About: Yanis Varoufakis Archives
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Voters in eurozone countries remain open to a compromise with Greece
Greece's creditors claim that they are acting on a mandate from the EU's citizens by refusing to be flexible. But public opinion in the union is not so hostile argue Michael Bechtel, Kirk Bansak, Jens Hainmueller and Yotam Margalit.
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Hollande, Merkel press Greece to bring serious proposals to Eurogroup summit
France and Germany told Greece on Monday (6 July) to bring serious proposals to the eurozone summit today, in order to restart financial aid talks. In the meantime, the Netherlands warned that if the Greeks went to Brussels demanding changes because they felt supported by the "No" vote in the referendum, it would be ‘over’ for them.
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Commission says ‘No’ vote widens gap between Greece and EU
“We respect the democratic choice of the Greek people. The "No" result unfortunately widens the gap between Greece and other eurozone countries,” said Valdis Dombrovskis, on Monday (6 July).
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Greek ‘No’ inflicts heavy blow on EU
EU leaders will have a lot of soul searching to do today, following the victory by the "No" camp in the Greek referendum on Sunday (5 July), which rejected their proposed rescue package.
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EU, IMF add to the confusion ahead of Greek referendum
The EU and IMF issued warnings about the perilous state of Greece's finances yesterday (2 July), ahead of a referendum that will determine its future in the eurozone.
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Greece defaults on IMF loan, referendum hangs in doubt
Greece's last-minute overtures to international creditors for financial aid yesterday (30 June) were not enough to save it from becoming the first developed economy to default on a loan with the International Monetary Fund. The situation remains so uncertain that even the Sunday referendum, on whether to accept the aid, hangs in doubt.
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Greece to lose €16.3 billion at midnight
Assuming that there is no last-minute deal between Athens and its creditors, Greece will lose €16.3 billion of financing at midnight Washington time today (30 June), EU officials told the press in Brussels.
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Juncker makes last minute offer to Greece
Commission President Jean-Claude Juncker made a last-minute offer to Athens in a bid to reach a bailout agreement before the deadline expires today (30 June), European Union and Greek government sources said.
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Greek crisis divides European Socialists
Syriza’s call for a July referendum has revealed strong divisions within the Socialists & Democrats group. EURACTIV Greece reports.
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Greek parliament approves 5 July referendum
Greek lawmakers on Sunday (28 June) authorised Prime Minister Alexis Tsipras' proposed 5 July bailout referendum, setting Greece on course for a plebiscite that has enraged international creditors and increased Greece's chances of exiting the eurozone.
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Eurogroup calls on the Greek parliament to take ‘a wise position’
No matter how desperate Greece's situation appears after its government suspended negotiations, Eurogroup President Jeroen Dijsselbloem left the door open Saturday (27 June) to avoid a Greek default next week.
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Eurogroup continues talks on Greek ‘Plan B’ without Varoufakis
Eurozone ministers on Saturday (27 June) rejected extending the Greek bailout programme, which expires on Tuesday (30 June). They said Prime Minister Alexis Tsipras reacted "negatively" by calling a referendum on the creditors' proposal and by recommending a 'No' vote.
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Tsipras calls Merkel and Hollande’s offer ‘blackmail’
Creditors offered a five month extension to the current Greek bailout which expires on 30 June, after Athens brought its proposals closer to the demands of the “institutions”.
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LIVE: From migration to Grexit
Will Greece default? What about its status in the EU? EURACTIV is publishing up-to-the minute news stories and analyses of the endgame drama.
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Tusk calls emergency summit after Greek talks collapse
The EU called an emergency eurozone summit next week after Greek debt talks ended Thursday without a deal, sparking warnings of an "accident" that could push Athens out of the euro if there is no breakthrough by the end of the month.
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Talks with Greece collapse as default looms
Default by debt-wracked Greece loomed dangerously closer after last-ditch talks between Athens and its EU-IMF creditors collapsed on Sunday (14 May), bringing the threat of a Greek exit from the euro closer than ever.
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Tsipras meeting with Merkel and Hollande in doubt
A planned meeting between the leaders of Germany, France, and Greece today (10 June) is in doubt after Greece's reform proposals to unlock new funding to ward off a debt default fell well short, European Union officials said.
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Varoufakis: Greece’s creditors have turned negotiations into a war
Greek Finance Minister Yanis Varoufakis has criticised Greece's creditors for making "no concessions" and turning the negotiations "into a war". In an interview with Germany's Tagesspiegel he explains why a plan for debt restructuring is a Greek prerequisite for an agreement.
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Austerity is the only deal breaker
The view that Greece has not achieved sufficient fiscal consolidation is not just false; it is patently absurd. Clearly, creditors’ demand for more austerity has nothing to do with concerns about genuine reform or moving Greece onto a sustainable fiscal path, writes Yanis Varoufakis.
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Greece ‘has no money’ to meet IMF debt repayment
Greece warned Sunday it has no money to repay the International Monetary Fund on time in June unless a deal is reached with its creditors, in a stark warning that the country could be just days away from defaulting.
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Greece offers concession with sale of Piraeus port
Greece on Thursday (14 May) offered a concession to its international lenders by pushing ahead with the sale of its biggest port, Piraeus.
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Europe’s well of sympathy for Greece runs dry
When radical leftist Alexis Tsipras stormed to victory in Greece's general election in late January, he briefly became an icon of the European left.
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‘Happy surprise’ as Greece receives invitation to join BRICS bank
Greece has been invited to become a member of the development bank of the BRICS economies, including Russia and China, which is seeking to become a counterweight to the IMF, a move welcomed by Prime Minister Alexis Tsipras as "a happy surprise".
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Varoufakis confident on bailout deal, but Sapin wary
SPECIAL REPORT / Greek Minister of Finance Yanis Varoufakis is confident on reaching an agreement soon, as talks are progressing with international creditors.