Twenty five SYRIZA lawmakers mainly from Left Platform of former Energy Minister Panagiotis Lafazanis split from the party Tsipras’ party on Friday morning and formed their own independent group with the name “Popular Unity”. The anti-Memorandum party will run for the elections called on Thursday after Prime Minister Alexis Tsipras …

I am speechless. Not since yesterday or last week. I have been speechless since July 13th when the Greek left-wing coalition government agreed to burden the country and the people with a new loan, the third bailout for Greece since 2010 together with the strictest austerity program ever. I have …

I have been wondering whether the new Troika which is a Quartet should be called “The Creditors’ Quartet” or “The Troika Four” or just “Greece’s creditors”. The new combo of representatives from European Commission, International Monetary Fund, European Central Bank and European Stability Mechanism definitely news a new short description, …

With overwhelming majority the Greek Parliament approved the second bill of “prior actions” demanded by the country’s creditors. The Bill was approved with 230 votes. Against the bill voted 63 lawmakers among them also 31 from Tsipras’ SYRIZA. Another 5 SYRIZA lawmakers voted “present”. Voting result: YES 230 SYRIZA, Independent …

It is not that they could not. They did not want to find a solution and a “mutually beneficial agreement” as Prime Minister Alexis Tsipras had hoped. What they wanted is to create a financial monster out of Greece, “to put a Eurozone member country into a social, economic and …

Greek Parliament voted first set of “priors actions”. Heavy blow for SYRIZA. Voting  Results: YES 229 NO 64 Present 6 Absent 2 SYRIZA total 149 MPs: YES 110 NO 32 Present 6 Absent 1 Among Yes-voters: Lapavitsas NO voters:mainly Left Platform and others Parliament Speaker Konstantopoulou, Varoufakis (ex FinMin), Valavani …

Greece’s lawmakers started to debate the first set of 3. bailout “prior actions” to be voted in the Parliament later today. The voting is the toughest political challenge for Syriza and Prime Minister Alexis Tsipras who most likely see his parliamentary majority decreasing. One after the other, SYRIZA Ministers and …

Prime Minister Alexis Tsipras was interviewed by state ERT TV on Tuesday evening. It was his first interview after the Brussels agreement on Monday morning with the Euro leaders. Below I copy paste my tweets with Tsipras’ answers to journalists’ questions. Tsipras’ answers: Schaeuble told Varoufakis in March, tell your …

With a wide majority of 251 votes the Parliament authorized the Greek government to reach an agreement with creditors on another “rescue” package with will bring more painful austerity in the next 3 years.  The roll call voting ended at 3:30 am Saturday with heavy losses for governing left-wing SYRIZA …

A Greek private equity and advisory firm started the proceedings to take the European Central Bank to the European Court of Justice requesting the annulment of June 28th and July 6th that froze the Emergency Liquidity Assistance to Greek banks thus creating an asphyxiating atmosphere to the Greek economy and …

After IMF, Greece and USA, Germany conceded on Thursday that Greece would need some debt restructuring as part of any new loan program to make its economy viable. It wans’t German Chancellor Angela Merkel, bu the himself personally German Finance Minister Wolfgang Schaeuble who admitted so. Schaeuble, who has made …

Alternate Foreign Minister and chief negotiator with creditors Euclides Tsakalotos replaces Yanis Varoufakis as Greece’s new Finance Minister. He is to take political oath at 8 pm local time on Monday and fly to Brussels Tuesday morning to submit Greece’s new negotiations proposals to the Eurogroup. The 55-year-old Economics Professor …

“The revised proposal of European Commission President Jean-Claude Juncker from June 27/28 plus five changes added by the Greek government will be the basis for the new negotiations between Greece and creditors,” after the Sunday’s Referendum. This was reportedly decided at the Political Leaders Council under President Pavlopoulos on Monday. …

Ballot boxes closed at 7 o’ clock in the afternoon. Immediately, several private television channels started to public results of public opinion surveys conducted among Greeks before and after they voted. However these results were not exit polls. Orange: NO Green YES Live Blog starts here 07:30 pm – First …

What did the International Monetary Fund do first thing in the morning, Washington time, on Thursday? The IMF published a debt sustainability analysis on Greece. Among others, the IMF says that Greece’s Debt is not viable and Greece needs a Debt Relief, €50billion in new finance from October 2015 until …

Greek government is confident that banks will open again as soon as an agreement is reached with the creditors. After Sunday’s referendum, of course, as for the time being EU, ECB and IMf have said in one loud voice that they will not speak/talk/negotiate with Greece before the Referendum. “Greek …

There is a hurricane of rumors and leakages to local and international press about the “negotiations” between Greece and its creditors, about what’s next on economic level, after the country missed its payment to the IMF and the bailout program expired at midnight. One journalist claims this, another something different, …

o7:50 pm June 28 2015: +++ According to Greek media reports, the Greek Systemic Stability Council decided to impose capital controls and close the banks as of Monday, 29th June 2015. Specific rules and arrangements not published yet. The Greek SSC is currently preparing a statement on the issue. The …

After a long call conference the European Central Bank decided to continue providing further Emergency Liquidity Assistance to Greek banks. In a statement issued by the ECB at 3:30 pm (GR time) on Sunday, the ECB stresses that it “takes note of decision on Greek referendum and non-prolongation of the …

Croupier and European Council President Donald Tusk told Greek Prime Minister Alexis Tsipras during the EUCO Summit on Thursday”Gave over.”Prompt and tough was the answer by the PM. “Greece has 1.5 million jobless, 3 million poor and thousands of families that living on grandparents’ pension. This is not a game”. …