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No ‘Grexit’ as Eurozone reaches agreement on Greek crisis

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By NewsGram Staff Writer

Eurozone leaders on Monday reached a “unanimous” agreement after marathon talks over a third bailout for Greece, European Union (EU) President Donald Tusk said.

He said that a bailout programme was “all ready to go” for Greece, “with serious reforms and financial support”, BBC reported.

“There will not be a ‘Grexit’ (Greek exit from the eurozone),” European Commission head Jean-Claude Juncker said, referring to the fear that Greece would have to leave the euro.

“There are no winners or losers, I don’t think the Greek people have been humiliated and I don’t think other European countries have lost face,” Juncker added.

Greek Prime Minister Alexis Tsipras agreed to tough reforms after 17 hours of gruelling negotiations by eurozone leaders in return for a three-year bailout programme worth up to 86 billion euros ($96 billion), Greece’s third rescue deal in five years.

Greece is expected to pass reforms demanded by the eurozone by Wednesday.

Parliaments in several eurozone states also have to approve any new bailout.

 

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Greeks vote in second general election

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thebalticbriefing.com

Athens: On Sunday, Greeks voted in the second general election this year to elect a new government that will implement the three year bailout agreed in the summer with international creditors.

About 9.8 million citizens of 18 years and above were registered to vote in 19,457 polling stations nationwide. The number of new voters is 108,464.

The two front-runners are former prime minister and leader of the radical-left SYRIZA party Alexis Tsipras and Evangelos Meimarakis of the conservative New Democracy party.

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Tsipras asked weary Greek voters to deliver a “fighting government” capable of “moving forward with difficult reforms” as he cast his ballot in the country’s closely-fought election, the fifth in six years.

“The Greek people will take their future into their own hands… and seal the transition to a new era,” Tsipras said in the working-class Athens district Kypseli. “I’m confident.”

Meimarakis after casting his ballot: “I believe we will have a better future for all Greeks regardless of which party they vote for.

“I hope the result will vindicate Greek people’s sacrifices,” President Prokopis Pavlopoulos said.

Stavros Theodorakis, head of the centrist small Potami party, and Fofi Gennimata, leader of the PASOK socialist party, stressed the need for consensus after the elections.

(IANS)

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Greek bailout tranche disbursed on time

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Athens: The first tranche of Greece’s new bailout programme — the third in five years — was disbursed on Thursday on time allowing Athens to repay its maturing debts to its international creditors, the finance ministry announced.

The announcement came as Prime Minister Alexis Tsipras