Tag Archives: extension

+++ Jeroen Dijsselbloem after Eurogroup meeting: “There could not be program extension, it expires tonight. The Greek proposal will be examined after the Referendum.” That was also Germany’s stance, to discuss again on Greece after the Referendum. A Eurogroup meeting via teleconference will be held 12:30 noon BE time (GR …

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In a letter sent today to Eurogroup head Jeroen Dijsselbloem, Greek Prime Minister Alexis Tsipras requests financial support from the European Stability Mechanism in form of two loans in order to serve Greece’s domestic and external debt and thus for the period of two years 2015-1027. In a two-page letter …

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“Greek government will ask for a two-month extension to repay the International Monetary Fund,” if not enough revenues collected, Alekos Flabouraris, State Minister responsible for government coordination said on Thursday. Speaking to private Mega TV, Flambouraris said that “there is a liquidity problem, but we believe that with the measures …

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Below are some details from the official request Greece sent to Eurogroup Thursday morning asking for a 6-month extension of the loan agreement signed between Greece and the European Financial Stability Fund (EFSF) from December 2012. The Greek side wants also a Bridge-Agreement of 6-months, measures to tackle the humanitarian …

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Greece sent its request about an extension of the loan agreement on Tuesday morning. Speaking to Skai TV, Labor Minister Panos Skourletis said that “the request refers to extension of the loan agreement” and not of the “current bailout program.” According to Greek media, the Greek request refers to a …

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Te European Central Bank has reportedly agreed  to give a two-week extension on Emergency Liquidity Assistance for Greek banks and to raise the emergency funding available to Greek banks to €68.3bn.. “The €3.3bn increase in the so-called Emergency Liquidity Assistance (ELA) is critical for Greece’s banks,” note the BBC, adding …

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Greece will submit a request to extend its loan agreement tomorrow Wednesday, Greek media reported citing government sources Tuesday evening. The Greek request to the eurogroup will be based on the “Eurogroup draft of February 11th”, note some media, while others claim that it will be based on the “negotiation …

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Something is moving towards an agreement with the Eurogroup partners with Greece reportedly to prepare a bridge program until August. Greek media report Monday afternoon about a “ten reforms plan” in order to cover some parts of the current bailout program and that Finance Minister Yanis Varoufakis works out the …

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EU countries have agreed by consensus to extend Russia sanctions for six months, expand their blacklist, and prepare further economic sanctions if need be, Euobesrver and several Greek media report.The sancton were ending in March, with the extnesion they will be valid until next September. Greece had earlier voiced reservations, …

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E-mails land in the inboxes of the Troika and the Greek government seeking an agreement on what austerity measures the debt-ridden Greeks will have to take in order to fill the fiscal gap of 2.5 billion euro stated by the country’s international lenders EU, IMF and ECB. The latste Troika …

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If it’s true, this is, indeed, insane. According to Ta Nea newspaper, Greece’s lenders’ representatives want that almost the whole package of austerity measures will be implemented in 2013 and won’t be distributed more or less equally to 2013 and 2014. The new Troika’s request is allegedly that additional 2 billion …

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 Madame and Madame have totally different points of view on Greece’s bailout. Christine Lagarde, head of  IMF, favors a new written off of Greek debt saying that the bailout program has failed. OK, she doesn’t say it so clear, but that’s the substance. Angela Merkel, German Chancellor and head of …

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Thousands of property owners who try to scratch together the emergency property tax or stand in long queues to request exemptions of reduced fees will take a relief breath that the property power will not be cut off. The Greek Finance Ministry prepares an amendment on the emergency property tax bill that …

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The dilemmas on Greece’s debt future seem endless: Default or Not Default? Drachma or Euro? Haircut or Extensions? With terminologies borrowed  from a hairdresser parlor around the corner and a bankers’ desk on the 245th skyscraper floor, the whole world is keep talking about Greece’s fiscal course: Survive or Fall. Economists and media are …

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