Third bailout for Greece ‘realistic’, says Eurogroup’s chief

Greece might need additional financial support from the eurozone beyond 2014, when the current rescue loan programmes end. Speaking at the European Parliament on Thursday, Eurogroup’s president Jeroen Dijsselbloem said it was ‘realistic’ to expect a third bailout for Athens before it can regain market access. It is clear that despite recent progress Greece’s troubles […]

Continue Reading...

Portugal Economy Sinks, State Clings to Bailout’s Austerity Terms

JESSICA DESVARIEUX: Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. On Sunday, Portugal’s president said he would not be calling for early elections. That means that he will be sticking to the E.U.-IMF $100 billion bailout. This translates into lowering the country’s borrowing rate, and it provides relief for international creditors. But […]

Continue Reading...

EU ministers agree 3-part bailout loan for Greece

Eurozone finance ministers approved on Tuesday the latest bailout aid for Greece, ending a six-month stand-off between Athens and its international lenders. Meeting informally in Athens, EU ministers agreed to disburse a first tranche of over 6 billion euros to be paid at the end of April. Greece will receive two more payments of 1 […]

Continue Reading...

La dette grecque, une tragédie européenne (The Greek debt, a European tragedy) [HQ] (multi-sub)

*The Greek debt crisis*The Greek debt crisis made the newspaper headlines from January to July 2015. And for a good reason: it is directly linked to our everyday lives as Europeans. Since May 2010, Greece has applied austerity and reform measures to its economy. In exchange, it has received loans to pay back its public […]

Continue Reading...