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31
Jul

Lagarde-List: Prosecutor summons ex PM Samaras’ aide over alleged €5.5million on HSCB bank

Posted by in Politics

“I wish we had ten Papastavrou!” It was former Prime Minister Antonis Samaras who had praised the morals of his close aide Stavros Papastravou, a lawyer consultant at the Prime Ministry, during a speech in the Greek Parliament. Now, one of the ‘ten’ the real Stavros Papastavrou has been summoned […]





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31
Jul

Athens Stocks Exchange to reopen Monday, August 3rd

Posted by in Economy

Short after  3 pm on Friday, the Bank of Greece and the Hellenic Capital Market Commission sent their recommendations for the reopening of the Athens stock Exchange to the Finance ministry. Euclid Tsakalotos is expected to sign today the relevant decree so that investors in Greece and abroad are analytically […]





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31
Jul

PM Tsipras: I ordered Varoufakis to prepare a contingency plan

Posted by in Economy

Prime Minister Alexis Tsipras gave full coverage to former Finance Minister Yanis Varoufakis and said that he ordered the ex FinMin to work out an emergency  contingency plan but not a Grexit plan. Speaking to the Greek Parliament after a question posed by PASOK leader Fofi Gennimatas, Tsipras said among […]





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30
Jul

Velculescu in Athens, but IMF insists: No funding for 3. bailout without debt relief

Posted by in Economy

Delia Velculescu, the new representative of International Monetary Fund in Greece, arrived in Athens Thursday afternoon with her luggage full of austerity measures: cuts in main and supplementary pensions, cuts in civil servants’ wages, ‘cuts’ in early retirement. Velculescu will start her meetings with Greece’s financial ministry team to whom […]





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28
Jul

Troikan trapped in elevator – Rescued by Greek Fire-brigades (video)

Posted by in Very Mix

A member of the Troika’s “technical teams” – a legionnaire – was trapped together with his assistant in the elevator of the State General Accounting Office. The troikans had visited the SGAO in order to start inspections on the state of the Greek economy and the banks. The elevator could […]





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28
Jul

Athens Stock Exchange to reopen: ‘temporary restrictions’ for locals, ‘no restrictions’ for foreigners (details)

Posted by in Economy

The European Central Bank gave the green light for the Athens Stock Exchange to reopen after one-month shutdown. According to Greek and foreign media, the ASE will open with temporary trading restrictions for local investors, while foreign investors will trade freely and will not envisage restrictions of capital controls (capital […]





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28
Jul

Varoufakis’ Gate: the Parliament will decide if to indict him or not

Posted by in Politics

The major of Stylida city and a lawyer filed lawsuits against former Finance Minister Yanis Varoufakis. The two blame the ex FinMin for “actions that led to economic measures” and “high treason”. A third complaint has been filed for the “hacking of taxpayers’ registration numbers (AFMs). A fourth lawsuit has been […]





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28
Jul

Creditors’ new combo “The Troika Four” started inspections in Athens

Posted by in Economy

I have been wondering whether the new Troika which is a Quartet should be called “The Creditors’ Quartet” or “The Troika Four” or just “Greece’s creditors”. The new combo of representatives from European Commission, International Monetary Fund, European Central Bank and European Stability Mechanism definitely news a new short description, […]





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27
Jul

Heat wave to hit Greece with 39°-41° C in the shadow

Posted by in weather

One does not need the weather forecast to be aware that a heat wave is on the way. Athenians woke up on Monday in a “boiling” atmosphere with high humidity levels and the air full of dangerous smog-particles. After weeks of north winds sweeping away the summer heat, the time […]





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27
Jul

Audio uploaded: Varoufakis’ Plan B and “parallel banking system within the eurozone”

Posted by in Politics

The controversial audio excerpt from the conference call between former Finance Minister, Yanis Varoufakis with international hedge funds representatives has been uploaded on internet. In the audio Varoufakis speaks of his Plan B project that contains among others also “hacking taxpayers’ registration numbers” and the creation of a “parallel banking […]





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27
Jul

Moody’s on Greek banks law: Big deposits of over €100K at risk of bail-in

Posted by in Economy

Greece’s new bank-failure law puts uninsured depositors at risk because it ranks them below state claims in an insolvency or resolution, Moody’s Investors Service said on Monday. The law is “credit negative” for bondholders and uninsured depositors because of the limits on using public funds for bank resolution and because […]





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26
Jul

Varoufakis’ Plan B: Hack FinMin’s software, introduce parallel banking system

Posted by in Politics

The first scenario that wanted ex Energy Minister Lafazanis to seize the Greece’s assets and arrest the governor of Bank of Greece did not thrill the public. Now a new scenario with much more suspense claims that former Finance Minister Yanis Varoufakis wanted to hack the Ministry’s software, hijack taxpayers’ […]





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25
Jul

Bailout talks in Athens: Greek Govt puzzled about where to hide 100 Troikans & Legionaries

Posted by in Economy

Greece has submitted an official request to the International Monetary Fund for a new loan as it seeks a huge third bailout from its creditors, the finance ministry said. “We would like to inform you that we are seeking a new loan facility from the International Monetary Fund,” Finance Minister […]





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23
Jul

Just an Italian Bluff: “Greek islands sold to Depp, Buffet & Co.”

Posted by in Very Mix

First it was Johnny Depp who had allegedly bought a Greek island for more than 4 million euro. Then it was glam couple Brat Pitt and Angelina Jolie who had an eye on another Greek island. A few days ago, it was billionaire Warren Buffett who had allegedly spent whole […]





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