Eurozone finance ministers have reportedly rejected Greece’s request to extend bailout program beyond June 30. According to The Wall Street Journal, Greece asked for a one-month extension of its expiring rescue deal. But the request was swiftly rejected by the rest of the eurozone, three European officials said on June 27. Greek Finance Minister Yanis… Continue reading Greece Default: Eurozone Finance Ministers Reject Greek Bailout Extension
Category: Economy & Politics
Economy and Politics news articles.
Greece to Hold Bailout Referendum on July 5
Greek PM Alexis Tsipras has announced a referendum on a controversial bailout deal with foreign creditors for July 5. In a TV address, Alexis Tsipras described the plan as “humiliation” and condemned “unbearable” austerity measures demanded by creditors. The Greek government earlier rejected the proposals, aimed at avoiding Greece defaulting on its debt. Greece has… Continue reading Greece to Hold Bailout Referendum on July 5
Greece Debt Summit: EU Ministers Try to Deadlock Debt Crisis
European leaders hold an emergency summit in Brussels that could break the deadlock around Greece’s debt crisis. Greece’s Prime Minister Alexis Tsipras said he hoped Greece would “return to growth within the eurozone”. European finance ministers have said there is still no basis for making a decision for aid for Greece on June 22. On… Continue reading Greece Debt Summit: EU Ministers Try to Deadlock Debt Crisis
Belgium Unblocks Frozen Russian State Accounts
Belgium has unblocked frozen Russian state accounts, Belgium’s foreign minister says. The assets were seized in a move triggered by a court ruling over the now-defunct Yukos oil company. In July 2014, an international arbitration court said Russian officials had manipulated the legal system to bankrupt Yukos. Yukos was then taken over by a Russian… Continue reading Belgium Unblocks Frozen Russian State Accounts
Donald Trump 2016: Trump’s Team Denies Using Unauthorized Neil Young’s Song
Donald Trump’s team has hit back at Neil Young after the musician criticized The Apprentice star for using one of his songs at his presidential candidacy announcement on June 16. The veteran rocker hit headlines when he released a statement distancing himself from Donald Trump after the business mogul played his anthem Rockin’ In the… Continue reading Donald Trump 2016: Trump’s Team Denies Using Unauthorized Neil Young’s Song
Greece to Offer New Proposals to Creditors Ahead of Emergency EU Summit
Greece will offer new proposals to creditors ahead of an emergency EU summit planned for June 22, State Minister Alekos Flambouraris has said. Alekos Flambouraris also told Greek media he believed the European Central Bank (ECB) would not allow the country’s banks to collapse. Reports say billions of euros have been withdrawn from Greek banks… Continue reading Greece to Offer New Proposals to Creditors Ahead of Emergency EU Summit
Denmark Elections 2015: Lars Lokke Rasmussen’s Center-Right Opposition Group Wins
Denmark’s center-right opposition parties have beaten the ruling coalition after a close general election in the country. With all mainland votes counted, ex-PM Lars Lokke Rasmussen’s center-right group beat PM Helle Thorning-Schmidt’s center-left coalition, although her party is the largest. Helle Thorning-Schmidt has now stood down as Social Democratic Party leader. The right-wing, anti-immigration Danish… Continue reading Denmark Elections 2015: Lars Lokke Rasmussen’s Center-Right Opposition Group Wins
Greece Debt Talks: Eurogroup Meeting Ends with No Agreement
A meeting of European finance ministers in Luxembourg ended with no agreement on Greece’s debt. The head of the Eurogroup, Jeroen Dijsselbloem, has said that Greece needs to seize a “last opportunity” to reach a deal with its creditors. Jeroen Dijsselbloem called on Greece to submit “credible” proposals in the coming days. To help tackle… Continue reading Greece Debt Talks: Eurogroup Meeting Ends with No Agreement
Denmark Elections 2015: Helle Thorning-Schmidt vs. Lars Lokke Rasmussen
Denmark is voting in a general election on Thursday, June 18. According to opinion polls, PM Helle Thorning-Schmidt’s center-left coalition and the centre-right opposition led by ex-PM Lars Lokke Rasmussen, appear to be neck and neck. However, the pollsters have only canvassed the Danish mainland – and voters in Greenland and the Faroe Islands may… Continue reading Denmark Elections 2015: Helle Thorning-Schmidt vs. Lars Lokke Rasmussen
Donald Trump Is Running for President in 2016
Real estate mogul and reality star Donald Trump has announced his presidential bid on June 16, 2015 at a rally in front of New York’s Trump Tower. Donald Trump’s official website has released the following statement: Donald J. Trump announced his candidacy for President of the United States of America. Mr. Trump was joined by… Continue reading Donald Trump Is Running for President in 2016
Donald Trump 2016: Property Billionaire Announces White House Bid
Donald Trump has announced his run for the White House in 2016. The Republican property billionaire has never formally run for president before, but has often talked about it. Donald Trump, 69, told supporters at New York’s Trump Towers on Fifth Avenue: “I am officially running for president of the United States and we are… Continue reading Donald Trump 2016: Property Billionaire Announces White House Bid
Grexit: Francois Hollande Urges Restart of Greece Talks
France’s President Francois Hollande has warned that there is “little time” to prevent Greece from leaving the eurozone. On a visit to Algiers, Francois Hollande said the ball was firmly in Greece’s court. “It’s not France’s position to impose on Greece further cuts to smaller pensions, but rather to ask that they propose alternatives,” the… Continue reading Grexit: Francois Hollande Urges Restart of Greece Talks
White House 2016: Jeb Bush Launches Presidential Bid in Miami
