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Lagarde in Athens: Greek economy and people an example of resilience

October 26, 2023 Economy 2

European Central Bank President Christine Lagarde praised the return of Greek economy to health following the economic crisis and the resilience of the Greek people. The former chief of the International Monetary Fund who destroyed the lives of thousands of people by demanding the last cent they had, is currently …

EU and ECB end electricity and energy support measures for citizens

June 6, 2023 Economy Comments Off on EU and ECB end electricity and energy support measures for citizens

The European Commission and European Central Bank chief Christine Lagarde urged EU governments to stop energy support measures to citizens. Speaking at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament on Monday ECB chief Lagarde said: “As the energy crisis fades, governments should roll …

ECB’s decision on Greek bonds a “message of confidence”, says Greece

December 17, 2021 Economy Comments Off on ECB’s decision on Greek bonds a “message of confidence”, says Greece

A decision taken by the European Central Bank on Greece is a strong message of confidence and a signal of acknowledging the progress made by our country, Finance Minister Christos Staikouras said on Friday, commenting on an ECB’s decision on Greek bonds. The European Central Bank will offer threefold support …

ECB’s Lagarde delivers a laudatory speech to honor Dr Schaeuble

November 6, 2019 Economy Comments Off on ECB’s Lagarde delivers a laudatory speech to honor Dr Schaeuble

Laudatory speech by Christine Lagarde, President of the ECB, for Dr Wolfgang Schäuble at the VdZ Publishers’ Night, Berlin, 4 November 2019. The English philosopher John Stuart Mill once observed that “a great statesman is he who knows when to depart from traditions, as well as when to adhere to …

Lagarde: Greece’s primary surplus at 3.5% is excessive, should be reviewed

September 4, 2019 Economy Comments Off on Lagarde: Greece’s primary surplus at 3.5% is excessive, should be reviewed

The future President of the European Central Bank, Christine Lagarde, suggested that the Greece’s commitment to a 3.5% of GDP primary surplus target is “excessive” and should be reviewed. Lagarde made this statement during her hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels …

Lagarde – Tsakalotos talk about IMF loans early repayment, Gavra’s film

April 14, 2019 Economy Comments Off on Lagarde – Tsakalotos talk about IMF loans early repayment, Gavra’s film

Early repayment of IMF loans was not the only topic between Greek Finance Minister Euclid Tsakalotos and managing director of the international Fund Christine Lagarde on the sidelines of the spring meeting of the Fund and the World Bank. It was the Greek cinema and most likely the film “Adults …

IMF’s Lagarde positive on early loans repayment by Greece

April 13, 2019 Economy Comments Off on IMF’s Lagarde positive on early loans repayment by Greece

Managing Director of International Monetary Fund Christine Lagarde is positive to the idea that Greece repays earlier part of its loans, state broadcaster ERT TV reported on Saturday following a meeting between Lagarde and Finance Minister Euclid Tsakalotos in Washington. the news comes just hours after reuters reported that Greece …

Lagarde urges EU South countries to fight youth unemployment with “reforms”

February 15, 2019 Economy 1

Managing Director of International Monetary Fund, Christine Lagarde, urged the countries of the European South to proceed with the famous “structural reforms” in order to combat the high rates of youth unemployment. Of course, she forgot that the reforms the IMF enforced to these countries sent thousands of Greeks, Portuguese …

Greece’s Creditors troll Greeks: The best of Eurogroup quotes

June 22, 2018 Economy 1

One after the other, the heavy weights of the Eurozone took the floor after the extensive and exhausting 9-hour Eurogroup meeting on Thursday. They started to congratulate each other and praise the deal they reached with Greece. In fact, they did not reach any deal that normally occurs after lengthy …

“IMF never asked additional spending cuts in Greece,” claims Lagarde

April 20, 2018 Economy Comments Off on “IMF never asked additional spending cuts in Greece,” claims Lagarde

