Handelsblatt Archives - Keep Talking Greece

Lagarde gives Schaeuble time to delay Greek debt relief decisions until 2018

June 6, 2017 Economy 1

Managing director of the International Monetary Fund, Christine Lagarde, paved the way for a potential compromise at the next Eurogroup meeting on the Greek debt crisis. In an exclusive interview with German economic newspaper Handelsblatt, she said the IMF is willing to participate in a Greek bailout and give European …

Creditors make it clear: No debt relief for Greece before 2018

May 5, 2017 Economy Comments Off on Creditors make it clear: No debt relief for Greece before 2018

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 …

Schaeuble calculates “interest rates deferrals will amount to €120 billion by 2040”

March 29, 2017 Economy 1

Greek debt interest deferrals would amount to €120bn over 23 years, the German finance ministry has calculated. Wolfgang Schaeuble can only say NEIN. The Greek government can keep struggling to persuade its creditors for ease of repayment terms. In vain. In an internal paper obtained by German economic news daily …

IMF’s Thomsen admits Greece forecast based on insufficient data

February 15, 2017 Economy 3

For one more time, the International Monetary Fund had to admit that its methods for projections and forecast were questionable. In an effort to reject criticism coming from Greece’s European lenders, the director of the IMF European Program, Poul Thomsen, admitted that the Fund did not had all available and …

German ESMT Study: 5% of bailout money went to Greece’s state & people, 95% went to European banks

May 4, 2016 Economy 15

We have been knowing this and there have been reports in the past: that the majority of bailout money went -and still goes- to banks and the lenders and not to the Greek state or people. The bailouts were supposed to get Greece back on its feet – only that …

UPD Juncker, Moscovici, Berlin signal to scrap the Troika

February 2, 2015 Economy 5

European Commission President Jean-Claude Juncker and EU Commissioner for Economic and Financial Affairs Pierre Moscovici signaled that they want to scrap the Troika, the representatives of International Monetary Fund, The European Union and the European Central Bank, dealing with the Greek bailout programs, the austerity time table and the so-called …

Tsipras accuses creditors of “fiscal waterboarding”

January 13, 2015 Economy Comments Off on Tsipras accuses creditors of “fiscal waterboarding”

Alexis Tsipras, leader of left-wing Syriza a said Greece cannot repay its debt as long as its creditors enforce “fiscal waterboarding” and signaled he will boost government spending if his Syriza alliance wins power. In an op-ed article in Germany’s Handelsblatt newspaper today, Mr Tsipras said the notion that Greece’s …

German prejudice reloaded: “Feta Cheese, Olives & Retsina are not enough for economic growth”

February 4, 2014 Economy 7

I’ve been wondering whether I should start with the comment or the news. But the title has it all. “With feta cheese, olives and retsina, the Greek economy cannot come off the ground,” writes professor Alexander Kritikos. The academic – Greek by name – is Research Director at the German …

FinMin Stournaras: Greece could return to debt markets in 2014

August 26, 2013 Economy Comments Off on FinMin Stournaras: Greece could return to debt markets in 2014

Greece could return to debt markets to test the water in the second half of 2014 if his country returns to growth in the first half of next year and manages a primary surplus, its finance minister said in a German media interview out on Monday. “That would be a …

German Bundesbank still sees risk of Greek euro exit

April 26, 2013 Economy Comments Off on 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 …

Greek PM: Money Available ‘Till End of November, Democracy at Risk if Gov’t Collapses

October 5, 2012 Politics 10

Greek prime minister Antonis Samaras hit dramatic tunes about the state finances and the social situation of the country. Speaking to German daily Handelsblatt, Samaras stressed the necessity of the 31-billion-euro bailout tranche saying that Greece has money until the end of November. “Then the cash box is empty,” Samaras said. “Antonis Samaras told …

Greece’s Creditors Dispute on Greek Bailout, While Germans Speak of Fresh Debt Restructuring

September 21, 2012 Economy Comments Off on Greece’s Creditors Dispute on Greek Bailout, While Germans Speak of Fresh Debt Restructuring

Greece’s economy, debts, loans and inability to take the problems under control spark fierce discussions not only among the locals like taxpayers and tax-evaders, unionists and unemployed, employees and pensioners, representatives of political parties. Equally involved in the dispute are the country’s international and European creditors, taxpayers around Europe and economists. However …

Merkel Party Official Threatens Greece With Veto Over Further Bailout Aid

August 13, 2012 Economy 1

A deputy parliamentary leader of CDU, the party of German Chancellor Angela Merkel issued a stark warning to Greece, and said that Germany would not hesitate to veto further aid to the country, if the re any signs it was not meeting the conditions of its bailout. Michael Fuchs told …

German Handelsblatt to Greek PM: You’re a bankrupt… hero!

May 13, 2011 Economy 1

As if our life isn’t hard enough, a German newspaper writes an open letter to George Papandreou and declares more or less ‘You are an insolvent …hero’. Moreover, Gabor Steingart, Editor-in-Chief of business daily Handelsblatt triumphs that “There is a life after death” -as the article title assures. However as it has not been …

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