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Tag Archives: EC

EU Commission stopped funds for Greece’s ERASMUS program?

That’s an interesting development in the context of the negotiations between Greece and its creditors, one of them being the European Commission. While there are several hints* that the EC is deliberately cutting the flow of structural funds to Greece. The news comes from Italy and thus from the official …

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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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FT: the secret “Plan Z” for Greece’s euro exit

Poul Thomsen from International Monetary Fund, Jorg Asmussen from the European Central Bank, Marco Buti and Thomas Wieser: all four were working “clandestinely” for months preparing for a collapse of Greece’s banks. Their secret blueprint, known as “Plan Z”, was a detailed script of how to reconstruct Greece’s economic and …

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Van Rompuy Opposes Direct Election of EU Top Leaders

Directly electing the European Commission President at the 2014 EU elections would amount to “organise the disappointment in advance”, said European Council President Herman Van Rompuy. Directly electing his own successor would be “even more absurd”, he added in comments that are likely to irritate proponents of increased democracy in …

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Barroso-Papademos Hand-in-Hand Against Tsipras?

Why did Jose Manuel Barroso threaten Greece with euro exit right after May 6 elections? Reuters claims that the president of the European Commission made this statement after caretaker prime minister Lucas Papademos asked him to do so – in an effort to build a dam against Alexis Tsipras. According …

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Samaras Sends Letter with Signature to Greece’s Lenders

Greek provisional coalition government partner, Antonis Samaras, the leader of conservative New Democracy, had to bow to the blackmailing of Eurogroup Juncker and Germany’s Merkel “Sign or No 6th aid tranche”. Samaras had to sit down and write a letter of commitment to the October 26th loan agreement. At the end of …

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