Eurosphere agenda: As Greece misses IMF payment deadline, Thousands join crowdfunding campaign to fund bailout…

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Greece crisis: thousands join crowdfunding campaign to fund bailout

independent.co.uk – Jun 30 – Thousands of people have contributed to a crowdfunding campaign to fund the Greek bailout. The campaign, which was started by Thom Feeney, promises contributors rewards such as a ‘Postcard of Alex (sic) Tsipras’, ‘Greek Feta and Olive

Greece misses IMF payment deadline

BBC News | Europe | World Edition

Greece misses a deadline for a €1.5bn (£1.1bn) payment to the International Monetary Fund, as eurozone ministers refuse to extend its bailout.

The best Internet memes about Greece‘s financial meltdown

European Union leaders may be struggling to reach an agreement that prevents Greece from having a total financial implosion that could unsettle other markets But don’t worry, the Internet, as always, has a solution: crowdfunding. Thom Feeney, an enterprising individual from the UK, launched a crowdfunding campaign called the Greek Bailout Fund on Indiegogo this weekend. “Decided to solve the Greek Debt Crisis via crowdfund,” Feeney boldly declared in a tweet for

Mashable! / by Seth Fiegerman /

Greece‘s gorgeous street art shows anger about bailouts

Greece is facing a historical disaster: after five years of struggling to stay afloat, including three bailouts, the country is now ready to default on its debt to the International Monetary Fund. If Greece can’t pay back its bailout, it will be the largest country in history to default. As the government is unwilling to make spending cuts in order to secure a bailout and everyone rushes to ATMs t

 Mashable! / by Dustin Drankoski /

Leaked: Tsipras letter concedes on many major points

 Brussels Blog by Peter Spiegel

Demonstrators backing a “yes” vote in Sunday’s referendum in front of the Greek parliament

Greece leaves some grandparents without money as crisis intensifies

Greece said it would not meet a crucial deadline to pay back its bailout money on Tuesday, throwing the country into even deeper confusion at the worst possible time as retiree pensions and rent payments come due A Greek official reportedly confirmed to the Wall Street Journal that Greece will default on a $1.8 billion payment to the International Monetary Fund. Greece has very low cash reserves a

 Mashable! / by Heidi Moore /

Greece defaults on IMF loan, referendum hangs in doubt

EurActiv.com

Greece’s last-minute overtures to international creditors for financial aid yesterday (30 June) were not enough to save it from becoming the first developed economy to default on a loan with the International Monetary Fund. The situation remains so uncertain that even the Sunday referendum, on whether to accept the aid, hangs in doubt.

Greece to lose €16.3 billion at midnight

Assuming that there is no last-minute deal between Athens and its creditors,Greece will lose €16.3 billion of financing at midnight Washington time today (30 June), EU officials told the press in Brussels. As the chance of a last-minute deal to save Greece from default becomes ever more elusive, EU officials provided ample details about the stakes. Greece, which has received nearly €240 billion in two bailouts from the EU and International Monetary Fund since 2010, is set

EurActiv.com /

Europe’s big guns play Greek domestic politics as Greferendum draws near

Europe’s big guns play Greek domestic politics as Greferendum draws nearWith Greece’s bailout programme due to expire today, and an 11th hour request by Greek PM Tsipras for a third bailout package immediately shot down by Merkel, the referendum on Sunday will be a decisive moment forGreece’s future in the Eurozone. Maligned by the Tsipras government, Europe’s power-players are now taking their pleas directly to the Greek people – in a series of rather extraordinary inter

Open Europe blog / by Nina Schick

What Greece’s crisis will mean for the world economy

Greece is a mess. The banks are shut; withdrawals from ATMs are strictly limited. A referendum will determine whether Greece accepts tough conditions for receiving further financial aid. It looks (and is) grim. Global stock markets are rattled. But don’t be fooled. Whatever happens to Greece, the fallout for the rest of Europe and the world economy will probably be modest. It’s conceivable that th

 washingtonpost.com – Op-Ed Columns / by Robert J. Samuels

Europe’s Attack on Greek Democracy

…urope might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics. Of course, the economics behind the program that the “troika” (the European Commission, the European Central Bank, and the International Monetary Fund) foisted on Greece

 Project Syndicate / by Joseph E. Stiglit… /

The symbolism of NO in Greece

…y be easier than getting them to vote YES.  Spectators watch an Ohi day parade in Thessaloniki, Greece. Demotix/Craig Wherlock. All rights reserved.In Pablo Larraín’s film No, about the 1988 Chilean referendum which asked whether General Pinochet should stay in power for another eight years or step down to allow for free elections, the central character – an advertising executive for the NO side – is faced with a conundrum: How does he turn the word ‘NO’ into something positive? Surely, it’s

open Democracy News Analysis – / by Alex Sakalis /

Pro-Syriza Socialists criticise French government’s cautious stance

France’s Socialists want to keep Greece in the fold, but the party’s left wing believes the government is not doing enough to avoid Grexit. EurActiv France reports

