Veteran Politician and resistance fighter, Manolis Glezos, with 92 years the oldest member of the European Parliament called on Greeks to take to the streets and stage protests against the “economic asphyxiation” imposed by Greece’s creditors. And to say “NO to loan sharks” of the Troika-Institutions. At the same time, …
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Greek Debt Official report: How many billions of euros has Greece to pay back until 2057?
After two bailouts and one debt restructure, Greece’s debt is still exorbitantly high and the country will need another 42 years to pay back what it owes to its lenders, provided that no new debt will be added, not extra interest rates will be added up in case of inability …
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Angela Merkel to address the nation if a deal with Greece. Which nation?
German Chancellor Angela Merkel is said to be planning to address the nation in case Greece reaches a deal with its creditors. “Which nation?”, one may ask. The Greek or the German? “The German nation, the German lawmakers and the German public,” writes Bloomberg because in case of a deal, …
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Hillarious! Greece’s Eurovision song had a secret message to creditors?
Things are not always as they seem to be. While millions of Europeans thought that the Greek Eurovision song was about a broken heart and desperate love with all essential emotions of betrayal, endless pain and struggle… Alas! The lyrics of “One last Breath” sung by Maria Elena Kyriakou could …
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Greek Gov’t: no payment to IMF on June 5 without a deal with creditors
Greece will not make a payment to the International Monetary Fund if there is no deal with its creditors, SYRIZA’s parliamentary speaker said on Wednesday. “The moment of truth is on June 5,” Nikos Filis told private ANT1 TV. Nikos Filis “If there is no deal by then that will …
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EC Juncker offers €1.5bn tranche to Greece in return for Lenders’ same old strict austerity
Amazing! European Commission President Jean-Claud Juncker sat down and wrote several pages of a proposal to “help” Greece strike a deal with its creditors, unlock the impasse. allow the release of some bailout money to avoid default on June 5th 2015 and give time for a new deal in autumn. …
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Varoufakis: Creditors want wages down to 700 euro
Finance Minister Yanis Varoufakis revealed the size of pressure the Greek government and the negotiation team is exposed to by the creditors but also the creditors’ plan who insist on further austerity. “The lenders have gone so far to demand that we reduce all wages above 700 euro down to …
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Greek PM Tsipras: priority are wages and pensions; referendum if no deal (videos ENGLISH)
“Breakthrough in bailout talks is close,” Prime Minister Alexis Tsipras announced Monday evening as Greece is struggling to strike a deal with the country’s creditors by May 9th and avoid default to International Monetary Fund. In a live-interview to a private television channel, Tsipras ruler out snap elections but he …
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Politically interesting! Public sector union ADEDY calls Greek government not to pay the IMF
Interesting! Greece public sector union umbrella ADEDY is joining a protest rally calling for debt write-down and the Greek government not to pay back loans to the International Monetary Fund. Together with a civic group called “Initiative for Debt Write-Off”, ADEDY will demonstrate tomorrow Thursday, April 9th, the day Greece …
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Greece vs Creditors: Tsipras will never be able to satisfy the big neurotic mama
Greece “defaults” each and every month since the new coalition government came into power, should we believe the Cassandras of various nationalities and interests. The first default scenario “saw” a default by end February, the second by end of March. Bogeyman’s words “Grexit” and “Grexident” started to whirl around. Again. …
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Greek government is trapped in the bailout talks with creditors
Greece is trapped in bailout talks with the creditors taking place in Brussels. The reforms list the Greek government submitted to the creditors is considered to be on “positive basis” but not sufficient enough. The lenders want measures with “stable performance and specific results”, that is austerity measures with immediate …
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Greek Alt. FinMin Tsakalotos: “We are ready for a rift!” Seriously or Dialectics?
Greece’s Alternate Finance Minister Evklidis Tsakalotos revealed the determination of the government to “go to rift” if negotiations have no successful conclusion and the list of reforms would not be accepted. Speaking to private Star TV on Friday morning, Tsakalotos did not explicitly named the country’s creditors but it’s rather …
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Stick and carrot for Greece but not a single cent before full reform list & some implementations
Grrece’s economic team writes and erases “structural reforms” and prepares the list the government is obliged to submit to the Institutions by Friday. Well… not exactly Friday. Make it Monday, March 3oth. At the same time, the country’s lenders increase the pressure in the usual stick & carrot manner maintaining …
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Creditors’ proposal to Greece: “Do not pay salary & pensions for 1-2 months”
Liquidity problems? Greece’s official creditors had a genius idea. They apparently proposed to Athens to halt the payment of salaries and pensions for one to two months. This would allegedly tackle the problem of liquidity and find a solution to Greek problem of how to pay back bailout loan tranches …
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Greece sends draft with reforms proposals to IMF, EU, ECB
A hectic weekend and an open hotline between Athens and Brussels for consultations, as the Greek team prepares the list of planned structural reforms to the country’s lenders. The deadline decided by the Eurogroup on February 20th, expires Monday midnight. A teleconference will follow, with Finance Minister Yanis Varoufakis on …
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Patras: citizens demand arrest of MPs voting in favor of “prior actions” draft law
While Greek MPs are voting in the Parliament a draft law containing a set of “prior actions”, two residents of Patras, Peloponnese, went to local police station demanding the arrest of those MPs who will vote in favor. According to the two men, supreme court ruling has declared “giving over national sovereignty” as …
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