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Tag Archives: bank deposits

Dijsselbloem to Cyprus template: ” ehm …what I meant to say was…”

After the outrage and crash of the Euro and the stock markets, Jeroen #DieselBoom or “Flip Flop Boom” for internet users but  Dijsselblom to his EURO collueagues, realeased a  statement in an attempt to calm down the nerves of economists and savers. Statement by the Eurogroup President on Cyprus “Cyprus is a …

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Samaras, Venizelos, Kammenos: Greece’s richest politicians

Greek Parliament published on Tuesday the assets of 508 politicians for the financial year 2011 (2010). The so-called “πόθεν έσχες” (literally: whence did you acquire it?) contains the asset means of MPs and party leaders according to their declarations to tax offices. According to the πόθεν έσχες lists uploaded on the website …

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Hot Money Moves from Off-Shores in Cyrpus to Latvia

If the IMF, the EU and the ECB had thought to count thousand by thousand funds of  off-shore companies in Cypriot Banks, they will be deeply disappointed. Real life -and capital – move much faster in times of globalization. Crisis-hit Cyprus aims to secure IMF-EU bailout within the month of October. Who …

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Q&A: How Will a 50% Greek “Haircut” Affect Our Lives?

The rumors and the scenarios about a 50% ” Haircut” of the Greek debt and an “orderly default” , call it also “controlled bankruptcy”, keep whirling around the heads of ten million Greeks causing increased uncertainty and depression. With the tax hikes and the income decreases, the Greek household have already …

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State Guarantees to Bank Deposits up to €100K Extended to Dec 31, 2015

The state guarantees on bank deposits of up to 100,000 euro have been extended for four years, until December 31st, 2015.  With the decision  (23384/27.5/2011) of Greek  Finance Ministry the state guarantees bank deposits until December 31st, 2015. The previous state guarantee was due to expire on December 31st of the current …

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