Tag Archives: crisis

‘Greek public debt is highly unsustainable, the International Monetary Fund said in a report to be discussed during a board council meeting in Washington later today. The report, exclusively presented by Athens News Agency, said that the Greek economy faced four challenges. The country’s public debt was highly unsustainable the …

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German Finance Minister Wolfgang Schaeuble and the International Monetary Fund finally agreed on the Greek debt issue. However what they agreed upon is not what Greece would like to expect. Schaeuble and the IMF’s responsible for Europen Poul Thomsen agreed to a common hard-line, that translates into to increase pressure …

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Former finance minister Yanis Varoufakis strikes back and urges Prime Minister Alexis Tsipras to turn his back on Greece’s lenders, adopt a parallel payment system  and to unilateral restructure the loans held by the European Central Bank. In an op-ed in Efimerida ton Syntakton, Varoufakis, Varoufakis calls on Tispras to …

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The elections campaign has officially started in Germany. The Social-Democrats (SPD) with top candidate Martin Schulz challenge the conservative Christian-Democrats (CDU) of Angela Merkel and Wolfgang Schaeuble. While it seemed that the former President of the European Parliament Schulz would have it hard to challenge the Chancellor, the results of …

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Turkey’s appetite for expansion has not been satisfied with the massive airspace violations, the provocative visit of its top brass at Imia islet and the challenging statements. Now Prime Minister Binali Yildirim wants 130 islets and rocks i the Aegean Sea. Speaking to reporters in Ankara, Yildirim said that there …

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European creditors continue the hard line towards the Greek government with a clear message: The institutions representatives will not return to Athens if the government does not agree to legislate now additional austerity measures for the years 2019 and 2020. Citing an anonymous sources in Brussels, private ANT1 TV reported, …

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SYRIZA lawmaker and former Alternate Minister of Culture Nikos Xydakis shocked the political world and the public opinion on Tuesday morning when he implied a possible Greek withdrawal form the eurozone. Xydakis said that speaking about Drachma is a taboo and that there should be no taboos when we speak …

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The so-called Balkan migration route has been the focus of attention at a mini summit in Vienna of leaders from affected countries. Austrian Chancellor Christian Kern welcomed head of states form Germany,Albania, Bulgaria, Croatia, Greece, Macedonia, Romania, Serbia and Slovenia as well as the European Council President Donald Tusk. The …

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Greek Finance Minister Yanis Varoufakis uploaded on his blog the analytical proposal he presented at the Eurogroup meeting on Thursday. IT is th eofficial proposal of Greece to solve the crisis and achieve an agreement with the country’s lenders. The proposal is based on three pillars: a package of reforms …

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Recession? Unemployment? Poverty? Over-taxation?  Padlocks in businesses? Braindrain? It’s all there. In an article posted on Wall Street Journal. Pure and official statistics. The Numbers: Greece in Crisis Greece is reeling from the effects of the biggest economic crisis in its recent history. Here are some statistics underscoring the severity …

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The Budget Office of Greek parliament summarized the tax increases that took place since the country sought the aid of International Monetary Fund. The report was thought as an answer to finance Minister Yiannis Stournaras who denies the Greek households were overtaxed. “A series of tax increases from 2010 up …

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The incredible pressure on Cyprus, from the European Union in general and Germany in particular on Cyprus could not but inspire cartoonists. Sharks are swimming around the island trying to size the banks assets, while Chancellor Angela Merkel has put all cutting option on the table. More cartoons in zerohedge.com …

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Greek Prime Minister Antonis Samaras sent a message to the Troika to reduce tax rates in order to get investors in Greece. Speaking to the event “Development Strategy: Europe 2020 – Fostering Business Collaborations in Greece”, Samaras called for the introduction of a single tax rate (flat tax) of 15% for  entrepreneurs. …

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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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 Chief of euro group Jean-Claude Juncker warned that the euro zone would break apart and urged the EZ and EU leaders to save the currency union saying ‘there was no time to lose. Speaking to German Sueddeutsche Zeitung,  Juncker also criticized German officials for their statements about a Greek euro exit. In …

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 The Euro Zone is really boiling. Spain angered EZ-partners France and Italy when it issued an allegedly joint statement in which apparently the three countries called for the swift implementation of the measures agreed at the Euro Zone Summit in June. Earlier Tuesday the Spanish government said in a statement that …

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  As Greeks wait for a second eurozone rescue package to finally be agreed in Brussels today, many are blaming Germany and France for encouraging and benefiting from some of the much-criticised profligate spending which reduced Greece to near bankruptcy. Do France and Germany have a share on the Greek …

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Nice and clean underwear, like a sexy boxer! It is a must-have, claims STAR.gr. And I add, that a debt-ridden Greek man should keep , if nothing else, at least his underwear dignity! Star advises men to avoid underwear with hearts, teddy bears or cartoons, not even animal print or a … string [ …

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