Dragasakis Archives - Keep Talking Greece

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

March 1, 2019 Economy Comments Off on 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 …

Financial problems in Italy could impact Greece, says FM Kotzias

May 29, 2018 Economy 1

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 …

Greek Govt blames “IMF and two European Countries” for review delays

March 12, 2017 Uncategorized 11

Deputy Prime Minister Yiannis Dragasakis directly blamed the International Monetary Fund and two European countries for the delays of the second review of the Greek program. Speaking to newspaper Ethnos tis Kyriakis, Dragasakis said that the second review could have concluded by December 5th, if it wasn;t for the IMF …

Ex deputy PM admits Tsipras gov’t was unable to borrow “from third countries”

September 9, 2015 Economy 15

High-ranking SYRIZA official and one of the party’s top economist, former deputy Prime Minister Yannis Dragasakis, admitted that the SYRIZA-led coalition government was unable to borrow money from third countries and that therefore it was obliged to sign the July 13th agreement. At the same time, he revealed that before …

Greek banks: liquidity apprx €1bn – ATMs “full over weekend”

July 3, 2015 Economy 19

What has been rumored since the morning, takes a shape in the afternoon: that the cash reserves of Greek banks are shrinking. The rumor started when some pensioners could not withdraw €120 on Friday if they had withdrawn €60 via ATM the day before. The concern increased, when several debit …

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

June 14, 2015 Economy 17

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 …

Angry at creditors: “Greece can’t make more concessions”; several ministers speak of “snap elections”

June 2, 2015 Economy 12

Creditors did not manage to agree on a joint position towards Greece at an emergency meeting Monday night in Berlin. Officially, all they decided about was that “work had to speed up”. No statement was released. But the Greek government is angry as it was waiting for a political decision …

Deputy PM Dragasakis warns of “liquidity problem” if no solution found with Greece’s partners

March 19, 2015 Economy 3

“If no solution is found with the partners, we will have an imminent liquidity problem,” deputy Prime Minister Yiannis Dragasakis told private Alpha TV on Thursday. “Since last August we have not received any bailout tranche, and so far both the previous government and we have paid our obligations to …

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

January 29, 2015 Economy Comments Off on 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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