Despite deep cuts having been made in state spending in Greece, the International Monetary Fund’s (IMF) managing director Christine Lagarde has claimed that it wasn’t on account of the Fund. Speaking to reporters on Thursday in Washington DC, where she is taking part in meetings between the IMF and Washington …

Davos: Lagarde, Moscovici congratulate Tsipras on reforms in Greece

January 26, 2018 Greece, Politics 2

Managing Director of International Monetary fund and European Union Monetary Affairs Commissioner Pierre Moscovici congratulated Greek Prime Minister Alexis Tsipras on the reforms in Greece. The Greek prime minister met the two officials in separate meetings on the margins of the World Economic Forum in Davos on Thursday. Greke media …

Lagarde claims “The IMF was vastly misunderstood on Greece’s pensions cuts”

January 25, 2018 Economy 2

Pensions in Greece were too high and had to be regulated, Managing director of the International Monetary Fund, Christine Lagarde, said at the world Economic Forum in Davos on Wednesday. To cut pensions was a “difficult political dilemma” she added. “In case of Greece, pensions were significantly higher than in …

Lagarde on climate change: “We will be toasted, roasted and grilled”

October 25, 2017 environment 1

The managing director of International Monetary Fund, Christine Lagarde, warned of ‘dark future’ if the world fails to take steps to address global warming. “We will be toasted, roasted and grilled,” Lagarde told participants at a economic conference in Riyadh, Saudi Arabia. According to Guardian, Lagarde warned that the world …

“Debt relief essential for Greece to return to growth” says Lagarde at meeting with Tsipras

October 17, 2017 Greece, Politics Comments Off on “Debt relief essential for Greece to return to growth” says Lagarde at meeting with Tsipras

Prime Minister Alexis Tsipras visited the International Monetary Fund and had a meeting with Managing Director Christine Lagarde in Washington DC. After the meeting, the Fund said Tsipras and Lagarde “are committed to working for Greece to return to growth and exit official financing next year.” Tsipras said he is …

OECD report: Greece only country that increased taxes, VAT and social contributions in 2016

September 14, 2017 Economy Comments Off on OECD report: Greece only country that increased taxes, VAT and social contributions in 2016

Greece is defying the prevalent trend among the world’s industrialized nations for reducing tax rates in order to boost investment and competitiveness, a report published by the Organization for Economic Cooperation and Development (OECD) has shown. In contrast Greece has increased labor and corporate taxes, Value Added Tax as well …

IMF’s Lagarde in Athens following invitation by the Greek President

August 22, 2017 Economy 1

Managing Director of the International Monetary Fund, Christine Lagarde, is packing her luggage. For a visit to Greece. She has an open invitation by the President of the Greek Republic, Prokopis Pavlopoulos, who expressed it verbally. However, according to protocol, it is the finance ministry that formally sent the invitation …

IMF approves ‘in principle’ €1.6bn loan for Greece , will not give a cent until debt sustainable

July 22, 2017 Economy Comments Off on IMF approves ‘in principle’ €1.6bn loan for Greece , will not give a cent until debt sustainable

The International Monetary Fund (IMF) Executive Board has given “in principle” approval to a new programme for Greece but made this conditional on both assurances from Greece’s European lenders and that reforms remain on track and the debt is sustainable. ‘In principle’ the IMF decision is positive for Greece, in …

Greece needs more prior actions before tranche disbursement possible

July 4, 2017 Economy Comments Off on Greece needs more prior actions before tranche disbursement possible

A delay is expected in the disbursement of the bailout tranche from Greece’s creditors. Reason for the delay is allegedly that some of the prior actions required have yet to be fulfilled. Speaking to daily Kathimerini, sources say that instead of the decision that was to be made on Thursday, …

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 …

Lagarde tells Tsipras: If no debt relief measures, IMF leaves the Greek program

May 14, 2017 Economy 1

Greek Prime Minister Alexis Tsipras and managing director of International Monetary Fund Christine Lagarde agreed on the need for debt relief measures. Furthermore, Lagarde sent a clear message to Berlin. the Fund will not participate in the Greek program without debt relief measures. During their meeting on the sidelines of …

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