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Tag Archives: Grexit

Dijsselbloem: Tsipras and Tsakalotos made things much easier

“Prime minister Alexis Tsipras and, of course, [current finance minister] Euclid Tsakalotos, have completely changed the relationship with the European partners. Almost everything has been easier since . . . it’s a completely different situation,” outgoing Eurogroup chief Jeroen Dijsselbloem said in an interview to Financial Times. He said further that he never backed …

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Schaeuble says Greece will soon be in a position to borrow from markets

Outgoing German Finance Minister Wolfgang Schaeuble was uncharacteristically positive in his recent comments regarding Greece, saying the country is on a “good path” and that critics’ pessimistic forecasts have not panned out. Schaeuble, who often played the role of the Euro zone’s “bad cop” in dealings with Greece over the …

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Xenophobic populist Sebastian Kurz wins Austrian elections

The leader of  center-right New People’s Party, Sebastian Kurz, won the Austrian elections on Sunday and is to be the next Chancellor. He turned 31 in August and once he assumes office he will be the younger leader in the Western world. According to preliminary results published by the Interior …

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Eurogroup says farewell to Schaeuble, first time Greece not on the agenda

It was the first Eurogroup meeting without Greece being on the agenda and the last Eurogroup meeting for outgoing German finance Minister Wolfgang Schaeuble. End of an era. End of the Schaeuble era. His colleagues paid tribute to the longest serving member. They signed on an European Union flag and …

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With FDP in German coalition, Greeks could miss old chap Schaeuble

Greece is closely watching the political developments in Germany as the new coalition government that will be formed will have direct impact on the Greek debt and the discussions about its relief expected to begin after conclusion of the bailout program in August 2018. Right after the exit polls on …

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German Economist Issing call on Euro-Sabbatical for Greece

Otmar Issing, former Chief Economist and Member of the Board of the European Central Bank and the German Bundesbank, brings back Grexit scenarios, demanding a Euro-sabbatical for Greece. In an interview with business news magazine Wirtschaftswoche, Issing warned of a new flare-up of the euro crisis. “The euro crisis is …

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“I had agreed with Russia to give cash that would help with Grexit,” claims ex Syriza Minister

Panagiotis Lafazanis, energy minister in the first SYRIZA government, claimed he had agreed with Moscow in 2015 that Russia would make a down-payment for a gas pipeline so that the money could be used to finance rexit if the country would decide to leave the euro zone. Lafazanis told Vima …

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Ex PM Papandreou says his gov’t explored Grexit option and refusal of first bailout

Former prime minister George Papandreou said that his government explored all possibilities including refusal of first bailout as well as exit from the eurozone before deciding to bring the International Monetary Fund in the country in May 2010. Speaking on Real FM radio on Thursday, the former leader of PASOK …

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Four in Ten Young Greeks would accept Greece’s exit from the EU

92% of young people in Greece do not trust politics. the same attitude is common to 66% of young people in Germany. Almost four in 10 young Greeks do not negatively approach Grexit, that is the possibility of the Greece to leave the European Union. While in Germany only 9% …

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Stern: Majority of Germans would accept Grexit

What do Germans think of Grexit?  The financial situation of Greece has split the German public opinion. In a poll conducted for German weekly STERN, a narrow majority would accept Greece abandoning the eurozone. Whether the heavily indebted Greece will receive additional billion credits depends on the implementation of the …

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Schaeuble: “I have never made Grexit threats”

German Finance Minister Wolfgang Schaeuble denied on Sunday that he had said Greece would have to leave the eurozone if it failed to implement economic reforms. In an ARD television interview, Schaeuble that Greece would not have problems if it implemented agreed reforms, but would if it fails to carry …

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“Bank run” under Capital Controls: Greeks withdraw €2.5bn in 45 days

Delays in the talks between Greece and its lenders have brought back the ghost of Grexit.  The grave disagreement between the International Monetary Fund and the European lenders, Grexit bombshell flying around and Greece’s reluctance to accept additional austerity measures have increase uncertainty among citizens – for one more time. …

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