Tag Archives: Financial Times

Nine years after Greece surrendered to international creditors and three tough bailout agreements with strict austerity, former German Finance Minister Wolfgang Schaeuble told the Financial Times that he was a fierce supporter of Grexit from the very beginning. He also admitted that he wanted to resign when his Grexit plan …

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The Greek Ministry of Foreign Affairs has reacted strongly to foreign press reports suggesting that the country’s rule of law is in danger due to specific court decisions. The particular case refers to a legal dispute between Minister Nikos Kotzias and the magazine Athens Review of Books. However, the case …

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Greek diplomatic sources categorically denied for a second time on Friday a Financial Times report which claimed that Greece had blocked calls for sanctions against Venezuela after diplomatic talks in Brussels. According to the sources, the report contains “false information that creates false impressions and distorts the truth”, adding that …

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Greek Minister of Labour, Social Security and Social Solidarity, Effie Achtsioglou sent an open letter to Managing Director of the International Monetary Fund, Christine Lagarde, about the state of pensions in Greece. We do not accept further pension cuts was the message Greece sent to the IMF. In her letter …

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We have been there, we have seen that for countless times since 2010: in times of crisis and EU’s inability to cope with crises, everyone feels obliged to fire a salvo of incredible nonsense, mis-considering it to be a proof of divine inspiration. The latest example is the Belgian Interior …

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Sunday… Monday… Tuesday… Wednesday… Four very crucial days that will determine whether the average Greek will still be able to withdraw a couple of euro banknotes from the ATMs, whether the pensioner will be able to get hold of the whole of his July pension.  Whether the Greek banks will …

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Greek Foreign Ministry issued a statement dismissing as “groundless’” allegations published in Financial Times on Wednesday, claiming that Foreign Minister Nikos Kotzias had “supposed relations” with Russian professor Alexandr Dugin. Greek Foreign Ministry press release Thursday, 29 January 2015 In a Financial Times article published on 28 January, reference is …

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Oh God! Remember the claims made by IMF’s head Christine Lagarde that she had received “death threats” by Greeks when she had talked about tax evasion and that she had increased her security personnel? It turns out it was all … a – excuse my language – bullshit. The Greek …

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European Central Bank chief Mario Draghi apparently lied during a live press conference when he was asked whether there was a Plan B on Greece. It was back in April 2013, when Mario Draghi dismissed  the option “there was a plan for the euro zone exit of the debt-ridden country.” …

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Poul Thomsen from International Monetary Fund, Jorg Asmussen from the European Central Bank, Marco Buti and Thomas Wieser: all four were working “clandestinely” for months preparing for a collapse of Greece’s banks. Their secret blueprint, known as “Plan Z”, was a detailed script of how to reconstruct Greece’s economic and …

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Absolutely ridiculous! European Commission President Jose Manual Barroso allegedly appointed Lukas Papademos as Prime Minister of Greece right after the embarrassing meeting during the G20 summit in Cannes, when the EU partners decided to oust George Papandreou and his plan to hold a referendum without their consent. According to a …

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Four days before the June 17 elections and while Germany and Austria raises their tones to influence Greek voters and cast their votes for pro-bailout parties, Alexis Tsipras, the leader of left-wing SYRIZA pledges to “keep Greece in the euro zone and restore growth”. In an op-ed to Financial Times, …

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Yeap. It’s official. German Economy Minister Philipp Roesler fully agrees with the idea of a ‘state commissioner’ for Greece. He spoke to German newspaper Bild and here is what he said: German Economy Minister Philipp Roesler backed beefed-up EU monitoring of Greece in an interview to be published on Monday, …

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Athens categorically rejected the German proposal to cede control over its budget to the European Union as a precognition for the second bailout, the rescue package for Greece. “We can never accept this. A similar proposal was made in the past by a  Dutch minister. We do not even discuss …

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 Germany pushes for the end of the Greek sovereignty and demands to cede budget control into the hands of Greece’s lenders. The German government wants not only to appoint a state commissioner but also to take control of the budget decisions of the debt-ridden country. In a shocking proposal  obtained by Financial Times, …

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 I wrote this morning that I am done with the European Union.  Not with the idea as such but with the club-management and its statutes. I don’t like the way it’s run, I don’t like to be looked from above with a snobbish hulled nose.  Something went wrong with this club …

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Another tough week has started for Greece after a weekend of  heavy bombardment with EU politicians and aspiring IMF heads, economists and bankers, journalists and institute heads in Cassandras’ dresses predicting  the inevitable, i.e. that international markets have written off  ‘Greece’ and that noble methods like ‘blackmailing’ and ‘threatening’ are been excessively …

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National Bank of Greece Says Not in Talk With Qatar June 30, 2010, 7:06 AM EDT By Christos Ziotis June 30 (Bloomberg) — National Bank of Greece SA, the country’s biggest lender, said it’s not in talks to sell a stake to the Qatar Investment Authority. The sovereign wealth fund …

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