Tag Archives: Schaeuble

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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The International Monetary Fund and the eurozone may need more time to reach an agreement on a debt relief package for Greece, the Fund’s managing director Christine Lagarde said on Friday. She urged eurozone lenders to be “far more specific” in their commitment to a debt-relief package for Greece. “We …

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The European Union has sharply cut the growth forecast for Greece on Thursday, sparking worries that the long delay in the second review of the third bailout program was damaging the economy. European lenders are in a row the International Monetary Fund over the sustainability of the Greek debt. The …

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The Bavarian Minister of Finance, Markus Soeder (CSU), a fierce Grexit supporter of Merkel’s  CDU sister party  apparently has moved away from his demand for a Greek euro exit. During a visit to Athens, Soeder said that the problems around Britain’s exit from the EU showed how difficult a Grexit …

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The full text of the Supplemental Memorandum of Understanding, the Draft Preliminary Agreement between Greece and creditors from May 2 2017 has been obtained by German finance newspaper Handelsblatt. A total of 53 pages describing in full detail the prior actions Greece will need to take not only for 2019 …

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German finance minister Wolfgang Schaeuble warned that without the participation of the  International Monetary Fund the current Greek fiscal adjustment program signed in August 2015 will have to radically change. The IMF insists on fiscal figures and targets the German-led Eurozone refuses to accept. Speaking to Passauer Neue Presse, Schaeuble …

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French presidential candidate Emmanuel Macron revealed how he will deal with Greek debt in case he wins the elections on Sunday. He said he is in favor of a concerted restructuring of the Greek debt by keeping Greece in the euro zone.. In his last elections campaign interview on Friday, …

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“Creditors are not our friends, they stand opposed to us, they just want to get their money back,” Greek Prime Minister Alexis Tsipras told the parliamentary group of SYRIZA on Friday just days before the lawmakers of the ruling party will be called to vote in favor of 3.6-billion euro …

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Creditors have cooled down Greece that has been awaiting for debt relief measures. “Greece has done its bit, now it wants debt relief,” Prime Minister Alexis Tsipras said on Thursday, two days after the agreement with creditors on additional measures 3.6 billion euros for 2019 and 2020. However, the country’s …

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Deal or half deal? Success or partial success? The Greek government reported of a deal with creditors on Thursday morning, of a preliminary technical deal and stressed that negotiations on debt relief could start. A few hours later, the German finance ministry forced Greeks back to earth, to an emergency …

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Former Greek finance minister, Yanis Varoufakis, claims to have secretly recorded his conversations with top figures, and says his experience showed how far Germany was willing to go to protect the single currency. His new book is named Adults in the Room: My Battle with Europe’s Deep Establishment, gives an …

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Eurogroup head Jeroen Dijsselbloem appeared at the Plenary of European Parliament for the first time after he stirred the Europeans of the South with insulting remarks. He made a kind of apology saying “I did not want to hurt anyone.” But as the Plenary topic was Greece, Dijsselbloem gave a …

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Greek Prime Minister Alexis Tsipras said that the additional austerity measures 2019-2020 will not be implemented if there is no measures for debt relief. In an interview to private ANT1 TV on Tuesday evening, the Prime Minister clarified that the government will legislate for the additional pension cuts and higher …

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German Finance Minister Wolfgang Schaeuble blames the Greek government for the current delays in the review of the country’s bailout program. “The Greek government bore responsibility for current delays,” Schaeuble told reporters in Washington on the sidelines of the International Monetary Fund spring meetings. Greece is to blame that its …

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“Angela, once you called me about my finance minister. Now, I call you about yours.” This is what Prime Minister Alexis Tsipras told German Chancellor Angela Merkel on Wednesday, two days before the Eurogroup meeting in Malta on April 7,2017.  It was Tsipras’ phone call to Merkel that unblocked the …

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“Greece will have access to the markets by 2018,” German Finance Minister Wolfgang Schaeuble said in a rare attack of positive mood towards Greece. “I expect the IMF to remain in the Greek program. It is not so important with what amount the Fund will be involved, what is crucial …

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While the Greek government is making desperate efforts to have the additional austerity measures of further pension cuts and broader tax-free basis implemented in 2019 and 2020, the known ‘powers’ take to their favorite hobby: sabotage, boycott, hit and run and new obstacles. A day before the crucial Eurogroup meeting …

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Greek Prime Minister Alexis Tsipras said Wednesday evening he doesn’t think a Euro Summit will be necessary. A couple of hours earlier, he had said that he will call for an emergency EURO Summit before Easter should the talks on the second review of the current Greek program stall at …

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The teleconference between Greece and creditors scheduled for Wednesday evening has been cancelled. The conference was to take place between Greek government representatives – Finance, Deputy Finance and Labor Ministers – and representatives from the institutions. According to government sources, the teleconference was cancelled because one of the representatives of …

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Managing director of the International Monetary Fund, Christine Lagarde, said that she disagrees with German Finance Minister Wolfgang Schaeuble over Greece’s financial problems. “I am not aligning myself with Minister Schaeuble who says that Greece’s problem is not debt but productivity,” Lagarde said in an interview to conservative-leaning American Enterprise …

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