Monday , February 10 2025
Home / Tag Archives: Grexit (page 6)

Tag Archives: Grexit

FT: the secret “Plan Z” for Greece’s euro exit

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 …

Read More »

Ex ECB official: “Merkel toyed with the idea of Grexit but she was convinced otherwise” by the Chinese?

“German Chancellor Angela Merkel toyed with the idea of forcing Greece out of the euro until the autumn of 2012.” These claims are raised by Lorenzo Bini Smaghi, until recently one of the six-man executive council  at the European Central Bank and for many years Italy’s man in Frankfurt” In …

Read More »

Greek PM praises gov’t achievement: Grexit …”a sad memory”

Prime minister Antonis Samaras is excited. Excited about the achievements of his coalition government and thus less than a year at the leadership of the country. Conservative Samaras, all Nea Dimocratia lawmakers and finance minister Yiannis Stournaras are determined to make us believe that (theoretically) the crisis is over. The …

Read More »

New Greek political party: “Drachma 5 stars”

Some Greek seems to have become jealous of Beppe Grillo’s success story and his “5 Star Movement”.  Theodoros Katsanevas, former son-in-law of PASOK founder Andreas Papandreou, revealed the establishment of a new political party: “Drachma 5 Stars”. A party with main aim the return to national currency, the Drachma. “Drachma, …

Read More »

German Bundesbank still sees risk of Greek euro exit

Germany’s central bank Deutsche Bundesbank sharply criticized the European Central Bank for the ways it handles the eurozone rescue and still sees risks for Greece to exit the euro area. In a 29-page report the Bundesbank analyses the risks of the euro rescue policies.  The report was prepared by DB …

Read More »

Hedge Fund earns $500m after betting against Grexit

(Financial Times) — One of the world’s most prominent hedge funds is sitting on a $500m profit after making a bet that Greece would not be forced to leave the eurozone, bucking the trend in a difficult year for the industry. Third Point, headed by the billionaire US investor Dan …

Read More »

Ex French FinMin Baroin Examined Impact of Greek Euro Exit in 2011

 Francois Baroin, the former French finance minister, examined the possibility of a Greek exit from the euro zone with his advisors, according to advance extracts published Tuesday on the website of French magazine L’ Express from his forthcoming book on his experiences during the debt crisis. “It was a discussion …

Read More »

German FinMin Rules Out Greece’s Bankruptcy or Euro Zone Exit

German Finance Minister Wolfgang Schaeuble has for the first time ruled out the possibility of debt-stricken Greece sliding into bankruptcy or leaving the euro zone. “I think there will be no state bankruptcy in Greece,” he told a meeting of the Singapore-German Chamber of Commerce and Industry in Singapore on …

Read More »

Greek PM Samaras: All We Want is Breathing Space – Euro Exit A Nightmare

Just hours before the crusial meetings with Euro Group head Jean-Claude Juncker, German Chancellor Angela Merkel and French President Francois Hollande, Prime Minister Antonis Samaras sent his message to the world of Greece’s lenders: We need a little breathing space to revive Greece’s economy,  the drachma would be a catastrophe, Samaras told …

Read More »

Roubini: Greece to Exit Eurozone, Government to Collapse 2013

Nouriel Roubini, the famous economic guru with the grim, Kassandra-style  forecasts made a prediction: In 2013, Greece will exit the Euro and Samaras’ government will collapse. Multi-conference talker and frequent-flyer Roubini did not bother to write his arguments on the issue, he just twitted the summary of his well-worked out thoughts. Roubini ‏: …

Read More »

Roubini: Greek Euro Exit Would Destroy the Euro

Economist Nouriel Roubini, the man who had been pushing Greece to exit the euro area for two consequent years, made a U-turn. “Stop supporting Greece would cause the euro zone to collapse” Roubini said in an interview to German daily BILD. He warned that a Greek exit would also trigger …

Read More »

Barroso-Papademos Hand-in-Hand Against Tsipras?

Why did Jose Manuel Barroso threaten Greece with euro exit right after May 6 elections? Reuters claims that the president of the European Commission made this statement after caretaker prime minister Lucas Papademos asked him to do so – in an effort to build a dam against Alexis Tsipras. According …

Read More »

IIF Dallara: Greek Euro Exit Would Destabilize World Economy, ECB

Greece’s euro exit would destabilise world economy, the European Central Bank and the contagion will affect other countries like Italy, Spain and Portugal, too, head of Institute of International Finance (IIF) Charles Dallara said in an interview. He urged a European realistic approach to austerity. The head of the global banking …

Read More »

EU Leaders vs Greek Voters: Huge Gap, Dangerous Cliff

Italian Prime Minister Mario Monti supports ND Antonis Samaras, French President Francois Hollande support PASOK Evangelos Venizelos. The two leaders of the Greek parties that definitely support the austerity bailout. At the same time a, while the country heads for fresh elections, Greeks have developed an allergy towards the austerity and the …

Read More »