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Tag Archives: banks

FinMin Yanis Varoufakis resigns, background

Finance Minister Yanis Varoufakis submitted his resignation on Monday morning after Greeks rejected creditors’ proposal with 61.31%. Below is what the “star” FinMin wrote in his blog. 11:25 am The name of the new Finance Minister is to be announced after the Political Leaders Council currently conveying under President Pavlopoulos. …

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Referendum final: NO 61.3%, YES 38.6%; SAMARAS resigns

Ballot boxes closed at 7 o’ clock in the afternoon. Immediately, several private television channels started to public results of public opinion surveys conducted among Greeks before and after they voted. However these results were not exit polls. Orange: NO Green YES Live Blog starts here 07:30 pm – First …

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PM Tsipras’ speech on Eurogroup decision & Capital Controls

Below is the full statement by Greek Prime Minister Alexis Tsipras on Sunday evening, after the Greek Systemic Stability Council proposed to impose Capital controls and banks closure as of tomorrow, Monday, June 29th 2015, for at least 6 working days. Prime Minister Alexis Tsipras’ statement on the latest developments …

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EU studies Spain, Italy, Greece & Portugal over banks’ potentially illegal deferred tax assets

European Union regulators are scrutinising four EU countries’ treatment of banks’ deferred tax assets (DTAs) to see if they constitute potentially illegal state aid, the European Commission said on Tuesday. The EU executive said it had contacted authorities in Spain, Italy, Portugal and Greece following requests from some lawmakers in …

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Gikas Hardouvelis: who is Greece’s new Finance Minister?

Two seem to be the key features of Greece’s new Finance Minister Gikas Hardouvelis: that he knows the euro mechanism and he knows the banks.  Hardouvelis is a professor of Finance & Economics at the University of Piraeus and Cheif Economist and Director of Research at the EUROBANK. He served …

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Theory vs Reality gap revealed by “decent living standards criteria” issued by Greek government

How much money does one need to cover monthly basic needs while living in Greece? Well, it depends…. In fact, it depends on who decides. The Troika, the government institutions, the banks, the employers or just the person concerned? The views seem to vary between the theoretical approach and the …

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Greek Big Brother: FinMin to collect all financial data about everything (huh?)

The time of truth has come. The time of financial and economic truth. Greek Finance Ministry will collect all possible and impossible information from citizens via data that banks, private clinics, private schools, insurance companies, utility and telephone companies will send to it. By March 31st 2014, all these will …

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