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Tag Archives: Greek debt

New charges against Sorras: Leader of criminal organization, fraud, money laundering and others

The self-proclaimed billionaire and now fugitive Artemis Sorras has been charged with fraud and running a criminal organization. The office of prosecutor in Athens published a long list of charges against Artemis Sorras and seven of his close associates on Tuesday. The list of charges reportedly contain “half of the …

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Greece, go figure! IMF: Debt not sustainable ESM: Debt Sustainable

Is the Greek debt sustainable or not? Opinions and approaches differ. The International Monetary Fund insists that the Greek debt is not sustainable, the Eurozone’s Fund European Stability Mechanism insists that the Greek debt is sustainable. Greece has three weeks to deal with ‘potentially disastrous’ debt, the IMF said adding …

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ESM proposals could reduce Greece’s debt by a fifth in 2060

Confidential proposals drawn up by the eurozone’s bailout fund European Stability Mechanism could reduce Greece’s debt load by about a fifth in 2060. The six -page document, dated November 25th 2016, outlines measures that that could be taken in the near future to reduce Greece’s large debt load. According to …

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ECB’s Draghi: Solution for Greek Debt is in the interest of the Eurozone

A solution for the Greek Debt is in the interest of the eurozone, chief of the European Central Bank, Mario Draghi said on Monday, speaking at the Economic and Monetary Committee of the European Parliament. Answering a question posed by Giorgos Kyrtsos, MEP of conservative New Democracy, Draghi stressed  that …

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PM Tsipras launches Debt Relief tour in EU

Prime Minister Alexisd Tsipras is launching a Debt Relief Tour to convince EU lenders and key players about the necessity of a debt relief. At the same time, he is in continuous contact with US officials who have access to IMF’s Managing Director Christine Lagarde. According to daily Ta Nea, …

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Rumor and speculation mill work overtime over Greek gov’t proposals to lenders

The rumor and speculation mill is working overtime as usual when negotiations between Greece and its creditors are at a crucial point. After Prime Minister Alexis Tsipras revealed that Greece sent a draft plan to the Troika-Institutions on Monday night, national and international media started to upload on their websites …

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UPD Tsipras – Juncker hand in hand for Greek Debt on Solution Street

Friendly and warm atmosphere.  Greek Prime Minister Alexis Tsipras is holding a meeting with President of European Commission Jean-Claude Juncker in Brussels on Wednesday morning. In a gesture of  failed symbolism, veteran Jean-Claude took young PM Alexis by the hand and off they walked to the EC sanctuary.  Hand in …

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President Hollande invites PM Tsipras in Paris in early February

French President Francois Hollande invited new Greek Prime Minister Alexis Tsipras in Paris. Hollande’s invitation has already be sent to Tsipras, the meeting is to take place before the next Council of Europe, scheduled for February 12th.  “France is ready to discuss solutions to Greek debt,” French officials said, althoughHollande …

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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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