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German coalition deal: SPD takes Finance Ministry with Olaf Scholz

A big concession for Merkel’s conservatives, a possible relief for Greece and the euro zone. German Chancellor Angela Merkel’s conservatives CDU/CSU and the Social Democrats (SPD) on Wednesday agreed to a coalition deal,  after months of uncertainty. The deal has at least one surprise that has Greeks, first of all, …

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With FDP in German coalition, Greeks could miss old chap Schaeuble

Greece is closely watching the political developments in Germany as the new coalition government that will be formed will have direct impact on the Greek debt and the discussions about its relief expected to begin after conclusion of the bailout program in August 2018. Right after the exit polls on …

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Bitter row between Erdogan and Germany is getting tenser

Turkish President, Recep Tayyip Erdogan has further strained his country’s relationship with Germany by describing the main German political parties as “enemies of Turkey”. Speaking after Friday prayers to his supporters gathered in a mosque in Istanbul, the Turkish President criticised those who he said had an aggressive or disrespectful …

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Tsipras tells Merkel “Game Over!” Background Eurogroup Malta

“Angela, once you called me about my finance minister. Now, I call you about yours.” This is what Prime Minister Alexis Tsipras told German Chancellor Angela Merkel on Wednesday, two days before the Eurogroup meeting in Malta on April 7,2017.  It was Tsipras’ phone call to Merkel that unblocked the …

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Greece goes to Eurogroup with ‘low’ to ‘moderate’ expectations

The Greek team goes to Eurogroup with anything but great expectations. The topic “Greece” is third on today’s agenda of the finance ministers of the eurozone.  Athens seeks a political solution to the Greek problem and anticipates the meeting between German Chancellor Angela Merkel with the managing director of the …

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German elections go Greece: Gabriel slams Merkel/Schaeuble on austerity

The elections campaign has officially started in Germany. The Social-Democrats (SPD) with top candidate Martin Schulz challenge the conservative Christian-Democrats (CDU) of Angela Merkel and Wolfgang Schaeuble. While it seemed that the former President of the European Parliament Schulz would have it hard to challenge the Chancellor, the results of …

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Tsipras rushes to Paris for unscheduled meeting with Hollande

Prime Minister Alexis Tsipras is rushing to Paris to meet French President Francois Hollande. As the meeting was not planned, Greek media wonder whether the urgent trip to Paris has something to do with the break in Greece-Creditors Review Talks and the Government decision to submit two bills to the …

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EU in need of Democracy Reform: Serving the people vs Serving economic interest

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 …

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EP sets up working group to scrutinize Greece’s adjustment program

And Greece’s auditors, the Quadriga becomes…Quinquatria. The leaders in the European Parliament have today approved a proposal by the Liberal and Democrat Group to monitor and scrutinize the implementation of macroeconomic adjustment programmes in countries such as Greece. According to a press release, the Parliament’s Economic and Monetary Affairs Committee …

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6 Children drowned off Samos – Tsipras to visit Turkey to discuss Refugee Crisis

Sunday morning, 6:30 am: a plastic dingy struggles against the waves while the wind is blowing with intensity of 7 Beaufort. 50 people on board are in panic. Twenty meters away from the shore of Galazio on the island of Samos, the boat capsizes. Men, women and children fall into …

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