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Tag Archives: Dragasakis

Greece’s Development Bank to go in operation in April, says Minister

Greece’s Development Bank “already operates informally,” said Economy and Development Minister Yiannis Dragasakis. He stressed that the Bank is soon to be founded under draft legislation and go in operation right afterwards. The legislation was recently unveiled for public consultation, the bill is expected to be a law in upcoming …

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Financial problems in Italy could impact Greece, says FM Kotzias

When Greek politicians are outside …Greece, ‘Greece worries about the impact of the financial problems in Italy.’ When Greek politicians are inside …Greece, ‘everything is under control.’ Two contradictory statements on Two contradictory statements on the same day: one by Foreign Minister, Nikos Kotzias, and one by Economy Minister, Yannis …

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Breakdown in talks, as Greece walks out in Brussels. Now what?

The Greek delegation walked out the negotiations with creditors representatives in Brussels on Sunday afternoon. During the meeting that lasted 46 minutes, the Greek side submitted revised proposals but they were considered as “insufficient” by the creditors. A difference gap of 2.6 billion euro remain between the two sides. According …

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Deputy PM Dragasakis: “We have a long list of investment opportunities”

Real and potential investors were shocked on Wednesday to hear new Greek coalition government government ministers announcing the halt of privatizations. Most worried of all,  is China with its 35-year concession agreement for its COSCO subsidiary in Piraeus – in operation since 2008 – and its plans to buy large …

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