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Tag Archives: MoU

IMF demands €450mn austerity cuts in unemployment, poverty allowances for 2018

The austerity nightmare has no end. Despite the fact that the International Monetary Fund has only an adviser role in the third bailout program, it keeps pushing and pushing for cuts and more cuts without end. It wants cuts in unemployment allowance – currently at 360 euro. Cuts in poverty …

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Greeks suffered wages losses of -28.16% from 2010 to 2015

Five years of loan agreements, memoranda of understanding, austerity measures and internal devaluation. And here is the bill for Greece’s employees: a decrease of 28.16% within five years. According to data from the Hellenic Statistical Authority (ELSTAT) salaries were cut by 28.16% in the period of the first memorandum of …

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Troika bailout agreement: looting Cyprus natural resources

The final terms of the bailout agreement between the Cypriot government and the troika of international lenders are to be worked out and have been finalized until Thursday, in order to be approved by the Eurogroup working group. The deal is based on the bailout terms agreed last November with …

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UPD: PM Samaras’ Letter to EU Leaders Has Been Delivered – Full Text

Greek Prime Minister Antonis Samaras expressed his full commitment to the terms of the bailout programme and asked adjustment in terms of unemployment and recession. In his letter to EU leaders, that was delivered by President Karolos Papoulias at the EU Summit in Brussels, Samaras writes: “As I informed you, …

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EU Plans Loan-Agreement Concessions to New Greek Government?

Concessions? What concessions?  Several international newspapers have been reporting about it in the very last days before the crucial June 17 elections. Is it true that the EU wants to make concessions in the bailout terms or is it just another  ‘leakage’ aiming to convince Greeks to cast their votes for …

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Venizelos (PASOK) Wants Revision of the Loan Agreement (MoU)

Leader of socialist PASOK, Evangelos Venizelos, tabled a proposal with six points concerning the revision of the loan agreement between Greece and its lenders. During his meeting with acting prime minister Panagiotis Pikrammenos on Monday, Venizelos claimed that Greece can achieve the revision of MoU, even though leading EU officials dismiss …

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Athens: Day After for Papademos’ Gov’ and Parliament Composition

At least 45 burned down shops, banks and cafes,  some 160 civilians and policemen injured, looting,  thousands of hurled stones and hundreds of fired tear gas devices, 199 “YES”, 74 “NO”, 45 expelled MPs:  The second Memorandum of Understanding and the new austerity package passed by the Greek Parliament on Sunday leaving the …

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Greek Coalition Gov’ Partner Threatens Not to Sign Troika’s MoU

Greece’s lenders pressure the party leaders forming the coalition government to put down their signatures under the new loan agreement, the new Memorandum of Understanding containing austerity measures that will elimination large parts of the Greek society, threatening ‘No signature, No Money’. Here comes one of the coalition gov’ partners, far-right LAOS, …

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Merkel Admits: She Can’t See Greece’ MoU And Austerity Don’t Work Unless She Wears 3D Glasses

Finally German Chancellor Angela Merkel can see clearly things in their real dimensions. In lenght, width and depth. With the help of 3D glasses, Angela Merkel managed the optical breakthrough. However she saw only two dimensions of the Greek Debt, despite the 3-dimensional aid.  Merkel saw that neither the Memorandum of Understanding between …

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