About: New Democracy Archives

  • EU discuss Greek exit plans

     Video | Promoted content | Economy & Jobs 12-06-2012

    Limiting cash withdrawals, imposing capital controls or introducing border checks. These are the 3 main measures that the EU could implement if Greece decides to leave the euro. According to the news agency Reuters, EU finance officials have been discussing a so-called "contingency plan" ahead of the Greek elections next Sunday.
    As political uncertainty grows in Athens, The European Commission on Tuesday insisted that there is no Plan B for Greece and they are working towards keeping Greece in the euro zone.

  • Spain joins ‘the Group of Debt’

     Video | Promoted content | Economy & Jobs 11-06-2012

    It is not a bailout, but a nearly condition-free loan. This is the message sent by the Spanish government after euro zone finance ministers agreed on Saturday to lend Madrid up to 100 billion euros for recapitalising its banks.
    Following weeks of denying the need for financial assistance, Spanish PM Mariano Rajoy gave in to international pressure. He requested a rescue package that he portrayed as a triumph, but which caused outrage among Spanish citizens.

  • Greek left to hold coalition talks, calls to end austerity plans

    News | Elections 09-05-2012

    'Radical' leftist Greek leader Alexis Tsipras is meeting the leaders of Greece's mainstream parties today to try to form a coalition government, an effort seen as doomed after he demanded they first agree to tear up the country's austerity programme underpinning the bailout deal with the EU and the IMF.

  • Greece: uncertainty grows as biggest party can’t create coalition

     Video | Promoted content | Elections 08-05-2012

    As if it were the plot of a Greek tragedy, the Greek people went to the polls on Sunday to punish those leaders who run the country in "austerity" mode.

    Both socialist PASOK and centre-right New democracy failed to get enough votes, although New Democracy emerged as the biggest party.

    But the center-right leader Antonis Samaras couldn't put together a coalition on Monday.

  • The Ancien Régime unravels in Greece

    Opinion | Elections 07-05-2012

    The achievement of only a third of the vote by Greece's traditional conservative and socialist ruling parties marks the end of the old political order, an electoral revolution which could spread to other European countries if the crisis continues, argues Yiannis Roubatis.