Varoufakis’ fans get ready! The ex finance minister is preparing to launch a European movement that will develop into a political party. Yanis Varoufakis will push for a Pan-Εuropean network for fight austerity. Instead of running for the upcoming elections, he will put his energy into political action on European …
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Schaeuble: Greece’s choice to exit the eurozone, a 4.bailout can’t be completely ruled out in the future
A few hours before the German Bundestag votes for the 3. bailout package for Greece, Finance Minister Wolfgang Schäuble (CDU) went to state broadcaster ZDF and campaigned in favor of the so-called “new aid package” for the debt-ridden country. He told the German public and his fellow lawmakers, that he …
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Tsipras: I cannot say with certainty we avoided Grexit until bailout finalized
Prime Minister Alexis Tsipras was interviewed by state ERT TV on Tuesday evening. It was his first interview after the Brussels agreement on Monday morning with the Euro leaders. Below I copy paste my tweets with Tsipras’ answers to journalists’ questions. Tsipras’ answers: Schaeuble told Varoufakis in March, tell your …
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ND MP proposed to creditors “to reject Tsipras’ Reform List” & “impose capital controls”
Do Greece’s creditors follow and apply advises proposed by conservative New Democracy? It is highly interesting that ND parliamentary group leader and former Health Minister Adonis Gerogriadis had already “advised” creditors to not adopt Tsipras’ plan and instead economically drain the country and impose capital controls. Georgiadis’ proposal came after …
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Lagarde claims “Greek Referendum will be legally invalid”
IMF’s Managing Director Christine Lagarde finally found the needed strength to express her view on Greece’s Referendum. Speaking to BBC, Lagarde said that next Sunday (July 5th) referendum will not be valid as the creditors’ proposal and program end on June 30th. “I can’t speak for the IMF program, because …
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Study: Austerity in Greece led to tragic increase of 35% in suicides in just two years
Tough financial austerity measures in Greece have led to a 35% jump in suicide rates in a little less than 2 years, new research shows. “Our main finding was that after 2010, when harsh austerity measures were implemented in Greece, we noted a significant increase in suicide rates for the …
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Dijsselbloem: Deal with Greece not at hand yet, rejects debt write-off
While the Greek government awaits for a creditors’ response to the reforms proposals it submitted late Monday, head of the Eurogroup Jeroen Dijsselbloem spoke and said: Deal with Greece is not at hand yet. Speaking to Dutch RTL Nieuws, Jeroen Dijsselbloem said: 1. It is was not certain whether Greek …
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Tsipras warns Greek exit would trigger EZ collapse, as markets will attack next country
Greece leaving the eurozone, dubbed the ‘Grexit’, would be a major blow for the European Union, as it would trigger a domino effect and eat deeply into taxpayers’ pockets, said the Greek Prime Minister Alexis Tsipras “I think it’s obvious. It would be the beginning of the end of the …
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Dijsselbloem: “Everytime I meet Juncker, he embraces me and I get wet kisses”
“>In an interview with Dutch magazine Vrij Nederland, Eurogroup head Jeroen Dijsselbloem speaks among other about his relation with European Commission President Jean-Claude Juncker. Dijsselbloem says that his relation to the former Eurogorup chief had really improved after he apologized twice for describing him as “a smoker and drinker.” Jeroen …
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Greek PM Tsipras: priority are wages and pensions; referendum if no deal (videos ENGLISH)
“Breakthrough in bailout talks is close,” Prime Minister Alexis Tsipras announced Monday evening as Greece is struggling to strike a deal with the country’s creditors by May 9th and avoid default to International Monetary Fund. In a live-interview to a private television channel, Tsipras ruler out snap elections but he …
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Greek Alt. FinMin Tsakalotos: “We are ready for a rift!” Seriously or Dialectics?
Greece’s Alternate Finance Minister Evklidis Tsakalotos revealed the determination of the government to “go to rift” if negotiations have no successful conclusion and the list of reforms would not be accepted. Speaking to private Star TV on Friday morning, Tsakalotos did not explicitly named the country’s creditors but it’s rather …
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Greek – German “War of Words” escalates and turns nasty
There is no cure for the Greek – German relations with insults and unacceptable descriptions to land into the minefields of both sides. There seems to be no sight of the verbal crisis diffusion, unless, German Finance Minister Wolfgang Schaeuble goes home and devotes himself to his rose garden. His …
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IMF’s Director Batista: Greek bailout was “to save German & French banks” (video)
This was never said officially before! “They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday. Batista strongly criticized not only the euro zone and the European Central Bank but also …
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Varoufakis: “Anything better than confining us to an austerity hole, where we shrink every day”
In an interview to Irish Times, Finance Minister Yanis Varoufakis spoke about the agreement Greece reached at the Eurogroup meeting last week and the ways the indebted-country has to come out of austerity. Below some excerpts: “The deal managed to separate Greece’s loan agreement with its creditors from the memorandum …
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Varoufakis: “Cloud of fear over Europe that risks becoming worse than former Soviet Union”
“Europe risks to become worse than the former Soviet union, the USSR,” Greek Finance Minister Yanis Varoufakis told Italian State Television Rai 3. In an interview to TV magazine Presa Diretta, the Greek FinMin said that “in recent years Europe is covered by a cloud of fear that threatens to …
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Varoufakis: “I’m finance minister in a bankrupt country”
“I’m the finance minister of a bankrupt country,” Finance Minister Yanis Varoufakis told German weekly DIE ZEIT and ZEIT ONLINE in an interview full of messages and good intentions, just days before his meeting with his German counterpart, Wolfgang Schaeuble on Thursday. He promised “a big reform program” and urged …
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FinMin Varoufakis: “We don’t need €7bn tranche, we need debt restructure”
“We don’t want the €7 billion. We want to sit down and rethink the whole program,” Greek Finance Minister Yanis Varoufakis told New York Times in an interview right after he assumed his new post. Out task “is to restructure the debt and the economy to get the money we …
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Tsipras to Channel 4: “We want debt relief, German WWII reparations & return of Acropolis Marbles”
Good old Abba and the winner takes it all… In a lengthy interview with Britain’s Channel 4 leader of left-wing SYRIZA Alexis Tsipras said he wants it all: a debt relief, German World War II reparations and return of the enforced loan plus the Acropolis Marbles. “We are going to …
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John Perkins: How “economic hit men” bring countries to fall
This is a very interesting aspect based on the confessions of a so-called “economic hit man”. John Perkins, author of the book “Confessions of an Economic Hit Man” claims that it is international organizations like the IMF or the World Bank that under the pretext of ‘saving a country’ in …
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You know the economic crisis is over, when Greek FinMin…
The Greek economic crisis is over! Finance Minister Yiannis Stournaras said so to daily The Globe and Mail. In order to convince the Canadian journalist about the bright side of the recovering Greek economy Stournaras came up with an unquestionable argument: He replaced the windows of the finance ministry in …
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