Alexis Tsipras

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Greek Election Stuns Pollsters

Leftists win 2nd election this year

(Newser) - Alexis Tsipras' left-wing Syriza party battered opponents in a snap general election as Greeks gave the 41-year-old leader a second chance to deal with the country's staggering debt and carry out major reforms aimed at modernizing its government and economy. Defying opinion polls, Tsipras comfortably beat the conservative New... More »

Leader Tsipras to Greeks: Now It's Time to Judge Me

He quits, calls new elections in wake of bailout

(Newser) - Greek Prime Minister Alexis Tsipras today announced his government's resignation and called early elections, an attempt to get a new mandate to implement a three-year bailout program that sparked a rebellion within his radical left party. In a televised address to the nation, Tsipras defended his government's negotiating... More »

Greece Lawmakers Back Austerity Plan

Bailout is on track again, though IMF now has concerns

(Newser) - Greece keeps inching toward its convoluted bailout: Lawmakers have approved an austerity package demanded by European creditors, reports Reuters . This time, Prime Minister Alexis Tsipras endorsed them, despite having championed a referendum that shot down a similar package less than two weeks ago. He had to face down a revolt... More »

EU: We Have an 'aGreekment'

New bailout deal reached after marathon talks

(Newser) - After a grueling 17 hours of talks at an emergency summit, eurozone leaders have emerged with an "aGreekment," as EU chief Donald Tusk puts it, instead of a " Grexit ." Leaders have agreed—in principle—on a deal that "means continued support for Greece," Tusk... More »

In About-Face, Greece Offers Austerity Measures

Expect a frantic weekend of negotiations

(Newser) - Greece finally met a deadline that counted today, delivering a series of sweeping proposals to its creditors before midnight to set off a mad rush toward a weekend deal to stave off a financial collapse of the nation. The package of reforms raised hopes that Greece can get a rescue... More »

Greece's Next Crucial Step: a 6pm Meeting in Brussels

Greek PM Alexis Tsipras will present proposal to EU leaders

(Newser) - The referendum was a "no," Finance Minister Yanis Varoufakis is out , Euclid Tsakalotos is in ... so where does Greece find itself today? Walking into an emergency summit of EU leaders. The latest:
  • So what is that summit all about? It was arranged following Sunday's vote and will
... More »

This Man Will Guide Greece Into Uncharted Territory

Meet Euclid Tsakalotos, the country's new finance minister

(Newser) - The Greek government has named Euclid Tsakalotos as the country's new finance minister, a day ahead of an emergency meeting with creditors in Brussels. The 55-year-old economist was Prime Minister Alexis Tsipras' lead bailout negotiator in talks that halted last month before Tsipras called for yesterday's referendum . Tsakalotos... More »

The Next 2 Days Are Crucial for Greece

Finance chief quits with pride

(Newser) - Greece delivered a resounding "no" to creditors' demands for tough austerity measures in return for continued bailout aid—and while the development is being widely described as huge, nobody is sure exactly what it will mean for the country, or for the European Union. But with the country's... More »

With Polls Closed, Greece Projects a 'No'

Results in closely divided country indicate 60% voted against bailout terms

(Newser) - The birthplace of democracy is projecting that one of the most important and divisive referendums it has faced in its history will result in a rejection of creditors' term, reports the AP . With about one in four votes tallied, Greece's interior ministry projected that some 60% of voters had... More »

Greece Leader Asks People to Reject 'Blackmail'

Polls are dead even ahead of vote with massive implications

(Newser) - Greece's top court has declared that Sunday's referendum on a bailout is constitutional, meaning the vote with huge implications for all of Europe will proceed. The latest polls show a dead heat, reports AP , as leaders on both sides try to rally support—especially Prime Minister Alexis Tsipras,... More »

Late-Night Letter Doesn't Solve Greece's Woes

European officials saying no deal until Sunday's vote

(Newser) - Greece's government appeared to be caving a bit, by way of a two-page letter sent from Prime Minister Alexis Tsipras last night to the country's three major creditors: the IMF, European Commission, and European Central Bank. Tsipras' letter said his government was prepared to accept creditors' proposals, subject... More »

What Greece Is Saying Today: 'Oxi'

That's 'no' to the question of whether it'll pay the IMF today

(Newser) - "Oxi" is Greek for "no," and it's a word coming from Greek Finance Minister Yanis Varoufakis' mouth today. He confirmed that, no, Greece would not be paying the $1.8 billion it owes to the IMF today. His comment comes amid speculation that Greek Prime Minister... More »

Radical Lefties Win Greek Elections

Anti-bailout party Syriza cruises to win in parliamentary vote

(Newser) - A Greek state TV exit poll is projecting that anti-bailout party Syriza has won today's parliamentary elections—in a historic first for a radical left wing party in Greece. But it's unclear whether Syriza has won a decisive enough victory over Prime Minister Antonis Samaras' incumbent conservatives to... More »

Pro-Bailout Party Wins Greek Election

New Democracy leader Antonis Samaras: Greeks chose 'European path'

(Newser) - Fears of an imminent Greek exit from Europe's joint currency receded today after the conservative New Democracy came first in critical elections and pro-bailout parties won enough Parliamentary seats to form a joint government. As central banks stood ready to intervene in case of financial turmoil, Greece held its... More »

Stakes Critical as Greeks Vote

Europe watches, worries about exit from eurozone

(Newser) - Greece is voting today amid global fears that victory by parties that have vowed to ditch bailouts and austerity measures could undermine the eurozone and send the world's major economies reeling. For Greeks, it is the second national election in six weeks, reflecting political turmoil sparked by a two-year... More »

Greek Euro Exit May Cost $1T

Tsipras tells Germany to stop demanding austerity

(Newser) - Europe has hundreds of billions of reasons to try to keep Greece from unceremoniously ditching the eurozone. If Greece leaves, the rest of Europe would face catastrophic losses, Reuters reports. Greece would default on the roughly $250 billion in debt held by the ECB, IMF, and other eurozone nations, and... More »

Clock Ticking, Greek Far Left Says No Coalition

Refusal means new elections, more uncertainty likely

(Newser) - Greek radical left leader Alexis Tsipras says he will not join or support a pro-bailout coalition government, saying he cannot agree to what he terms a mistake. His continued refusal makes new elections in the crisis-struck country more likely. Tsipras made the comments today after attending a meeting convened by... More »

Radical Left Gets Shot at Running Greece

Eurozone exit more likely than ever after election revolt

(Newser) - Irate Greek voters may have shoved their country out of the eurozone for good in Sunday's election , by crippling the mainstream parties that voted for the country's bailout. The head of the Conservative New Democracy Party gave up trying to form a ruling coalition within hours yesterday, the... More »

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