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Tag Archives: Germany

Merkel says she is wary of Greece’s over dependence on China

German Chancellor Angela Merkel is wary of business over-dependence on China. She is especially concerned about the Chinese investments in Greece where Cosco has been winning the cream of the cream in public privatization tenders. In an interview with German weekly magazine WirtschaftsWoche, Merkel said Europe needed to be wary about …

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Greek shipowners to extend voluntary tax pay also in 2018

Greek shippers intend to discuss the extension of their voluntary economic contribution to the state into 2018 in the context of an extraordinary general meeting of the Union of Greek Shipowners (EEE) scheduled for June 26. Sources told Kathimerini that the extension of this optional levy is all but certain, …

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Economy Minister: Schaeuble’s resistance to debt relief raises questions about Eurozone structure

Greek Economics Minister Dimitris Papadimitriou has accused German Finance Minister Wolfgang Schaeuble of being “dishonest” by blocking debt relief for Greece despite his acknowledgement that Athens has implemented significant reforms. Papadimitriou told German newspaper Die Welt in an interview published on Thursday that Schaeuble first had acknowledged that Greece had …

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Germany significantly cuts back refugees’ family reunion from Greece

The German government has significantly cut back on family reunions for refugees arriving from Greece, local media reported. Germany has taken in over a million people and is facing “limited capacity.” German Interior Minister Thomas de Maiziere has reduced the number of asylum-seeker family members allowed into the country from …

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Special Envoy Fuchtel strikes back, promises German investments and jobs creation

German businesses are planning important investments in Greece, such as the creation of a logistics center in Alexandroupolis and investments in tourism. These investments could create up to 50,000 new jobs, especially for younger Greeks, Germany’s Deputy Minister of Economic Cooperation and Development, Hans-Joachim Fuchtel, said on Wednesday. During a …

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Creditors make it clear: No debt relief for Greece before 2018

Creditors have cooled down Greece that has been awaiting for debt relief measures. “Greece has done its bit, now it wants debt relief,” Prime Minister Alexis Tsipras said on Thursday, two days after the agreement with creditors on additional measures 3.6 billion euros for 2019 and 2020. However, the country’s …

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Greece reaches deal with creditors: “Now negotiations for debt relief,” says Tsakalotos

From Monday afternoon till Tuesday dawn of Tuesday, Greek government and creditors’ representatives sat in Hilton hotel for the fine touch on outstanding issues. The results is an additional austerity measures package without extra financing. This practically means a two-year extension of the bailout agreement Greece and the European creditors …

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