One day after the outrage over Eurogroup chief Jeroen Dijsselbloem’s statement  that the Cyprus rescue plan would be implemented also to other eurozone economies, the European Commission confirms these plans. With a small differentiation: that insured deposits up to 100,000 euro will not be used for future bail-ins. EU Commission: new …

After the outrage and crash of the Euro and the stock markets, Jeroen #DieselBoom or “Flip Flop Boom” for internet users but  Dijsselblom to his EURO collueagues, realeased a  statement in an attempt to calm down the nerves of economists and savers. Statement by the Eurogroup President on Cyprus “Cyprus is a …

No shock result in Dutch elections. A clear victory against populism. Prime Minister Mark Rutte won, nationalist populist Geert Wilders took pleasure as the second largest party in the parliament of the Netherlands. Jeroen Dijsselbloem and his ‘social-democrat’ Labor party suffered a historic loss, crashed from 38 seats to just …

Every official from the EU, the IMF and the ECB and every finance minister of the eurozone justified the bank deposits levy with the “special case of Cyprus”. However the masks fell and thus much sooner than expected. On Monday afternoon, President of Eurogroup Jeroen Dijsselbloem was unable to hide his enthousiasm about …

I need to strongly contemplate on this Eurogroup that ended at 6:30 Brussels times with a new date on May 24th. I need to read the  long and unreadable official statement, Dijsselbloem’s and Tsakalotos’ statements,  reactions coming from the Prime Ministry, and struggle my way through the Greek mainstream media …

Sunday… Monday… Tuesday… Wednesday… Four very crucial days that will determine whether the average Greek will still be able to withdraw a couple of euro banknotes from the ATMs, whether the pensioner will be able to get hold of the whole of his July pension.  Whether the Greek banks will …

The risk of capital controls is allegedly high as Greece rejects creditors’ absurd demands and dictates. The risk is considered “high” because the uncertainty pushes more and more savers to withdraw more and more money from the banks that on their part rely on Emergency Liquidity Assistance provided by the …

Finance Minister Yanis Varoufakis told media Thursday morning that an agreement with Greece’s creditors can be reached by “June 30th.” The date is some 10 days after Greece has to meet its obligations to the IMF with the payment of four tranches (5-19 June). The creditors have repeatedly said: no …

80 percent of the Greeks approve they way the Greek government deals with the lenders, EU, IMF and ECB. The public opinion polls was conducted12-17 February, that is in the time period SYRIZA was negotiating with the Eurogroup partners, and one day after Greece rejected the Dijsselbloem draft on February …

“The ECB Governing Council and the ECB banking supervisor would be more comfortable if there were capital controls to prevent the banks bleeding (money),” German arch-conservative daily Frankfurter Allgemeine Zeitung claimed Thursday citing an source from the European Central Bank. ECB’s concern was allegedly based on the ground of a …

 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% …

The idea to bail-in banks with depositors’ money will soon be more than just an idea – or a “Cyprus template” as Eurogroup head Jeroen Dijsselbloem said two weeks ago. It will be decided through an EU directive, as economic affairs commissioner Olli Rehn announced on Saturday in a television …

When five Sunday newspapers speak about the safety of savers’ deposits  in their front pages, I think, it’s time we should start make thoughts about “how secured are deposits in Greece?” The Cyprus example might be “a template”, after all, as eurogroup head Jeroen Dijsselbloem recently said. Deposits in Greek …