Monday , October 3 2022
Home / Tag Archives: eurozone (page 4)

Tag Archives: eurozone

The IMF pushes Europe for formal restructuring of Greece’s debt

The International Monetary Fund pushes Greece’s European partners and lenders for a formal debt restructuring. This is what the IMF’s first deputy managing director, David Lipton, told in an interview with Bloomberg. IMF Pushes Europe for Formal Restructuring Accord on Greek Debt “Euro-area countries must commit to a formal restructuring …

Read More »

Great achievement after 5.5 austerity years: “36% of Greeks at risk of poverty”

Thousands of austerity measures, dramatic cuts in incomes, incredible hikes in taxes. Five and a half years in deep recession. Three bailout agreements. And where do Greeks stand now? On top of the Eurozone when it comes to poverty. More than one out of three Greeks, that is “36% of …

Read More »

Dismantling Greece and fed it to profit-hungry corporations

The Eurozone’s masks have fallen. Hardly anyone has anymore the illusion that the 3. bailout aims to facilitate Greece to pay back its debts and that it therefore needs  more austerity or “reforms” as they are euphemistically been called. On one hand the 3. bailout brings additional cuts in health …

Read More »

Greek NO should be the beginning of the end for Eurozone

One can support the European Union and the Common Currency but on Greece’s example, the EU repeatedly proven in the last 5 years that it has little to do with “common ideals” and the much praised “European solidarity.” the Greek example and the way EU politically dealt with it increased …

Read More »

Hillarious! Greece’s Eurovision song had a secret message to creditors?

Things are not always as they seem to be. While millions of Europeans thought that the Greek Eurovision song was about a broken heart and desperate love with all essential emotions of betrayal, endless pain and struggle… Alas! The lyrics of  “One last Breath” sung by Maria Elena Kyriakou could …

Read More »

German companies paid €62m in bribes for defense contracts

A new scandal alleging bribes totaling €62 million paid for armament contracts have been revealed by Deputy Defense Minister Nikos Toskas. The case involves two German companies, 12 Germans and unspecified number of Greek officials in the Defense Ministry.  Talking to To Kokkino FM on Friday, Toskas revealed that there …

Read More »

Eurogroup warns: No debt forgiveness for Greece; Dijsselbloem in Athens

The eurozone has ruled out debt forgiveness for Greece and warned Alexis Tsipras that his anti-austerity coalition government must honor all past agreements with international creditors. In a meeting of eurozone finance ministers in Brussels on Monday, a day after left-wing SYRIZA won the parliamentary elections, the euro bosses warned …

Read More »