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Academy of Athens honors outgoing ECB chief Mario Draghi

October 2, 2019 Greece Comments Off on Academy of Athens honors outgoing ECB chief Mario Draghi

The Academy of Athens honored the outgoing President of the European Central Bank (ECB) Mario Draghi for his role in rescuing the European economic and monetary union and for his response and actions in dealing with the debt crisis in the Eurozone. “His contribution is significant and is universally recognized,” …

Draghi: There was no Plan B for Greece, he didn’t want Grexit

September 30, 2019 Economy Comments Off on Draghi: There was no Plan B for Greece, he didn’t want Grexit

Outgoing head of the European Central Bank, Mario Draghi, has said that he was never part of the camp that wanted “to let Greece go” from the eurozone during the deadlock between lenders and the then recently elected SYRIZA party in 2015. In an interview with the Financial Times published …

ECB Draghi: Greece can become part of QE, if it has a waiver

July 9, 2018 Economy 3

Head of the European Central Bank, Mario Draghi, said on Monday that Greece can be part of Quantitative Easing program (QE) if it has a wavier. He reiterated that the ECB will make its own sustainability analysis of the Greek debt after it exits the bailout program. Responding to questions …

Greece’s Creditors troll Greeks: The best of Eurogroup quotes

June 22, 2018 Economy 1

One after the other, the heavy weights of the Eurozone took the floor after the extensive and exhausting 9-hour Eurogroup meeting on Thursday. They started to congratulate each other and praise the deal they reached with Greece. In fact, they did not reach any deal that normally occurs after lengthy …

Eurogroup returns to blackmail policy, freezes €5.7bn disbursement for Greece

February 20, 2018 Economy 2

The Eurogroup most obviously returned to blackmail policy after it officially admitted Greece has met 108 out of 110 prior actions. It froze the disbursement of 5.7 billion euros at the meeting on Monday. Furthermore, the finance ministers of the eurozone got to know the hidden personality side of Euclid …

ECB Draghi calls for “full geographical coverage of foreclosures across Greece”

January 24, 2018 Economy 3

The president of the European Central Bank, Mario Draghi, has called for full geographical coverage of foreclosures across Greece. In a letter to European Parliament Member Nikos Chountis, Draghi said that while Greek authorities have made “welcome” progress in recent weeks to speed up foreclosures and help banks reduce their …

Nice Profit: ECB made €7.8billion from Greece’s financial crisis

October 11, 2017 Economy 5

The European Central Bank (ECB) has profited handsomely from its holdings of Greek government debt, according to a document seen by the Financial Times. A written response to a request from Greek MEP Nikos Chountis (Popular Untity) showed the bank collected €7.8 billion in interest payments between 2012-2016 on Greek …

Draghi signals Greek debt measure not enough for QE inclusion

June 27, 2017 Economy 4

European Central Bank President Mario Draghi effectively put an end to a debate about the inclusion of Greek bonds in the ECB’s asset-purchase program, saying commitments offered by creditors earlier this month still don’t provide sufficient clarity on the country’s future debt path. The debt measures Greece adopted are “still …

Bankers see no Greece participation in ECB QE participation before German elections

May 4, 2017 Economy Comments Off on Bankers see no Greece participation in ECB QE participation before German elections

Senior bank officials hail the provisional agreement between the government and its creditors as a major step toward the normalization of the economy and the credit system but estimate it will take more time for the country to join the European Central Bank’s quantitative easing (QE) program. They note that …

ECB Draghi had no right to close Greece’s banks

March 7, 2017 Economy 3

The decision of the European Central Bank to freeze the emergency liquidity in summer 2015 and force the Greek government to close the countries bank was possibly not legal. This is stated in the Italian daily Il Manifesto that quotes Fabio de Masi, member of German Die Linke in the …

Varoufakis launches petition urging Draghi to publish legal opinion on Capital Controls

February 23, 2017 Economy 4

The European Central Bank has commissioned a legal opinion on the legality of the imposition of capital controls in Greece end June 2015. But ECB chief, Mario Draghi refuses to make the findings public. Former Greek finance Minister Yanis Varoufakis and French Socialist Party candidate for the Presidency Benoît Hamon …

Draghi: Greece must complete 2nd review and have sustainable debt to join QE

February 6, 2017 Economy Comments Off on Draghi: Greece must complete 2nd review and have sustainable debt to join QE

A sustainable Greek debt and completion of the second review of the Greek programme are necessary prerequisites for Greece’s inclusion in the quantitative easing, European Central Bank (ECB) President Mario Draghi said on Monday. Addressing the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Draghi explained that the sustainability …

After Draghi’s admission…. What’s the Bill for Grexit?

January 22, 2017 Lifestyle 6

In a stunning admission, chief of European Central Bank, Mario Draghi said that a country can leave the Eurozone but must “Settle its Bill First”. He practically gives the green light to EZ member states wanting to leave the monetary union. In a letter to two Italian lawmakers in the …

ECB Draghi: First analysis of Greek debt sustainability, then QE

October 20, 2016 Economy Comments Off on ECB Draghi: First analysis of Greek debt sustainability, then QE

Head of the European Central Bank, Mario Draghi expressed concern about the sustainability of the Greek debt and said that assessment on the debt was necessary before Greece could participate in the Quantitative Easing Program. “Discussions on the sustainability of the Greek debt continued. We expressed concern, and steps should …

Schaeuble “blames” weak euro & ECB policies for German export surplus

September 12, 2016 Economy 5

It is not secret that Germany categorically opposes the policies of the European Central Bank. What bothers German most are the zero interest rates. However, economically strong Germany is the winner of the opportunities a weak euro offers. Economists predicts that this year, Germany’s current account surplus would probably hit …

ECB’s Draghi calls on Eurozone-members to proceed with “structural reforms”

June 9, 2016 Economy 2

President of the European Central Bank, Mario Drahi, called for structural reform of the Eurozone and called on the 19 members to proceeded with them as soon as possible. The cost of delaying structural reforms is “too high, by hurting labor and productivity that reduces economic potential in the long …

Mario Draghi: No ECB decision on Greek waiver yet, program Review first

June 2, 2016 Economy 2

Much awaited, nothing happened… The waiver keeps waving form far away. President Mario Draghi said today that the European Central Bank board of directors did not switch green light ON in order to accept Greek bonds as collateral. At a press conference in Vienna, Draghi said: “Once the prior actions …

Greece – Creditors deadlock: The Lunatics have taken over the Eurozone and the IMF

April 27, 2016 Economy, Politics 2

Do you remember this chaotic film with Nick Nolte who jumped into the chaotic family of Bete Midler and Richard Dryfuss creating even more chaos? The film title was Down and Out in Beverly Hills and then it was this other film “One flew over the Cuckoo’s Nest.” What we hear …

ECB’s Draghi fired his bazooka and brought rates down to ZERO%

March 10, 2016 Economy 1

A shock for the little man who still had some money in the bank and used to get something in exchange. A couple of euros to pay the fuel or the bus ticket in order to go to the bank and fix a new date for his deposit. Central European …

UPD “It’s Kids drowning in the Aegean, stupid!” – 42 Migrants dead in two boat incidents, among them 17 children

January 22, 2016 Refugees, Very Mix 4

At least, 21 people have died in two separate boat wreckage that occurred during the night in the Aegean Sea. According to the Greek Coast Guard, a wooden boat carrying 48 people from Turkey to Greece sank off the island of Farmakonisi. The cost guard rescued a little girl, forty …

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