Donald Trump has sparked anger by attacking the military record of Senator John McCain, a former prisoner of war in Vietnam. The Republican presidential hopeful said John McCain was only considered a hero because he was a prisoner of war. The billionaire and reality TV star then added: “I like people who weren’t captured.” The… Continue reading Donald Trump Attacks John McCain’s Vietnam War Service
Category: Economy & Politics
Economy and Politics news articles.
Greece Bailout: German Parliament to Vote on €86 Billion Bailout Deal
German parliament is debating a motion on whether to allow negotiations on Greece’s €86 billion bailout deal. Opening the debate, Chancellor Angela Merkel warned of “predictable chaos” if deputies did not back the plan. The deal is expected to be passed despite opposition from the left and some members of Angela Merkel’s conservative party. Greece’s… Continue reading Greece Bailout: German Parliament to Vote on €86 Billion Bailout Deal
Greece to Receive €7 Billion Bridging Loan from EU-Wide Fund
Greece will receive a €7 billion bridging loan from an EU-wide fund to keep its finances afloat until a bailout is approved, eurozone ministers have agreed. The loan is expected to be confirmed on July 17 by all EU member states. In another development, the European Central Bank (ECB) agreed to increase emergency funding to… Continue reading Greece to Receive €7 Billion Bridging Loan from EU-Wide Fund
Why All the Secrecy Behind the Trans-Pacific Partnership (TPP)
Copies of one of the biggest free trade deals are sitting in separate rooms of the Capitol. With access to only staffers and members of congress, many are wondering about the secrecy behind the deal. Unfortunately, this is how negotiations work when it comes to trade deals. The Secrecy Surrounding TPP Because this document is… Continue reading Why All the Secrecy Behind the Trans-Pacific Partnership (TPP)
Greece Bailout: Eurogroup Begins Talks on Emergency Funding
Hours after Greece’s parliament passed tough reforms required for a third bailout deal, the eurozone ministers have met to discuss on emergency funding to keep Greek banks afloat. The Eurogroup was also due to discuss next steps in negotiating the bailout. The Greek government is expected to survive, despite losing its majority after 38 lawmakers… Continue reading Greece Bailout: Eurogroup Begins Talks on Emergency Funding
Greece Bailout: IMF Criticizes EU Creditors over Bailout Terms
The International Monetary Fund (IMF) has attacked the EU over the terms of a bailout offered to Greece. The IMF said Greece’s public debt was now “highly unsustainable” and urged debt relief on a scale “well beyond what has been under consideration to date”. On July 14, the IMF made public advice it had given… Continue reading Greece Bailout: IMF Criticizes EU Creditors over Bailout Terms
China’s Economic Growth Beats Expectations in Q2 2015
China’s economic growth beat expectations in Q2 2015, but it was still the weakest showing since the global financial crisis. The world’s second largest economy grew 7% from a year ago – matching growth in Q1 2015, which was the lowest since 2009 when it fell to 6.6%. A weaker property market and factory production… Continue reading China’s Economic Growth Beats Expectations in Q2 2015
Scott Walker 2016: Wisconsin Governor Announces Presidential Bid
Scott Walker has announced he is seeking the Republican nomination for US president. The 47-year-old Wisconsin governor tweeted: “I’m in.” Scott Walker is joining a field of 14 others in his party competing for the 2016 election. In a video released on July 13, Scott Walker said: “I’m running for president to fight and win… Continue reading Scott Walker 2016: Wisconsin Governor Announces Presidential Bid
Greece Debt Talks: Eurozone Leaders Reach Agreement on Third Bailout
Greece will receive a third bailout after marathon talks in Brussels where eurozone leaders have reached the agreement. EU chairman Donald Tusk has announced leaders agreed “in principle” on negotiations for the bailout, “which in other words means continued support for Greece”. Greece’s PM Alexis Tsipras said that after a “tough battle”, his country had… Continue reading Greece Debt Talks: Eurozone Leaders Reach Agreement on Third Bailout
Greece Debt Talks: Eurogroup to Decide on Grexit
Eurogroup is due to resume talks in Brussels on a bailout deal for Greece. Nine hours of talks on July 11 ended without agreement and Eurogroup leader Jeroen Dijsselbloem described negotiations as “very difficult”. Eurozone finance ministers have expressed skepticism Greece will implement the austerity measures it has proposed. They have little time to produce… Continue reading Greece Debt Talks: Eurogroup to Decide on Grexit
Grexit: France Wants to Keep Greece in Eurozone
French PM Manuel Valls has said his country will do all it can to keep Greece in the eurozone, because allowing it to leave would be too risky. “The basis for a deal exists,” Manuel Valls said ahead of an emergency eurozone summit. However, Germany has warned against any unconditional debt write-off. Eurozone ministers have… Continue reading Grexit: France Wants to Keep Greece in Eurozone
Yanis Varoufakis Resigns as Greece’s Finance Minister
Greece’s chief bailout negotiator Euclid Tsakalotos has replaced the country’s outspoken Finance Minister Yanis Varoufakis, who resigned on July 6. Yanis Varoufakis had become a lightning rod in Greece’s talks with Europe. In resigning, he conceded that his poor relations with other European finance ministers had become an obstacle in the search for a solution… Continue reading Yanis Varoufakis Resigns as Greece’s Finance Minister
Greece Referendum Results: Greeks Vote NO and Reject Bailout Terms
