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Tag Archives: Germany

Guest Post: The Swiss Franc sends message to Merkel and Tsipras

Swiss chocolates bought in Swiss Francs? Oh, no! Or “much better,” after all? How does the lifting of euro cap by Swiss National Bank affect the Greek debt? I asked this question to economist “Cheshire Cat” and here is his analysis! Doors open wider for Merkel and Tripras to do …

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German economists: Greek debt haircut cheaper than Grexit … for Germany

Less than three weeks before elections in Greece and nervousness rises among the country’s lenders as  SYRIZA’s chances for a victory remain high and the left-wing party favors a debt haircut. The Grexit scenarios have grown wild as billions of euros in loans are at stake. Leading role in the …

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Merkel cheers “Grexit” hand in hand with Samaras

German Chancellor Angela Merkel took her close friend Antonis Samaras by the hand and they both cheer “Grexit!” in every swirl of their XXL-austerity waltz. According to German weekly Der Spiegel , Angela Merkel was allegedly willing to let Greece leave the eurozone  should the foolish Greek voters elect a …

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J. Ackermann: There was an alternative bailout to save Greece but Germany rejected it

“There was a bailout plan to save Greece in February 2010 but Germany opposed it, therefore Greece had to turn to International Monetary Fund.”  Josef Ackermann, a Swiss banker and former executive officer of Deutsche Bank made the revelation in an interview to Sunday newspaper To Vima. The bailout plan …

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What do Greeks need amid the crisis? German ammunition worth €52m

Just when I was sitting at the balcony, wondering what this troubled society of Greeks need in times of ongoing economic crisis, high unemployment and recession, I felt a  short pain on my right arm. It wasn’t an angry and hungry mosquito. It was a Leopard tank having fired a …

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Priest refuses to baptize girl, 3, after she says “No”

A Greek Orthodox priest refused to baptize a 3-year-old girl after he asked her three times for her consent and she replied three times with “No”.  The obviously nervous priest took off his stole and refused to proceed with the holy baptizing procedure. He left despite the strong opposition by …

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With €100million Germany co-funds Greek Investment Fund for SME

Greek Development Minister Costis Hatzidakis and executive vice president of the German state investment bank KfW Christian Funke put their signatures on the Greek-German Investment Fund agreement aiming to lend a helping hand to small and medium size enterprises. According to Hatzidakis, the German side will contribute 100 million euro, …

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Merkel in Athens: “I came to take a look into the future”

“I came here to take a look into the future and talk with new people with new ideas,” German Chancellor Angela Merkel said during a joint press conference with Greek Prime Minister Antonis Samaras, right upon her arrival in Athens. I have to apologize right away, though. It was not …

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Greek President talks to Gauck about German WWII reparations

President Karolos Papoulias raised the issue of World War II reparations to his German counterpart Joachim Gauck currently on a 3-day official visit to Athens. But as expected, Gauck repeated the official legal position of Berlin and promised to express his Karolos Papoulias told Gauck hat Greece has not dropped …

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Samaras in Berlin – Merkel sees light in the Greek tunnel

“Germany will do everything it can to help Greece for a successful EU presidency,” said German Chancellor Angela Merkel during a joint press conference with Greek Prime Minister Antonis Samaras. “We are beginning to see light in the tunnel ,” she concluded stressing that Germany supports the tough decisions in …

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Survey: 4:10 Greeks borrow money to pay their bills

Four out of ten Greeks borrow money in order to pay utility and other bills. Also 40% states that they have not enough money to live a decent life due to lay-offs, unemployment, wage cuts, increased taxes and the price of heating oil, and declare that utility bills -electricity, telephone, …

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Merkel – Steinbruck TV Duel on Greece: does it really matter?

I can tell you right away: no, it doesn’t! It doesn’t really matter what the Christian-Democrat, conservative and neo-liberal Chancellor of Germany Angela Merkel and her Social-Democrat challenger Peer Steinbrueck exchanged on clever and quick statements, announcements and criticism last night, during their TV-duel. It doesn;t really matter what they …

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