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Tag Archives: Finance Minister

German liberal FinMin sees model in Greek reform measures

Germany’s finance minister-in-waiting said on Tuesday that “Germany must aspire to become as ambitious as Greece’s domestic policy.” Christian Lindner, head of the liberal Free Democrats (FDP), which will share power in Europe’s biggest economy with the Social Democrats and Greens, said he would watch inflation closely and that the …

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No additional support measures for any economy sector in budget 2022, says Greek FinMin

The state budget, to be submitted to Parliament on Friday, does not include additional support measures for any sector of the economy, Finance Minister Christos Staikouras said on Wednesday. Staikouras’ statements come a day after the food service sector  held a successful 24-hour strike across the country on Tuesday. Speaking …

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Finance Minister doesn’t rule out another extension suspending loan repayments beyond April

Finance Minister Christos Staikouras did not rule out another extension to the suspension of outstanding debt payments beyond April, if the economy has not recovered. Speaking to Thema FM about the active regulations and their deadline extensions to help support businesses and jobs during the pandemic crisis, Staikouras said “this …

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Greek Parliament rejects SYRIZA censure motion against FinMin over Bankruptcy Law

The Greek Parliaments has rejected with 158 votes the censure motion against Finance Minister Christos Staikouras over the new bankruptcy law submitted by main opposition party Syriza. With the exception of former Finance Minister Yianis Varoufakis’ MeRA 25, all opposition parties voted with 133 votes in favor of the motion. …

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Greece extends 40% reduction of commercial rents for another month

Greek authorities extended for another month the measure for a 40% reduction of commercial rents for enterprises in the sectors of hospitality, transport, culture and sports that were hit by the pandemic crisis. Greek Finance Minister Christos Staikouras said the measure will be extended in the month of September. Speaking …

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Greece will negotiate fiscal targets for 2021 onward, says Finance Minister

Greece will negotiate fiscal targets with euro zone partners for 2021 onward, finance minister Christos Staikouras said on Tuesday. The coronavirus pandemic brought the Greek economy to a halt, therefore, Greece will be discussing new fiscal targets with his euro zone counterparts, Staikouras said speaking to CNBC network. The European …

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Up to 13% recession in Greece due to lockdown, says FinMin Staikouras

Greece’s economy may shrink by 10-13 percent this year following the lockdown to stem the spread of the coronavirus, Finance Minister Christos Staikouras said on Wednesday. The government will take steps to mitigate the impact of the recession and support businesses aiming for a gradual f recovery to pre-crisis levels …

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German coalition deal: SPD takes Finance Ministry with Olaf Scholz

A big concession for Merkel’s conservatives, a possible relief for Greece and the euro zone. German Chancellor Angela Merkel’s conservatives CDU/CSU and the Social Democrats (SPD) on Wednesday agreed to a coalition deal,  after months of uncertainty. The deal has at least one surprise that has Greeks, first of all, …

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Tsipras tells Greek learning Briton: ” You could even become finance minister” (video)

Prime Minister Alexis Tsipras visited the Impact Hub Athens, a structure that supports the development of entrepreneurship and innovation through business model development projects that have a positive social impact. The Prime Minister was guided through the premises, was briefed about the project and had the opportunity to chat with …

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Tsipras seeks gov’t reshuffle and replacement of Finance Minister

Prime Minister Alexis Tsipras is reportedly considering a cabinet reshuffle. Something which is logical after Greece passed the test of the second review and now the government has to set other priorities. The reshuffle could take place in early autumn. If  there wasn’t a major problem. Tsipras want to replace …

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German Minister: Greece should pledge Cash, Gold and Real Estate for new loans

New loans to Greece? Arch-conservative Germans have ideas…Yes, to new payments under conditions. What conditions? The usual conditions usually posed by loan sharks: Gold and Real Estate. Bavaria’s finance minister Markus Soeder (CSU) told the daily BILD that should Greece receive new aid payments then there should be new conditions: …

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Greece’s new cabinet: FinMin Varoufakis, FM Kotzias, DefMin Kammenos

Greece’s new cabinet of SYRIZA-Independent Greeks coalition government has been announced on Tuesday. Left-wing SYRIZA decided to merge several ministries and establish so-called “super ministries” staffed with several alternate and deputy ministers. Media reported earlier of a 10+10+10 scheme that is: 10 ministers + 10 alternate ministers + 10 deputy …

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Greek FinMin: Greece Could Exit the Euro by Accident

Greece could stumble out of the euro by accident if a new government fails to reach an agreement with international creditors soon after this month’s election, Finance Minister Gikas Hardouvelis said. The main challenge facing whichever government emerges from the Jan. 25 vote will be to close the stalled review …

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Gikas Hardouvelis: who is Greece’s new Finance Minister?

Two seem to be the key features of Greece’s new Finance Minister Gikas Hardouvelis: that he knows the euro mechanism and he knows the banks.  Hardouvelis is a professor of Finance & Economics at the University of Piraeus and Cheif Economist and Director of Research at the EUROBANK. He served …

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