Greek people decisively rejected the terms of an international bailout, the first results from a controversial debt referendum have shown as two-thirds of ballots were counted. Figures published by the interior ministry showed 61% of those whose ballots had been counted voting “No”, against 39% voting “Yes”. Greece’s governing Syriza party campaigned for a “No”,… Continue reading Greece Referendum Results: Greeks Vote NO and Reject Bailout Terms
Greece Bailout Referendum: Greeks Vote Whether to Accept Creditor Terms
Greeks are voting in a controversial referendum on whether to accept the terms of an international bailout. Polling stations opened at 07:00 local time, with the first results expected in the evening. The government has urged a “No” vote, but opponents warn this could see Greece ejected from the eurozone. Greeks appear evenly divided over… Continue reading Greece Bailout Referendum: Greeks Vote Whether to Accept Creditor Terms
Greece Debt Referendum: Tens of Thousands Attend Rival Rallies over Bailout Vote
Rival rallies have been held in the Greek capital ahead of a crucial debt referendum on July 5. PM Alexis Tsipras was greeted with huge cheers by tens of thousands of Greeks when he told supporters to vote “No” to the terms of an international bailout. Those attending another huge rally nearby warned a “No”… Continue reading Greece Debt Referendum: Tens of Thousands Attend Rival Rallies over Bailout Vote
White House 2016: Jim Webb Launches Presidential Bid
Former senator Jim Webb has launched his bid for president, joining other Democrats taking on front-runner Hillary Clinton. Jim Webb, who represented Virginia from 2007 to 2012, said the US needed “positive, visionary leadership”. The 69-year-old Vietnam veteran said defense, criminal justice reform and an economy that benefits the middle class would be his focus.… Continue reading White House 2016: Jim Webb Launches Presidential Bid
Greece Default: Alexis Tsipras Offers New Concessions to Eurozone Partners
Greek PM Alexis Tsipras has made a defiant speech as cash withdrawal limits begin to bite for bank customers. Alexis Tsipras promised Greeks their pensions and wages would be safe. Earlier the prime minister offered new concessions to eurozone partners, accepting most conditions that were on the table before talks collapsed. Germany says talks requested… Continue reading Greece Default: Alexis Tsipras Offers New Concessions to Eurozone Partners
Grexit: Greece Fails to Pay €1.6 Billion Debt to IMF
Greece has failed to repay €1.6 billion loan to the International Monetary Fund (IMF), hours after eurozone ministers refused to extend its bailout. However, eurozone ministers say they will discuss a last-minute request from Greece for a new two-year bailout on July 1. Greece is the first advanced country to fail to repay a loan… Continue reading Grexit: Greece Fails to Pay €1.6 Billion Debt to IMF
White House 2016: Chris Christie Launches Bid for US President
New Jersey Governor Chris Christie has officially launched his bid to become the next president of the United States. The Republican said both political parties “have failed our country” and called for more compromise at a rally on Tuesday. Many Republicans sought out Chris Christie, 52, to run in 2012, but he is now considered… Continue reading White House 2016: Chris Christie Launches Bid for US President
Greece Requests New Bailout Deal from Eurozone
Greece has requested a new bailout deal from the eurozone, just hours before it must repay €1.6 billion to the International Monetary Fund (IMF). The Greek government is asking for a new two-year €29.1 billion aid deal from a bailout mechanism for eurozone countries. Eurozone finance ministers discussed the Greek offer in a teleconference on… Continue reading Greece Requests New Bailout Deal from Eurozone
Greece Debt Referendum Controversial Question
The question which will be put to Greek voters on July 5 will not be as simple as whether they want to stay in the euro or not. Instead it asks Greeks to approve or reject the specific terms laid out by Greece’s creditors. “Should the agreement plan submitted by the European Commission, European Central… Continue reading Greece Debt Referendum Controversial Question
Greece Bailout Referendum: PM Alexis Tsipras Asks Greeks to Vote No
Greece’s Prime Minister Alexis Tsipras has urged population to reject international creditors’ demands in a snap referendum on the country’s debt crisis due on July 5. Alexis Tsipras said a clear vote against austerity would help Greece negotiate a better settlement to the crisis. Otherwise, the prime minister warned, he would not stay in office… Continue reading Greece Bailout Referendum: PM Alexis Tsipras Asks Greeks to Vote No
Grexit: EU Leaders Warn Greek People over Bailout Referendum
EU leaders have warned Greek people that rejecting international creditors’ proposals in the bailout referendum called for Sunday, July 5, would mean leaving the euro. German Vice Chancellor Sigmar Gabriel said the vote would be “Yes or No to the eurozone”. Greece’s PM Alexis Tsipras has urged a “No” vote but insists he wants Greece… Continue reading Grexit: EU Leaders Warn Greek People over Bailout Referendum
Greece Default: Banks Remained Closed as Capital Controls Will Be Imposed
Greece’s PM Alexis Tsipras has announced that the Greek banks are to remain closed and capital controls will be imposed. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Alexis Tsipras said Greek deposits were safe. Greece is due to make a €1.6 billion payment to the… Continue reading Greece Default: Banks Remained Closed as Capital Controls Will Be Imposed
Greece Parliament Backs Bailout Referendum
The Greek lawmakers have backed plans for a referendum on international creditors’ terms for a new bailout. The July 5 referendum was called by Prime Minister Alexis Tsipras, who opposes further budget cuts. He urged voters to deliver a “resounding <<No>>” to the package. Eurozone partners have criticized Greece’s referendum announcement, and rejected its request… Continue reading Greece Parliament Backs Bailout Referendum