 percent of the vote, and leaving the ruling New Democracy party in second place with 28 percent, according to the preliminary results.