The European Court of Auditors (ECA) insists it had the right to look into the role of the European Central Bank in Greek bailouts, based on the Lisbon Treaty and a European Parliament resolution, and is now seeking ways to access the documents the ECB has refused to hand over.
Former Greek finance minister Yanis Varoufakis supports Macron’s federalist proposals on the euro single currency but believes only a real threat could make Germany budge on the issue. EURACTIV France reports.
The Greek economy is still in crisis, contracting 1.2% in the quarter. The figures, published by the Greek statistics agency, Elstat, show it was the worst quarter since the summer of 2015, when the European Central Bank closed the Greek banks.
Greece's far-left former finance minister Yanis Varoufakis called yesterday (21 February) on the next leader of Spain to defy the European Union, speaking to hundreds of cheering onlookers during an anti-austerity gathering in Madrid.
Athens had secured a funding deal with China during the crucial negotiations with its creditors last summer. But a phone call from Berlin to Beijing killed it, Yanis Varoufakis disclosed on Tuesday (19 January). EURACTIV Greece reports.
Former Greek Finance Minister Yanis Varoufakis denounced the July bailout agreed between prime minister Alexis Tsipras and the eurozone leaders as a “new Versailles Treaty”. Quincy Cloet asks if this is a fair comparison.