debt restructure Archives - Keep Talking Greece

Varoufakis: “Anything better than confining us to an austerity hole, where we shrink every day”

February 26, 2015 Economy 1

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 …

ECB’s Coeure: Greek debt held by ECB cannot be restructured

January 9, 2015 Economy 2

Greek government debt bought by the European Central Bank to help Greece during the sovereign debt crisis cannot be restructured, ECB Executive Board member Benoit Coeure said in an interview with France 24 TV station. Greece will hold a parliamentary election on Jan. 25, with a lead in the polls …

Merkel’s spokesman denies, she had agreed to Greek debt restructuring

December 3, 2012 Economy Comments Off on Merkel’s spokesman denies, she had agreed to Greek debt restructuring

German Chancellor Angela Merkel (CDU) feels, she was misunderstood in the issue of debt restructuring for Greece. There was “no change of mind,” of the chancellor, government spokesman Steffen Seibert said Monday. Merkel does not endorse any “debt write-off”. She did not explain anything different than during the Eurogroup meeting. “To …

The Economist: GR, IE & PT should restructure debt – They’re bust!

April 1, 2011 Economy Comments Off on The Economist: GR, IE & PT should restructure debt – They’re bust!

That’s a nice article to boost our spirit. And thus on April Fool’s Day, on the first day of the month. Stoned-aged old grannies used to say “How the month begins, so the month ends”. They meant that if the first day of the month is good/bad, the whole month would be good/bad. Old grannies …

When The German Beatles rule the EFSF

March 16, 2011 Economy Comments Off on When The German Beatles rule the EFSF

Remember the lyrics from the Beatles’ song Yellow Submarine? There is a line “And the band begins to play” followed by trumpets playing “PrAMPrAMPrAM-PrAM!” That was in the late 60’s but associative thinking to today’s world make songs like that a ‘classic’. Because they are diachronic. The Beatles have fallen …

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