Tommy Lellos

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7 Things You Should Know About Yanis Varoufakis, Greece's Cool New Finance Minister

Anti-austerity party Syriza has swept into power in Greece, with leader Alexis Tsipras now leading a coalition government with the Independent Greeks.<p>…

Germany Deserved Debt Relief, Greece Doesn't

Syriza, Greece's new ruling party, makes an attractive argument for writing off Greek debt: Wasn't Germany, now the biggest opponent of debt relief, …

Europe

How Investors in the United States Should Think About the Events in Greece

Recent election results raise the possibility that Greece could leave the European Union. How should U.S. investors respond to this?<p>Faced with an …

Investing

Greek election ‘severe blow to Cameron’s hopes of EU treaty change’

Former Swedish PM Carl Bildt warns that appetite for treaty change in EU has diminished since Syriza won the Greek election<p>David Cameron’s hopes of achieving a “full-on” re-writing of the EU’s governing treaties have suffered a severe blow after the election of the Syriza-led government in Greece, …

Europe

Putin Is Loving What's Happening In Greece Right Now

The leftist Syriza coalition's victory in Sunday's Greek vote is spreading worries for some of further financial turmoil in Europe, and hope for others of an anti-austerity uprising.<p>But it also means the Russian president, who's become increasingly isolated on the world stage, thanks to Russia's …

EU Parliament President Warns Greece About Stance Towards Russia | GreekReporter.com

A few hours before arriving to Athens, President of the European Parliament Martin Schulz suggested to Greece not to deviate from the common European …

Europe

Greece objects to EU call for more Russia sanctions

Greece's new left-wing government signals further friction with European partners as it objects to EU call for further sanctions against Russia<p><b>Greece's</b> new government has raised a formal objection to an EU statement released on Tuesday condemning Russia's alleged involvement in the Ukraine crisis …

Greece's new government halts sale of Piraeus port

Greece's Prime Minister Alexis Tsipras has named a cabinet of anti-austerity veterans and halted privatisation of the country's biggest port, indicating he aims to stick to election pledges despite warnings from the eurozone and financial markets.<p>Greek markets endured a second day of turmoil on …

Europe

Greece election: Germany counts cost as Syriza take power

<b>"Greece elects a euro monster!" exclaimed tabloid newspaper Bild. "How many billions is this going to cost us?"</b><p>And that pretty much sums up the mood here in Germany. The government in Berlin must wait to hear what kind of concessions the new Greek government might seek but already its position is …

Europe

Greece Wants a Debt Break. What About Its Poorer Neighbors?

Alexis Tsipras’s first official act as Greece's new prime minister was to lay a small bouquet of roses at the site of a World War II memorial. It …

Three myths about Greece's enormous debt mountain

€317bn - it's the number that could determine whether Greece stays in the euro. But is the country's debt pile really unsustainable?<p>€317bn. Over 175pc of national output. That's the <b>enormous debt mountain</b> that faces the new Greek government. It is the issue over which the country is set to clash …

Greek PM: We will no longer submit to the EU

Greece's new leftist prime minister has said that his government's top priorities are negotiating with creditors to resolve the country's debt problems and that it would no longer blindly submit to the EU.<p>Alexis Tsipras said on Wednesday that he wanted a "viable, mutually beneficial solution" to …

Europe

Greece’s new young radicals sweep away age of austerity

From minimum wage to prescriptions, Alexis Tsipras is making good his promises to voters in startling fashion<p>One by one they were rolled back, blitzkrieg-style, mercilessly, ruthlessly, with rat-a-tat efficiency. First the barricades came down outside the Greek parliament. Then it was announced …

Europe

Obama to Greek leader: looks forward to returning Greece to prosperity

WASHINGTON (Reuters) - U.S. President Barack Obama congratulated Greek Prime Minister Alexis Tsipras on his election this week in a call on Tuesday …

Europe

Why the Eurozone May Need to Sacrifice Greece to Save Spain

Eurozone May Not Blink First in Confrontation With Greece<p>Alexis Tsipras has been prime minister of Greece for only 48 hours and has done little to back his claim of wanting to keep his country in the eurozone. With just weeks to secure a deal with Greece’s official lenders to prevent a financial …

Europe

If Elections Matter for Greece, Why Not for America?

Elections are supposed to have consequences. When countries establish electoral processes that are sufficiently free and functional to ascertain the …

Greece's New Finance Minister Insists That The Government Hasn't Tried To Veto Russia Sanctions

Before the election, Varoufakis was an active blogger, and he says he's going to keep trying to write. This is his short blog today.<p>Here's what he said:<p>On the first day in our ministries, the power of the media to distort hit me again. The world's press was full of reports on how the SYRIZA …