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Grexit News

Op-Ed: Greece may have been planning a Grexit from the beginning

Athens - An article by Simon Nixon in the Wall Street Journal suggests senior Greek officials such as prime minister Tsipras and economy minister Yanis Varoufakis had from the beginning decided creditors would never extend reasonable terms to Greece.

Op-Ed: Greek whiners still whining about overspending

Athen - Today's news regarding the Greek intransigence against facing reality is pretty much the same as yesterday's. And the day before, and the day before that.

Op-Ed: Greek debt negotiations reach crisis level

Athen - The Greek debt negotiations may be coming to a critical point after optimism that a deal might be reached last Thursday. By Friday, stocks were headed down again amid worries of a Greek default.

Op-Ed: Greek government has contradictory aims

Athen - Greece said it will keep election pledges to end austerity measures even as its creditors demand pension and labour market changes that go counter to those pledges.

Greece makes key payment to IMF on time

Athens - The Managing Director of the International Monetary Fund(IMF), Christine Lagarde, has confirmed that the Greek government made a 459 million euro payment due on April 9.

Op-Ed: European Commission nixes Greek anti-poverty law

Athens - The European Commission has vetoed what the government calls a "humanitarian crisis bill." The bill was meant to address poverty among pensioners and homeless families.

Op-Ed: Syriza can either sell out or exit the euro zone

Athens - The Greek government has until Friday to give its response to a Eurogroup document that is based on the original bailout deal that Greece had vehemently rejected in the first place. Greece must indicate what it is willing to do to extend the deal.

Greece seeks bridge financing as debt deal may take time

Brussels - Greece and its EU creditors are extending talks over the weekend in order to possibly reach a deal at talks with EU finance ministers on Monday at Brussels.

Op-Ed: Greek markets plunge as Grexit appears more likely

Athens - German chancellor Angela Merkel has ruled out any write off of Greek debt, claiming that banks and creditors have already made substantial cuts. At the same time she insisted that she wants Greece to stay in the Eurozone.

Op-Ed: Syriza party close to a majority in Greek election win

Athens - With more than three-quarters of election results in, the leftist, anti-austerity party Syriza, won a decisive victory and was projected to win 149 seats in the 300 seat parliament, just short of a majority.

Banks preparing for possible Grexit

Athens - Both banks and brokers are dusting off contingency plans for a possible Greek exit from the eurozone (Grexit). While most think that Greece will remain in the zone, the snap elections to take place January 25 may make such an exit more likely.

IMF admits it screwed up on Greece

The International Monetary Fund (IMF) has released a report on the Greek bailout which draws the obvious conclusion that it managed to screw up as far as the Greek economy was concerned.

Jean Claude Juncker warns 'last chance' for Greece

Athens - Eurogroup Chairman Jean Claude Juncker, in Athens for talks with Antonis Samaras, declared "I oppose a Greek exit from the eurozone." However, he warned "Greece is facing its "last chance" to stay in the eurozone.

Samaras: Greece needs 'breathing space' to implement more cuts

Athens - As Greek Prime Minister Antonis Samaras prepares for a meeting with Euro Group President Jean-Claude Juncker on Wednesday, he told German newspaper Bild Greece needs "breathing space" to implement further spending cuts and reforms.

Eurogroup head Juncker warns Greece not to leave the euro zone

Athens - Luxembourg's Prime Minister Jean-Claude Juncker, head of the Eurogroup, has warned Greeks not to turn their back on the euro zone, saying the consequences of a radical left victory would have unforeseeable consequences for the monetary union.
 

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