Tuesday , September 19 2017
Home / 2015 / June

Monthly Archives: June 2015

Referendum: Creditors hide in ATMs to scaremonger Greeks

Referendum YES-supporters will meet Tuesday evening at Syntagma Square outside the Greek Parliament, after NO-supporters organized a huge protest on Monday evening. YES-supporters are backed by opposition parties like New Democracy and a lot of mainstream media journalists. And not only! Some Greeks had a very unpleasant experience Tuesday morning …

Read More »

Varoufakis threatens top EU court action to block Grexit

Finance Minister Yanis Varoufakis threatened that Greece can take the EU and the Eurozone (?) to European Court of Justice in order to block a Greek exit from the euro area. “They cannot drive us away from the eurozone,” Varoufakis told UK’s Telegraph.   The Finance Minister said that the …

Read More »

S&P downgrades Greece to CCC-, warns of Default and Grexit

Credit ratings agency Standard & Poor’s downgraded Greece from CCC to CCC- and “negative outlook.” Further it warned of Default in 6 Months and put Grexit rates at 50%. S&P downgrade comes the day Athens imposed capital controls and a week-long bank holiday. “We interpret Greece’s decision to hold a …

Read More »

PM Tsipras’ speech on Eurogroup decision & Capital Controls

Below is the full statement by Greek Prime Minister Alexis Tsipras on Sunday evening, after the Greek Systemic Stability Council proposed to impose Capital controls and banks closure as of tomorrow, Monday, June 29th 2015, for at least 6 working days. Prime Minister Alexis Tsipras’ statement on the latest developments …

Read More »

Lagarde claims “Greek Referendum will be legally invalid”

IMF’s Managing Director Christine Lagarde finally found the needed strength to express her view on Greece’s Referendum. Speaking to BBC, Lagarde said that next Sunday (July 5th) referendum will not be valid as the creditors’ proposal and program end on June 30th. “I can’t speak for the IMF program, because …

Read More »

Greek Parliament approves Referendum with 178 YES

Greek Parliament approved with votes the government proposal for Referendum on Creditors’ proposal on July 5th 2015. YES voted: SYRIZA, INDEPENDENT GREEKS, GOLDEN DAWN. NO voted: NEW DEMOCRACY, PASOK, TO POTAMI, KKE. The Referendum Question The roll call voting started at 2 a.m. Sunday, after a heated debate that lasted …

Read More »

Eurogroup statement: “Show” goes on without Greece

The Eurogroup ministers met and rejected Greece’s request for a month extension of the program. Then Jeroen Dijsselbloem decided to hold a further EG meeting thus excluding Greece. The FinMins are supposed to decide what to do on a Plan B, Plan C or whatever or as Dijsselbloem said “in …

Read More »