Tag Archives: proposal

Amazing! European Commission President Jean-Claud Juncker sat down and wrote several pages of a proposal to “help” Greece strike a deal with its creditors, unlock the impasse. allow the release of some bailout money to avoid default on June 5th 2015 and give time for a new deal in autumn. …

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Left-wing SYRIZA tabling Tuesday evening a proposal for the establishment of a Parliament committee assigned to investigate the laon agreements (Memorandum of Undestanding) between previoous Greek governments and the country’s lenders IMF, EU and ECB. The inquiry will investigate the time periods October 2009 -May 2010 (Papandreou gov’t, 1. loan …

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Liquidity problems? Greece’s official creditors had a genius idea. They apparently proposed to Athens to halt the payment of salaries and pensions for one to two months. This would allegedly tackle the problem of liquidity and find a solution to Greek problem of how to pay back bailout loan tranches …

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Germany’s Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help. “(A capital levy) corresponds to the principle of national responsibility, according to which tax payers are responsible for their …

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The times when state bonds underwent haircut or ‘debt restructuring’ to easy the national debts seem to be over. Cyprus showed the way with ‘seizing’ 50% of savings over 100,000 euro. While the International Monetary Fund and the Eurozone quarrel over a possible Greek debt haircut and the debt/bailout program …

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Justice Commissioner Viviane Reding called on Tuesday for the “troika” of the European Commission, the European Central Bank and the International Monetary Fund (IMF) to be dissolved, Reuters reported. “The time of the troika is over,” Reding said in a text of the main messages she gave at a citizens΄ …

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Vyron Polydoras, lawmaker of Samaras’ Nea Dimocratia, made a surprised statement on Monday. Speaking to private Real FM, Polydoras said that Nd should open the door to Golden Dawn. Asked by Real FM reporter whether ND should cooperate with Golden Dawn, Polydoras replied: “Certainly. We demonstrate sensitivity towards Golden Dawn …

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Left-wing SYRIZA lawmaker Tasos Kourakis made a ‘revolutionary proposal’: that clerics’ wages should be funded not by the state but by those who declare themselves to be Christian orthodox and thus through a special tax similar in other European countries like Germany. The funding scheme was proposed by Kourakis in …

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Greek coalition government parties down voted a proposal by SYRIZA, Greece’s main left-wing opposition party, to establish a committee charged with investigating the country’s signing of the bailout deals with the EU and the IMF. During a voting on Thursday, the Syriza proposal received 167 NO and 119 YES. Among the …

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A copy of latest proposal for the EU budget had been obtained by Open Europe Blog. European Council President Herman Van Rompuy proposes that the headline spending figure remains broadly unchanged in the new proposal, standing at €1,014bn (a €4bn increase), but more cash is spent on farm subsidies and structural funds, in …

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Athens categorically rejected the German proposal to cede control over its budget to the European Union as a precognition for the second bailout, the rescue package for Greece. “We can never accept this. A similar proposal was made in the past by a  Dutch minister. We do not even discuss …

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 Germany pushes for the end of the Greek sovereignty and demands to cede budget control into the hands of Greece’s lenders. The German government wants not only to appoint a state commissioner but also to take control of the budget decisions of the debt-ridden country. In a shocking proposal  obtained by Financial Times, …

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Conservative Nea Dimokratia MP and former Minister Gerasimos Giakoumatos called the Greek government to lease the Acropolis and the major archaeological sites in order to fill up state registers. Speaking to VIMA FM Giakoumatos said “it is better to rent to private companies the Acropolis than to cut wages and …

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I love to receive interesting posts by KTG-readers. Different ideas and opinions enrich a blog anyway. An article on Greek economy and rescue efforts, written in a way that everybody can understand,  is a must now a days for those who want to know the What and Why and Why Not as …

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