Greek banks open today
MADRID | July 20, 2015 | By JP Marín Arrese | Emergency loans to ensure Greece pays back its sovereign commitments in the coming weeks might fail to save it from the dire financial collapse it faces.
In Europe
Spain: Now is the time to win the election
BARCELONA | July 17, 2015 | By Joan Tapia | The lowering of the income tax while taking money from the country’s pension funds can only be justified as a way to inject optimism before the election.
Chancellor Merkel’s vindication
MADRID | July 16, 2015 | By Fernando G. Urbaneja | To doubt German solidarity is to deny the evidence. To do it from Spain shows ignorance or bad faith. Merkel has proven she wants and can support the welfare state, firmly established in Germany for decades.
Is the Greek Bailout Too Severe?
John Bruton | If Greeks themselves do not trust their own government and banks with their money, it is difficult to expect the taxpayers of other countries to do so. Yet that is what critics of the third Greek bailout seem to expect.
Only 25% of Syriza’s members, including Varoufakis, against the bailout agreement
LONDON | July 16, 2015 | Barclays | The Greek parliament passed a package of measures as part of its bailout agreement, with the focus now shifting to whether the ECB raises the ELA ceiling. The Governing Council meeting is also scheduled for today, and we expect the press conference to be focused on Greece.
Greek banks in intensive care: What lies ahead?
ATHENS | July 15, 2015 | By Manos Giakoumis via MacroPolis | Among the measures the Greek government has committed to legislate by July 22, according to the Euro Summit statement is the transposition of the Bank Recovery and Resolution Directive (BRRD).
Eurozone principles dashed by Greek deal
MADRID | July 14, 2015 | By JP Marín Arrese | The Greek deal has dashed any hopes the eurozone might evolve into a more inclusive area.
Greek deal reached at last
The Corner | July 13, 2015 | After all-night talks in Brussels to reach a third bailout loan for Greece, a unanimous agreement was reached, European Council President Donald Tusk said. “It’s a good step to rebuild confidence,” IMF head Christine Lagarde said as she emerged from the meeting.
UBP on Greek crisis: “There may be positive and negative surprises”
July 10, 2015 | By Patrice Gautry (UBP) | With the Greeks returning a “No” vote in Sunday’s referendum, the country has moved one step closer towards leaving the eurozone, or “Grexit”. However, Grexit is not automatic and many scenarios may develop, depending on the ECB’s attitude and political developments during the upcoming negotiations
Greece and the eurocrisis: Of democracy and of a different Europe
PARIS | July 9, 2015 | By Francesco Saraceno | I have mixed feelings about the Oxi victory in Greece. The choice was between two evils: slow death by more of the same (the Troika plan), or a roller-coaster ride that has a high chance of ending catastrophically for Greece and for the EMU. I would have voted no, were I Greek, but not joyfully.