Greece's socialist PASOK party joined the main opposition on Sunday (16 August) in saying it would not back Prime Minister Alexis Tsipras if he calls a confidence vote following a rebellion in the governing party over a new bailout deal.
Eurozone finance ministers agreed on Friday to lend Greece up to €86 billion in return for an unprecedented package of reforms that Athens had previously rejected and which has divided Prime Minister Alexis Tsipras and his party.
Eurozone finance ministers are set to meet this afternoon (14 August) to decide on a new bailout for Greece, after Greek lawmakers approved the third package since 2010 this morning following an all-night debate.
German Finance Minister Wolfgang Schäuble’s latest plans for a euro tax have solidified the prospect of a transfer union, says Eurosceptic Bernd Lucke in an interview with EurActiv Germany . The founder of the Eurosceptic Alternative for Germany (AfD) party, argues that all the “talk about a Grexit” is just a bluff.
If we are to believe the stock markets, all is well in Europe. But markets are in danger of underestimating looming perils such as populism, a Brexit, German dominance and weakening European power, writes Andy Langenkamp.
Former Greek Finance Minister Yanis Varoufakis denounced the July bailout agreed between prime minister Alexis Tsipras and the eurozone leaders as a “new Versailles Treaty”. Quincy Cloet asks if this is a fair comparison.
Schaeuble's recent ideas are not likely to fly, but the controversy over the role of the Commission is only a part of a bigger debate in Europe: the dispute over what the future European Union should look like, write Stratfor's analysts.
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