The new left-wing Greek government has said that it will not cooperate with the ‘troika’ of international lenders, and does not plan to seek an extension for its aid package which is set to expire at the end of February.
Anti-Russian sanctions are imposed as a hard neo-conservative lobby in America puts pressure on some European countries to go along with these sanctions, and to persuade other countries to do the same, journalist Neil Clark, told RT.
Greece will inevitably get a debt haircut as it’s not able to cope with the €240 billion bailout loan given by the EU, said Hugh Bronson from the Alternative for Germany party. No national structure is able to cope with that amount of debt, he added.
The Central Bank of Russia bought a record amount of gold in the first 11 months of 2014 spending an estimated $6.1 billion. Increasing gold reserves attempts to reduce dependence on the dollar amid geopolitical tension, Mark O’Byrne of GoldCore, told RT.
Greece hasn’t outright asked Russia for a loan, but Russian Finance Minister Anton Siluanov said Moscow wouldn't rule it out. His statement comes days after Greece openly opposed further economic sanctions against Russia.
World statesmen have been educated in Britain’s finest institutions – Oxford, Cambridge and the University of London. Now the University of Essex may be the intellectual cradle of Europe’s politicos – Greek anti-austerity ones, at least.
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.