Analysis - If Greece falls, no one wants their prints on the murder weapon - Monetary Policy - General - MQL5 programming forum

thenews 2015.08.21 08:46 #21

Greek New Democracy leader to meet parliament speaker at the top of the hour

Mr Meimarakis shortly starting the potential deal negotiationsAnd he's not the only one as Syriza break away party say they will seek mandate to form govt as third largest party in parliament

Meanwhile EU's Dijsselbloem says that Tispras has broken no bailout agreements by resigning and calling elections

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thenews 2015.08.24 08:55 #22

Greek bailout has knock-on effect for the Dutch government

The latest Greek bailout is causing a few cracks in the current Dutch government after 2012 election pledges not to help

The Dutch government's approval ratings have slipped after it supported Greece's latest bailout last wee, and just as it prepares for a crucial budget bill according to a poll released yesterday

The government, led by PM Mark Rutte's Liberals, is set for negotiations with several opposition parties whose support it needs to get a 2016 budget through the senate, where it does not have a majority.

Although failure to pass a budget would spell the end for Rutte's shaky government, a compromise is seen as the most likely outcome.

Pollster Maurice de Hond said that Rutte's credibility was damaged in last week's debate on the Greek bailout when he acknowledged he will break a pledge he made during 2012 elections that he would give "not one more cent" to Greece and hot involved in a slanging match with opposition leaders

Rutte's Liberals fell from first place in the weekly poll to fourth place behind populist politician Geert Wilders' Freedom Party, the Socialists, and the Christian Democrats, all of whom opposed the Greece bailout.

Not Tier 1 news per se but it does demonstrate the fall-out is not just confined to the Greek government.

source

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thenews 2015.08.26 20:06 #23

Tsipras softens stand on Greek debt relief before election

Outgoing Prime Minister Alexis Tsipras signaled on Wednesday he would accept an easing of Greece's huge debt burden if he wins elections expected next month without any of the write-offs he has long demanded.

Tsipras, who hopes to return to power with an absolute majority, told Alpha TV that he favored longer repayment periods and lower interest rates on the debt, now that Greece has secured a new 86 billion euro ($98 billion) bailout.

But in the interview, he made no mention of writing off any debt - a campaign promise when he was elected in January that Germany, the biggest contributor to Greece's three bailouts since 2010, opposes.

With his radical left Syriza party split over the latest bailout, Tsipras heaped praise on his finance minister, Euclid Tsakalotos, and rejected the possibility that his ally may not even run in the election.

President Prokopis Pavlopoulos is expected to call the election on Friday, probably for Sept. 20, an official at the presidency told Reuters. This follows Tsipras's resignation last week when he lost his parliamentary majority due to a rebellion in Syriza ranks over the bailout's demands.

With Greece facing financial collapse and an exit from the euro zone, Tsipras caved in to the zone and IMF earlier this month by accepting their demands for yet more austerity and painful economic reforms - the very policies he had promised to reverse when he won power.

Tsipras has long argued Greece cannot repay all its debt and needs part of it canceled to return to long-term economic growth after a depression, a view shared by many mainstream economists and possibly even the International Monetary Fund.

But on Wednesday he appeared to change tack on debt write-offs, raising only the scenario of "an elongation of maturities and a lowering of the interest rates".

"We will have what economists call fiscal space to repay the debt. This would be the first step for us to return to the markets and regain their trust, if of course simultaneously we have managed to return to positive rates of growth," he said.

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