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Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Keywords:
A Infratest Dimap opinion poll for broadcaster ARD shows 70% of Germans rating finance minister Schauble's work positively in July 2015.
How Tsipras reached his decision to call for a referendum, and the call for a "'no" vote that has damaged relations with the EU in June 2015
01/28/2013
During the last minute negotiations Tsipras veered from one side to the other. Initially he moved closer to Syriza party leaders who favored an accomodation with the IMF and EU, yet with each rejection of Greece's proposals he moved closer to the confrontational postiion of finance minister Varoufakis. The IMF and EU negotiators considered higher taxes on business in the Greek proposals hurting long term growth, and insisted on pension cuts. Greece's negotiating team was still negotiating over details when Tsipras called off talks and surprised European leaders with his call for a referendum. His announcement that Syriza would call for a no was badly received by EU leaders and Merkel, leading to a breakdown in trust. The inexperience of 40 year old Tsipras and the faculty professor Varoufakis's lack of experience with negotiations, may now have damaged relations between Greece and Germany. The reaction in Germany to this is that now a majority of Germans see Greece's exit from the eurozone as the best option, and the goodwill of leaders in France, Italy and Spain may have been lost.
Grouped Articles
How Alexis Tsipras’s Greek Referendum Call Came After Creditors Covered His Proposals in Red Ink
Wall Street Journal 06/29/2015
Greece Will Shut Banks in Fallout From Debt Crisis
New York Times 06/28/2015
Europe, Athens Battle for Greek Hearts and Minds Ahead of Referendum
Wall Street Journal 06/30/2015
With Loan Deadline Looming, Europe Offers Greece a Last-Minute Deal
New York Times 06/29/2015
Greece’s Future, and the Euro’s
New York Times 06/29/2015
Wall Street Journal 07/02/2015
What Greece won in the negotiations and what Greece loses with the failure of talks with the EU, closing of banks, and the referendum in July 2015
07/02/2015
Grouped Articles
Wall Street Journal 07/04/2015
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Bailout Referendum Lays Bare Deep Schisms Among Beleaguered Greeks
New York Times 07/04/2015
Europe’s future in Greece’s hands
Economist 07/04/2015
Economist 07/04/2015
Greek Bank Vortex Threatens Deal Hopes
Wall Street Journal 07/06/2015
The balance sheet of Greece's banks and recapitalization needs in Juy 2015- 139 billion euros in deposits, 2 billion euros in cash, and 116 billion euros in ECB central bank aid
07/04/2015
In the Cyprus crisis overhaul of the banks required depositors with over $100,000 in bank accounts to take a 50% haircut. Deposits less than $100,000 were safe. Greek banks will need ECB funding or European creditors to recapitalize the banks before banks can open because cash at banks is dropping below 1 billion euros just before the referendum of July 5, 2015.
Grouped Articles
Wall Street Journal 07/04/2015
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
IMF Warns Eurozone That Greece Needs Far More Debt Relief
Wall Street Journal 07/15/2015
How the German role in the eurozone crisis is viewed inside Germany, in Greece, Spain, Italy and the rest of Europe
05/26/2010
German media/public opinion and media/public opinion in other eurozone countries.
Grouped Articles
Elites Flock to Anti-Euro Party, Alternative for Germany
New York Times 04/14/2013
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Germans Love Europe â But Not the Euro
New York Times 10/11/2011
New York Times 05/26/2010
Luxembourg Foots a Big Piece of the Greek Tab
BusinessWeek 05/27/2010
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
Greece's banks and the debt crisis
06/14/2011
Grouped Articles
Piraeus Bankâs Michalis Sallas Reaches the Top in Greece
New York Times 06/10/2013
In Greece, Banks Ask E.C.B. for Access to Emergency Aid
New York Times 01/16/2015
American Billionaire Makes Risky Bet on Greece Debt Deal
New York Times 06/09/2015
Wall Street Journal 07/04/2015
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Greek Bank Vortex Threatens Deal Hopes
Wall Street Journal 07/06/2015
The cost of extra aid estimated by the IMF for damage done to Greece's financial system and economy between Jan-July 2015
07/03/2015
The IMF's estimate of extra aid needed for Greece is 60 billion euros ($66.6 billion) to tackle the worsening in the economy and the financial system following the collapse in talks, the imposition of capital controls, closing of banks, and the uncertainty created by the announcement of the referendum on the spending cuts and membership in the eurozone.
Grouped Articles
IMF Raises Referendum Stakes With Call for More Aid for Greece and Debt Relief
Wall Street Journal 07/03/2015
Wall Street Journal 07/04/2015
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Large Swaths of Greek Economy Seize Up Amid Fears, Capital Controls
Wall Street Journal 07/11/2015
Greek Shipping Industry Frets Over Higher Taxes
Wall Street Journal 07/13/2015
IMF Warns Eurozone That Greece Needs Far More Debt Relief
Wall Street Journal 07/15/2015
Shifts in German public opinion to bailouts of other European countries
12/01/2010
Grouped Articles
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07/07/2015
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07/08/2015
Debt crisis tests German ties to euro
Washington Post 12/01/2010
Merkel's Defense of Euro Forged in East Germany
New York Times 01/30/2011
German public opinion on the failure of talks and the referendum in Greece in July 2015
07/04/2015
Polls show about 70% of Germans support finance minister Schauble in the talks with Greece.
Grouped Articles
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07/07/2015
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07/08/2015
Economist 07/19/2015
Why Greece Should Leave the Eurozone
New York Times 07/24/2015
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