Tag Archives: debt relief

Tsipras vs Schaeuble and in the middle the Debt Relief. They will hardly manage to agree. Speaking at the congress of SYRIZA, Greek Prime Minister Alexis Tsipras said on Thursday that the country would demand a debt relief deal from bailout lenders by Christmas. “We are not coming as beggars …

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Fiscal policy is not sustainable – Debt relief in needed – Weak growth perspective – Tax collection 50% below the target – Investment decreased by 60% –  The Rich and the self-employed evade taxes – Cut tax allowance and pensions but also tax rates. This is the message the International …

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Prime Minister Alexis Tsipras warned eurozone leaders on Thursday Greece would struggle to return to sustainable growth without a debt-relief deal. In an interview with French newspaper Le Monde, Tsipras said he expected the recession-stricken Greek economy to return to growth in 2016 and expand by 2.7 percent next year …

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Greece could secure short-term debt relief measures “very soon” if it implements remaining reforms agreed under its bailout program, the head of the euro zone’s bailout fund, the European Stability Mechanism (ESM), Klaus Regling said on Saturday. “We have been working on them (short-term debt relief measures) and they could …

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“Europe must stand up to the challenge, to turn its gaze to the future by signing a new social contract that will guarantee the prosperity of its people,”  Prime Minister Alexis Tsipras posted on his Facebook account. The message has been uploaded on the occasion of the anniversary of the …

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A day before arriving in Athens US Treasury Secretary Jack Lew used the political situation in neighboring Turkey  – “Turkish turmoil” – to argue in favor of a Debt Relief for Greece. In an interview to Financial Times, Lew said “I would hope [the recent regional upheaval] would change the …

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Few days before the crucial Eurogroup meeting on May 24th and there is still a grave gap between the International Monetary Fund and German-led eurozone about the Greek debt relief. The IMF reportedly came up with a new proposal. According to Dow Jones, the International Monetary Fund is pressing the …

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I told you so a couple of days ago: whatever the question, Schaeuble’s answer is always NEIN! German Finance Minister Wolfgang Schaeuble confirmed me when he rejected the proposal of the European Stability Mechanism for Greece’s Debt Relief, capped interest rates and purchase of part of the Greek debt to …

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He maybe felt alone at the Eurorogroup meeting on Monday and remained silent in a rare move to not spoil the fun. But he could not keep himself under control for long time. German Finance Minister Wolfgang Schaeuble said on Tuesday evening that he sees no reason for a real …

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“we are closer to a compromise agreement on the package of emergency measures and the closure of the first evaluation of the Greek program, but we are not there yet” an eurozone official told Athens News Agency after the Euro Working Group concluded its work on Monday in preparation of …

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Finance Minister Euclid Tsakalotos was already in Brussels, when the Greek Parliament was voting to adopt the Pensions Reforms and new Taxation bill short after midnight. In order to avoid that even one vote is missing, Tsakalotos made use of the option to vote per letter. He was certainly happy …

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Just a couple of days before another crucial Eurogroup meeting on Greece, the Managing Director of the International Monetary Fund, Christine Lagarde sent a letter to all 19 eurozone finance ministers asking them to begin talks on Greek Debt Relief “immediately, or risk losing IMF participation on the Greek program. …

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General Secretary for Fiscal Policy Frangiskos Koutentakis outlined Greece’s vision of debt relief. Speaking at an international conference in the USA, Koutentakis presented Greece’s terms as follows: – No nominal “haircut” of the Debt or anything that could cause damage to taxpayers of the European partners and international lenders. – …

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The European Stability Mechanism has acknowledged that it is considering ways to grant debt relief to Greece, possibly by fixing the interest level at current low rates or by extending its maturities further. The ESM said in August 2015 that euro area finance ministers stood ready to consider, if necessary, …

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Greek program Review, Debt Relief, participation of International Monetary Fund in Greece’s program. Key words for a temporary solution that would allow Greece to receive a bailout tranche and avoid default to its lenders. However, the key players, Greek government, Germany and the IMF still have not found a formula …

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The International Monetary Fund wants Greece’s European partners to grant Athens substantial relief on its debt which it sees remaining “highly unsustainable”, an IMF draft memorandum says. However, German Finance Minister Wolfgang Schaeuble insists that he sees no need for debt restructuring. According to IMF memorandum seen by Reuters: “Despite …

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Talks between Chancellor Angela Merkel and International Monetary Fund (IMF) head Christiane Lagarde on Tuesday underscored the differences between Germany and the IMF on dealing with the threat of new financial crisis in Greece. Speaking at a joint press conference after the meeting, Merkel ruled out again debt relief for …

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This was certainly a surprise. Eurgogroup head Jeroen Dijsselbloem made an unexpected statement: that the issue of the Greek debt relief would start once the 3. bailout review is successfully concluded. This could happen sometime in April. Dijsselbloem’s statement was a surprise because Greece’s European creditors, that is German Finance …

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Remember when we used to have these old record players and sometimes there was a problem with the needle and it would get stuck? The Eurogroup seems to have the same problem. Its needle sticks and it repeats the same thing again and again. After the meeting today, in his …

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The International Monetary Fund is apparently concerned about its image. “I really don’t like it when we’re portrayed as this draconian, rigorous, terrible IMF,” Managing Director Christine Lagarde said on Thursday in an online news conference. “We don’t want draconian measures to apply to Greece, which has already made a …

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