Jeb Bush has launched his bid to become the Republican nominee for president. In a video released hours ahead of his official launch in Miami, the former Florida governor has pledged to fix America. Jeb Bush, 62, declared: “I’m ready to lead.” The brother of ex-President George W. Bush and son of ex-President George H.W.… Continue reading White House 2016: Jeb Bush Launches Presidential Bid in Miami
White House 2016: Presidential Candidates
2016 White House – declared presidential candidates Democrats: Hillary Clinton, former First Lady and Secretary of State Martin O’Malley, former governor of Maryland and mayor of Baltimore Bernie Sanders, independent senator from Vermont, caucuses with the Democrats Lincoln Chafee, former senator and governor of Rhode Island Republicans: Ted Cruz, Texas senator and conservative firebrand Rick… Continue reading White House 2016: Presidential Candidates
White House 2016: Hillary Clinton Holds First Presidential Rally in New York
Hillary Clinton has vowed to help “everyday Americans” in the first major rally in her presidential campaign held in New York on June 13. The Democratic front-runner outlined her key policies in a speech to thousands of supporters on New York City’s Roosevelt Island. Hillary Clinton, 67, pledged to support working families, saying: “America can’t… Continue reading White House 2016: Hillary Clinton Holds First Presidential Rally in New York
Turkey Elections 2015: Recep Tayyip Erdogan Urges Parties to Form New Government
Turkish President Recep Tayyip Erdogan has urged political parties to “leave egos aside” and form a government as soon as possible. It is the first time President Recep Tayyip Erdogan has spoken publicly since his ruling AKP lost its parliamentary majority on June 7. Speaking in the capital Ankara, the president said all sides must… Continue reading Turkey Elections 2015: Recep Tayyip Erdogan Urges Parties to Form New Government
Turkey Elections 2015: AKP Faces Challenge to Form New Government
Recep Tayyip Erdogan’s ruling party AKP faces a challenge to form a new government after losing its majority at Turkey’s general election for the first time in 13 years. AKP secured 41%, a sharp drop from 2011, and must form a coalition or face entering a minority government. The pro-Kurdish HDP crossed the 10% threshold,… Continue reading Turkey Elections 2015: AKP Faces Challenge to Form New Government
Turkey Elections 2015: Recep Tayyip Erdogan’s AKP Loses Majority
Recep Tayyip Erdogan’s ruling party AKP appears on course to lose its parliamentary majority after today’s general elections in Turkey, early projections suggest. According to Turkish exit polls, the pro-Kurdish HDP is set to cross the 10% threshold, securing seats for the first time. With 90% of the vote counted, the AKP had 42% of… Continue reading Turkey Elections 2015: Recep Tayyip Erdogan’s AKP Loses Majority
Turkey Elections 2015: Recep Tayyip Erdogan’s AKP Challenged by Pro-Kurdish HTP
Turkey is voting in a general election which will determine whether President Recep Tayyip Erdogan’s ruling party, AKP, can change the constitution. President Recep Tayyip Erdogan, who first came to power as prime minister in 2003, is seeking a big enough majority to turn Turkey into a presidential republic. However, the pro-Kurdish HDP may cross… Continue reading Turkey Elections 2015: Recep Tayyip Erdogan’s AKP Challenged by Pro-Kurdish HTP
Greece Delays €300 Million Debt Repayment to IMF
Greece has announced it will delay June 5 €300 million ($330 million) debt repayment to the International Monetary Fund. The country told the IMF it will bundle all four of its June payments together. The Greek government will have until June 30 to pay the €1.5 billion total, which is also the day on which… Continue reading Greece Delays €300 Million Debt Repayment to IMF
White House 2016: Rick Perry Launches Second Bid for US Presidential Nomination
Former Texas Governor Rick Perry has launched his second campaign to earn the Republican nomination for US president. Rick Perry, 65, made the announcement by launching a new fundraising website. This is Rick Perry’s second bid for the White House. His first was derailed by a very public moment of forgetfulness when in November 2011,… Continue reading White House 2016: Rick Perry Launches Second Bid for US Presidential Nomination
Greek Debt Crisis: PM Alexis Tsipras Submits Realistic Plan to Creditors
Greece has “a realistic” debt deal proposal, PM Alexis Tsipras has said. “We have submitted a realistic plan for Greece to exit the crisis,” he said. Alexis Tspiras said the plan included “concessions that will be difficult”. The prime minister’s statement follows talks in Berlin attended by the heads of both the International Monetary Fund… Continue reading Greek Debt Crisis: PM Alexis Tsipras Submits Realistic Plan to Creditors
Lindsey Graham 2016: South Carolina Senator Announces Presidential Run
Republican Senator Lindsey Graham has officially launched his 2016 White House campaign in his hometown of Central, South Carolina. Lindsey Graham underlined his foreign policy experience telling supporters: “I have more experience with our national security than any other candidate in this race. That includes you, Hillary.” He also promised “limited and effective government” and… Continue reading Lindsey Graham 2016: South Carolina Senator Announces Presidential Run
Queen’s Speech 2015: UK Plans EU Referendum and Tax Freeze
Queen Elizabeth II delivered her speech at the UK’s annual State Opening of Parliament on May 27. It was the Queen’s first speech under a majority Conservative government since 1992. Queen’s Speech revealed that an EU referendum by the end of 2017 is among Conservative government’s program of new laws. The packed program of laws… Continue reading Queen’s Speech 2015: UK Plans EU Referendum and Tax Freeze
Grexit: Greece Pledges to Keep Repaying Its Debts
Greece will keep repaying its debt as long as possible, government spokesman Gabriel Sakellaridis has said. The government’s statement comes days after Interior Minister Nikos Voutsis warned Greece had run out of funds. Gabriel Sakellaridis said Greece would maintain repayments to its EU-IMF creditors for as long as possible. He also rejected the idea of… Continue reading Grexit: Greece Pledges to Keep Repaying Its Debts