Tag Archives: deal

In an interview to Irish Times,  Finance Minister Yanis Varoufakis spoke about the agreement Greece reached at the Eurogroup meeting last week and the ways the indebted-country has to come out of austerity. Below some excerpts: “The deal managed to separate Greece’s loan agreement with its creditors from the memorandum …

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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 …

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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 …

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After seven months of tough negotiations between the Greek government and the representatives of the country’s lenders, the Troika, a deal was sealed on Tuesday. Right after the deal, Greek Prime Minister Antonis Samaras held a press conference where he announced where and how the primary surplus will be distributed …

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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 …

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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 …

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“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. …

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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 …

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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 …

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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 …

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