Tag Archives: eurozone

“Negotiations with creditors will not be easy,” but “we will negotiate a new agreement – a bridge between Greece previous programs and the new“”  Yanis Varoufakis said in his first speech as the country’s new Finance Minister, while he was receiving his new portfolio by ex FinMin Gkikas Hardouvelis. He …

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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 …

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Another oracle speaks gibberish just a couple of days before the elections and leaves it to the economic priests to interpret the enigmatic prophecy. An exit by Greece from the euro area would be devastating for the country, the head of the International Monetary Fund Christine Lagarde said on Tuesday. …

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Finally! Enough with the Grexit nonsense! After days of frenzy Grexit scenarios, that plunged the euro and the stock markets, the European Union’s executive Commission said that membership in the euro bloc is “irrevocable”. However it left open to what extent Greece could renegotiate the terms after the Jan. 25 …

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I am so relief. Honestly. And I am so impressed by the divine generosity of a French president granting me the right to vote and decide about my own destiny.  Joining the Club of Scaremongers Society, French President Francois Hollande said Monday that “The Greeks are free to choose their …

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German Chancellor Angela Merkel took her close friend Antonis Samaras by the hand and they both cheer “Grexit!” in every swirl of their XXL-austerity waltz. According to German weekly Der Spiegel , Angela Merkel was allegedly willing to let Greece leave the eurozone  should the foolish Greek voters elect a …

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“What jobless in crisis-hit south think of the European elections?” BBC journalist Patrick Jackson is traveling to “unemployment hotspots” of the Eurozone and collects opinions from Spain, France, Italy and Greece. First stop is Seville, in the Spanish region of Andalucia where general unemployment reached 36.3% last year and youth …

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YES! Greece of ‘success story’ tops again the Eurostat list on unemployment. Six out of ten Greeks below 25 years old are without work. Youth unemployment in Greece is at 57.3%, while the situation is equally bad in Spain with 56.5%. Within the eurozone countries the general unemployment has reached …

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The times when state bonds underwent haircut or ‘debt restructuring’ to easy the national debts seem to be over. Cyprus showed the way with ‘seizing’ 50% of savings over 100,000 euro. While the International Monetary Fund and the Eurozone quarrel over a possible Greek debt haircut and the debt/bailout program …

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Minutes of International Monetary Fund board meetings held in May 2010 and published by the Wall Street Journal on Tuesday have highlighted the concern of many country representatives that the Greek bailout was not sustainable. One of the key criticisms expressed during meetings held before Athens agreed its first bailout …

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It’s a fact: Greece will get as third bailout and Greeks will have to deal with a new loan agreement imposing additional austerity to their already cut down lives. German Finance Minister Wolfgang Schaeuble said that directly, EU Monetary Commissioner Olli Rehn said that indirectly, Eurogroup head Jeroen Dijsselbloem said …

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5.501 million unemployed youth across Europe? 3.531 million jobless youth in the Eurozone alone? No problem for all those with or without university education who if lucky could find a temporary job as pizza boys and service girls for 400 euro per month. Germany opens its arms and welcome all the …

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Eurovision song contest 2013 ended with Denmark and Emmelie de Forest winning this year’s festival with 281 points. Greece and KozaMostra got the 6th place, after Azerbaijan, Ukraine, Norway and Russia. The temptation is high to see a political and an economic aspect in the results: that not a single …

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Deutsche Bank‘s global head of FX strategy, Bilal Hafeez, recently gave a speech at the annual Deutsche Bank Mittelstand (small and medium-sized enterprises) FX conference in Hamburg, Germany. The bank’s research department transcribed Hafeez’s speech and sent it out to clients in a note. The speech focuses on the euro …

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Alexis Tsipras wants to keep the euro but on Greece’s terms and certainly he does not plan to tear apart the loan agreement. This is what the leader of main opposition party, left-wing SYRIZA told an audience at Brookings Institute in Washington on Tuesday. A day later he met with officials …

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It is not secret that relations between Germany and Greece are very troubled. If the two countries were a married couple, they would have certainly have to seek professional counseling, should they want to save their marriage. Bob Denham , a young British director, describes with humour not only the troubled Greek-German …

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This statement was made by the former Prime Minister of Italy Giuliano Amato. ” If Greece exits the euro, the next could be us. Because the Eurozone is like an artichoke. Sooner or later the leaves may be cut off, “Amato told Italian daily “Il Messaggero“. With regard to Greece,  Giuliano Amato said: “On …

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EU Justice-Commissioner Viviane Reding called German major companies to do more to support the euro as they benefit enormously from the single market and the currency union. German business must to do more save euro: EU’s Reding Germany’s top companies and executives must do more to support the euro, EU’s …

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“Gastarbeiter” of the European South Unite! You got a new employer! A German one! The German Railways (Deutsche Bahn) want to recruit personnel from the EZ-bailout countries of the European South like Greece, Spain and Portugal to address the company’s personnel shortcomings. “We really think in this direction,” DB-Personnel Chief Ulrich …

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49% of the Germans believe that Greece has to abandon the Euro zone. This is the result of a survey conducted by TNS Enmid for the German weekly FOCUS. According to the preliminary publication of the survey, 43% of the respondents believe that Greece has to remain in the eurozone, while …

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