Tag Archives: Euro

Greece – a referendum in the cradle of democracy

On Sunday Greece will vote in one of the most unusual referendums to be held in Europe in a long time. With only a week’s notice the country has been asked to vote on an extremely vague question, which in essence boils down to whether or not to accept an offer by the Eurogroup (Greece’s creditors) for a new series of bailouts and reforms. The only problem is that the Eurogroup has made clear that this offer is off the table, making the actual question essentially meaningless. Continue reading

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Grexit – A battle of principles

The clock is ticking down to yet another deadline in the eternal negotiations between Greece and its creditors on debt and bailouts. The deadline this time is the 30th of June, when the country owes 1.5 billion euros in debt repayments to the IMF. If they don’t pay, they will have defaulted on a loan, and that could start them on the path to economic collapse and an exit from the Euro and European Union.  Continue reading