Scylla and Charybdis were sea monsters who assumed the forms of a rocky shoal and a whirlpool respectively on either side of the Strait of Messina between Sicily and the Italian mainland. Sailors such as Odysseus, in Homer's "Odyssey," had to pick which one to confront in the narrow channel — in essence, a choice between two unpalatable options. In English, "between a rock and a hard place" is a rough equivalent.
Against his own party's ideals, Prime Mimister: Tsipras has now committed himself to more "draconian" budget cuts, with Greece forced to carry…Read
PM, Alexis Tsipras has said he does not believe in the €86bn eurozone bailout deal, but has urged MPs to agree to the measures. The vote is expected to pass with opposition help, despite a revolt from some hardliners in the ruling left-wing Syriza party.
In a television address on Tuesday Alexis Tsipras called the proposals "irrational" but said he was willing to implement them to "avoid disaster for the country" and the collapse of the banks. However Monday's announcement of a possible deal was met with anger among many in Greece, who…Read
What a strange sequence of events from Greece. One would believe that Prime Minister Tsipras would be acclaimed a hero after securing a loan to keep the Greek banking system afloat but it would appear that this is not the case. Watch this short BBC video clip from Mark Lobel
A 'yes' vote means staying with the European Union.
With a combined population of over 500 million inhabitants, or 7.3% of the world population, the EU in 2014 generated a nominal gross domestic product (GDP) of 18.495 trillion US dollars, constituting approximately 24% of global nominal GDP and 17% when measured in terms of purchasing power parity. As of 2014 the EU has the largest economy in the world, generating a GDP bigger than any other economic union or country. Additionally, 26 out of 28 EU countries have a very high Human Development Index, according to the UNDP. In 2012, the EU was awarded the Nobel…Read
On Sunday the Greek people will vote in a national referendum, and they will either vote "yes" or "no" about conditions demanded by the International Monetary Fund, European Central Bank and European Commission before their country can receive much-needed aid.
Greek voters appear to be moving towards accepting a new wave of austerity measures and snubbing their left-wing leaders in Sunday’s crunch referendum with a poll showing the Yes campaign ahead for the first time.
Before his speech he put new proposals to eurozone partners, accepting most of what was on the table before talks collapsed, but with conditions.
But eurozone finance ministers later said there were "no grounds for further talks at this point". Greece is going ahead with a controversial 5 July referendum on its bailout conditions, despite much criticism of Prime Minister Alexis Tsipras's decision to hold it.