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Tag Archives: details

ECB approves easing of Capital Controls – Details

The European Central Bank gave the “green light” to Greece to further ease the capital controls imposed in June 2015. The ECB decision follows a request submitted by governor of Bank of Greece, Yiannis Stournaras, last week. The ECB decision was made public by the governor of BoG, who, however, …

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“Automatic Contingency Measures” Roadmap – The Greek Proposal

Greece managed to push its own proposal and narrowly escape the trap of the International Monetary Fund to legislate now for each and every specific austerity measure totaling 3.6 billion euro in case it will fail to meet the target of 3.5% Primary Surplus in 2018. The Greek proposal of …

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Legislation for same-sex couples adopted, while some Bishop had church bells ring in “mourning”

Greece made a huge step towards civil rights, despite the fact that some Greek Bishop had the church bells ring in “mourning” for two days. Greece made a significant step to harmonize the country’s legislation with the legislation of other European countries and officially accept the realities of 21st century: …

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Creditors’ new combo “The Troika Four” started inspections in Athens

I have been wondering whether the new Troika which is a Quartet should be called “The Creditors’ Quartet” or “The Troika Four” or just “Greece’s creditors”. The new combo of representatives from European Commission, International Monetary Fund, European Central Bank and European Stability Mechanism definitely news a new short description, …

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EURO Summit Background: Grexit at 6 am Monday

Several international media have leaked background information of the stormy negotiations between Greek Prime Minister Alexis Tsipras and his euro “partners” during the Euro Leaders Summit on Sunday and the dramatic night that followed. Talks “nearly ended in a Grexit, both figuratively and literally when, at 6am Monday morning Brussels …

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

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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Greek seniors ask Amal Alamuddin-Clooney to help with the Return of the Stolen Pensions

After a glamorously successful visit in Athens, Amal Alamuddin-Clooney is to board on a plane and leave behind the birthplace of civilization and the flashlights showers. Mrs Clooney’s 3-day visit was crowned with numerous lunches and dinners and meetings with the highest representatives of the political and business world. WOW …

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Last minute rescue: painful Cyprus deal, bankruptcy averted, depositors cry

Hours of tough negotiations between Cyprus and international lenders ended in a deal at 2 a.m. on Monday morning. President Nicos Anastasiades and the head of European Union, European central Bank and International Monetary Fund agreed to a hefty haircut for deposits above 100,000 euro at Bank of Cyprus and …

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Additional Greek Bailout: A Blessing or a Curse?

The new bailout for Greece is unofficially sealed according to international and national media. A pretty packed additional aid of estimated €30-35 billion, revenues of €25 billion through privatizations and a kind of debt ‘recycling’ for €20 billion through private investors will apparently help Greece meet its creditors’ expectations and state expenditures needs. Details of the new deal …

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