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‘Strange bedfellows’ in Greece’s new anti-austerity government
By Madalena Araujo, CNN
Greece’s new anti-austerity government is made up of “strange bedfellows,” an expert in Greek politics told CNN’s Christiane Amanpour on Tuesday as the new Prime Minister Alex Tsipras formed a coalition with a right-wing party and unveiled a cabinet.
Kevin Featherstone, Professor of Contemporary Greek Studies at the London School of Economics said “the independent Greek party, which is the small coalition party with Syriza from the elections, is on record as being anti-Semitic, anti-immigrant; it is a far right nationalist party.”
“Why, then, has Syriza got into coalition with this party? It's perhaps a signal of the insistence of being anti-austerity. This is a party that above all is a fanatic about ending the austerity measures, ending the conditionality from Europe.”
Rebutting controversy, EU foreign policy chief says Europe is united on Russia
By Madalena Araujo, CNN
The EU will stand united in keeping up its pressure on Moscow, the EU Foreign Affairs Chief Federica Mogherini told CNN’s Christiane Amanpour on Wednesday.
“The main point that is surprising and probably also affecting the Russian leadership is our unity, the impossibility to divide us, and I count on us to stay united.”
Mogherini told Amanpour that while “it would be naive and probably stupid to say that there are no differences among Europeans,” they’ve “managed, over the last year, to keep united and take all our decisions by unanimity, because we know that our decisions are not linked to single member states' interests, but they are linked to a principle that we cannot accept the violation of international rules. This is the basic core principle of the European Union.”
Mogherini, who took up the lead role in November, came under fire this week after a paper she circulated was widely seen as a suggestion to ease sanctions on Russia.
Funding a bailout from your bank account?
CNN's Hala Gorani speaks with financial blogger Felix Salmon about the eurozone's latest crisis, in Cyprus.
Former Greek PM Papandreou: We expected more from Europe
It may surprise you, but the best-performing stock market in Europe in 2012 was Greece’s.
The Athens index rose 33%, outpacing even Germany’s DAX.
But the news is not symptomatic of Europe’s health as a whole, where the overall economy continues to contract.
And after so long underwater, the Greek market may just be making up for lost ground.
Greek officials now predict that the economy will start growing by October, as European support lends a measure of confidence to foreign and domestic investors.
So, is a Greek exit from the euro – a Grexit – finally off the table?
Judging by events unfolding there, not yet.
A nationwide strike on Wednesday shut down government services throughout the country. Roads and railways were bare as transportation came to a standstill.
Once again, the young took to the streets to do battle with police – some 60% of them remain without jobs.
Greece has the highest unemployment rate in Europe. The country owes more than it makes: the national debt is 161% of GDP.
The human factor is tragic: Suicides, and people losing their homes, unable to pay for food, or for heavily-taxed heating oil.
In the video above, former Greek Prime Minister George Papandreou speaks to CNN’s Christiane Amanpour about the early days of the country's economic crash and future of Greece in the eurozone.
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