Tag Archives: 3. bailout

Greek Interior Minister – an Energy minister in first SYRIZA government – Panos Skourletis accused on Monday international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity utility Public Power Corporation (PPC/DEH) to serve “domestic and foreign business interests.” Later, a …

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As the government in Athens used only €32 billion from the €86 billion prepared by the European Stability Mechanism, with less than half the program until the end it is clear the final figure will be smaller than the maximum, said Klaus Regling, the facility’s managing director. German daily Bild quoted him …

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The office of the Greek Prime Minister confirmed the Wikileaks revelations about contact between PM Alexis Tsipras and former US President Bill Clinton in July 2015. Asked by the Athens News Agency, a government source said that was a  contact between Tsipras and Clinton however before the referendum. After the …

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One of the messages in the latest WikiLeaks publication of Hillary Clinton emails is a July 2015 request from John Podesta, a close Clinton ally who is now Hillary’s campaign chairman, to the office of Bill Clinton, asking him to pressure Greek Prime Minister Alexis Tsipras into accepting the European …

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In fact, German Finance Minister Wolfgang Schaeuble agrees with the International Monetary Fund in one thing: they both doubt about the success of the 3. bailout program. However, as Schaeuble can never agree on the Greek debt relief proposed by the IMF, he chews again on this little bitter-sweet candy …

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It’s fact. The third bailout signed between the SYRIZA-ANEL government and creditors did and could not help Greece’s economic situation at all. It was just an enforced new loan with more additional austerity measures like the odious Value Added Tax hike that tightened the noose around the neck of million …

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Just as I was surfing around trying to spot some interesting topics on the upcoming elections – and I found nothing, I must admit – I stumble upon an interview of former Prime Minister left-wing Alexis Tsipras who struggles neck and neck with conservative New Democracy to win the elections. …

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High-ranking SYRIZA official and one of the party’s top economist, former deputy Prime Minister Yannis Dragasakis, admitted that the SYRIZA-led coalition government was unable to borrow money from third countries and that therefore it was obliged to sign the July 13th agreement. At the same time, he revealed that before …

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Efforts, compromise and total surrender to creditors brought fruits: The European Stability Mechanism approved the financial assistance for Greece on Wednesday,, the first disbursement of the first tranche arrived on Thursday and it was directly forwarded to the European Central Bank for the payment of 3.2 billion euro maturing today. …

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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, …

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Bill passed, SYRIZA suffers defeat and thus by its own lawmakers. With 222 YES votes the Greek Parliament approved the 3. bailout bill on Friday morning.  64 MPs voted NO and 11 Abstained. With 42 SYRIZA MPs to have voted NO or “Present”, the the major coalition government partner suffered …

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The Eurozone’s masks have fallen. Hardly anyone has anymore the illusion that the 3. bailout aims to facilitate Greece to pay back its debts and that it therefore needs  more austerity or “reforms” as they are euphemistically been called. On one hand the 3. bailout brings additional cuts in health …

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Hurrah! The milk and bread market in Greece is to be liberated! The much anticipated liberation has been pushed forward by the Troika lenders since the first bailout agreement in 2010. The OECD had provided its famous Competition Assessment Tollkit for this. But although the previous Greek governments had passed …

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The bill of the 3. bailout for Greece has been uploaded on the website of the Greek Parliament at 3:30 am on Wednesday: 7 files in PDF, a total of 387 pages. The uploading of the bill deprives lawmakers and ministers from ‘future’ claims, that they had no idea what …

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German lawmakers overwhelmingly backed Friday a new bailout plan for Greece after Chancellor Angela Merkel warned that the cash-strapped country would face chaos without a deal. Following more than three hours of debate, German lawmakers voted 439-119 in favor of opening detailed discussions on the package. There were 40 abstentions. …

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Are Euro Zone partners planning a third bailout package for Greece? There was a lot of talk about it last week in German media. But nothing specific, nothing official. Just leaks to the press by ‘sources’, claiming that Greece would need another “rescue” package worth “at least €20 billion.” On …

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