EurActiv.com /

Greferendum – once upon a time in Europe democracy broke out

…its electoral mandate. It is difficult to exaggerate the radical nature of the coming referendum in Greece. In January 2015 the Syriza Party platform committed to ending austerity and remaining in the euro zone.  Now in July it faces the black and white choice of more austerity or Grexit. The Syriza government has not mocked democratic principle by invoking the cliché that “circumstances have changed” to justify doing what it promised never to do. Rather, it asks those who will be most affecte

 open Democracy News Analysis – / by John Weeks /

Greek prime minister rants about ‘blackmail’ with surprising intensity

Maybe he’s trying to raise his Klout score? Greece‘s prime minister Alexis Tsipras took to Twitter to express his frustration on the European Commission, the International Monetary Fund, and the European Central Bank denying an extension to the bailout money scheduled to run out on Tuesday, and his hopes for a no vote on the upcoming July 5 snap referendum on the eurozone bailout. Holding nothing back — Tsipras called the negotiations with

Mashable! / by Samantha Cooney

Greece and Iceland, controls and controls

Now that Greece has controls on outtake from banks, capital controls, many commentators are comparing Greece to Iceland. There is little to compare regarding the nature of capital controls in these two countries. The controls are different in every respect except in the name. Iceland had, what I would call, real capital controls – Greece has control on outtake from banks. With the names changed, the differ

 A Fistful Of Euros » A Fistful Of Euros / by Sigrún Davíðsdótt… /

Why I will be voting NO in Sunday’s Greek referendum

…Facebook and following us on Twitter @oD_EuropeSideboxes Related stories:  The symbolism of NO in Greece Country or region:  Greece Rights:  CC by NC 4.0

 open Democracy News Analysis – / by Antonis Vradis /

EU chief feels ‘betrayed’ by Greece

The European Commission chief, Jean-Claude Juncker, attacks the Greek government, saying he feels “betrayed” by “egotism” and “populism” in the failed debt talks.

BBC News | Europe | World Edition /

VIDEO: Greece debt crisis in 90 seconds

The BBC’s Ben Bland with a guide to the key numbers and issues in the Greek debt crisis.

 BBC News | Europe | World Edition

ECB faces monumental decisions on Greece

ECB and Eurozone face monumental decisions on Greec

 BBC News | Europe | World Edition

What will shock Greek referendum mean for the Eurozone andGreece?

What will shock Greek referendum mean for the Eurozone and Greece?In a shock move, Greek Prime Minister Alexis Tsipras late last night announced a referendum on 5 July on whether to accept a deal with Greece’s creditors. Open Europe’s Raoul Ruparel lays out what this might mean for Greece and Europe.The post What will shock Greek referendum mean for the Eurozone and Greece? appeared first on Open Europe

 Open Europe blog / by Raoul Ruparel

Tsipras: ‘Greece is part of Europe’

…nternational creditors, not on a Grexit, said Alexis Tsipras, late Friday night (26 June). EurActiv Greece reports. The premier said an emergency session of Parliament would be called to ratify the decision and ruled out any scenario of a “in or out” referendum later today. No Grexit referendu

 EurActiv.com / by editors@euractiv…. / 3d

Why is Greek aid now €15.3bn instead of €7.2bn?

…hasn’t changed. On Friday, there was a bit of buzz that creditors had tabled a new €15.3bn offer to Greece to extend the current bailout through the end of November. But in reality, there was nothing new to it at all. It is essentially all the money left in the bailout, which was presented to Athens in a more fully articulated two-page memo. Brussels Blog got its hand on the memo, and we’ve posted it here (apologies for its slightly rumpled appearance…I put it in the wrong pocket of my briefcase

Brussels Blog / by Peter Spiegel /

Le Pen and Juncker clash at Parliament leaders’ meeting

 EurActiv.com

The leader of the National Front participated in her first Conference of the Presidents of the European Parliament this Monday (29 June). The meeting was marked by a heated exchange between Marine Le Pen and Juncker. EurActiv France reports.

Priorities of the people: an interview with Iceland’s Citizens Foundation

open Democracy News Analysis – by Phil England

Phil England interviews Gunnar Grimsson and Robert Bjarnson of the Citizens Foundation, pioneers of an open-source software platform, Your Priorities, which allows citizens to develop ideas to improve their areas and take more control of public spending.

Why I will be voting YES in Sunday’s Greek referendum

open Democracy News Analysis – by Spyros A. Sofos

I would vote yes as I do not want my objections to the way the crisis has been managed at home and in Brussels to be usurped by politicians that dream that they can give the Union a bloody nose by destroying the Eurozone.

Commission publishes offer to Greece, Juncker to speak out

 EurActiv.com

In an unusual move that underlined frustration with the Greek government, the European Commission published on Sunday (28 June) what it said were the last proposals creditors made to Athens before Greece broke off funding talks. Commission President Jean-Claude Juncker will speak to the press today at noon.

 

Europe as a republic: the story of Europe in the twenty first century

open Democracy News Analysis – by Ulrike Guerot

We all are Europe! Europe is now almost completely integrated in terms of economic and monetary policy. European integration is thus yesterday’s word; tomorrow’s is European democracy. Deutsch. (8,907 words)

This text is an adopted version of my speech at the German fashion lifestyle & web community conference RE:PUBLICA, on May 6, 2015 in Berlin. The speech comes together with a series of images and charts and cannot be understood without. To get the spirit of the presentation in German, there is a YouTube video clip which isavailable here. 

Europe: a new version is available

open Democracy News Analysis – by Benjamin Zeeb, Nora Rathje, Daphne Büllesbach, Jonathan Buhl and Victoria Kupsch

We are outraged. We see Europe falling apart in front of our very eyes. Europe is in dire need of radical change in social, financial and energy policies and more. Join us.

 

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