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Tag Archives: ecb

IMF/EU/ECB Statement on Greece

“Sudden death” for Greek Soccer and Fourty Years Slavery for Greece. Massive layoffs  in Public Administration, , massive attacks deep in our pockets. More taxes, VAT hikes,  recession. Greece for Sale. Markets Delete. A long death.  The 5th tranche of the €110 bailout will be relesed at the beginning of July, most …

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“Revolting” PASOK-MPs demand democratic procedures in Austerity Package voting

“To Give or Not to Give?” This question seems to torture 16 lawmakers from governing party PASOK currently contemplating on whether to give a letter they wrote to Prime Minister George Papandreou about the midterm austerity package that will have to be passed by the parliament in the middle of …

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Ireland and Greece will help to bail-out Portugal

That’s lovely and shows real solidarity among the impoverished  of the euro zone. After they got bailout themselves, Greece and Ireland are going to put on the counter their own part of their own bailout loan to bailout Portugal. Then Portugal, a country seeking now a €90 billion bailout, had …

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ECB-Trichet Fails To Categorically Rule Out Greece Restructuring

European Central Bank President Jean-Claude Trichet failed to categorically rule out a restructuring of Greek debt down the road. Asked whether he was concerned Greece might not be able to tap the markets again next year and could face a risk of restructuring, Trichet said: “For me, we have a …

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J-C Trichet: Extrerminating the loan borrowers

Old chap Jean Claude Trichet, 69, long time French civil servant and President of European Central Bank, increased the interest rates to tame inflation within the eurozone. Interest rates went up by a quarter percentage point to 1.25 %.  Holders of loans  – credit cards, homes and whatever loans – will …

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Greek PM: We will need another bailout package in 2012, if…

Greece had one year time to return to the markets, otherwise it would  need a new aid package from the IMF/EU/ECB-Troika. This is the message prime minister George Papandreou has reportedly conveyed to German Chancellor Angela Merkel during their talks last Tuesday in Berlin, according to Sunday newspaper To Vima.  “If you don’t …

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