Greek Prime Minister Alexis Tsipras appears to be aware of the seriousness of the situation and of the need to complete the current review and the recapitalization of the country’s banks as quickly as possible.
Let’s sing the praises of the Greeks. Not the ancient Greeks. That’s an open-door argument: Look what they did for democracy, philosophy, literature and so on. No, I mean modern Greeks, the ones who live in Greece today.
Greece is racing against time to recapitalise its banks. Capital must be injected by year-end, when euro zone rules on financial bailouts change. This is to avoid a haircut of uninsured depositors, which could cause the country to enter a new downward spiral.
Hundreds of migrants and refugees are sleeping rough on and around Victoria Square, in downtown Athens. More than 100,000 refugees and migrants entered Greece in August, according to data presented by the country's coast guard. The war in Syria and Europe's refugee crisis take center stage at the United Nations on Wednesday as world leaders work to overcome deep divisions over how to confront the turmoil.