A referendum on whether the United Kingdom should remain in the European Union is due to take place before the end of 2017. If there is agreement at the European Union Council on 18-19 February 2016 the referendum can take place as soon as June 2016.
By Deniz Torcu
As of July the 13th, following tense negotiations, Eurozone leaders have reached an agreement for the new Greek bailout. A few days ago, Greek Prime Minister Alexis Tsipras proposed an austerity plan which was nearly identical to the very one that the Greek people vetoed in the July 5th referendum. The Greek proposal includes strict measures like a unified VAT rate of 23%, elimination of discounts on islands, incrementation and/or adjustment of corporate income and property tax rates, abolition of subsidies for farmers, introduction of penalties for early retirement, privatization of state-owned companies, etc.
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.
David Cameron has alluded to the possibility of the United Kingdom leaving the European Union unless European partners allow him to restrict benefits for immigrants. The figures released yesterday reveal a 43% rise in net immigration into the UK, which has threatened Cameron’s promise to cut it down before the end of his term in office…