Hours of tough negotiations between Cyprus and international lenders ended in a deal at 2 a.m. on Monday morning. President Nicos Anastasiades and the head of European Union, European central Bank and International Monetary Fund agreed to a hefty haircut for deposits above 100,000 euro at Bank of Cyprus and …
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Cyprus negotiations thriller goes on: Solution or disordely default?
President Nicos Anastasiadies boarded on a plane Sunday morning and moved to Brussels with a big Cypriot delegation for the fine tuning of the bailout agreement with the Troika. The meetings in Brussels include also a face-to-face negotiation with IMF head Christine Lagarde. Later he will meet with EU presidents …
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Juncker warns of “Social Rebellion in Europe” if Growth, Jobs not Addressed
Economic stagnation and high levels of joblessness risk sparking a “social rebellion” in Europe, Luxembourg Prime Minister Jean-Claude Juncker and former head of Eurogroup said Thursday. Speaking on his way into a meeting of European Union heads of government, Mr. Juncker said as long as growth prospects remain dim and unemployment …
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What Crisis? Greek Parliament Employee Earns €10,000 per Month …in Brussels
Greek Parliament needed several hours to swallow and confirm the news that an employee at the parliament earns 10,000 EUR per month in times when wages and pensions cuts leave many Greeks with a thin income. The office of the Greek Parliament confirmed that the employee is the liaison officer …
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Hungary’s PM : EU Officials Waste Time for Pigs and Gese Instead of Tackling the Euro Crisis
Hungary’s Prime Minister Viktor Orban sharply criticized EU officials in general and Brussels in particular saying that “EU Officials are wasting time on toys for pigs and the mood of geese” while hundreds of thousands of EU citizens lose their jobs and the EURO is collapsing. Hungary is an EU but …
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Greece’s President Papoulias Flies to Brussels Economy Class…
The president of debt-laden Greece Karolos Papoulias and the Greek delegation flew to EU Summit in Brussels using economy class on Wednesday afternoon. The 83-year-old president takes the burden of travelling ‘stuck’ in a 3-seat row, in order to set an example of frugality when the majority of the Greeks suffer under …
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Solidarity Action: 12 Hours for Greece, May 16/12
An event to show solidarity with Greek people in times of crisis is organized in Brussels on May 16, 2012. “12 Hours for Greece, is a unique way to discover Greece, its culture, its food and its people !! Objectives to combat stereotypes , on the occasion of a cultural …
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YLE: Finland – Greece Sign Collateral Agreement
That was a cute side note at the Eurogroup yesterday. Greek Finance Minister Evangelos Venizelos and his Finnish counterpart Jutta Urpilainen signed a bilateral agreement stating that leading Greek banks will provide collateral in sash and highly rated assets, should Greece default on its loan after all… The agreement was …
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Papademos’ Sudden Trip to Brussels
Greek prime minister Lucas Papademos suddenly left Athens for Brussels on Sunday afternoon,ahead tomorrow’s crucial meeting of the Eurogroup. Ethnos.gr reported that Papademos would hold contacts with ‘leading institutional factors’ of the EU. However it looks as if Papademos would have his meetings on Monday morning. According to reports, there are still some critical …
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The EU-Summit Conclusions in Short…
The new European Treaty will include Eurozone’s 17 member states and six more countries but not all 27 EU countries, according to the President of European Council Herman Van Rompuy. The President said that the countries would provide additional funds of €200 billion to the International Monetary Fund. Its managing director …
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Belgians Show Solidarity and Dress “Manneken Pis” With a Greek Costume
Debt-ridden belgians decided to show solidarity with broke Greeks and passed the famous Brussels landmark “Manneken Pis” a traditional Greek costume. The naked “Little Man Peeing” into the fountain basin got dressed with the costume of Evzonos or Tsolias, the unique traditional Greek costume with a kilt-like garnment. The Manneken Pis …
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Papademos’ First Trip to Brussels -6th Tranche, Signatures High on the Agenda
Greece’s Prime Minister Lucas Papademos is heading to Brussels on Monday for a two-day trip and crucial talks on the sixth aid tranche of €8 billion. The sixth aid tranche will top the agenda of Papademos with EU Commission president Jose Manuel Barroso, the European Council president Herman van Rompuy …
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UPD1: Latest Info on Greek Debt Countdown in Brussels
All eyes are focused on the European leaders in Brussels bound to take historical decisions on the Greek debt and the whole of Europe. The meeting is about to start soon. A failure of taking the needed decisions tonight might cause turmoil in the markets on Thursday morning, with Spanish and …
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Racing Against a Greek Default & PIIGS Contagion
Greek Prime Minister George Papandreou left Brussels and returned to Athens for 24 hours to calm down ‘rebelling’ PASOK deputies. No political development is possible before the final decisions on the Greek debt before Wednesday. Within ruling party PASOK voices are loud that the government cannot take such historical decisions …
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Guest Post: The Tragicomedy of Europe and the Greek crisis
Things are very serious in Brussels today and yet. Until we got there, the coming and going of the European leaders and the other decision makers of the Greek crisis drama were bearing features of a tragicomedy. The following article was written a couple of days ago by Polyvios Petropoulos, …
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Greece – Euro Zone Summit
With eyes turned to Euro Zone Summit and holding their breath Greeks monitor the overwhelming developments in Brussels, lurk for the slightest official or off the record comment that could hind or imply a positive or negative development for the Greek debt crisis. The aim is to reduce the massive Greek debt, to help …
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Greeks protest Culture Minister at Europa Parliament (video)
Protests against Greek politicians are continuing in Greece and abroad and last ‘victim’ was Culture and Tourism Minister Pavlos Geroulanos. He was attending the event “2,500+1 years after the Marathon Battle” at Europa Parliament in Brussels, when members of Belgian Solidarity Committee with Greeks raised a banned saying: “EU & IMF Barbarians, …
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What does Angela Merkel imply with this symbolic gesture? (photo)
There it is, the interview German Chancellor Angela Merkel gave to populist daily newspaper BILD. Populist questions gets normally populist answers therefore if you can read German read what Bild readers have commented below the interview. However as the interview is long and I’m rather lazy to translate it, you …
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