Greek PM Tsipras Considering a Digital Currency Solution?
With the Greek debt crisis still far from over, Prime Minister Alex Tsipras is now considering alternatives to shifting back to a potentially worthless drachma. Bitcoin has been on the rise, thanks to capital controls imposed in the country, leading the Greek leader to consider digital currency solutions. The Greek referendum has resulted in an overwhelming vote against additional austerity, which means that the country could forego the much-needed bailout and be forced out of the euro zone. However, it might be thrown deeper into depression and skyrocketing unemployment in that case.....
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The IMF has been left standing with its finger in it's mouth after Greek Prime Minister Alexis Tsipras unexpectedly called a Greek referendum on whether to accept further austerity and encouraged the Greek people to vote "No". The prospect slams the possibility of a Grexit firmly on the negotiation table and Monday may see the unexpected turn painted red in market charts. Greek Prime Minister Alexis Tsipras has called a referendum on whether Greece should accept demands by the country's creditors the IMF, ECB and European Commission. The decision comes on the heels of failed talks with the....
Commentary by Giulio Prisco. One of the first actions of Greek PM Alexis Tsipras, after the January 25 elections that brought the "anti-establishment" party Syriza to power, was to appoint renowned economist Yanis Varoufakis as Finance Minister. Since the elections, the European media has been full of reports about the financial situation in Greece, and the efforts of Tsipras and Varoufakis to renegotiate the Greek debt with European Union (EU) authorities. Rumors of a possible "Grexit," the exit of Greece from the EU, keep surfacing. Syriza - officially known as "Coalition of the Radical....
Greek voters have issued a surprisingly loud and clear statement of support to Greek Prime Minister Alexis Tsipras, and defiance to European authorities and the International Monetary Fund. In the referendum celebrated Sunday, an overwhelming majority of more than 61 percent of Greeks, with an impressive 22 percent lead over the 39 percent of Greeks who voted yes, have said no to the bailout deal proposed by the country's creditors. Opinion polls before the referendum showed the difference between the Yes and No camps as too close to call, and therefore the strong majority won by Tsipras....
CNBC contributor Brian Kelly, the author of "The Bitcoin Big Bang: How Alternative Currencies Are About to Change the World," proposes a quick and simple bitcoin-like solution for Greece's troubled economy. Since the January elections that brought the "anti-establishment" Syriza party to power, Prime Minister Alexis Tsipras has been trying to renegotiate the Greek debt with the European Union (EU), but the country remains strangled by foreign debt. Rumors of a possible "Grexit," the exit of Greece from the EU, keep surfacing.Writing on CNBC, Kelly notes that Greece could stay in the....
CCN. LA reported on Monday about the 11th hour Eurozone emergency summit seeking a deal to prevent Greece from defaulting on her debt and toppling the area into an economic tailspin. But the European Central Bank, the International Monetary Fund and the European Commission, Greece's main creditors, are using the situation to push Greece and her citizens further into an economic corner. Greek Prime Minister Alexis Tsipras said in a tweet, this morning, that some creditors have not accepted Greece's proposals of reform-for-aid as he left for emergency talks in Brussels. The insistence of....