(Reuters) - Euro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area.
The deal, to be ratified once Greece's creditors are satisfied with a list of reforms it will submit next week, ends weeks of uncertainty since the election of a leftist-led government in Athens which pledged to reverse austerity.
"Tonight was a first step in this process of rebuilding trust," Jeroen Dijsselbloem, chairman of the 19-nation Eurogroup,…Read
The new Greek government wants its debt burden eased. It wants to be freed from its bailout programme. It wants to ditch many of the unpopular and painful policies that were forced on Athens in return for its economic bailout.
The era of bold, progressive ideas restricted to the confines of the academy of bearded men talking about obscure texts produced in Italy in the 1970s is over. The idea of the public intellectual and the intellectual as politician is back. It’s a refreshing change. by Yiannis Baboulias,
At talks kicking off with an emergency meeting of eurozone finance ministers on Wednesday 11 Feb, Greece will plead its case for stop-gap financing, with a view to clinching an austerity-free reform deal to run from September 1.
Tomorrow, not just in Greece, but all across Europe (e.g. Portugal, UK) there will be protests in favor of the Greek government and a Europe for and of the People, not a Europe for banks and eurocrats. Greek, Portuguese or Irish people never got a dime from…Read