Tag Archives: exit

Greece must decide whether it wants to remain in the eurozone, German Finance Minister Wolfgang Schaeuble said on Tuesday, adding Berlin is open to discussing debt relief for Athens in 2018 if such a step is needed. He also said debt relief for Greece was not an issue at the …

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“If Schaeuble continue this policy then we will see bilateral agreements between countries of the [European] south, there is no other. Discussions between the French, Spanish, Portuguese and Greek diplomacy are already on the way. We do not cede the euro to anyone, if Germany wants this then Germany should …

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In a stunning admission, chief of European Central Bank, Mario Draghi said that a country can leave the Eurozone but must “Settle its Bill First”. He practically gives the green light to EZ member states wanting to leave the monetary union. In a letter to two Italian lawmakers in the …

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Greece’s left-led government says it would welcome a decision by the International Monetary Fund to pull out of the country’s bailout program, which is bogged down in disagreements on further spending cuts. Government spokesman Dimitris Tzanakopoulos is blaming the Washington-based fund for “pointless delays” in the negotiations. Athens hopes a …

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Another warning by the man who never smiles. Another warning to Greece by the man who has nothing better to do than add 0.00002 + 0.00001/2 and double check to verify and confirm the result. Another warning by the bitter man who warns others but himself remains bitterly relaxed. Schäuble …

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The chief of European Stability Mechanism Klaus Regling wanted to send a positive message to Greece – and apparently did not know how. apparently he also did not want to be so …obvious and committed. So he picked up a newspaper with headquarters in South Korea and spread his message …

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In her euro-hegemonic role Germany failed to properly handle the Greek Crisis. What economics have been whispering among themselves after the scandalous Brussels Agreement of July 13th is now on the public discussion. One of IMF’s former European bailouts official, Ashoka Mody made it very clear in his article on …

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Famous infamous Goldman Sachs analyzed the options for Greece should the negotiations with creditors end in never to loose impasse. GS’ chief European economist Huw Pill sat down in his dark room, contemplated for a long time over the Greek Plight and Plague and piled together a thoughtfully researched report. …

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Greek government prepares a 15-billion-euro “Emergency Fund” in order to make the exit from the bailout program possible. Citing government sources, the exclusive report of  Online edition of newspaper To Vima, claims that Greeks prepare the exit from bailout and the return to the markets. This action  will not be …

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I’ve been hearing the Greek government saying the whole time that “Greece is now exiting the Memorandum [of Understanding].  Any idea what does it mean? I am asking this because me, common Greek, understands under Memorandum strict austerity and over-taxation and unemployment and recession”. Any idea what the Greek government …

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“German Chancellor Angela Merkel toyed with the idea of forcing Greece out of the euro until the autumn of 2012.” These claims are raised by Lorenzo Bini Smaghi, until recently one of the six-man executive council  at the European Central Bank and for many years Italy’s man in Frankfurt” In …

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Greek Prime Minister Antonis Samaras was released from the hospital on Monday short after 3 o’ clock in the afternoon. With a bandage on his right eye, Samaras waved at journalists and reporters waiting outside. He was taken directly home as doctors’ ordered a 10-day-long rest. Later in the afternoon …

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There is so much talk these days about a possible euro exit of Greece, especially under a left, anti-bailout government. I found an very interesting article about the consequences for Greece and the other Euro countries. The author, an Italian, asked several market experts on the impacts that “such a shock” would …

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 “Noted market bear Nouriel Roubini has called the ongoing political turmoil in Europe a “slow motion train wreck.” Speaking to CNBC in Las Vegas on Tuesday, Roubini said he expects Greece to leave the euro zone by next year. Roubini΄s comments come after Greek voters rejected pro-bailout parties in Sunday΄s …

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German Chancellor Angela Merkel told BBC that it would be a huge political mistake if  debt-ridden Greece was allowed to leave the eurozone. In an exclusive interview to British broadcaster, Merkel warned that the eurozone would be “incredible weakened” without Greece. She openly said that Greece has still “a long and …

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Oh, these Germans! Precisely those reactionary, conservative Germans! They can’t agree on a common policy towards Greece and they make Greeks so very unhappy and uncertain over their euro-future. Even though German Chancellor Angela Merkel  stressed on Monday that not any country would be leaving the euro zone as such …

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