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Tag Archives: brussels

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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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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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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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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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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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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