Tag Archives: debt relief

Eurogroup head Jeroen Dijsselbloem appeared at the Plenary of European Parliament for the first time after he stirred the Europeans of the South with insulting remarks. He made a kind of apology saying “I did not want to hurt anyone.” But as the Plenary topic was Greece, Dijsselbloem gave a …

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The International Monetary Fund fully adopted the line of German Finance Minister Wolfgang Schaeuble. Managing Director Christine Lagarde said that debt restructuring for Greece was needed but the IMF will not insist on upfront debt relief measures. Modalities must be decided upfront, Lagarde said adding that the IMF is  still …

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Greek debt interest deferrals would amount to €120bn over 23 years, the German finance ministry has calculated. Wolfgang Schaeuble can only say NEIN. The Greek government can keep struggling to persuade its creditors for ease of repayment terms. In vain. In an internal paper obtained by German economic news daily …

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The otherwise so slow-paced European Union was quick to react to the social measures Greek Prime Minister Alexis Tsipras announced five days ago. The country’s European creditors decided to freeze the minor debt relief for Greece in protest at Greek government’s Christmas bonus to low-pensioners and scrapping upcoming Value Added …

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The short-term measures announced by the Eurogroup on Monday will lower Greece’s debt by more than 45 billion euros, while rates were set at 1.5 percent, government sources said on Monday, commenting on the meeting of Eurozone’s finance ministers in Brussels. “It is a national success,” the same sources said, …

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The European Stability Mechanism (ESM) is currently working on proposals for the implementation of the agreed short-term measures regarding the Greek debt relief, Dennis Kolberg, the spokesman of German Finance Minister Wolfgang Schaeuble, said in exclusive statements to the Athens-Macedonian News Agency. “Eurogroup agreed on May 24 to take short-term …

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The euro-zone member states are planning a new round of debt relief for Greece that would allow the country to profit from low interest rates, Handelsblatt has learned. The currency union’s bailout fund, the European Stability Mechanism or ESM, would secure Greece against rising rates by offering the country bonds …

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Without conclusion of the second program review there will be no discussion on debt neither we will enter ECB’s Quantitative Easing and consequently return to the markets. This dramatic warning came from Greece’s Finance Minister Euclid Tsakalotos on Monday. Speaking at the conference “Time for the Greek Economy” in Athens, …

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The vast majority of Greeks want that the country’s political parties join forces for a common national policy on the debt relief. At the same time, while the majority of Greeks evaluates as positive the visit of US President Barack Obama in Athens last week, they are divided when it …

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The European Union should discuss debt relief for Greece and potentially move ahead even without the International Monetary Fund, Portuguese Finance Minister Mario Centeno said in an interview published Tuesday by the Bild newspaper. “We have to start this discussion,” the German newspaper quoted Centeno as saying. Eurozone finance ministers …

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“Greece will not have a problem with the debt service in the next decade” German finance minister, Wolfgang Schaeuble claimed for one more time at a conference of bankers in Frankfurt. According to ANT1, Schaeuble reiterated ” the need to implement reforms in public administration, labor and in regulation of …

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Greek Finance Minister, Euclid Tsakalotos urges Germany and other creditors to quickly on the debt relief and warnes that failure to act would threaten Greece’s  hopes of recovery In an interview to Wall Street Journal, Tsakalotos warned the country’s creditors  to agree on a debt restructuring in coming weeks, or …

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Winds of Change? Juncker, Moscovici and Dijsselbloem ‘secretly’ plot an uprising and revolt against Schaeuble? Eurogroup head Jeroen Dijsselbloem said that the Greek government is very committed and more cooperative than the other governments under the bailout agreements and that the Eurogroup will discuss debt relief measures on December 5th …

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Despite the excitement over US President Barack Obama in Greece and his message of support for Debt Relief, just hours before he lands in Berlin, Germans remain cool and even underestimate the influence of the outgoing President. “What is the weight of Obama’s words in Washington and Europe?” German state …

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US President Barack Obama on Tuesday in a meeting with Greek Prime Minister Alexis Tsipras congratulated “the Greek government and the Greek people for moving forward to a very challenging process. “My hope is that given the growth we saw this year, we can build on the process. The reforms …

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In principle, the finance ministers of the eurozone agree for a small measure of short-term debt relief for Greece. But German FinMin Wolfgang Schaeuble insists: no discussion before the end of current bailout program in 2018. yesterday, he added, It would be “complete nonsense” to advance new measures on debt …

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Greece’s prime minister told his new cabinet on Sunday that Athens “can and will” conclude its second bailout review in time for long-awaited debt relief talks to begin in December. Alexis Tsipras reshuffled his government on Friday and urged his ministers to work hard to rapidly complete the review, which …

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A very optimistic Greek Prime Minister appeared before high-ranking officials from Arab states and representatives of ten chambers of commerce, fifteen investments funds, forty companies and financial institutions from the Arab world. Speaking at the first “EU-Arab World Summit-Partners for Growth and Development” in Athens on Thursday, Alexis Tsipras said …

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Germans have the solution to Greek Debt crisis: temporary return to Drachma and unconditional debt relief. The idea comes from Austrian economist Gabriel Felbermayr, Director of Foreign Economy Department at conservative think-tank Ifo (Institute for Economic Research) is a Munich-based research institution and one of Germany’s largest economic think-tanks. In …

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Outdoing US President Barack Obama is scheduled to visit Greece November 14-15, Greek media report adding that high on the agenda in his meeting with Prime Minister Alexis Tsipras will be the debt relief. However, the visit has not be officially confirmed yet. The White House said yesterday it had …

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