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Tag Archives: creditors

Greece – Creditors: €2bn bailout tranche & €10bn for banks recap must wait

For one more time creditors sent a clear message to Greece: first the new deal will have to pass through the Parliament. Only then they will turn on the faucet and let 2 billion bailout tranche and 10 billion for the bank recapitalization flow towards the Eurozone south. The Euro …

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The IMF pushes Europe for formal restructuring of Greece’s debt

The International Monetary Fund pushes Greece’s European partners and lenders for a formal debt restructuring. This is what the IMF’s first deputy managing director, David Lipton, told in an interview with Bloomberg. IMF Pushes Europe for Formal Restructuring Accord on Greek Debt “Euro-area countries must commit to a formal restructuring …

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Fair compromise: Tsipras fired Varoufakis; now Merkel’s turn to send her radical FinMin home

Here we go again: The three institutions received and evaluated the Greek proposals and sent their commendation to the Eurogroup. In their assessment, the creditors reportedly accept Greece’s proposals as basis for negotiations for a new agreement but they also say that Greece must do much more in form of …

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Eurogroup ends without deal, Merkel threatens “deal vs markets” & the IMF says “no default if payment missed 30.6”

After lots of anger and disagreement the Eurogroup ended on Thursday afternoon without a deal. Exiting the meeting, Greek Finance Mnister Yanis Varoufakis said that the Eurogroup decided to continue talks today and tomorrow and thus on the two documents submitted both by the creditors and Greece. “Discussion will continue …

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Greece – Creditors negotiations: Lost in Deadlines…

There was this famous and very threatening deadline over the Greeks heads this morning. The creditors had allegedly told Greece “either … or…”, “take or breake”, “capitulate or go”. Or even worse! Had the Greeks not submitted a new reform proposal, the Eurogroup would decide on creditors’ proposals with Greece …

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Creditors give Greece a “deadline” to break the impasse

As early as 6 o’clock in the morning the’ technical teams’ sat down and picked up the negotiations thread, the institutions and Greece left down in the early morning hours of Thursday. The midnight meeting between Greek Prime Minister Alexis Tsipras and the creditors ended at 12:30 without positive result. …

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