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Tag Archives: haircut

Video footage proves the attack against Boutaris was “organized”

A video isolated from the plethora of footage posted on internet in the last two days, proves that the attack at the mayor of Thessaloniki, Yiannis Boutaris, was well organized and had little to do with “a spontaneous action by indignant citizens” angry about Boutaris’ statements, the economic situation in …

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German Economist Fratzscher: There will be haircut for Greek debt in 2018 but with another name

There will be Greek debt relief in 2018 but they will use another name for it, top German economist and  chairman of the German Institute for Economic Research (DIW), Marcel Fratzscher said in an interview to jungundnaiv.de, a German website that approaches political and economic issues in a relaxed, alternative …

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Lagarde: Greece doesn’t need Debt Haircut but Restructuring

Managing Director of International Monetary Fund, Christine Lagarde, said that “Greece doesn’t need debt haircut for the time being,” right after the meeting with German Chancellor Angela Merkel in Berlin on Wednesday. What needed is “debt restructuring and interest rate cuts on bailout loans.” Stressing the need of reforms, Lagarde …

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Eurogroup, Greece & the IMF: a new haircut or not?

The Eurogroup meets up on Monday in Brussels with Eurozone finance ministers expected to review individual bailout programs of Eurozone member countries. Greece will also be discussed even as its government is reportedly considering a proposal for a debt turnover Greek finance Minister Yiannis Stournaras will brief his counterparts about …

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Deputy FinMin Staikouras admits: “Greek debt is not sustainable”

SSSS-U-rrr-P-R-I-S-E! Greek deputy finance minister Christos Staikouras admitted that “the Greek debt is not sustainable and its relief will require negotiation.” In an interview to weekly Parapolitika, Staikouras said: “The public debt has been gaining strong increasing dynamics, whether in absolute levels or in relation to GDP, the debt is …

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Greek newspapers: how safe are Greek deposits?

When five Sunday newspapers speak about the safety of savers’ deposits  in their front pages, I think, it’s time we should start make thoughts about “how secured are deposits in Greece?” The Cyprus example might be “a template”, after all, as eurogroup head Jeroen Dijsselbloem recently said. Deposits in Greek …

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Cyprus president as “Figaro”: the crisis needs a leader (parody video)

Crisis of any kind can be eventually very inspiring. How much more when it comes to money and “poetic’ economic terminology like ‘haircut’.  OK, president Nicos Anastasiades may be not solely responsible for the crisis as he came to office end of February. But his negotiation skills with the Troika could …

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Granny knew about Cyprus bank deposit levy …in advance

A grandmother, resident of Paphos in Cyrpus, had recently developed a habit: every Friday, she would go to a bank branch and withdraw all her savings. On Monday, she would bring it back. After this happened on several weekends, the bank employees could not resist and asked the granny why she …

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Tsipras: Early elections, loan agreement negotiation and European Conference on Debt Crisis

Leader of main opposition party and chairman of left-wing SYRIZA, Alexis Tsipras, wants early elections in order to negotiate the loan agreement between Greece and its lenders and a new ‘haircut’. Speaking to state broadcaster NET TV, Tsipras declared, “the loan agreement is already dead” and “it needs to be …

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Alexis Tsipras, IMF seem to agree: new debt haircut essential

The impossible seems possible: Alexis Tsipras, leader of Greek main opposition party left-wing SYRIZA and the International Monetary Fund seem to have agreed that the Greek austerity program cannot succeed and therefore a new debt haircut is inevitable. After meeting with IMF officials in Washington, Tsipras told reporters that “cutting …

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