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Tag Archives: Grexit

PM Tsipras speaks of “most extreme conservative EU forces” with “detailed plan for Grexit” (full text)

Slightly touched and with the signs of a negotiations marathon, Prime Minister Alexis Tsipras described the agreement as “the best possible outcome” after 6 months of hard negotiations. Speaking to reporters covering the Euro Summit in Brussels, Tsipras “photographed” German Finance Minister Wolfgang Schaeuble describing him as the most extreme …

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Varoufakis threatens top EU court action to block Grexit

Finance Minister Yanis Varoufakis threatened that Greece can take the EU and the Eurozone (?) to European Court of Justice in order to block a Greek exit from the euro area. “They cannot drive us away from the eurozone,” Varoufakis told UK’s Telegraph.   The Finance Minister said that the …

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S&P downgrades Greece to CCC-, warns of Default and Grexit

Credit ratings agency Standard & Poor’s downgraded Greece from CCC to CCC- and “negative outlook.” Further it warned of Default in 6 Months and put Grexit rates at 50%. S&P downgrade comes the day Athens imposed capital controls and a week-long bank holiday. “We interpret Greece’s decision to hold a …

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Creditors give Greece a “deadline” to break the impasse

As early as 6 o’clock in the morning the’ technical teams’ sat down and picked up the negotiations thread, the institutions and Greece left down in the early morning hours of Thursday. The midnight meeting between Greek Prime Minister Alexis Tsipras and the creditors ended at 12:30 without positive result. …

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Citi’s Buiter: “Greece’s new currency would be rubbish”

There would be “havoc” if Greece left the euro zone and adopted an alternative currency, Willem Buiter, global chief economist at Citi, told US-network CNBC. “I really think the notion that Greece exits with or without a shadow currency or a proper currency (is ridiculous). Greece has not, historically, been …

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