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Tag Archives: eurogroup

Greek-Troikan War in the Shadow of a “Default” Ultimatum

We could also title this article “Greek-Troijan War” with the Troika being on the Trojan front riding a Trojan horse. A trick-offer apparently aiming  to save the country but in fact targeting to economically destroy the Greek citizens. Dramatic negotiations without results so far are taking place under an extreme time …

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Juncker: Eurogroup Meeting on Feb 6 Postponed

The Eurogroup meeting planned for Monday, Feb 6, 2o12, where eurozone finance ministers would deal with Greece second bailout package has been postponed. “It may be scheduled later next week” said a spokesman of Eurogroup head, Jean-Claude Juncker on Friday afternoon. However he did not exclude a possible meeting via teleconference, if necessary. …

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PSI Haircut: A Dangerous Game Played on Greece’s Head

 It seems to be a dangerous game being played on the head of Greece. The debt-ridden country was sitting at the hairdressers’ chair surrounded by several evil scissors-holders arguing over the haircut-style. The customer had almost fallen asleep as he was deprived of the right to get involved in the argument. The …

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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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Athens Stock Exchange Plunges -6.28%

A hurricane hit the Athens Stock Exchange sweeping away stocks of companies and banks. The General Index closed at – 6.28% and 730.33 untis. Banks lost -8.6% where some suffered even two-digit losses.  The concern about the postponement of the Eurogroup meeting and the delay of the 6th tranche layed heavier than …

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German FinMIn: Greece’s 6th Tranche Decision on Oct 13th

German Finance Minister Wolfgang Schaeuble decided on his own when the Eurogroup meeting will take place and take decisions about Greece’s sixth tranche! According to German DIE ZEIT online, Schaeuble said: “Greece’s 6th tranche will be decided during Eurogroup’s Oct 13 extra meeting. It will be paid only if conditions are …

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Eurogroup Meeting on Greece per Teleconference! Next Time on Twitter?

The extraordinary meeting of the Eurogroup, scheduled for July 3rd will not take place with the physical presence of the Eurozone Finance Ministers but it will be replaced by a teleconference.  According to Greek economic news portal Capital.gr, Guy Schuller, spokesman of Eurozone Chief Jean-Claude Juncker, said that “The meeting will …

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Eurogroup-Juncker’s Raw Blackmail to Greeks “If not…” (video)

Euro-Indians Chief*, Jean Claude Juncker spitted out a raw blackmail towards the  Greek politicians and  intervened once again in the internal democratic procedures of a sovereign country. he even implied a “contagion” – as interpreted by the international media -, in case Greeks won’t adopt the Mid-Term Austerity Programme. Video J-C Juncker “If not.., …

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Juncker: Greek Debt Sustainable / Next Euro-Group Meeting, July 3rd

Eurogroup President Jean-Claude Juncker announced an extraordinary Eurogroup meeting on Greece on July 3rd, 2011. Speaking to journalists after conclusion of the works of Euro zone finance Ministers in Luxembourg, Juncker expressed the hope that “until that date the Greek Parliament will have adopt the Mid-Term Austerity Package.” He stressed that …

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Euro-Crisis: It’s all Greek to you…

…but it’s Chinese to me! Then for us, Greeks, the idiom “It’s all Greek to me” makes really no sense. However, whether in Chinese or in Greek, the Greek crisis makes no more sense to anybody. The Eurogroup in Luxembroug postponed its decision to release the 5th tranche of 12 billion …

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Does the IMF blackmail again on Greece’s 5th tranche?

They play with our nerves and empty our pockets. The sooner they go, the better for Greeks. Then it seems Greeks and Greece are two different entities. Greeks don’t want to be saved by the IMF. Because they believe that they maybe saved, give to IMF and European lenders their …

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Eurogroup Juncker claims he receives death threats from Greeks

Jean-Claude Juncker, the head of the Eurogroupsaid late on Monday that people from Greece have been sending him letters containing threats to his life, Greek media reported. Eurogroup is the meeting of the finance ministers of the euro zone member states. According to Kathimerini,, Juncker gave this answer to a question …

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Greece’s Debt: “Voluntary Agreement” -What’s that?

This is an economic term you will probably be reading and hearing in the upcoming weeks – or at least until Greece’s obeys to the calls for a debt restructure: “Voluntary Agreement” What is this? This is originally designed to provide relief to debts generated as a result of business …

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Eurogroup Juncker warns Greece over Control Spending

It looks as if Greece can not quite convince its lenders that the debt-driven country is adamant on proceed to control spending. Eurogrou-Chief Jean Claude Juncker warned Athens of the importance of spending control and said that “We reminded the Greek authorities that it is important to stick to the targets for …

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EU Competitiveness Pact: Fast Track Poverty for all

Eurogroup leaders agreed in principle on the key issues of the Competitivenss Agreement. This agreement aiming to adjust fiscal rules for all, will economically kill employees and workers rights once for all. Its main targets are lowering wages, adjustment of  public and private sector wages to productivity,  linking pensions to life expectancy. In short, …

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Eurogroup and the Greek Deal – Few Questions open

A tough bargain took place yesterday in Brussels at the meeting of the Eurogroup leaders and Greek Prime Minister George Papandreou came out at 2:30 pm with a content smile on his face. At the following press conference he stressed  that Greece managed to achieve its goals.  Loan repayment extension of …

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Greece’s tough struggle at Eurogroup meeting

What does Greece expects today fromthe Eurogroup leaders meeting in Brussels? Athens’ expectations refer to three crucial things: Repayment extension for the €110 billion bailout, Decrease of borrowing interest rates and Buyback of its debt. Practically there has been an EU acceptance on the repayment extension and cuts in the interest …

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