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Daily Archives: May 17, 2012

Troika Won’t Meet Greek Interim Gov’ – It’ll Wait Until New Government Formed

The representatives of  Greece’s lenders from the European Commission, the International Monetary Fund and the European Central Bank, the so-called “Troika” will not visit Athens and meet the Greek interim government. Instead, they will wait until a new government has been formed after the June-17 elections, IMF spokesman David Hawley said in Washington. “We …

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Greek Interim Government Members Refrain From Salaries

Greece’s new prime minister, Panagiotis Pikrammenos gave his mark to the caretaker government that expires at June 17th 2012, when fresh general elections will take place. “Few words, lots of work.” Pikrammenos told his ministers at their first cabinet meeting.  According to To Vima  newspaper, Pirkammenos reportedly said that the country’s problems cannot be …

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Guardian: Greek Euro Exit Would Cost 1 Trillion Euro

Thursday’s front page of British daily The Guardian is impressive. A huge number of  zeros lined up next to each other. An impossible eye-exercise for those suffering of astigmatism! How does one trillion euro look like? “Cost of Greek Euro Exit Put at 1 Trillion The British government is making urgent …

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German FinMin: European Commission Should be EU-Government. HA!

I could have never imagined, German Finance Minister Wolfgang Schaeuble had a sense of humour. Reality proves me wrong. Apparently he has. Then it must be a joke when he proposes that the European Commission develops into an EU government! And this when a growing number of Europeans criticize in deepest frustration the path …

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Tsipras to CNN “Austerity Will Send Us to Hell” (video)

“Austerity will send us directly to hell” That was the main message of Alexis Tsipras, leader of left-wing SYRIZA to an American and international audience. Speaking to CNN’s Christiane Amanpour, Tsipras used the chance also to address German Chancellor Angela Merkel openly accusing her of “having put the euro and …

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Greek Interim Cabinet Sworn in – 300 MPs for A Day…

Greece’s interim cabinet was sworn in in Athens on Thursday morning. The “lean”, 16-member cabinet headed by Prime Minister Panagiotis Pikrammenos will will lead the country to fresh elections, on June 17th 2012. Greece’s caretaker government  mainly consists of academic professors, technocrats, former ministers, a retired general and a career diplomat. No …

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