Something is moving towards an agreement with the Eurogroup partners with Greece reportedly to prepare a bridge program until August. Greek media report Monday afternoon about a “ten reforms plan” in order to cover some parts of the current bailout program and that Finance Minister Yanis Varoufakis works out the …

Prime Minister Alexis Tsipras pleasantly surprised Greeks with the announcement of a series of measures to boost the social welfare state, to provide aid to vulnerable groups of the society and tax breaks to low-incomers, to cut state expenditure and to overhaul the institutions. The Greek PM also rejected the …

Greek central bank governor Yannis Stournaras said on Thursday that Greek banks were solid and under control, a day after the European Central Bank denied them use of Greek bonds as collateral for loans. “Deposits and liquidity are absolutely safe,” Stournaras, who is also a member of the European Central …

Greek coalition government SYRIZA-Independent Greeks will announce its policy programme in Parliament on Sunday, February 8th, will the vote of confidence will take place two days later, Tuesday, February 10th around midnight. The program announcement will take place one day later than originally scheduled, most likely due to the meetings …

That was a good one! While Greek Finance Minister Yanis Varoufakis was holding a meeting and a press conference with his German counterpart Wolfgang Schaeuble, Vladimir Putin moved to play a prank with Berlin. He called Greek Prime Minister Alexis Tsipras and invited him to Moscow. State NERIT Tv reported …

This is pure and blatant blackmail and came without a warning! The European Central Bank decided to stop accepting Greek bonds as collateral for granting liquidity as of February 11th 2016. Greek banks can still receive emergency funding from Greek Central Bank via Emergency Liquidity Assistance, a statement said. ECB …

Just hours before the meeting between Greek finance minister Yanis Varoufakis with his counterpart Wolfgang Schaeuble in Berlin, and the German side most probably thought to put the agenda of Thursday talks. In a document leaked to the press, Berlin made its positions towards Greece very clear and demands from …

Greece said to delete the debt write-off proposal from its negotiation list and proposed a debt swap instead. Finance Minister Yanis Varoufakis told about 100 financiers in London on Monday, that Greece would seek to swap some Greek debt owned by the European Central Bank and the European Financial Stability …

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 …

U.S. President Barack Obama made a sound intervention in what it seems to be in favor of  Greece’s positions “development vs austerity”, saying  that you cannot keep squeezing countries in recession and that there should be a development strategy so that these countries can pay back their loans. Speaking to …

 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% …

Let’s put two things clear right away: Greece’s SYRIZA-led coalition government insists on debt-restructuring,  negotiations with the country’s creditors and a “new European deal” in general. In contrast, Greece’ creditors, mainly the European Union with the lead of Germany warn the Greek government that it should forget debt-restructuring and it …

It comes as expected. Hardly they were sworn-in, ministers of Greece’s new coalition left-wing/nationalists government SYRIZA-Independent Greeks made a revolutionary step: they announced the halt of  privatizations. Not that privatizations of state assets were been moving in the same speed the Troika has been demanding in the last five years. …

The very first challenge Greece’s new coalition government has to deal with is the Presidential election. But before this procedure is launched, other modalities have to be settled: form the cabinet, open the Parliament, get a vote of confidence. Cabinet The names of the ministers to form Greece’s new cabinet …

The time of truth has come and the clock is ticking… The third round of voting for Greece’s next President will decide whether the coalition government of Nea Dimokratia and PASOK will stay in power or the country will head to snap elections. Sole Presidential candidate Stavros Dimas needs 180 …

Samaras’ coalition government did not fall apart, the prime minister of Greece survived another crisis, however   the risk of early elections has not being averted. The economic austerity circumstances make the survival of any coalition government and Samaras in PM-chair for another three years almost impossible. Just to add some …

The European road has its reached dead-end. Call it “Greek crisis”, call it “Euro crisis” the European leaders prove day in day out that they are not able to deal with this challenge. EU leaders live in their own happy-go-merry world with some aging EU-gentlemen ridiculte themselves by  claiming they are sexy. If …

FRANKFURT -(Dow Jones)- A group of former euro-zone government leaders support a plan for the euro-zone to issue its own bonds and implement a “New Deal” economic stimulus program similar to the one undertaken in the U.S. in response to the Great Depression, German news magazine Der Spiegel reports Sunday. …

I love to receive interesting posts by KTG-readers. Different ideas and opinions enrich a blog anyway. An article on Greek economy and rescue efforts, written in a way that everybody can understand,  is a must now a days for those who want to know the What and Why and Why Not as …

“The policy of government and the Troika is on deadlock” said for one more time Yanis Varoufakis,  professor for economic theory at the University of Athens. Varoufakis, one of the main Greek opponents of the austerity program and the applied economic models,has repeatedly stressed that even if Greece achieves all goals by …