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5
Jul

Referendum: Greek voters angry at media & creditors, scare-mongering campaign seems to backfire

Posted by in Politics

The family of a friend is divided: her husband and her two children, 20 and 21,  will vote “NO” in Sunday’s referendum, while she – a left-wing voter all through her voting life – was still undecided on early Saturday afternoon. “Hm… I don’t know yet, I despise the old […]





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5
Jul

Schaeuble threatens Referendum voters with “temporary euro exit” and “bank collapse”

Posted by in Economy

Creditors’ last attempt to scaremonger Greece’s voters before the Referendum. German Finance Minister Wolfgang Schaeuble and his happily-waving-tail tabloid BILD joined forces to influence Referendum voters. In his interview, Schaeuble warns Greeks with a very vague plan of a “temporary exit from the eurozone” if NO wins. Saturday noon, the […]





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4
Jul

Euro ‘Allies’ tried to block IMF’s Greek Debt Report but US pushed it through

Posted by in Economy

Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece’s debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. As Reuters reports, publication of the draft Debt Sustainability Analysis […]





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4
Jul

EP Schulz threatens Greeks with Armageddon – Can we sue him for “moral damage” & “breach of public office”?

Posted by in Politics

“Without new money, salaries won’t be paid, the health system will stop functioning, the power network and public transport will break down and they won’t be able to import vital goods because nobody can pay” President of European Parliament Martin Schulz warned Greek voters one day before the crucial Referendum […]





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4
Jul

ND MP proposed to creditors “to reject Tsipras’ Reform List” & “impose capital controls”

Posted by in Politics

Do Greece’s creditors follow and apply advises proposed by conservative New Democracy? It is highly interesting that ND parliamentary group leader and former Health Minister Adonis Gerogriadis had already “advised” creditors to not adopt Tsipras’ plan and instead economically drain the country and impose capital controls. Georgiadis’ proposal came after […]





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4
Jul

EU’s Tusk: “Referendum not about being in EZ or not”, negotiations even with NO

Posted by in Economy

Should I assume that the EU official who called Greek government “gamblers” got touched by the queues outside the Greek banks and Greece’s seniors struggling to get 60 or 120 euro per day, per week, per month…? We here can not know. Anyway, among others European Council President Donald Tusk […]





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4
Jul

Greek Bank Union: “Tuesday’s Liquidity will determine withdrawals cap”, dismisses FT “30% deposits haircut”

Posted by in Economy

Sunday… Monday… Tuesday… Wednesday… Four very crucial days that will determine whether the average Greek will still be able to withdraw a couple of euro banknotes from the ATMs, whether the pensioner will be able to get hold of the whole of his July pension.  Whether the Greek banks will […]





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3
Jul

EFSF decides to “reserve its rights to act upon Greece’s default”

Posted by in Economy

The eurozone’s rescue fund, Greece’s largest creditor, said on Friday it reserved the right to call in 130.9 billion euros in debt ahead of schedule after Athens defaulted this week on an International Monetary Fund loan. The board of the European Financial Stability Facility decided to reserve its rights to […]





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3
Jul

Council of State rules Referendum is conform with Greece’s Constitutional Law

Posted by in Politics

Greece’s Council of State rejected the appeal submitted by two citizens seeking to cancel Sunday’s Referendum as “unconstitutional.” Greece’s top court decided to accept an appeal by 20 lawyers seeking to cancel the two citizens’ appeal. The layers had proven the constitutionality of the Referendum. The “two citizens submitted their […]





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3
Jul

Greek banks: liquidity apprx €1bn – ATMs “full over weekend”

Posted by in Economy

What has been rumored since the morning, takes a shape in the afternoon: that the cash reserves of Greek banks are shrinking. The rumor started when some pensioners could not withdraw €120 on Friday if they had withdrawn €60 via ATM the day before. The concern increased, when several debit […]





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3
Jul

PM Tsipras tells Greeks “IMF’s Debt Relief not in Creditors’ Proposal on Referendum question”

Posted by in Politics

In a short televised address to the nation, Prime Minister Alexis Tsipras explained to voters that the analysis of the International Monetary Fund for debt relief in not included in Creditors’ proposal the main question of Sunday’s referendum. And that the government was vindicated by the IMF report on the […]





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3
Jul

Bakery chain offers bread free of charge to pensioners, jobless

Posted by in Society

One of Greece’s biggest bakery chains announced it will offer bread free of charge to pensioners, poor, jobless and large families in an effort to help vulnerable society groups to cope with capital controls and bank holiday. According to an announcement by Venetis Bakery, the offer will be valid as […]





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3
Jul

Referendum: Council of State to rule over “constitutionality”, 3 rallies in downtown Athens

Posted by in Politics

Greece’s agenda on Friday: 1. at 12 noon the Council of State will convene to discuss the “constitutionality of the Referendum  after two citizens submitted an appeal. Ruling is expected later on the day, probably in the afternoon. 2. Three Referendum rallies in downtown Athens: YES outside the Ancient Olympic […]





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2
Jul

PM Tsipras comments on IMF’s analysis, confident on imminent agreement “if Referendum with strong NO”

Posted by in Economy, Politics

During a live interview with private ANT1 TV, Prime Minister Alexis Tsipras commented on tonight’s IMF analysis on Greek debt. “IMF says 30% Debt Relief, 20 years repayment, new finance package. IMF didn’t tell us so during negotiations.” He expressed confidence for an agreement even if the Referendum result is […]





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