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Tag Archives: debt

Eurogroup warns: No debt forgiveness for Greece; Dijsselbloem in Athens

The eurozone has ruled out debt forgiveness for Greece and warned Alexis Tsipras that his anti-austerity coalition government must honor all past agreements with international creditors. In a meeting of eurozone finance ministers in Brussels on Monday, a day after left-wing SYRIZA won the parliamentary elections, the euro bosses warned …

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ECB’s QE: Greek bonds are in under conditions

The European Central Bank announced its Quantitative Easing (QE) program and set limits on buying Greek government bonds for at least six months. ECB President Mario Draghi said that Greece will be ineligible for the ECB’s 1.1 trillion-euro ($1.3 trillion) program until at least July because of limits on how …

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Deputy FinMin Staikouras admits: “Greek debt is not sustainable”

SSSS-U-rrr-P-R-I-S-E! Greek deputy finance minister Christos Staikouras admitted that “the Greek debt is not sustainable and its relief will require negotiation.” In an interview to weekly Parapolitika, Staikouras said: “The public debt has been gaining strong increasing dynamics, whether in absolute levels or in relation to GDP, the debt is …

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Olli Rehn: Troika to evaluate Greece’s debt sustainability in September

Troika here, EU there, Schaeuble & Merkel lead the dance.  In the middle the sustainability of Greece’ debt that does not decrease despite strict austerity measures and tax tsunamis. A third ‘rescue’ package is on the way. “Greece’s international lenders will step up their assessment next month of how the …

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FinMin Stournaras: Greece could return to debt markets in 2014

Greece could return to debt markets to test the water in the second half of 2014 if his country returns to growth in the first half of next year and manages a primary surplus, its finance minister said in a German media interview out on Monday. “That would be a …

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IMF Report: Greece Will Miss Debt Target in 2020

What? Greece will miss it’s debt target? The austerity-hit and recession-ridden country will need more ‘reform’, that normally translates into ‘additional measures’? No problem. We, Greeks, are large and can give anything to our lenders. “Greek debt will be above the target of 120 percent of GDP in 2020, a …

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KEPE: Greece’s Debt not Sustainable without Interventions

Greece’s public debt is on a non- sustainable path even after a restructuring earlier this year, the nation’s Center of Planning and Economic Research said. The country will not be able to cut its debt to 120 percent of gross domestic product by 2020, as required under a bailout from …

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Impressive ‘Black Hole’ of 7Bn EUR in Greece’s Budget Deficit

Despite the emergency taxes and levies and the hikes in Value Added Tax, Greece’s Budget deficit derailed and recorded an impressive black hole of €6.886 billion in the first eleven months of 2011. “The budget deficit widened 5.1% from January to November 2011 due to deeper than expected recession” the Finance …

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Guest Post: A Very European Financial Coup d’état

Our KTG-friend Cheshire Cat just submitted his latest post of ” A Very European Financial Coup d’état”. To tell you the truth, I’m glad to see more and more people speaking of a Coup d’ Etat triggered by the markets and facilitated by the inability of the EU leaders to cope …

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