Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Greek PM hastens Russia visit amid cash crunch
ATHENS, Greece — NewGreek President ProkopisPavlopoulos (left) arrives atparliament for his swearing-inceremony next to GreekPrime Minister Alexis Tsiprasin Athens on March 13(PHOTO: AFP)
Business
March 16, 2015

Greek PM hastens Russia visit amid cash crunch

ATHENS, Greece (AFP) — Greek Prime Minister Alexis Tsipras unveiled Tuesday a surprise trip to Russia but also sought talks with European leaders to break a deadlock over reforms that has revived default fears.

The radical Greek government said Tsipras, who was already scheduled to visit Russia in May for its annual Victory Day parade, would now also travel to Moscow on April 8 to see Russian President Vladimir Putin.

“The prime minister will visit the Kremlin following an invitation from Russian President Vladimir Putin,” a government source said without giving reasons for the change of date.

Tsipras, a former Communist, has made no secret of seeking closer ties to Russia at a time when Moscow is at loggerheads with the European Union over the conflict in Ukraine.

A number of Greek officials have openly broached the prospect of Athens turning to Russia or China for financial assistance if loan talks with the EU end in failure.

The prospect of NATO member Greece moving into the Russian orbit is alarming to some in Brussels, including European Council chief Donald Tusk.

“Can you imagine Europe without Greece,” the former Polish PM said in an interview with six European dailies this week.

“The consequences for Europe would not only be financial, the results would be the most dramatic chapter in all the history of the European Union,” he said.

Greek daily Ta Nea said the Moscow visit was linked to the cash crunch Athens is facing because it has not received the funds remaining in its 240-billion-euro (US$255-billion) EU-IMF rescue package as Brussels has demanded to approve first Greece’s revised reform plan.

Athens “sought to bring forward” the meeting with Putin owing to “stifling economic conditions caused in the country from the European side,” the daily said on Tuesday.

Upon taking office in January, Tsipras immediately set about trying to renegotiate Greece’s hugely unpopular EU-IMF bailout, while at the same time courting Russia.

Days after he came to power, Greece protested against a European Union statement threatening further sanctions against Russia over the crisis in Ukraine.

The new foreign minister Nikos Kotzias later said that the EU should avoid “spasmodic” moves against Russia.

Embargo exemption

According to local media reports, Athens is seeking an exemption for Greek agricultural products from a retaliatory Russian embargo imposed on EU goods last year.

Greece is still locked in discussions with its European and international creditors about its planned reforms, and Tsipras on Monday said he was confident that a European summit later this week would provide a breakthrough.

Tsipras is also hoping that his first visit as prime minister to Berlin next Monday for talks with German Chancellor Angela Merkel will help Athens’ cause, and calm an ongoing war of words between Greek and German officials.

On Tuesday, Athens said Tsipras has also asked to meet other key actors in the Greek crisis — French President Francois Hollande, EU Commission chief Jean-Claude Juncker and European Central Bank president Mario Draghi — on the sidelines of the EU summit which opens Thursday.

Athens has been scrambling to raise 6.0 billion euros this month for debt repayments, but it has made little progress on persuading the European Central Bank to allow Greek banks to help out by purchasing more state debt.

The ECB is also holding back on 1.9 billion euros in Greek bond profits, until Athens reaches a reform deal with its international creditors.

The debt-wracked country managed on Monday to scrape together over 500 million euros to repay the International Monetary Fund. But it faces another debt deadline Friday when it has to pay over 300 million euros to the IMF, and redeem 1.6 billion euros in treasury bills.

To meet the payments, Athens will auction 1.0 billion euros in three-month treasury bills on Wednesday.

Greece’s staunchest critic, German Finance Minister Wolfgang Schaeuble, warned last week that an unintended and disorderly Greek euro exit or “Grexident” — playing on the popular term “Grexit” for a Greek exit from the euro and an accident — could not be excluded.

ATHENS, Greece — Atourist jumps in frontof the ancientParthenon temple atthe Acropolis hill, inAthens. (PHOTO: AFP)

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Cuba denounces ‘infiltration’ by armed group in speedboat from US
Latest News, Regional
Cuba denounces ‘infiltration’ by armed group in speedboat from US
February 25, 2026
HAVANA, Cuba (AFP) — Cuba said it thwarted gunmen trying to infiltrate from the United States as its coastguard fired Wednesday on a Florida-registere...
{"jamaica-observer":"Jamaica Observer"}
Jamaica beat TCI 7-0 in U20 qualifiers
Latest News, Sports
Jamaica beat TCI 7-0 in U20 qualifiers
February 25, 2026
KINGSTON, Jamaica —  Raequan Campbell-Dennis  scored a first-half double and Giovani Taylor came off the bench to score two more in the second half to...
{"jamaica-observer":"Jamaica Observer"}
Hurricane Melissa now tied for strongest Atlantic hurricane following new report
Latest News, News
Hurricane Melissa now tied for strongest Atlantic hurricane following new report
February 25, 2026
A new report by the National Hurricane Center (NHC) in the United States (US) has confirmed that Hurricane Melissa, which affected Jamaica on October ...
{"jamaica-observer":"Jamaica Observer", "breaking-news":"Push Notifications"}
Digicel Foundation donates US$80,000 smart lab to Church Teachers’ College
Latest News, News
Digicel Foundation donates US$80,000 smart lab to Church Teachers’ College
February 25, 2026
KINGSTON, Jamaica — The Digicel Foundation has handed over a US$80,000 Smart Lab to Church Teachers’ College in Mandeville, Manchester, as part of eff...
{"jamaica-observer":"Jamaica Observer"}
Jamaica makes three changes to U-20 starting team against TCI
Latest News, Sports
Jamaica makes three changes to U-20 starting team against TCI
February 25, 2026
KINGSTON, Jamaica —  Jamaica has made three changes to the starting team to face Turks and Caicos Islands (TCI) in their  Concacaf U-20 Qualifiers - R...
{"jamaica-observer":"Jamaica Observer"}
Mt Pleasant avenge Harbour View loss in 4-1 JPL win
Latest News, Sports
Mt Pleasant avenge Harbour View loss in 4-1 JPL win
February 25, 2026
KINGSTON, Jamaica — Former champions Mt Pleasant FA avenged their surprise loss to Harbour View a week ago, hammering the east Kingston club 4-1 in th...
{"jamaica-observer":"Jamaica Observer"}
BOJ to launch finance-based game for children
Latest News, News
BOJ to launch finance-based game for children
February 25, 2026
KINGSTON, Jamaica — The Bank of Jamaica will launch an online financial educational game in April, targeting students in grades four to six at the pri...
{"jamaica-observer":"Jamaica Observer"}
Over $330m disbursed in Hanover under MLSS ROOFS programme
Latest News, News
Over $330m disbursed in Hanover under MLSS ROOFS programme
February 25, 2026
HANOVER, Jamaica — Grants worth $334.2 million have been disbursed to households in Hanover under the Restoration of Owner or Occupant Family Shelters...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct