Wednesday , February 8 2023
Home / Tag Archives: loan agreement

Tag Archives: loan agreement

Greece to seek 6-month extension of loan agreement and other conditions

Greece will submit a request to extend its loan agreement tomorrow Wednesday, Greek media reported citing government sources Tuesday evening. The Greek request to the eurogroup will be based on the “Eurogroup draft of February 11th”, note some media, while others claim that it will be based on the “negotiation …

Read More »

New austerity measures to hit Greeks also in 2014

Despite the government heralding the exit from the economic crisis and the primary surplus celebrations, a series of austerity measures will hit Greeks also in 2014. Until the end of the year, Samaras-Venizelos coalition government has to: lay-off 11,000 civil servants decrease the supplementary pensions eventually decrease the main pensions …

Read More »

Olli Rehn: Greek haircut did not happen in 2010 in order to save European banks and EU member states

It’s official! What we thought and reported about back in 2010 and 2011 about why there was no haircut of Greek debt, it’s been now officially confirmed by EU commissioner Olli Rehn. “Greek debt did not undergo restructuring ( haircut ) in 2010,  in order to avoid contagion of the …

Read More »

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 …

Read More »

Venizelos (PASOK) Wants Revision of the Loan Agreement (MoU)

Leader of socialist PASOK, Evangelos Venizelos, tabled a proposal with six points concerning the revision of the loan agreement between Greece and its lenders. During his meeting with acting prime minister Panagiotis Pikrammenos on Monday, Venizelos claimed that Greece can achieve the revision of MoU, even though leading EU officials dismiss …

Read More »

Athens: Parliament Debate on Loan Agreement & Austerity

The debate on the crucial voting of the new loan agreement and the new austerity package is to start soon in the Greek Parliament. The voting will start at 12 midnight, the results are expected at 1 a.m. Most probably the MPs will vote by name.  Greek Communist Party will ask …

Read More »

Greek Poll: 70% Reject Drachma, 79% Reject Loan Agrement

 70% of the Greeks consider that things will get worst if the country abandons the euro and returns to Drachma. Only 15% believe things will be better. In a poll conducted by the Public Issue for  private broadcaster Skai and published on Feb 7/2012, 79% of the asked reject the …

Read More »

Greece in Uproar After Cannes-Humiliation: Live Blogging

Greece is in uproar after French President Nicholas Sarkozy and German Chancellor Angela Merkel imposed the date and the referendum question and froze the 6th aid tranche of 8 billion euro until Greeks say YES to referendum. It was short after midnight when Merkel and Sarkozy announced the referendum conditions …

Read More »

G20 “Blocks” Political Developments in Greece

The invitation of French President Nicholas Sakrozy to Greek PM George Papandreou had a catalytic role in the political turmoil that broke out in Greece after Papandreou announced a referendum on the loan-agreement of October 26th. With no exception all opposition parties rejected the planned referendum and retiated their demand …

Read More »

Greece: Dramatic Political Developments – Live Blogging

The atmosphere within Greece’s governing party PASOK seems to be extremeley thick and Ministers come now and openly oppose the referendum or distance themselves after the fierce reactions by opposition parties and public. It looks as if PM Papandreou had not informed the cabinet on this decision, but just a few …

Read More »

Athens Stock Exchange Plunged -6.92% on Referendum

The Athens Stock Exchange suffered heavy losses of -6.92% in the aftermath of the referendum announcement on the loan-agreement on Monday evening by PM George Papandreou. The General Index closed qt 782.65 unit and the total volume was 75.72 million euro. Stocks on the banking sector suffered the heaviest losses …

Read More »

Europe, IIF “freeze” over Greek Referendum…

I guess the IMF is speechless too. So far there has been not official statement to the decision of Greek prime minister George Papandreou to put the new loan agreement in a referendum. Formally, the response of the representative of the European Union Carolina Kotova was “no comment” and “We …

Read More »

Greek PM Calls Referendum Over “Haircut”-Agreement

Greek prime minister George Papandreou announced referendum over the October 26th, 2011 Loan-Agreement  (“Haircut”-Agreement) stunning the public. It was the PM’s answer to all criticism by the opposition, the society and even some of his own deputies, the request for early elections and/or government of national unity. Speaking to parliamentary …

Read More »