debt crisis archivos

Greek banks reopen for the first time in three weeks

In a bid to boost morale and ease the financial squeeze on Greek citizens, banks reopened on Monday, 20 July, after being closed for 3 weeks. Though banks are fully operational, withdrawals will still be capped at €60 per day, but now with the possibility to withdraw a whole week’s worth in one go. Restrictions on overseas payments remain in place. Also, trading on the Athens Stock Exchange is still frozen, along with clearing services and cash settlements for Greek securities.

Germany: The key problem of the EU crisis?

Dialogue , Op-ed
20 July, 2015

By Viktor Sukup

In the endless Greek crisis and the recipes supposedly designed to overcome it, Germany—whose Chancellor began by imposing the IMF’s participation—is the main hardliner pretending to “have the “Eurozone rules respected”.

“Yes” to Europe, “No” to further humiliation

By Deniz Torcu

The image that has started to go viral in social media amongst Greek users is simple, yet strong enough to explain the stand of the majority. It says a clear “NO”, however the rejection is composed of the sentence “YES TO THE EURO”. My recent trip to Athens was a clear depiction of how devastated the country really is. The once busy neighbourhoods filled with restaurants, cafés and shops are now being replaced by two yellow signs that mark the desperation of the people: “for rent” and “for sale”, appearing side by side.