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Greek deputy finance minister resigns over debt deal

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Greek Deputy Finance Minister Nadia Valavani has resigned ahead of the key vote in the Greek parliament on a third bailout agreed between Prime Minister Alexis Tsipras and the country’s creditors. She described the deal as Greek agony. “Alexis, I am ready to serve in any capacity to the end during challenges. However, when our delegation returned with liabilities that are ‘stillborn measures’... 

The Only Country To Effectively Ameliorate The Debt Problem Is Iceland

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To download this show in Mp3 format: click here. Summary: Economist and best-selling author Harry S. Dent Jr., returns with comments on the latest Grexit drama, noting a default is imminent. A bankruptcy will benefit the nation as forced fiscal responsibility curtails government profligacy. The only country to effectively ameliorate the debt problem is Iceland, which defaulted on foreign debt shielding... 

Grexit to Create Huge ‘Holes’ in German Budget

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Finance Minister Schäuble earlier asserted that the Greek crisis will have no serious consequences for the federal budget. However, President of the German Federal Bank Jens Weidmann views the situation in a different way. Greece’s withdrawal from the Eurozone is likely to create huge ‘holes’ in the federal budget planned by German Finance Minister Wolfgang Schäuble (CDU). Last Wednesday,... 

EU Leaders to Shield Europe From 'Kremlin Propaganda'

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EU leaders will try to develop a strategy to curb “Kremlin propaganda” an issue that is on a par with the Grexit and terrorism threats on the agenda. The leaders of 28 EU countries will discuss ways to clamp down on “Russian propaganda” in light of the Ukrainian crisis during their upcoming summit in June, a diplomatic source told RIA Novosti. “EU leaders are expected... 

Germany wants new Greek government to obey forced administration

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The German government insists it wants Greece to stay in the eurozone and isn’t drafting any contingency plans in case of ‘Grexit’. This shows Germany is adamant about keeping Greece under the domination of the ‘troika’, journalist Ernst Wolff told RT. “The goal of the German government, the European Union and even the government in Athens itself is to keep Greece in the euro zone,”... 
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