The International Consortium of Investigative Journalists published on Monday the names of thousands of offshore companies and their owners, a data base of 214,000 entities set up in 21 jurisdictions. The leaks contain corporate information about trusts, funds, companies and stakeholder names. The latest Offshore Leaks by ICIJ have uploaded …
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Schaeuble wants the IMF, the IMF wants Debt Relief, Tsipras doesn’t want more austerity measures
Greek program Review, Debt Relief, participation of International Monetary Fund in Greece’s program. Key words for a temporary solution that would allow Greece to receive a bailout tranche and avoid default to its lenders. However, the key players, Greek government, Germany and the IMF still have not found a formula …
Read More »FinMin Tsakalotos: Greece seeks “debt relief deal” with creditors in February 2016
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 …
Read More »Germans hand out to Greece 10,588 data of suspected tax evaders with assets at Swiss Banks
German regional state of North-Rhine Westphalia handed out to Greece files containing more than 10,588 data – that is Swiss bank accounts – of suspected tax dodgers. The data is from one Swiss bank but the name had not been revealed. The data on tax evaders was reportedly bought by …
Read More »Greece’s lenders have time: Dijsselbloem “sees” Debt serving problems after 15 years
Prime Minister Alexis Tsipras wants a debt relief. The International Monetary Fund wants the same. Both consider Greece’s debt as unsustainable. But the country’s European partners, the country’s biggest lenders do not want to hear about such option. At least not now. According to Eurogroup head Jeroen Dijsselbloem, Greece may …
Read More »Greece’s 3. bailout: Dramatic decreases in pensions and welfare benefits
How did German Finance Minister Wolfgang Schaeuble say it exactly? “The deal is a good thing and a chance for Greece.” While everybody can assume what Schaueble considered as “good” with Greece’s creditors in his mind, the same “everybody” can assume that if it is good for Greece the country, …
Read More »PM Tsipras: I ordered Varoufakis to prepare a contingency plan
Prime Minister Alexis Tsipras gave full coverage to former Finance Minister Yanis Varoufakis and said that he ordered the ex FinMin to work out an emergency contingency plan but not a Grexit plan. Speaking to the Greek Parliament after a question posed by PASOK leader Fofi Gennimatas, Tsipras said among …
Read More »UPD IMF warns Greece needs deeper debt relief, Schaeuble wants 3. Bailout AND Grexit
A secret study by the International Monetary Fund showed that Greece needs far more debt relief than European governments have been willing to contemplate so far. The IMF study is an updated version of July 2nd as it takes into consideration the capital controls imposed since June 29th 2015. “Greece’s …
Read More »Referendum: Greek voters angry at media & creditors, scare-mongering campaign seems to backfire
The family of a friend is divided: her husband and her two children, 20 and 21, will vote “NO” in Sunday’s referendum, while she – a left-wing voter all through her voting life – was still undecided on early Saturday afternoon. “Hm… I don’t know yet, I despise the old …
Read More »Greece: Capital Controls, Banks closed. Live Blog from Athens
o7:50 pm June 28 2015: +++ According to Greek media reports, the Greek Systemic Stability Council decided to impose capital controls and close the banks as of Monday, 29th June 2015. Specific rules and arrangements not published yet. The Greek SSC is currently preparing a statement on the issue. The …
Read More »Creditors give Greece a “deadline” to break the impasse
As early as 6 o’clock in the morning the’ technical teams’ sat down and picked up the negotiations thread, the institutions and Greece left down in the early morning hours of Thursday. The midnight meeting between Greek Prime Minister Alexis Tsipras and the creditors ended at 12:30 without positive result. …
Read More »+++Greece rejects IMF’s proposals for Corporate Tax, Pension Cuts & 23% VAT in food
Hardly had Greek Prime Minister Alexis Tsipras stepped at Brussels airport and the creditors started to throw stones on his way to the meeting with Institutions. They have reportedly submitted a new proposal as they do not agree with Greece’s equivalent measures. It is said that especially the IMF rejects …
Read More »Greece -Creditors race for a deal, Parliament vote maybe over weekend
Eurogroup meetings, Institutions meetings, Euro Leaders meetings. Monday’s race between Greece and the creditors ended … early Tuesday without a deal. But with a perspective for a deal. And a bombastic package of austerity measures worth 8 billion euro for 2015 and 2016. Three Shades of Grey – …
Read More »Greece hopes for agreement by Sunday, as creditors keep the beat with the usual pressure
Negative signals and immense pressure have been the usual creditors’ modus operandi for the last five years. The usual operation tool, when talks between Greece and its creditors reach a dangerous curve and are short before reaching an agreement. While the Greek side expresses hope for an agreement by Sunday, …
Read More »IMF dismissed reports, Rice had said the IMF had a Plan B for Greece
Surprise!? Gerry Rice, director of The IMF’s communication department relvead to journalists the truth. That the international Monetary Fund had a Plan B for the case things in Greece would get out of control. “The IMF has worked out Plan B to contain the crisis, should things with Greece get …
Read More »US President Obama chats with Varoufakis in White House
US Presidents do not normally meet and chat with finance ministers. However US President Barack Obama broke the protocol and had an informal chat with Greek Finance Minister Yanis Varoufakis during a reception hosted at the White House in order to honor Greece’ Independence Day. Certainly a powerful gesture of …
Read More »Greece’s Credit Event risk averted, but EU keeps up the dirty work with political pressure
“I welcome confirmation by the Minister that payment owing would be forthcoming on April 9,” managing director of International Monetary Fund told reporters after her meeting with Greek Finance Minister Yanis Varoufakis on Easter Sunday in Washington. Going to meeting with Varoufakis: Christine Lagarde of IMFogue in Anna-Wintour-look. Or just …
Read More »The Varoufakis Glam: the Paris Match photo shooting that triggered anger
“No, No, No! That was unacceptable!” A friend entered my apartment in a hurry and loudly arguing against the Varoufakis Photo shooting for French live style magazine Paris Match. A series of nicely set pictures At Home with Varoufakis, showing Greece’s impressive and imposing Finance Minister strumming on the home …
Read More »PM Tsipras outlines 5 legislation drafts, announces state bankruptcy investigation
Greek Prime Minister Alexis Tsipras outlined the first 5 legislation drafts that will be submitted to Parliament as soon as possible. The first draft law that will be submitted on Monday will concern measure to tackle the humanitarian crisis and relief measures to impoverished households. Furthermore, the Prime Minister announced …
Read More »Greece’s reforms target €7.3 bn in revenues; €404mln already seized from bank accounts
While the Three Institutions – the ex Troika – evaluate the draft list of reform proposals sent to them Sunday evening, Greek government sources told populist German Bild, how they have calculated the cost of reforms. “Greece draws up a €7.3 billion tax hit list. Crackdown on tycoons and the …
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