Tag Archives: creditors

The Greek additional proposal to the creditors has been leaked to the press. Athens offers earth and water – in creditors’ language “taxes and revenues” worth €7.899 billion for 2015-2016 that is in the next 18 months. Specifically, the Greek government aims to collect €2.697 billion until the end of …

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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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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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A strange silence is hanging over the Greek battle field. Exhausted physically and mentally German, Greek and IMF soldiers are hiding in the trenches, tired of the frequent battles and the dirty conditions of the economic warfare. It is the monotony between the bailout program review battles, the constant threat …

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While the Greek government awaits for a creditors’ response to the reforms proposals it submitted late Monday, head of the Eurogroup Jeroen Dijsselbloem spoke and said: Deal with Greece is not at hand yet. Speaking to Dutch RTL Nieuws, Jeroen Dijsselbloem said: 1. It is was not certain whether Greek …

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Greece will never be able to satisfy its neurotic creditors. Hardly had the government submitted to Brussels a revised budget plan, and the usual “anonymous sources” seem to reject it. “Two international officials with direct knowledge of the discussions” told Bloomberg that: “The document covered only fiscal targets, one of …

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The Greek government sent additional reforms proposals to creditors in Brussels this morning. A source from EU told AFP that the creditors are “now in the process of studying… counterproposals’ submitted today. No details about the content of the 3-page draft have been made known. It seems that the Greek …

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It becomes more and more clear that the Greek government is up to an intermediate agreement with its creditors in June and another one, a comprehensive to be reached in autumn. When asked about the option of an interim agreement, government spokesman Gavriil Sakellaridis said on Monday morning while briefing …

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Greek Finance Minister Yanis Varoufakis and his German counterpart Wolfgang Schaeuble meet Monday morning in Berlin. The meeting was reportedly arranged over the weekend, allegedly after European Commission President Jean-Claude Juncker refused to respond to a phone call request by Prime minister Alexis Tsipras. So, what does Varoufakis seek from …

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It was a shock late last night when some of creditors austerity demands were leaked to the press. They were included in a 5-page draft plan European Commission President Jean-Claude Juncker had handed out to Prime Minister Alexis Tsipras during their emergency meeting in Brussels in an effort to strike …

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Short before the meeting between Prime Minister Alexis Tsipras with European Commission President Jean-Claude Juncker in Brussels, Greece’s creditors started to leak their offers to the debt-ridden country. One of the thorn issues is the Primary Surplus. According to the Financial Times, creditors offer a low Primary Surplus for 2015 …

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Prime Minister Alexis Tsipras is heading for Brussels today following an invitation by European Commission President Jean Claude Juncker. The two men had a telephone conversation Tuesday evening and Juncker invited Tsipras to talk about the Greek proposals. According to latest reports, Eurogroup head Jeroen Dijsselbloem will attend the meeting …

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Seeking an agreement with the creditors, Prime Minister Alexis Tsipras said that Greece has submitted a draft plan to the Institutions – formerly known as the Troika – Monday night. Tsipras did not reveal details of the draft plan but said that it was a program “for Greece to exit …

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Creditors did not manage to agree on a joint position towards Greece at an emergency meeting Monday night in Berlin. Officially, all they decided about was that “work had to speed up”. No statement was released. But the Greek government is angry as it was waiting for a political decision …

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Greece’s most crucial week has started and there is an odd and unusual lack of information about the progress of negotiations. No fuss, no buzz, no provocative or undermining tones. A cloud of suspicious silence has spread over Athens, Brussels and Berlin. Or all sides suddenly grew up. Both sides, …

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Creditors command and demand, Greece is willing but … some red lines cannot be set aside. Apart from that, creditors’ commands are anything but logical as their demands could be only described as crazy. Furthermore the creditors seem divided as to what they demand from Greece with the logical consequence …

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Negative signals and immense pressure have been the usual creditors’ modus operandi for the last five years. The usual operation tool, when talks between Greece and its creditors reach a dangerous curve and are short before reaching an agreement. While the Greek side expresses hope for an agreement by Sunday, …

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Despite all odds. Despite all pressure and “bankruptcy” threats and blackmails. 48% of Greeks support left-wing SYRIZA and 54% approve the government’s approach in negotiations with lenders, while 58% want that the Government does not step back under the creditors’ pressure. The majority of respondents reject the additional austerity measures …

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Nothing changed over the weekend. Greece found no money to pay the international Monetary Fund on June 5th, creditors found no way to agree on bailout talks. The result is logically: no deal, no money. precisely, No money to the IMF. Interior Minister Nikos Voutsis said it clearly:  Greece cannot …

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I am a bit confused about the controversial messages coming over from the other side of the Atlantic. Two messages came on Friday and both leading to one direction – deal between Greece and its creditors –  but on different speed. the message by IMF’s Managing Director Christine Lagarde was. …

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