The bill on the rescue deal passed just in time for Greek Finance Minister Euclid Tsakalotos to head to Brussels to meet his counterparts from the 19-country currency union in the hope of getting their seal of approval as well.
An article on Salon this week provides some insight on how Trump’s immigration stance and the willingness of so many Republicans to feed into it could bring about the GOP’s demise. Let them take me to court if they want, but by then American forces will have...
According to a statement released by the European Commission (EC) immediately after the meeting, the new billion-dollar loans will be made available over the next three years to Greece by the ESM.
Prime Minister Alexis Tsipras resigned yesterday, hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece’s creditors for a better bailout deal but had to cave in.
Erdogan is expected to meet the speaker of parliament on Monday to prepare for the next stages, including the formation of a temporary government to carry the country over until the election.
“If we don’t find a solution, we will have to do bridge financing”, he said, referring to a short-term loan so Greece can make its next debt payment on August 20.
His U-turn in accepting the demands by the country’s creditors led to outrage among hardliners in his Syriza party, with dozens voting against him during the bailout’s ratification in parliament last week.
The approval comes after six hours of talks to nail down the tough and far-reaching reforms Athens must implement in return. Unable to borrow on the worldwide markets, another bailout is all that stands between Greece and a disorderly default on its debts – as soon as next...
A visibly upset finance minister Arun Jaitley, who addressed the media after the Monsoon session ended in a washout on Thursday, claimed GST would have benefited to the country.