Saturday , May 25 2019

Recent News

PSI Haircut: A Dangerous Game Played on Greece’s Head

 It seems to be a dangerous game being played on the head of Greece. The debt-ridden country was sitting at the hairdressers’ chair surrounded by several evil scissors-holders arguing over the haircut-style. The customer had almost fallen asleep as he was deprived of the right to get involved in the argument. The …

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What Happened to Greek PSI? Don’t Panic & Fasten Seat Belts

New York, Berlin, Paris, Athens: the phones of  state officials, economists and bankers are ringing non-stop, brains are on fire and nerves lay blank as the PSI negotiations did not reach a deal over the weekend, ahead the EuroGroup meeting on Monday in Brussels. Men and women in business suits run nervously up and …

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PSI Talks Interrupted – Dallara Left Athens for Paris…

The Greek PSI-cho thriller continues, as Greek bond swap talks were interrupted in Athens. Leaving Greeks behind to cook in their own broth,  head of Institute of International Finance Charles Dallara left Saturday morning for Paris. Greek media report that the negotiations got stuck on the key issue of the interest rates of …

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Greek Referendum: Throw The Cross Into the Sea – Yes or No

It looks as if democratic procedures reached the Greek Orthodox Church. A priest in a church in Patras, Peloponnese, decided to hold a referendum among the community of believers. The faithful men and women had to decide whether the Epiphany ceremony should be held at the sea or not. The …

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Greek Prosecutor Calls Papandreou, Papaconstantinou on 2009-Revised Deficit

A bombshell with a weight of at least one mega-tone was dropped in the picturesque city of Athens on Friday afternoon. Thus while Greek government officials have been dealing with the Troika on the left and the private Greek bond holders on the right. Economic prosecutor Grigoris Peponis requested in a letter to prosecutor of …

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Irish Journalist Destroys the Troika During Press Conference (video)

Ireland’s favourite print and broadcast  journalist, Vincent Browne takes on the Troika, and refuses to allow them to evade questions regarding the bailout of unguaranteed bondholders by the Irish public. Vincent Browne at his finest. His key question that Troika-representatives are unable to answer “Why are Irish people required to pay …

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Ex Greek PM Simitis: The Loan Agreement Was A Potically Fatal Mistake

Costas Simitis, Greece’ prime minister that led the country to euro zone, fiercely criticized the authors of the Memorandum of Understanding , the loan agreement singed between Greece and its lenders to enable the debt-ridden country to receive the rescue package of €110 billion in may 2010. “The agreement between the …

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PSI: Just a Breath before the Final Deal?

Blazing negotiations on the PSI are taking place in Athens with some Greek media heralding that agreement on major issues has been already achieved. According to several Greek media, the Greek side has proposed the interest rate to start at 3.5% for bonds maturing in 2014. a5 3.9% for bonds …

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Reichenbach: “Greeks Cannot Take More Sacrifices”

“Greeks have undergone great sacrifices and Greece can not continue with this strategy.” Horst Reichenbach, head of European Commission’s Task Force, was revealing while he was talking at an event organized by the Board of Commerce and Indtustry of Athens (EBEA). He noted that at the centre of the action of Task Force were …

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BoG Governor: Greece’s Crisis Could Have Been Avoided, If…

“Greece’s path to current crisis wasn’t inevitable. The economic crisis could have been avoided, if the problems were addressed earlier.” Has the statement of Yiorgos Provopoulos, the Governor of Bank of Greece, shocked anyone in the debt-ridden country? I don’t think so. Some Greek commentators interpreted it in the context of the micro-cosmos …

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MS Europa Discordia: Italian Paper Likens Merkel to Shipwreck Captain

When Costa Concordia capsized off the Italian coast last week, an official demanded the ship’s captain get back on board to oversee the evacuation. Now his angry words have been aimed at German Chancellor Merkel in an Italian caricature, which shows her escaping the “MS Europa Discordia.” The sentence has taken …

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Amazing! Greek Rhythmic Gymnastics Athlete!

 A sunshine in the financial fog. Greek athlete Varvara Filiou. Rhythmic Gymnastics. And a snap shot of her stunning abilities on the website of UK-based Telegraph. Something to be proud of, amid the storm of negative publications about Greece and Greeks. Greece’s Varvara Filiou competes with the hoop during the Visa …

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