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Search Results for: dijsselbloem

EU Summit: Tsipras’ messages leave Germany unimpressed

“I am confident that together we can find a mutually viable solution to heal the wounds of austerity, to combat the humanitarian crisis in the European Union and to put Europe back on growth and social cohesion,” Prime Minister Alexis Tsipras told reporters before entering the EU Leaders Summit in …

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Greece would not agree on “extend” and “current” program; Eurogroup talks end without progress

Seven hours they were sitting in the Lex-building in Brussels, Greek Finance Mninister Yanis Varoufakis did not manage to persuade the Eurogroup Finance Ministers to find a compromise with the Greek position. The talks failed as the German-led eurogroup on one side and Greece on the other could not agree …

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Eurogroup to meet in Brussels, Pro Gov’t rallies in Greece

The extraordinary Eurogroup meeting on Greece today, starts at 5:30 pm Brussels time. While Dijsselbloem & Co will be talking “Greece”, rallies will be held in Athens and other cities with thousands expecting to voice support to the Greek side during the tough negotiations with its euro-partners and lenders. Finance …

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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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PM Tsipras, FinMin Varoufakis in consultations race with European counterparts

Telephone lines between Athens and several European capitals went on fire on Saturday with Prime Minister Alexis Tsipras and finance Minister Yanis Varoufakis calling around to calm down lenders and EU-partners, win allies for the Greek positions and assure that Greece was not in collision course with its creditors. Both …

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Poll: 70% believe that “Tsipras will succeed as Prime Minister”

 A poll conducted by Public Issue on behalf of the newspaper “Aygi” Sunday edition reflects the satisfaction of Greeks for the election result on the previous Sunday. 70% of respondents said they believed that Alexis Tsipras will succeed as Prime Minister. Poll in detail“Are you satisfied with the election results?“, 60% …

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German FinMin: Release of Greece’s last bailout tranche maybe be delayed

As all finance ministers of Euro zone gathered in Brussels for a eurogroup meeting that Greece considers as ‘crucial’, German Finance Minister Wolfgang Schaeuble took advantage of the opportunity to trim the wings of the government urging for a rash bailout exit. The German FinMin warned that the release of …

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+++ Athens Stock Exchange tumbled with unprecedented losses (upd)

Shock and awe! For second consecutive day, Athens Stock Exchange is on free fall with more than 4 billion euro to have fled during the last two sessions.  The free fall seems to be hard to stop and at 3:50 pm, the General Index shows losses of -9.64%! Ten minutes …

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Athens: Greece’s Euro-partners will bless next bailout tranche

Greece’s lenders seem in general satisfied with the outcome of the multi-bill voting on Sunday night. The impact of voting to Greeks’ EU partners was immense. For example, one of the fierce critics of debt-ridden Greece, German Finance Minister Wolfgang Schaeuble immediately declared, he felt …relaxed. German Finance Minister Wolfgang …

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Greece secured next bailout tranche: €6.8bn in sub-tranches

The finance ministers of Eurogroup and Greece’s international lenders approved on Monday evening the next bailout tranche for the debt-ridden country. A total of 6.8 billion euro are to come to Greece in three aub-tranches and be immediately forwarded to anybody else except the average Greek. The money will only make …

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