Head of Eurogroup, Jeroen Dijsselbloem decided to launch a revolution. In an interview to a German conservative newspaper, he called on the end of the EU Troika and the mutation of the European Stability fund into a European IMF. Behind Dijsselbloem’s proposal stands the powerful German Finance Minister Wolfgang Schaeuble …
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Dark “EU sources” keep up the good old Dirty Games blackmailing Greece with the IMF
Just days before the Eurogroup meeting on Greece’s program review and the country’s European lenders keep up the good traditional work of Dirty Games, Blackmail and Pressure. We’ve been there, we’ve seen that. We’ve heard “the anonymous EU source” one million times since 2010 when the first bailout was signed …
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Crucial program review negotiations end without agreement
The critical negotiations between Greece and the lenders aiming to conclude the second program review …concluded at 5:30 a.m. on Tuesday without agreement. Main issues that still remain open are the Labor and the Fiscal ones. There was some convergence in the fiscal issues, the gap decreased to 600 million …
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Greece aims for agreement on 2nd review by November 28th
The Greek side is aiming for an institutions-level agreement on the second review by November 28, when the EuroWorking Group will meet to prepare for the Eurogroup on December 5, a Greek finance ministry source told the press here on Tuesday. Achieving this target will also mark the start of …
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EU Commission threatens to take the ELSTAT issue to Eurogroup and to 2nd Greek Program Review
One day after the blatant intervention of the European Commission in the legal case of former president of Greek Statistics Authority ELSTAT, Employment Commissioner Marianne Thyssen strikes back and threatens Greece that the Eurogroup will take up the ELSTAT issue on the September 9th meeting. In an interview to daily …
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Lenders’ Water Torture: Two Privatization issues delay Greece’s Program Review & bailout tranche
Greece and lenders are just a couple of steps away to conclude the Greek Program Review and have the 7.5-billion euro bailout tranche arrive in Athens and from there have 90% of the loan turn back to lenders. The Euro Working Group did not close the Review yesterday, Monday, but …
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Eurogroup: Did Schaeuble trade “at least 50K refugees in Greece” for “debt relief discussion”?
Remember when we used to have these old record players and sometimes there was a problem with the needle and it would get stuck? The Eurogroup seems to have the same problem. Its needle sticks and it repeats the same thing again and again. After the meeting today, in his …
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Did Germany offer Greece a trade “Bailout program review for Migration Control”?
Did they? Will they? Is there a trade between “Greece’s Adjustment program progress review” and “keeping migrants and refugees out of Europe?”. I f I am not wrong – and I am not! – we had this issue some months ago. As usual, I ‘m just too lazy – ‘busy’ …
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Moscovici to Greece: Forget about debt relief, first program review then discussion on “debt serving”
“The IMF is an asset,” EU Commissioner for Monetary Affairs Pierre Moscovici told reporters in Brussels, as in Athens the government ministers struggle to find a way out with creditors representatives on hot potatoes like the red-loans and the pensions. But talking to Greek reporters he tried first of all …
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If Germany wants Grexit & Lafazanis wants Drachma, the logical conclusion is: Berlin supports Popular Unity!
Many Greeks have been wondering what is the purpose of the snap elections scheduled for September 20th? Some answer the question replying “Tsipras could not govern with the support of the opposition but without the support of his own MPs,” others warn that “with such a huge debt and such …
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ECB to stop accepting Greek bonds as collateral for granting liquidity
This is pure and blatant blackmail and came without a warning! The European Central Bank decided to stop accepting Greek bonds as collateral for granting liquidity as of February 11th 2016. Greek banks can still receive emergency funding from Greek Central Bank via Emergency Liquidity Assistance, a statement said. ECB …
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