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19
Feb

Greece’s extension request: Bridge-Agreement, financial stability & measures against tax evasion & corruption…

Posted by in Economy

Below are some details from the official request Greece sent to Eurogroup Thursday morning asking for a 6-month extension of the loan agreement signed between Greece and the European Financial Stability Fund (EFSF) from December 2012. The Greek side wants also a Bridge-Agreement of 6-months, measures to tackle the humanitarian […]

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19
Feb

ECB dismisses FAZ report on “capital controls in Greece”

Posted by in Economy

“The ECB Governing Council and the ECB banking supervisor would be more comfortable if there were capital controls to prevent the banks bleeding (money),” German arch-conservative daily Frankfurter Allgemeine Zeitung claimed Thursday citing an source from the European Central Bank. ECB’s concern was allegedly based on the ground of a […]

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19
Feb

UPD: Request for “6-month extension of loan agreement between Greece & EFSF”

Posted by in Economy

Greece sent its request about an extension of the loan agreement on Tuesday morning. Speaking to Skai TV, Labor Minister Panos Skourletis said that “the request refers to extension of the loan agreement” and not of the “current bailout program.” According to Greek media, the Greek request refers to a […]

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18
Feb

ECB extends liquidity for Greek banks, increases funds with extra €3.3bn

Posted by in Economy

Te European Central Bank has reportedly agreed  to give a two-week extension on Emergency Liquidity Assistance for Greek banks and to raise the emergency funding available to Greek banks to €68.3bn.. “The €3.3bn increase in the so-called Emergency Liquidity Assistance (ELA) is critical for Greece’s banks,” note the BBC, adding […]

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18
Feb

Presidential voting: Pavlopoulos elected with 233 votes

Posted by in Politics

Prokopis Pavlopoulos was elected to be Greece’s next President with 233 votes in the Parliament on Wednesday. Pavlopoulos, a retired politician from Nea Dimokratia, was nominated by SYRIZA-Independent Greeks coalition government and supported by ND. He succeeds Karolos Papoulias whose term ends on March 13th, 2015. The President of the […]

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18
Feb

Greek negotiations at crucial stage as Euro zone shows no sign of flexibility

Posted by in Economy

“Greek negotiations at the euro zone are at a crucial stage,” Prime Minister Alexis Tsipras said on Wednesday, as the country prepares a request to seek a 6-month extension of the loan agreement. Even before the requested was worked out, submitted or read, German Finance Minister Wolfgang Schaeuble rejected it. […]

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18
Feb

“Varoufakis’ file”: full list of Greek proposals at 2 Eurogroup meeting, Moscovici’s & Dijssebloem’s drafts

Posted by in Economy

Several eurozone finance ministers’ claimed after the Eurogroup meeting on Monday that Greece did not submit any specific proposals. In response to these claims, the Greek side published the s0-called Varoufakis’ file containing  the Finance Minister’s speeches in the two eurogroup meetings in February with Greece’s proposals as well as […]

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17
Feb

Greece to seek 6-month extension of loan agreement and other conditions

Posted by in Economy

Greece will submit a request to extend its loan agreement tomorrow Wednesday, Greek media reported citing government sources Tuesday evening. The Greek request to the eurogroup will be based on the “Eurogroup draft of February 11th”, note some media, while others claim that it will be based on the “negotiation […]

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17
Feb

PM Tsipras: Solution, no rift; Schaeuble should pity those with heads bowed

Posted by in Politics

Prime Minister Alexis Tsipras commented to several important issues like the broke down Eurogroup meeting on Monday and the several drafts submitted to Finance Minister Varoufakis, to German Finance Minister Wolfgang Schaeuble and to the first legislation his government is about to submit to Parliament with measures to relief indebted […]

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17
Feb

Greeks have two presidential candidates: Pavlopoulos & Alivizatos

Posted by in Politics

Nobody can claim, he has a dull moment in Greek politics. Hardly had Prime Minister Alexis Tsipras nominate the Presidential candidate on Tuesday afternoon, one of the opposition parties, To Potami announced its own favorite. In a parliament that did not manage to elect the President in December and took […]

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