Eurozone
Panicked Greeks Drain Cash From ATMs as Moment of Truth Nears in Debt Crisis
Prime Minister Alexis Tsipras announced Saturday that he will seek to put the final terms of a bailout offer as a referendum before the Greek people.
VICE News Capsule - Thursday, June 18
Kashmiri separatists order a strike in protest against a series of killings, the Greek central bank threatens to exit the Eurozone, peace talks resume between FARC and the Colombian government, and Egypt reopens the Sadat metro station at Tahrir Square.
The Dangers of the Grexit
Fears of a Greek loan default and withdrawal from the eurozone grew larger Thursday night as the International Monetary Fund pulled out of cash-for-fiscal reforms talks with Greece’s leadership.
Greek PM Says the Ball Is Now in Europe's Court as Time Runs Out to Avoid Default
If Greece and its international creditors cannot reach an agreement by Friday the country could default on its debt and be forced to leave the Euro currency bloc, throwing Europe into crisis.
Speakers Gather at Emergency Economic Summit in Athens as Greece Reaches Moment of Truth
Greece had to empty out an emergency bank account in order to pay its last IMF debt repayment. Now there really is no money left, but millions more euros have to be paid within weeks.
The Greek Prime Minister’s Meeting With Putin Sent a Message to the EU
Alexis Tsipras traveled to Moscow to meet with the Russian leader and deliver a message to the European Union, which has refused to renegotiate the bailout loans that continue to weigh on the struggling Greek economy.
Anger at Greece's Threat to Unleash Wave of Migrants and 'Jihadists' if Europe Leaves it in Crisis
Germany, which has led resistance to Greek demands at bailout negotiations, was singled out in the warning. Politicians and officials branded the threat unacceptable and racist.
Deadline Looms As Greece Haggles with Euro-Creditors Over Bailout Terms
"We have spent the last two weeks discussing who will meet who, where, and in what configuration," said Jeroen Dijsselbloem, leader of the Eurozone finance ministers. "There is no further time to lose."
Eurozone Agrees to Extend Greek Bailout, Sending Global Equity Markets Soaring
The announcement of a four month extension emboldened investors and temporarily eased fears of an impending Greek exit.
A Wind of Change in Europe? Greece Takes Anti-Austerity Fight to Brussels, but Deal Remains Elusive
The new Syriza government in Athens hopes its international creditors will compromise over its debt program, but finance ministers say agreement is a long way off.
Greeks Protest Against Austerity as Leaders Try to Negotiate With Creditors in Brussels
While a Eurogroup meeting in Brussels broke down without an agreement, people gathered peacefully in Athens to support their government's anti-austerity plan.
Greece Is Playing Economic Chicken With the Rest of Europe
Greek Prime Minister Alexis Tsipras has made it clear that he won't back down from reversing austerity measures, raising the possibility of a new Eurozone crisis.