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Euro Zone
Ted Malloch compared the European Union to the Soviet Union in a BBC interview.
In many ways the United Kingdom of Great Britain and Northern Ireland, which joined what was then the European Common Market in 1973, represents a distinct society in its own right: with its strong currency it remains outside the Euro zone, fails to participate to the Schengen Area regulating border controls, while enjoying special budgetary rules.
The reshuffle was expected Friday or over the weekend. In the early hours of Thursday, 38 of Tsipras' own radical-left Syriza
Finance ministers from countries using the euro currency were planning a conference call to consider rescue financing for
Tsipras, who flew home Monday from grueling night-long negotiations with European leaders, will chair an executive meeting
Prime Minister Alexis Tsipras flew home to sell the bailout plan to skeptical lawmakers and political allies, some of whom
Greece does not have its own currency to devalue to gain economic relief. And so the nation's debt problem can't be fixed by issuing more loans with conditions that kill economic growth. If truth be told, there has never been a bailout designed to bail out the Greeks. The aid issued to date has been all about buying time to play musical bondholders.
A Greek crisis cannot be good for the world right now, and we cannot/should not be mute spectators. Here are some reasons why we in Canada in particular, and the rest of the world in general, have to cautiously monitor the current events in Greece, and should try to guide or help Greece get out of the crisis before it becomes contagious. Canada already has internal financial stresses, just like many other countries around the world do, at this moment; this Greek crisis can add to external stress for many countries, and this really is bad timing, and an unwanted occurrence for the world economy.
Varoufakis said Prime Minister Alexis Tsipras had judged that his resignation "might help achieve a deal" and that he was
The question does not address the future of the euro currency — which many believe is at stake — or the future of Greece's