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Latest Alexis Tsipras Items
Greece has avoided imminent bankruptcy after its international creditors finally agreed to give it the money it urgently needs, but the cash-strapped country's economic distress is likely to drag on for years to come.
The conservative party that backs keeping Greece in the eurozone won the country's national election Sunday and immediately proposed forming a pro-euro coalition government — a development that eased, at least briefly, deep fears that the vote would unleash an economic tsunami.
A Greek exit from the eurozone will be on the agenda if Athens fails to impose austerity measures required in its EU-IMF bailout deal, French Finance Minister Pierre Moscovici said Sunday.
The head of Greece's Radical Left Coalition, whose strong gains in last month's elections deepened concerns over his country's future in the European single currency, vowed Friday to cancel Greece's international bailout agreement if he wins an upcoming repeat ballot.
Greece's president will convene a broader meeting with the heads of several political parties Tuesday in a final push to find agreement on forming a government, more than a week after elections gave no party a majority in parliament.
Critical talks to form a governing coalition in crisis-struck Greece foundered once more, leading the country one step closer to new elections — and bringing its continued use of the euro into serious doubt.
Critical last-ditch talks to form a coalition government in crisis-struck Greece foundered once more Sunday, leading the country one step closer to new elections, although the socialist party leader said he retained 'existing but limited' optimism for a deal.
Greece's president will meet with political party leaders Sunday in a last-ditch effort to broker a deal for a coalition government and avoid another general election.
Greece's commitment to austerity is no longer valid because voters have rejected those deals, a left-wing party leader declared Tuesday as he tried to form a new coalition government.