July 2015
The Greek Government Ordered the Reopening of Banks in the Country
The Greek government has ordered the reopening of banks after a three-week closure aimed at preventing excessive withdrawals. This decision follows significant political changes within…
New Warning from the International Monetary Fund Regarding Greece's Situation
The IMF has warned Greece that it requires more debt forgiveness as the country faces a potential debt increase to 200% of its national income.…
Greek Finance Minister Resigns
Yanis Varoufakis resigned as Greece's Finance Minister to help facilitate negotiations with Eurozone countries following a successful anti-austerity referendum. His confrontational style had angered European…
Crowdfunding for Greeks
Tom Finney, a British shoe seller, initiated a crowdfunding campaign to help Greece with its financial crisis, suggesting that a small contribution from each European…
Greece Holds Referendum on Debt Payment Conditions
Greece held a referendum on July 14 regarding the acceptance of conditions for paying foreign debts, which could significantly impact its future in the Eurozone…
Greek Government Rejects European Warnings Regarding Referendum
The Greek government, led by Prime Minister Alexis Tsipras, has rejected EU warnings regarding a referendum on Greece's future in the eurozone. Tsipras argues that…
International Monetary Fund: Greece Needs Another 50 Billion Euros
The IMF has reported that Greece requires an additional 50 billion euros to stabilize its economy, with a significant portion expected from European lenders. Prime…
Greece Failed to Pay Its Debt to the International Monetary Fund
Greece failed to make a 1.5 billion euro payment to the IMF, prompting the EU to consider an emergency financial rescue package. The leftist government…