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Tag Archives: bailout talks

EU Commission Not Satisfied with Greek bailout talks? No problem. Millions of Jobless Not Satisfied either…

European Commission spokesman Margaritis Schinas said Thursday that the European Commission was “not satisfied with the progress of reforms talks between Greece and its creditors.” “Work needs to intensify” Schinas said hinting to the next eurogroup meeting on April 24th and added that “This sequence of events…has not yet materialized, …

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Creditors want permanent austerity – till the end of Greeks’ days

Did the Euro Working Group give ultimatum No 2,456,979,579 to Greece to comply with creditors’ additional austerity demands? It is not clear. Some European Commission “unnamed sources” told Reuters “it did”, others say “it did not.” Greek media reported that “Greece had 6 working days to present convincing measures that …

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Mini Crash: Athens Stock Exchange Plunges -6,28%

Athens Stock Exchange suffered a mini crach on Monday, plunged by -6.28%, the General Index fell below 820 units and the banking sector with losses of 15% as Greece’s lenders refused to make any concessions on labour rights ‘reforms’ and junior coalition government partner Democratic Left insists on not voting in favor of the …

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EU Commission: A Week Long Time-Out For Greek Bailout Talks

 The representatives of Greece’s lenders, the so-called Troika, are leaving Athens, even though it seems that the negotiations on the spending savings package have not concluded yet. An EU Commission spokesman told reporters in Brussels, that the Troika “will be leaving this weekend and will return in about a week. the spokesman …

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