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Tag Archives: Troika

Greece’s shopkeepers launch strike to protest law for opening shops 30 Sundays per year

The Hellenic Confederation of Commerce and Entrepreneurship (ESEE) announced it will launch a strike on Sunday, May 7, to protest legislation that will increase the number of Sundays that retail outlets are allowed to operate during the year. Opening shops 30 Sundays per year is included in the deal Greece …

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Dijsselbloem calls on end of Troika, ESM to be turned into a European IMF

Head of Eurogroup, Jeroen Dijsselbloem decided to launch a revolution. In an interview to a German conservative newspaper, he called on the end of the EU Troika and the mutation of the European Stability fund into a European IMF. Behind Dijsselbloem’s proposal stands the powerful German Finance Minister Wolfgang Schaeuble …

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February goes, the Troika comes…

Representatives of Greece’s creditors returned to Athens and they resume talks in an effort to reach an agreement on technical level (staff level agreement) and conclude the second review in no longer than two weeks. According to Athens News Agency, the European side but also the International Monetary Fund consider …

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Creditors’ new combo “The Troika Four” started inspections in Athens

I have been wondering whether the new Troika which is a Quartet should be called “The Creditors’ Quartet” or “The Troika Four” or just “Greece’s creditors”. The new combo of representatives from European Commission, International Monetary Fund, European Central Bank and European Stability Mechanism definitely news a new short description, …

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7 out of 10 Greeks support Tsipras’ confrontation with Troika

Seven out of ten Greeks support Prime Minister Alexis Tsipras the way he deals with the country’s lenders, the Troika. According to a poll conducted by the University of Macedonia, the majority of the respondents believe that the PM is determined to implement his pre-elections commitments and that the Greece-Troika …

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UPD Juncker, Moscovici, Berlin signal to scrap the Troika

European Commission President Jean-Claude Juncker and EU Commissioner for Economic and Financial Affairs Pierre Moscovici signaled that they want to scrap the Troika, the representatives of International Monetary Fund, The European Union and the European Central Bank, dealing with the Greek bailout programs, the austerity time table and the so-called …

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Varoufakis adamant in Paris; French FinMin Sapin did not freak out (lol)

Greek Finance Minister Yanis Varoufakis met his French counterpart Michel Sapin in Paris. After the bilateral talks, the two men held a joint press conference. The Greek was adamant in his positions: he said that:  a new debt deal was needed within months and reiterated that he would not negotiate …

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Eurogroup warns: No debt forgiveness for Greece; Dijsselbloem in Athens

The eurozone has ruled out debt forgiveness for Greece and warned Alexis Tsipras that his anti-austerity coalition government must honor all past agreements with international creditors. In a meeting of eurozone finance ministers in Brussels on Monday, a day after left-wing SYRIZA won the parliamentary elections, the euro bosses warned …

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Paul Krugman: Ending Greece’s Nightmare

Hardly has been announced that SYRIZA won the elections and several internet trolls started their poisonous work, also here in this blog.  Trolls came out of their caves and rub their hands full of glee and sardonic smiles as their venomous saliva running down their jaws. They set up their clock …

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