The decision of the European Central Bank to freeze the emergency liquidity in summer 2015 and force the Greek government to close the countries bank was possibly not legal. This is stated in the Italian daily Il Manifesto that quotes Fabio de Masi, member of German Die Linke in the …

Greek Prime Minister Alexis Tsipras slammed both the International Monetary Fund and the German Finance Minister Wolfgang Schaeuble for their policies leading to delays in the conclusion of the second review of the third bailout program. Speaking at the central committee meeting of SYRIZA on Saturday, Tsipras said that those …

The report of the Parliament Budget Office is anything but optimistic. The analysts note among others that Greece pays for the bad choices made in the first half of 2015 and that now the country is under strictest supervision and financial control by the lenders than in the loan agreements …

Authorities investigate the capital controls imposed end of June 2015 in Greece. The investigation has been ongoing for the last two months and is being conducted “secretly” [sic]. Dozens of citizens have reportedly filed complaints claiming “economic hardship”  due to capital controls as they were unable to cover basic needs …

If one can follow and stomach the Greek news in recent days, he will be stunned about the amount of additional direct and indirect taxes the Greek taxpayers will have to pay in 2017. A total of 2.5 billion euro – that’s the verdict of the draft Budget 2017. Where …

We always knew that the problem of German finance Minister Wolfgang Schaeuble with Greece was the left-wing government SYRIZA and that his former Greek counterpart Yanis Varoufakis was the red cloth in front of the eyes of a raging bull. Now it is confirmed. the Austerity-obsessed German minister practically ‘rescued’ …

Nobody could deprive the EU staff form celebrating the Catholic Easter. Therefore 2,300-4,000 people are expected in Greece by March 27th 2016.  Asylum case workers, interpreters, judges, return officers and security officers, staff from EU EU agencies (FRONTEX, EASO and Europol), 400 policemen from France and Germany but also 100 …

I suppose the following article is also an explanation on how the European Union corrupts national politicians – or better say: allows national politicians to corrupt their own citizens in order that the latter support the rotten system in Brussels. How? By using European taxpayers’ money for the famous EU …

SYRIZA celebrates one year in power. SYRIZA finds itself confronted with almost the whole of Greek professionals who are on the streets and highways to protest the upcoming hikes in social security contributions and the pensions reform. The farmers lead the protests followed by lawyers, doctors and engineers. Also winemakers …

Greece remains a popular holiday destination despite the economic crisis. At least, among British travelers. According to a recent survey, 66% of the respondents consider Greece as a safe destination. And half of British travelers over 60 said that they would be happy to travel to Greece and thus “independently …

A storm is brewing over Greeks’ heads with German Finance Minister Wolfgang Schaeuble to insist on Grexit? According to Wall Street Journal, Greek Prime Minister Alexis Tsipras is trying his best to avert a fresh confrontation over Greece’s bailout, the country’s broken finances and the participation of the International Monetary …

German Finance Minister Wolfgang Schaeuble said on Tuesday that it was not in Greece’s interest to question the involvement of the IMF in its bailout programme, after the Greek prime minister said the global lender was not playing a constructive role. Alexis Tsipras accused the International Monetary Fund (IMF) of …

Greek Finance Minister Euclid Tsakalotos criticized his predecessor Yanis Varoufakis and the first SYRIZA-ANEL government. He accused them for not having done enough against tax evasion or corruption. Speaking at the Economic Conference organized by the American-Hellenic Chamber of Commerce., Tsakalotos said among others that “for some social classes taxation …

It was supposed to be a civilized conversation between German Finance Minister Wolfgang Schaeuble and French students at the Sciences Po University in Paris. But youth apparently has no respect of self-righteous German officials and reminded him of possible policy mistakes in the Greek crisis. the atmosphere turned quickly from …

Greece’s new government stands. 46 men and women sworn in on Wednesday morning to serve the country and the citizens in the name of God or just the Constitution. Not all the new ministers took a religious oath. Prime Minister Alexis Tsipras and his coalition partner Panos Kammenos preferred to …

The Value Added Tax of 23% was decided to be imposed on private education schools and tuition centers in August as an “equivalent measure” so that the absurd 23% V.A.T. on beef and other meats would be cancelled. Obliged to relocate revenue measures due to creditors’ fiscal targets, Greece has …

Twenty five SYRIZA lawmakers mainly from Left Platform of former Energy Minister Panagiotis Lafazanis split from the party Tsipras’ party on Friday morning and formed their own independent group with the name “Popular Unity”. The anti-Memorandum party will run for the elections called on Thursday after Prime Minister Alexis Tsipras …

I am speechless. Not since yesterday or last week. I have been speechless since July 13th when the Greek left-wing coalition government agreed to burden the country and the people with a new loan, the third bailout for Greece since 2010 together with the strictest austerity program ever. I have …

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, …

With overwhelming majority the Greek Parliament approved the second bill of “prior actions” demanded by the country’s creditors. The Bill was approved with 230 votes. Against the bill voted 63 lawmakers among them also 31 from Tsipras’ SYRIZA. Another 5 SYRIZA lawmakers voted “present”. Voting result: YES 230 SYRIZA, Independent …