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8
Apr

IMF made a €2.5billion profit from loans to Greece

Posted by in Economy

Nice profit. With an interest rate of 3.6% the International Monetary Fund has made a 2.5 billion euro profit from the loans to Greece since 2010. Of curse, nobody lends money without profit, right? How much more when the majority of the IMF bailout goes to save banks and is […]

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8
Apr

All eyes on PM Tsipras in Moscow; EU, USA fear Greece might asks Putin for a bailout

Posted by in Politics

All eyes are on Greek Prime Minister Alexis Tsipras visiting Moscow, holding talks with Russian President Vladimir Putin. The BBC had a live stream when Tsipras laid a wreath at the Monument of the Unknown Soldier in the Red square  Just like the UK-broadcaster  would if the Pope or President […]

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7
Apr

German Vice-Chancellor Gabriel (SPD) calls “stupid” Greece’s WWII reparations of €278.7billion

Posted by in Politics

Germany’s economy minister, Merkel’s vice chancellor and leader of Social Democrats (SPD) Sigmar Gabriel branded Greece’s demand for 278.7 billion euros in reparations from World War Two as “stupid“, Reuters report on Tuesday. Gabriel’s diplomatic reaction comes a day after Greek deputy Finance Minister Dimitris Mardas said that Germany had […]

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7
Apr

Greek FinMin: Lagarde to show “utmost flexibility”, Obama administration to play “honest broker”

Posted by in Economy

Greek Finance Ministry felt the need to inform about the content of the talks Minister Yanis Varoufakis had with IMF’s managing director Christine Lagarde and officials of the US-Administration on Sunday and Monday in Washington. It is not common that the ministry issues a long press release on content of […]

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7
Apr

EU studies Spain, Italy, Greece & Portugal over banks’ potentially illegal deferred tax assets

Posted by in Economy

European Union regulators are scrutinising four EU countries’ treatment of banks’ deferred tax assets (DTAs) to see if they constitute potentially illegal state aid, the European Commission said on Tuesday. The EU executive said it had contacted authorities in Spain, Italy, Portugal and Greece following requests from some lawmakers in […]

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7
Apr

Fairy tales with dragons: Greece had growth but with new government back to recession

Posted by in Economy

Greece had growth. Back in 2014. Everything was fine with the creditors, the unemployment was just 25% – from 27% the year before – the state was paying its suppliers and outstanding debts, consumers were spending money like there was no tomorrow and in addition there was also a primary […]

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7
Apr

Church of Greece requests the withdrawal of shoes

Posted by in Very Mix

I would never thought that the Holy Synod of the Church of Greece would care about …shoes. But this is exactly what happened! Because a shoe-manufacturer brought to the market shoes bearing the symbol of the Holy Cross on their soles. In a statement the Holy Synod of the Church […]

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7
Apr

Hey, Grexit-Junkies! You can buy your Drachma-Fix here!

Posted by in Economy, Very Mix

Are you a Grexit-Junkie? Do you get cold turkey seeing your Drachma-fix  being timely moving away? Do you get headache, nausea, night sweats, fever, hallucinations, increased anxiety, confusion and irritability every time a Eurogroup meeting ends up in agreement with Greece? I got news for you! A medicine without prescription […]

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7
Apr

Greek Parliament approves setting up committee to investigate bailouts and PSI

Posted by in Politics

Greek lawmakers voted on Tuesday in favor of setting up a committee to examine the circumstances under which Greece agreed to bailouts totaling 240 billion euros with the European Union and the International Monetary Fund. The proposal was approved with 156 of the 250 lawmakers present voting in favor, 72 […]

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6
Apr

Greece’s Easter: Atheist Union slams expense of flying in the “Holy Light” from Jerusalem

Posted by in Very Mix

The Greek Atheists’ Union slams the expense of flying the “Holy Light” from Jerusalem to Athens at Easter. In a letter to all ministers in charge – finance, foreign, defense and religion – the Union questions the necessity to bring the Holy Light to Greece at a time of economic […]

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