Wednesday July 15, 2020

Everyone has a stake in Greece’s debt showdown

Greece’s new government is facing a battle with Europe – and Ireland is siding with the latter

1st February, 2015
Greece's new finance minister, Yanis Varoufakis, speaks as his predecessor Gikas Hardouvelis looks on, during a ministerial hand-over ceremony last Wednesday in AthensGetty

They didn’t hang around. On their first day in office, Syriza ministers in the new Greek government cancelled the privatisation of the ports and energy companies, promised to give their jobs back to about 15,000 public sector workers made redundant in recent years and announced a series of increases in the minimum wage and old age pensions – costing an estimated €12 billion.

While the media concentrated on the visit by new prime minister...

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