Wednesday , May 22 2019
Home / Tag Archives: deal (page 3)

Tag Archives: deal

Greece sends additional Reforms Proposals to Brussels

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 …

Read More »

Paul Krugman: Ending Greece’s Nightmare

Hardly has been announced that SYRIZA won the elections and several internet trolls started their poisonous work, also here in this blog.  Trolls came out of their caves and rub their hands full of glee and sardonic smiles as their venomous saliva running down their jaws. They set up their clock …

Read More »

“Temporary” turns “permanent”: solidarity levy & trade fee

It’s a common knowledge that nothing is more permanent than the temporary. And so, the solidarity levy and the trade fee, that is the extraordinary taxes imposed by the Troika will most likely be collected also after 2015. Greek media report that the Greek government and the country’s lenders representatives …

Read More »

Cheap natural gas for all! Greece – Gazprom reach price reduction deal

Greece’s  state-run natural gas distributor DEPA and Russian energy giant Gazprom reached an agreement on gas supply with price cuts backdated to last June. The deal announced by Greek Environment Ministry on Tuesday will have immediate impact to private consumers and industry. Greece’s state-run natural gas distributor DEPA said that …

Read More »

Deal sealed: Piraeus Bank buys 3 Cypriot banks units in Greece for €524 million

Greece’s Piraeus bank announced that it will acquire the branches of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank in Greece for 524 million euro.  The announcement was made Tuesday noon. The branches of these banks will open on Wednesday, March 27th 2013 and all operations will be performed …

Read More »

German FinMin Schaeuble: “Banks closure limited capital flight from Cyprus”

“The Cyprus deal is a ‘fair’ agreement that lies on the German position,” finance minister Wolfgang Schaeuble said during a press conference in Berlin on Monday, after returning from Brussels. “Europe is in solidarity, Europe remains in solidarity. But you have to remove the causes that lead to such a crisis. …

Read More »

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 …

Read More »

SIEMENS – Greece Reach Deal Over Bribes Scandal

A big apology, investments in Greece, 700 new jobs and scholarships is the compensation that the giant SIEMENS will pay to Greece for the bribes it gave fro several decades to secure public contracts. The compensation list includes also  170 million euro in cash and a statement of support that …

Read More »

WSJ: German-IMF Rift Stalls Greece Deal; PSI vs OSI

The PSI deal is here, there and everywhere… While Greeks, investors, several finance experts and journalists are eager to see the deal finally complete, it looks as if there is some rift that between two of Greece’s lenders and central players: Germany and the International Monetary Fund. Here is an excerpts from the interesting article by …

Read More »