The five-page creditors’ proposals to Greece have been leaked to the press and it is all over the Greek and international internet. The proposals that bear the signature of the International Monetary Fund demand from austerity in form of VAT hikes, sweeping changes in to pensions system, including raising of …
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What did the IMF do wrong with Greece? Almost everything
There is no doubt that the international Monetary Fund imposed a not only a strict austerity program in Greece – as in many other countries. Moreover, the Fund has created a downright mess in the Euro-member country as it apparently could not deal with a currency that cannot be devalued. …
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+++Greece rejects IMF’s proposals for Corporate Tax, Pension Cuts & 23% VAT in food
Hardly had Greek Prime Minister Alexis Tsipras stepped at Brussels airport and the creditors started to throw stones on his way to the meeting with Institutions. They have reportedly submitted a new proposal as they do not agree with Greece’s equivalent measures. It is said that especially the IMF rejects …
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Tsipras meets Institutions heads at noon, Eurogroup to “work all night” for deal
Greek Prime Minister Alexis Tsipras flew to Brussels on Wednesday morning and meet with the heads of the Three Institutions , EC Jean-Claude Juncker, ECB Mario Draghi and IMF Christine Lagarde. The meeting is reportedly scheduled for 1 pm local time (2 pm GR time). The Tsipras-Institutions meeting takes place …
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Juncker, Draghi & Lagarde call Tsipras to Brussels on Wednesday
They must have been in a great hurry to close the deal with Greece. Who? The heads of the three Institutions, the country’s main creditors, the International Monetary Fund, the European Central Bank and the European Commission. Jean-Claude Juncker, Mario Draghi and Christine Lagarde called Prime Minister Alexis Tsipras on …
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Propaganda machinery to undermine Greece’s talks runs in full speed
Yup. The day is crucial for Greece. Maybe the “most crucial” for the last five years with the sword of “default to the IMF” swinging over our heads. Today, Monday, important meetings are taking place in Brussels, with Prime Minister Alexis Tsipras to meet the heads of the “Institutions” European …
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Spotted in Athens: German journalist awaiting for the “bank run”
Αll eyes are turn to Brussels today, all ears try to pick the finest nuances signaling a “deal or not a deal.” Yet, some have flown to Athens to cover reactions among the society. A German journalist was spotted outside a Greek bank armed with camera and microphone to cover …
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German state TV: EC Juncker broke down negotiations with Greece
In Greek debt dispute EU Commission President Jena-Claude Juncker has canceled a mediation attempt. The reason: There was a distinct difference between the plans of the creditors and the plans of Athens. The negotiations with the Greek government to resolve the debt dispute have failed for the time, according to …
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Breakdown in talks, as Greece walks out in Brussels. Now what?
The Greek delegation walked out the negotiations with creditors representatives in Brussels on Sunday afternoon. During the meeting that lasted 46 minutes, the Greek side submitted revised proposals but they were considered as “insufficient” by the creditors. A difference gap of 2.6 billion euro remain between the two sides. According …
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Greece – Creditors’ Game of Nerves: It’s Now or Never?
A crucial – the most crucial – meeting between Greece and its creditors is taking place Sunday afternoon in Brussels. Greek delegates are to meet the representatives of the three Institutions IMF, EU, and the EFSF for a so-called “final effort” to reach an agreement on the Greek debt problem. …
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Greece prepares counter-proposals, Tsipras sends delegation to meet with creditors’ representatives on Saturday
After the stalemate and the ice-cold atmosphere amid Greece summer, the government reportedly prepares some counter-proposals for its creditors. At the same time, Prime Minister Alexis Tsipras sends a small delegation to Brussels to meet with creditors’ representative on Saturday, state broadcaster ERT reported at its 6 o; clock news …
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UPD Tsipras meets Merkel & Hollande, while S&P spoils the fun with Greece’s downgrading
The crucial meeting of Greek Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande started at 10:10 pm in Brussels at the margin of the EU – Latin America Leaders Summit. Present at the meeting are also Greek political top negotiators, alternate Foreign Minister Euclid Tsakalotos …
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Boring as Promised – Eurogroup on Greece: “Progress made, but… gaps”
It was short and rather …painful for Greece as it did not give a breath of liquidity to the cash-drained country. The eurogroup meeting ended with a rather usual statement stating: “There is progress, but..” The first message to Athens came from Valdis Dombrovskis, the European Commission Vice-President for the …
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The Berlin-Brussels Plot against Greece: “A national unity gov’t with a weak SYRIZA”
Berlin never made a secret that it would love to see To Potami as SYRIZA’s coalition partner. Martin Schulz from German coalition partner SPD and President of European Parliament said it openly and right away, just four days after the elections and the new Greek coalition government. In his blatant …
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Greece’s Reforms List expected to be approved by Eurogroup / Live-Blog from Athens
Greece sent the famous Reforms List to its creditors in Brussels on Tuesday morning, a couple of hours later than as originally demanded by the Eurogroup on February 20th. Finance Minister Yanis Varoufakis told CNN, that the list was ready Monday evening but that the lenders had requested a delay. …
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Greece to seek 6-month extension of loan agreement and other conditions
Greece will submit a request to extend its loan agreement tomorrow Wednesday, Greek media reported citing government sources Tuesday evening. The Greek request to the eurogroup will be based on the “Eurogroup draft of February 11th”, note some media, while others claim that it will be based on the “negotiation …
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Bridge-Program? Tsipras – Dijsselbloem agree to work out “common ground for solution”
Prime Minister Alexis Tsipras and Eurogroup head Jeroen Dijselbloem agreed on the sideline of the EU Leaders Summit in Brussels, that a team of Greek technocrats will cooperate with representatives of the EuroWorking Group until Monday to prepare the Eurogroup meeting of 16 February. According to newspaper To Vima, Tsipras …
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UPD Tsipras – Juncker hand in hand for Greek Debt on Solution Street
Friendly and warm atmosphere. Greek Prime Minister Alexis Tsipras is holding a meeting with President of European Commission Jean-Claude Juncker in Brussels on Wednesday morning. In a gesture of failed symbolism, veteran Jean-Claude took young PM Alexis by the hand and off they walked to the EC sanctuary. Hand in …
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German FinMin: Release of Greece’s last bailout tranche maybe be delayed
As all finance ministers of Euro zone gathered in Brussels for a eurogroup meeting that Greece considers as ‘crucial’, German Finance Minister Wolfgang Schaeuble took advantage of the opportunity to trim the wings of the government urging for a rash bailout exit. The German FinMin warned that the release of …
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Did BMW’s €690K donation to Merkel’s CDU influence EU’s emissions decision?
Is this how the European Union works? A generous donation by a special interest group can influence the decision-making process and make the EU directives questionable as for their motives? The answer could be most likely clear… According to German media allegations, a donation of 690,000 euro by the BMW …
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