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Tag Archives: demands

EU Commission, IMF sent Greeks two MoU drafts before talks resume

Greece and foreign creditors resume talks on Tuesday afternoon after a long break. On the table are the so-called “reforms” prescribed under the international bailout and further debt relief. The aim is to reach a comprehensive deal (staff level agreement) before the Eurogroup meeting on May 22.  Talks are over …

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Breakdown in talks, as Greece walks out in Brussels. Now what?

The Greek delegation walked out the negotiations with creditors representatives in Brussels on Sunday afternoon. During the meeting that lasted 46 minutes, the Greek side submitted revised proposals but they were considered as “insufficient” by the creditors. A difference gap of 2.6 billion euro remain between the two sides. According …

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Greece bows to Troika’s demands: Hikes in Value Added Tax to hit tourism

Greece’s resistance to Troika’s demand did not last long. Just a couple of days after the negotiations failure in Paris, the country’s lenders e-mailed the Greeks that they should definitely need to impose additional austerity measures and fill the hole of estimated 2.5 billion euro in the budget of 2015.  …

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Troika demands the sudden death of Greece’s defense industries

No, no, no. The Troika is a tough negotiator. The representatives of Greece’s lenders rejected the government proposal about the three defense industries LARKO, EAS and ELVO.  IMF’s Thomsen and the other kids demanded that the three industries close immediately without compensation for the fired personnel and to be thoroughly …

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UPD: Privatization Fund CEO Stavridis resigns over lear jet scandal

CEO of Greece’s Privatization Fund Stelios Stavridis submitted his resignation late on Sunday after Finance Minister Yiannis Stournaras asked him to do so. Stavridis did not mention the reason for his resignation. Citing government sources, Greek media report that Stavridis’ resignation was a matter of political ‘ethics’. KTG reported earlier …

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Protesting Farmers: new collision front for Greek government

Protesting farmers moved their tractors near the national highway, just kilometers away from the city of Larissa on Tuesday morning threatening to block the traffic in Greece’s North-South axis.  However the farmers were hindered from parking their tractors on the highway by strong riot police forces. Tension was high between farmers and police, …

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Papademos Gets Coalition Gov’ Support – Greece’s Red Lines

Greece’s prime minister Lucas Papademos made his point of view very clear on Sunday after meeting the leaders of the three parties forming his coalition government. “If this process [ PSI, second bailout] is not completed successfully, we will find ourselves faced with the specter of bankruptcy which will have …

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