impact Archives - Page 2 of 2 - Keep Talking Greece

IMF and EU cannot decide on impact of a Grexit to other euro zone members

April 15, 2015 Economy 3

IMF’s chief economist Olivier Blanchard expressed hope that there will be an agreement with Greece, however he stressed at the same time that a Greek crisis cannot be ruled out. By “Greek crisis” Blanchard probably meant a “Greek exit from the euro” because as everybody knows since long ago that …

Baltakos-Gate stirs Greece’s political world, as the PM suffers from strong headaches

April 3, 2014 Politics 1

“I decided to play a specific role for the good of the party and Greece, we could not leave 500,000 Greeks trapped in Golden Dawn and do nothing. Somebody had to maintain contacts with them. I was telling them what they wanted to hear.” With these words former cabinet secretary …

Greek households survey: economic suffocation under the shining “success story”

January 23, 2014 Society Comments Off on Greek households survey: economic suffocation under the shining “success story”

Four in ten Greek households have at least one unemployed member, one in three fears to lose its home, one in ten had to sell assets in order to pay obligations, one in three cannot pay utility bills and mortgage installments. The list of so-called “Greece’s success story” is long …

Athens: angry citizen throws a handful of coins at IMF’s Poul Thomsen

November 5, 2013 Very Mix 2

I tell you and I said this before: Mercury is retrograde in Scorpio until November 10th and you should be very well aware of this fact. Unpleasant incidents and ugly things can happen in the direction of disturbed communication. Bizarre arguments? Confused thinking? Unexpected aggression? Tilt in publishing, writing and …

Man Commits Suicide After Being Deprived of Disability Pension

November 9, 2012 Society 12

“Wife, I won’t come back home. I have nothing to offer. I’m nothing. I love you all. Take care of the children … ” With these words Giorgos Chatzis made a last phone call to his family and bade farewell. Then he moved to put an end to his life. Giorgos …

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

October 30, 2012 Economy Comments Off on 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 …

National Bank Report: Greece’s Euro Exit Would Halve Incomes

May 29, 2012 Economy 5

OMG! Even Greece’s biggest bank, the National Bank, joined the anti-SYRIZA chorus. You know SYRIZA don’t you? The party whose leader Alexis Tsipras “threatens” to ruin Greece, the eurozone, the global economy from the humblest hut in a remote sub-Saharan village to a impressive glass skyscraper in Wall Street. How? He wants to cancel the …

What Will Happen if Greece Leaves the Euro?

May 10, 2012 Economy 12

There is so much talk these days about a possible euro exit of Greece, especially under a left, anti-bailout government. I found an very interesting article about the consequences for Greece and the other Euro countries. The author, an Italian, asked several market experts on the impacts that “such a shock” would …

Athens: Day After for Papademos’ Gov’ and Parliament Composition

February 13, 2012 Politics 1

At least 45 burned down shops, banks and cafes, some 160 civilians and policemen injured, looting, thousands of hurled stones and hundreds of fired tear gas devices, 199 “YES”, 74 “NO”, 45 expelled MPs: The second Memorandum of Understanding and the new austerity package passed by the Greek Parliament on Sunday leaving the …

ToscaFund: Euro Exit Will Lead Greece to Zimbabwe-Style Inflation

January 13, 2012 Economy 4

Should Greece exit the euro zone the impact would “be more than catastrophic with Zimbabwe-style inflation, social unrests, banks run and a military coup.” This horror-scenario was scripted by Savvas Savouris, chief economist of Tosca Fund, and was distributed to the clients of the London-based hedge fund. Introducing a new currency in Greece instantaneously …

Survey: Six Out of Ten Greek Households Unable to Pay Utility Bills

January 11, 2012 Society 16

…and soon they will not be able to pay even for their daily food. According to a survey conducted by the Institute of Small Enterprises (IME/GSEVEE), six out of ten Greek households have difficulties in paying monthly utility bills (electricity, water), taxes and repay bank loans. The survey was conducted among …

Thessaloniki: Debt-ridden Greek Sets Himself on Fire

September 17, 2011 Economy, Society 1

A 55-year-old man, desperate to lose his home due to a bank loan set himself on fire in Thessaloniki of Northern Greece on Friday. The man went in front of the bank, poured gasoline on this clothes and set them on fire. Armed with a gasoline jar and a loudspeaker and …

Strauss-Kahn’s arrest: Bad Timing for Greece

May 15, 2011 Economy Comments Off on Strauss-Kahn’s arrest: Bad Timing for Greece

Yes, IMF-head Dominique Strauss-Kahn has been praised as ‘a friend of Greece’, most likely due to the socialist ideals he shared with Greece’s Prime Minister Geroge Papandreou. Now DSK is sitting in a lonesome cell at a New York police station and all the world is eager for the moment …

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