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Tag Archives: exit

Greece places 6 areas in tougher lockdown, relaxes status in 5 other regions

Greece’s authorities have placed six more areas in status of “increased epidemiological risk” (“deep red”) where tougher lockdown measures apply.  Head of Civil Protection Nikos Hardalias announced on Friday evening that two regional units of two islands in the Aegean and the Ionian Sea as well as four municipalities in …

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38,000 employees to “voluntarily exit” Greece’s systemic banks

The landscape of Greece’s four systemic banks is set to change  as 38,000 bank employees will have to make important and difficult decisions about their future: they will have to voluntarily join the exit programs and seek other job opportunities elsewhere. The outsourcing of non-performing loans and the development of …

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Germany ordered a robot comment on Greece’s Bailout Program Exit

All Greece’s creditors added their spice and herb to the August 20 celebration sauce. Except Germany. Berlin chose to keep low profile and refrained from joining  the European fanfare. Instead, the master of the eurozone and the merciless judge and ruthless accountant came forward with a statement even the technocrat …

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Greek banks to lose cheap borrowing after ECB revokes waiver

The European Central Bank announced on Friday it will restrict Greek banks’ access to its cheapest funding operations as from August 21, when the country exits the bailout program. The ECB will revoke a so-called ‘waiver’ which allowed Greek banks to post junk-rated government bonds as collateral in regular funding …

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Merkel: “A proof of trust Greece is given several decades to recover”

German Chancellor Angela Merkel said that long period of primary surpluses was necessary fro Greece in order to reduce debt. She denied she had any deal with Prime Minister Alexis Tsipras to postpone Value Added Tax hikes in exchange for asylum seekers’ returns from Germany. At her annual summer press …

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“Liar! Crook! Sycophant!” Greece’s political leaders duel over homme fatal Moscovici

Greece’s prime minister, Alexis Tsipras, and main opposition leader, Kyriakos Mitsotakis from conservative New Democracy, exchanged “French” for the sake of  homme fatal, the EU Commissioner, Pierre Moscovici, during a Plenary debate about Greek economy  on Thursday. Reason for the verbal  duel between the prime minister and the main opposition …

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Greece to get up to 15 billion euros after third bailout, says German official

Greece will likely get up to 15 billion euros  from its euro zone allies for stabilization after its third bailout program ends in August, a senior German government official told Reuters on Tuesday. Euro zone finance ministers will discuss debt relief for Greece on Thursday to ensure the country can …

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All lights ‘set on green’ for end to Greek bailout, says finance minister of

All lights ‘set on green’ for end to Greek bailout, said Luxembourg finance minister, Pierre Gramegna, on Friday. Gramegna is one of 19 euro zone finance ministers who will meet next month to hammer out what Greece hopes will be a post-exit plan for substantial debt relief following eight years of …

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Eurogroup towards a comprehensive agreement of Greece’s exit in June

“The goal is to have a comprehensive agreement for Greece’s exit from the programme at the Eurogroup meeting in June, Eurogroup President Mario Centeno said on Friday after an informal meeting of euro area finance ministers in Sofia. Speaking to reporters, the Eurogroup’s President said that the heads of the …

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Tsipras in symbolic Kastellorizo: “We don’t negotiate, we don’t trade a span of soil”

Kastellorizo 23 April 2010 and 17 April 2018: Eight years ago, it was Prime Minister Giorgos Papandreou who had chosen the remote island of Kastellorizo to announce that Greece had surrendered to the International Monetary Fund and the bailout agreements. On 17. April 2018, Prime Minister Alexis Tsipras chose again …

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Moscovici says “No more bailout agreement for Greece,” just post-program monitoring

“No more memoranda for Greece,” European Commissioner for Economic and Financial Affairs, Taxation and Customs, Pierre Moscovici said in an interview with the European Progressive Forum. “Greece will become, in economic terms, a normal European country once again.” Moscovisi stressed adding however, that “Greece’s economic policies will be monitored through the …

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Convicted 17N terrorist Koufodinas steps out prison on 48-h furlough (video)

Convicted November 17 terrorist Dimitris Koufodinas stepped out the Korydallos prison for first time since 2002. He exited the prison in the company of his wife, his son and his lawyer. A group  of supporters was cheering him chanting  “Free Koufodinas.” The Prison Council of Korydallos approved on Wednesday his …

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Gov’t spokesman says Greece is exiting the 7-year crisis, talks very close to agreement

“There are great social problems that need to be solved step by step, but for the first time we are facing the exit of the seven-year crisis”, government spokesman Dimitris Tzanakopoulos on Friday said in an interview to Kokkino radio station. He underlined that the issues remaining to be solved …

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