September 5, 2024
FEATURED, Greece, Politics
“High prices make their cycle and like the flu will go away,” claimed Greek Finance Minister, Kostis Hatzidakis, proving his ignorance about the flu cycles that come every October and go every May. He insisted that the phenomenon of high prices on retreat in the country and compared to the …
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June 25, 2024
Economy, FEATURED
The Greek government has threatened banks with state intervention unless they reduce the fees they charge to clients for various banking activities. Speaking on Tuesday at the annual general assembly of the Hellenic Banks Association, Minister of National Economy and Finance Kostis Hatzidakis pointed out that the non-settlement of the …
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May 24, 2024
Economy, FEATURED
“We do not reduce the VAT on food, because we do not want to encourage consumption.” This was said by the finance minister of the country where political nonsense has reached an unprecedented level and F*ck Logic prevails. In an interview with Mega TV on Friday, finance Minister Kostis Hatzidakis …
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August 4, 2022
Economy
Finance Minister Christos Staikouras announced on Thursday he will present a supplementary budget to cover the cost of additional aid for households and businesses hit by high energy costs. Speaking to state boradcaster ERT, the finance minister cited “satisfactory” fiscal data. Staikouras said the performance of tourism and revenues from …
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December 7, 2021
Economy
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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November 17, 2021
Economy
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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January 17, 2021
Economy
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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October 26, 2020
Greece
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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September 1, 2020
CORONAVIRUS, Economy
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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August 26, 2020
Economy
Greek Finance Minister Christos Staikouras said that drawing up the state budget for 2021 will be very difficult due to the uncertainty caused by the pandemic. Speaking to Open TV on Wednesday morning, Staikouras said “amid this uncertainty, it is very difficult to draw up specific policies with permanent characteristics.” …
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June 2, 2020
Economy
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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May 20, 2020
Economy
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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February 11, 2020
Economy
Finance Minister Christos Staikouras claimed that the Greek banks paid the price of the economic crisis because they lost deposits when citizens withdrew money. Does the Minister talk about the same banks Greeks had to recapitalize and still pay the price for it? In an interview with ANT1 TV, Staikouras …
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February 7, 2018
Economy
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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August 31, 2017
Greece
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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August 24, 2017
Greece, Politics
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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February 20, 2017
Economy
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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July 17, 2015
Economy
Greece submitted a diplomatic protest against Slovakia’s Finance Minister Peter Kazimir, news agency TASR reported. Reason for the Greek protest were several comments by Kazimir who described the tough Brussels agreement as “a punishment” for the “Greek spring” – in fact confirming many critics who said that the euro leaders …
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July 6, 2015
Economy, Politics
Alternate Foreign Minister and chief negotiator with creditors Euclides Tsakalotos replaces Yanis Varoufakis as Greece’s new Finance Minister. He is to take political oath at 8 pm local time on Monday and fly to Brussels Tuesday morning to submit Greece’s new negotiations proposals to the Eurogroup. The 55-year-old Economics Professor …
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June 25, 2015
Economy
Papers with proposals have been flying around and the eurogroup is reportedly to deal with two separate proposals: the creditors’ proposals prepared on Thursday morning and the latest Greece’ proposals submitted to creditors Thursday. The technical teams were unable to produce one singe paper/proposal to be the basis for the …
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