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Tag Archives: debt crisis

Dijsselbloem: Greece review will not conclude at Eurogroup Feb 20

Jeroen Dijsselbloem said that the second review of Greece’s program will not conclude in time for the next Eurogroup meeting scheduled for Monday, February 20. The Dutch finance minister who is also head of the Eurogroup stressed that the participation of the International Monetary Fund remains essential for the continuation …

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IMF vs EU Commission on Greece debt sustainability – Poll

The fronts remain unmovable: the International Monetary Fund and the EU lenders are stuck in their position regarding Greece debt sustainability. Big boys and girls playing with numbers, false multipliers and wrong forecasts on the back of millions of Greeks. Big boys and girls playing with the fates of millions …

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Obama calls Tsipras, talks about Refugee & Debt crisis, Cyprus

Us President Barack Obama had a phone conversation with Greek Prime Minister Alexis Tsipras on Thursday.According to a White House press release, Obama called Tsipras to congratulate him for his Elections success on September 20th. The two leaders discussed Greece’s reforms to achieve debt sustainability, the Syrian refugee crisis, and …

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POLITICO: The Dirty Dozen – 12 people who ruined Greece

Who drove Greece to the economic and consequently political ruin? Apparently there have been 12 people or better say categories of people who have put their hands in ruining Greece. Political magazine POLITICO makes a historical approach to find those responsible for the troubles that have been harrowing the country …

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EUROSTAT: Austerity-hit countries pay for electricity & gas as much as the rich EU North

Good that there are statistics and we can base our complains on real facts and statistical data. Eurostat found out that household electricity and gas prices rose between the second half of 2011 and the second half of 2012 in the Europe of 27. In simple English, that is between …

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Europeans from crisis-hit South flock to Germany seeking work

Mass migration revived in times of debt crisis, recession, austerity and unemployment. From European door to European door, so to say. One million people from the European south moved to Germany in 2012, Germany’s statistics authority said on Tuesday. And majority of the new European migrants came from Spain, Greece …

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ECB’s Mario Draghi Saves the Euro with Bond-Buying Plan

Ufff! The euro is saved. And together with euro, we, debt-ridden European Southerners, are save too. Head of European Central Bank, Mario Draghi announced on Thursday, that the ECD will buy bonds of countries in debt crisis until they recover. Draghi’s decision comes despite Germany’s objections fearing that member states …

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Francois Hollande: “We Need to Lighten the Burden on Greece”

Austerity without growth is not a solution. The Socialist candidate in the French presidential election Francois Hollande have understood this and included solutions for Greece in his pre-election campaign. ” We need to lighten the burden on Greece, Hollande said adding that if he beats Nicholas Sarkozy, he would “convince Greeks …

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Pimco:”Greece was a Zit, Portugal is a Boil, Spain is a Tumor”

That’s an economic analysis and dermatological condition description in 140 characters. Bill Gross, bond guru and manager at the world’s biggest investment management company PIMCO used his Twitter account to schratch some pimples from the bottom side of his Frankenstein moon. “Bill Gross, the world’s biggest bond manager, put the matter …

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Germany, France & Holland Sold Greece €1 billion of Arms Amid Debt-Crisis

There is no money for wages, pensions, medicines and books, but there is money for arms. Especially when they are sold by EU countries, our eager-to-bailout-Greece friends. Friends willing to give loans but only under one condition: Trade “arms” for “bailout”.  Citing official EU figures, the website euobserver.com revealed that Eu countries like Germany, …

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Greek PM Fevers Ahead Talks with Merkel-Sarkozy on Sept 14

Feverish meetings were held in the office of Greece’s prime ministers’ office on Tuesday ahead the teleconference of George Papandreou and German Chancellor Angela Merkel and French President Nicolas Sarkozy on Wednesday, Sept 14th 2011. The meeting with top economists of the country were made under the specter of an …

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