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Tag Archives: brussels

Last minute rescue: painful Cyprus deal, bankruptcy averted, depositors cry

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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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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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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