Tag Archives: Grexit

Former coalition partner of the SYRIZA government has claimed that ex Φinance Minister Yanis Varoufakis had agreed with German counterpart Wolfgang Schaeuble on Grexit. “Greece would receive 80 billion euros and leave the eurozone,” Panos Kammenos said on Monday night in an interview with ANT1 TV. “Varoufakis had agreed with …

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We have a lovely expression in Greek: περσινά ξινά σταφύλια literally translated into “last year’s sour grapes.” We use it to declare that something we hear or learn we have been known already. The governor of Bank of Greece, Yannis Stournaras, apparently has run out of points of criticism to …

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Former Prime Minister of Greece Antonis Samaras said German Chancellor Angela Merkel offered him a temporary “Grexit, a withdrawal of the country from the Eurozone amid its large-scale economic crisis. He immediately rejected the offer, he said. “I immediately cut her short and said: ‘We will not continue this discussion, …

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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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Long time not heard. The magic word that causes hair-raising and spine-chilling to million of Greeks: GREXIT. A Canadian rating agency said on Monday it considers Greece runs a “moderate” risk of exiting the eurozone. Canadian international ratings agency DBRS warned in its report that while the other 18 eurozone …

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“Prime minister Alexis Tsipras and, of course, [current finance minister] Euclid Tsakalotos, have completely changed the relationship with the European partners. Almost everything has been easier since . . . it’s a completely different situation,” outgoing Eurogroup chief Jeroen Dijsselbloem said in an interview to Financial Times. He said further that he never backed …

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Obsessed to the bone against the Greece’s left-wing government. In his last – and probably first – interview to a Greek television channel, former German Finance Minister Wolfgang “Austerity” Schaeuble poured his poison drop by drop on open wounds and enjoyed for one more time his unerring attitude and his …

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Outgoing German Finance Minister Wolfgang Schaeuble was uncharacteristically positive in his recent comments regarding Greece, saying the country is on a “good path” and that critics’ pessimistic forecasts have not panned out. Schaeuble, who often played the role of the Euro zone’s “bad cop” in dealings with Greece over the …

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The leader of  center-right New People’s Party, Sebastian Kurz, won the Austrian elections on Sunday and is to be the next Chancellor. He turned 31 in August and once he assumes office he will be the younger leader in the Western world. According to preliminary results published by the Interior …

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It was the first Eurogroup meeting without Greece being on the agenda and the last Eurogroup meeting for outgoing German finance Minister Wolfgang Schaeuble. End of an era. End of the Schaeuble era. His colleagues paid tribute to the longest serving member. They signed on an European Union flag and …

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Greece is closely watching the political developments in Germany as the new coalition government that will be formed will have direct impact on the Greek debt and the discussions about its relief expected to begin after conclusion of the bailout program in August 2018. Right after the exit polls on …

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Greek Prime Minister Alexis Tsipras said on Saturday that the country’s Grexit status had changed into Grinvest as it was now attracting investors in droves. Inaugurating the 82nd International Fair of Thessaloniki (TIF), he was not able to announce measures to benefit the society – as Greek prime ministers usually …

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European Commission President Jean-Claude Juncker has claimed he “fought hard” in 2015 to prevent Greece being expelled from the single currency, and ensure the stability of the economically ravaged country. Greek society may beg to greatly differ. In an interview with Politico.eu, Juncker claimed he stuck up for Greece against stiff opposition …

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Otmar Issing, former Chief Economist and Member of the Board of the European Central Bank and the German Bundesbank, brings back Grexit scenarios, demanding a Euro-sabbatical for Greece. In an interview with business news magazine Wirtschaftswoche, Issing warned of a new flare-up of the euro crisis. “The euro crisis is …

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“Greece has implemented many reforms and is on a good path,” German Finance Minister Wolfgang Schaeuble said on Monday in an interview with Bild newspaper. The most dramatic moment over the last four years was the dispute over the program for Greece in the summer of 2015 when the country …

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Panagiotis Lafazanis, energy minister in the first SYRIZA government, claimed he had agreed with Moscow in 2015 that Russia would make a down-payment for a gas pipeline so that the money could be used to finance rexit if the country would decide to leave the euro zone. Lafazanis told Vima …

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The Obama administration played an important role to make sure Greece remains in the eurozone, former Vice President Joe Biden said. In an interview to newspaper Kathimerini, Biden said that he was personally involved in the issue and described the efforts and difficulties he faced to avoid the financial collapse …

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Former prime minister George Papandreou said that his government explored all possibilities including refusal of first bailout as well as exit from the eurozone before deciding to bring the International Monetary Fund in the country in May 2010. Speaking on Real FM radio on Thursday, the former leader of PASOK …

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The Bavarian Minister of Finance, Markus Soeder (CSU), a fierce Grexit supporter of Merkel’s  CDU sister party  apparently has moved away from his demand for a Greek euro exit. During a visit to Athens, Soeder said that the problems around Britain’s exit from the EU showed how difficult a Grexit …

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The European Commission keeps its Plan B for Greece in the Berlaymont building in Brussels, in a safe. A secret with seven seals. The emergency Grexit plan drafted by the Commission in summer 2015 in the peak of the crisis between the Greek government and the European creditors. The 200-point …

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