Tag Archives: Europe

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

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Is Greece heading for disaster?

One week from today Greece goes to the polls to elect a new parliament, in a surprise election after the previous parliament failed to agree on a president. Once again, the election has all of Europe on edge. The leftist and anti-austerity party Syriza is leading in the polls, and the fear is that their victory could lead to a Greek exit from the EU. So what does Syriza want? Will their plan work? And will the Greeks vote for them?  Continue reading