Tag Archives: deal

The Greek government signed a combat-the- tax-evasion deal with the German Federal State of Northrhine-Westfalia. The Germans will help the Greeks with know-how, staff training and data sharing. Based on the agreement conditions, 50 Greek tax officers will go to NRW and get the appropriate training to combat one of …

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Finally a bank deal to get rid of non-profit bringing subsidiaries. Qatar’s National Bank acquired the Finansbank stake of National Bank of Greece for €2.7 billion. The stake of National Bank in Turkey’s Finansbank was 99.81 percent. However, Greek media report that the acquisition price is much higher as the …

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The European Union reached a super deal with Turkey in order to get rid of the Refugees problem. The EU promised Turkey €3 billion cash and opening the ‘frozen’ chapters that would allow Turkey’s accession to European Union. On its part, Turkey promised to handle the flow of refugees into …

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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 biggest privatization case is not lost. German state-run enterprise FRAPORT expressed confidence that it can indeed sign the contracts for the privatization of 14 regional Greek airport in a couple of months. The deal that was threatened to go bust in August when the German partner of the German-Greek …

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Yesterday, we “celebrated” the Greek government decision to seal the deal and give the privatization of the country’s top 14 regional airports to German-Greek consortium Fraport-Slentel. Yesterday, we welcomed German state-run enterprise FRAPORT for ‘helping  Greece’ as some German media underlined. Today, FRAPORT seems to reconsider the offer it made …

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Who would have though! A German company, airport operator FRAPORT won the bid to operate and maintain 14 regional airports, considered to be top of the top in Greece. With an offer of 1.23 billion euro, the consortium of Fraport -Slentel (a unit of Greek energy group Copelouzos) won the …

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After a negotiations marathon that lasted 22 hours, the Greek government and its creditors reached an agreement on the 3. bailout for Greece. Information indicates that there have been compromises on both sides so that the deal could be sealed on technical teams level, some minor issues were still open. …

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After 6 hours the meeting between Greek PM Alexis Tsipras with EC’s Juncker, ECB’s Draghi and IMF’s Lagarde concluded without a positive result, without a deal. Apparently the differences between Greece and its creditors remain. Immediately after,  the Eurogroup started and thus despite the fact due to lack of Tsipras-creditors …

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Eurogroup meetings, Institutions meetings, Euro Leaders meetings. Monday’s race between Greece and the creditors ended … early Tuesday without a deal. But with a perspective for a deal. And a bombastic package of austerity measures worth 8 billion euro for 2015 and 2016.       Three Shades of Grey – …

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The governor of Central Bank of Greece, Yiannis Stournaras wrote his annual report and forwarded it to the Greek Parliament and Tsipras’ cabinet. In his 141-page report Monetary Policy 2014-2015, the former Finance Minister of Samaras-Venizelos government warned that Greece faces an “uncontrollable crisis”, if a deal cannot be reached …

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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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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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Suppose there is no deal reached by June 5th between Greece and its creditors, suppose that no bailout money arrives in Athens, suppose the Greek government and the Greek Finance Minister do not transfer the money to the International Monetary Fund on June 5th. What will happen? The IMF will …

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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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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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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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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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“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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