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Tag Archives: Grexit

Stournaras: SYRIZA asked Russia to print Drachmas in 2015

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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Ex PM Samaras: Merkel offered me Grexit in August 2012

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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Schaeuble wanted to resign after his 10-year Grexit plan was rejected

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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Dijsselbloem: Tsipras and Tsakalotos made things much easier

“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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Schaeuble says Greece will soon be in a position to borrow from markets

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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Xenophobic populist Sebastian Kurz wins Austrian elections

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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Eurogroup says farewell to Schaeuble, first time Greece not on the agenda

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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With FDP in German coalition, Greeks could miss old chap Schaeuble

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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German Economist Issing call on Euro-Sabbatical for Greece

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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“I had agreed with Russia to give cash that would help with Grexit,” claims ex Syriza Minister

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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Ex PM Papandreou says his gov’t explored Grexit option and refusal of first bailout

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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