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Crisis

Greek referendum: A liberal dose of democracy
Giving the people a vote breaks so many rules - or so it seems smug Western democrats are eager to suggest.

30.06.2015 10:49

​Varoufakis threatens EU with court as Greek default looms
Greece may take EU institutions to court to stop its creditors from pushing the country out of the eurozone. Athens' bailout expires Tuesday and a default could mean it is exiled by Brussels.

30.06.2015 07:38

​S&P downgrades Greek credit rating, puts chance of Grexit at 50%
Standard & Poor’s has downgraded Greece’s credit rating from CCC to CCC-, increasing the probability of an exit from the Eurozone to 50 percent.

29.06.2015 21:08

'Grexit would trigger liquidity crisis worse than 2008'
Should Greece leave the Eurozone and fail to pay its debts, it could trigger the downfall of Deutsche Bank and a crisis worse than that of 2008 – and it is more likely to happen than not, Max Keiser has told RT.

29.06.2015 18:32

​Eleventh hour deal on Greek debt still feasible – Juncker
The possibility of reaching an agreement with Greece still remains, the European Commission President Jean-Claude Juncker has said. “There is very little time left, we are talking about minutes and seconds,” he added.

29.06.2015 11:38

‘Support debt cancellation for Greece,’ MPs, economists & campaigners tell Cameron
MPs, trade unionists, economists and campaigners have called upon David Cameron to support debt cancellation for Greece, saying it could be funded by seizing capital from speculators and banks that were the true beneficiaries of Athens’ bailouts.

29.06.2015 09:25

‘Greece should go bankrupt, get it over & start it over’
Though there is a lot of noise concerning the Greek crisis and the Greek economy is likely going to collapse this week, three months from now no one will remember Greece going bankrupt, financial commentator Jim Rogers told RT.

29.06.2015 11:02

Default countdown? European banks lose €50bn as Greek debt deadline nears
The market value of European banks has shrunk by more than €50 billion after Greece shut down its banks until July, 6, the day after the referendum on the bailout deal is held.

29.06.2015 08:02

Greece closes banks, imposes capital controls
The Greek government has announced that banks will remain closed on Monday and restrictions on withdrawals will be introduced following the ECB refusal to provide additional Emergency Liquidity Assistance to Greece’s banking system.

29.06.2015 00:44

‘We don’t need EU permission’: Greek parliament ratifies bailout referendum
As an equal member of the EU, Greece does not need to ask permissions from anyone to let the Greek people speak and have their voices heard, PM Tsipras told his parliament, promising that the state’s sovereignty and future will be decided via referendum.

27.06.2015 23:03

Migrant crisis proves failed dream of the EU
There is a schizophrenic situation in the EU which once created the conditions for more immigration from Africa, but now every EU country wants to stop immigrant inflow, says Pierre Guerlain, a Professor of political science at Paris West University.

25.06.2015 14:42

Ukraine could default in July - finance minister
Ukrainian Finance Minister Natalie Jaresko doesn’t rule out the country failing to make a $120 million coupon payment on July 24 and default. A Goldman Sachs analyst made the forecast on Wednesday.

25.06.2015 08:41