Tag Archives: german finance ministry

German Finance Ministry ‘contemplated’ on debt relief for Greece. And came to the conclusion that should the interest payments put back until 2048, ‘it would de facto be a new loan with a volume that depends on the development of interest rates.” This is estimated 118 to 123 billion euros. …

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Creditors have cooled down Greece that has been awaiting for debt relief measures. “Greece has done its bit, now it wants debt relief,” Prime Minister Alexis Tsipras said on Thursday, two days after the agreement with creditors on additional measures 3.6 billion euros for 2019 and 2020. However, the country’s …

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Do you remember Yanis Varoufakis‘ “doctrine” for a Greek default within the euro zone”? That was back in 2012, when Varoufakis who was just an economics professor and games theorist, was touring the media claiming that “Greece should default within the eurozone.”  Now, exactly today, Wednesday, a similar scenario appeared …

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There seems to be some discrepancy between the current and older data released by the German Finance Ministry regarding the profits it makes from the bailout loans to Greece. While the German Finance Ministry claims nowadays that the profits from Greek interest were “€360 million from 2010-2014“, according to older …

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Some people have the naturally born talent to make friends. German Finance Minister Wolfgang Schaeuble is certainly not one of them. His reaction to the Greek request for loan agreement extension was quick, official and “brutal” as some people described it. Schaeuble ordered his spokesman Martin Jeager to make a …

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What many missed on the controversial and multiply denied DER SPIEGEL article claiming Greece was about to exit the Euro Zone, is the part referring to German Finance Minister Wolfgang Schaeuble’s report on “possible dire consequences” on the European economy should Athens drop the Euro”. The report or better say the …

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