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Search Results for: Lagarde List

Athens: Arsonists target cars of former Greek Minister Papantoniou

Two private cars belonging to former finance and defence minister Yiannos Papantoniou became the target of arsonists in the early morning hours of Friday. According to Greek media, shortly after 3:30 a.m. devices consisting of gas canisters exploded, destroying completely the two cars and causing some damages to Papantoniou’s residence.  more pictures …

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Greece exposed to increased risks from climate change, says ECB-ESRB report

Banks in Greece, Spain and Portugal face increased risks from the climate change, according to a joint report by the European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published on July 1. Greece and other southern EU countries are exposed to increased risks, on the one hand …

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Tsakalotos on IMF candidacy: “My hands are tied”

Former finance minister and high-ranking member of left-wing SYRIZa, Euclid Tsakalotos, commented on media reports that his name was on the list of those to potentially replace Christine Lagarde as Managing Director at the International Monetary Fund. In a post on Facebook, Tsakalotos wrote that he had to consult the …

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Tsipras announces 10.9% increase of minimum wage, to €650 from €586

Prime Minister Alexis Tsipras announced on Monday the much anticipated increase of minimum wage. During a cabinet meeting that was live broadcast, Tsipras said that the minimum wage will be increased from 586 euros gross to 650. He added that the sub-minimum wage for those up to 25 years old, …

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Pension cuts: IMF refers Greece to its “European partners”

The International Monetary Fund referred  Greece to Brussels, when Finance Minister Euclid Tsakalotos presented the government’s arguments that cutting pensions was not a structural measure. During the meeting with IMF’s Managing Director Christine Lagarde and the head of the Fund’s European department Poul Thomsen in Bali, Tsakalotos argued that there …

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Eurogroup chief Centeno sees “enormous potential” in Greece, does’t exclude “possible debt relief measures”

“Greece has gone through a very long period of economic adjustment and is now preparing to stand on its own feet as the program is approaching its expiration in August,” Eurogroup President Mario Centeno told the Athens-Macedonian News Agency (ANA) in an interview on Tuesday, noting he sees “enormous potential” …

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Council of State rules tax audits may not use evidence beyond 5-year limitation

Greece’s top court, the Council of state ruled on Wednesday that the tax service does not have the right to take into consideration transactions and deposits of bank accounts in Greece that are older than five years from the time of its audit.  It is the second ruling of CoS …

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Murder in Athens Cemetery: Young Financial Crimes Inspector stabbed to death

A young woman was stabbed and bled to death in a cemetery in Athens on Wednesday afternoon. The 32-year-old was working at the judicial department of the Financial Crimes Units (SDOE) of the Greek Finance Ministry. The young woman was reportedly stabbed in the back several times, while she had …

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IMF approves ‘in principle’ €1.6bn loan for Greece , will not give a cent until debt sustainable

The International Monetary Fund (IMF) Executive Board has given “in principle” approval to a new programme for Greece but made this conditional on both assurances from Greece’s European lenders and that reforms remain on track and the debt is sustainable. ‘In principle’ the IMF decision is positive for Greece, in …

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WEF: Greece holds 86th position in Global Competitiveness survey

Political uncertainty, high tax rates, bureaucracy and the difficulty of enterprises to access to financial resources are the main features that push down the Greek economy. Competitiveness? No chance! The report «Global competitiveness report 2016-2017» published by the World Economic Forum places Greece on 86th position on a list of …

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EU Commission works towards a EU-wide minimum wage

The idea of adaption of a European minimum wage is not new. European Commission President-designate Jean-Claude Juncker said in July 2014 that he would work towards the introduction of a minimum social wage in each member state of the EU. Two years later, the discussion on the issue is high …

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Independent report: The Seven Errors of IMF in Greek Program

An auditors’ body consisting of independent economists investigated the first Greek Program. In their report the economists sharply criticize the International Monetary Fund and record seven mistakes the IMF did in the Greek program. According to daily Kathimerini that exclusively published the report, the group of  independent economists and specialists …

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