Tag Archives: Schaeuble

German Finance Minister Wolfgang Schaeuble said he would not support as new bailout for Greece if the International Monetary Fund decides to stay away form the current Greek program. Speaking to Bloomberg at the World Economic Forum in Davos, Schaeuble said “The Greek program is based from the very beginning …

Read More »

German Finance Minister Wolfgang Schaebule is preparing the continuation of the Greek aid even without the participation of the International Monetary Fund. According to German daily BILD, the gap resulting from the absence of the IMF should be filled by the European Stability Mechanism. Unnamed sources told Bild, that the …

Read More »

Another warning by the man who never smiles. Another warning to Greece by the man who has nothing better to do than add 0.00002 + 0.00001/2 and double check to verify and confirm the result. Another warning by the bitter man who warns others but himself remains bitterly relaxed. Schäuble …

Read More »

German Finance Minister Wolfgang Schaeuble warned that new negotiation should take place with regards to Greece’s bailout program, should the International Monetary Fund ultimately decide to remain out of the program. Speaking to German daily Sueddeutsche Zeitung, Schaeuble said “If the IMF for some reason decides not to participate, the …

Read More »

“European institutions are not the home of rational debate that influences outcomes. But if the rules-are-rules narrative is not replaced it will lead to the break up of the Union.” This has been written among other by Greek Finance Minister Euclid Tsakalotos and posted in Open Democracy. Here an excerpt …

Read More »

German Finance Minister Wolfgang Schaeuble slammed Greek Prime Minister Alexis Tsipras for accusing Germany that it targets Greek low-pensioners. In an interview to DIE ZEIT, Schaeuble said that he had “absolutely no compassion for Tsipras when he blames the German government for wanting to harm Greek pensioners.” Background for Schaeuble’s …

Read More »

German Finance Minister Wolfgang Schaeuble did not miss the chance for a last minute intervention aiming to influence the Euro Working Group meeting today to evaluate whether the Christmas bonus for low-pensioners is compatible with the creditors’ commandments. The German Finance Minister warned that such measures as the Chrsitmas bonus …

Read More »

The European Commission got angry at the chief of Eurogroup Jeroen Dijsselbloem for issuing a statement announcing the freezing of short-term debt-relief measures for Greece due to social support for low pensioners. Dijsselbloem had claimed that the institutions had taken the decision. Statement on #greece pic.twitter.com/7kmVmf0eQJ — Michel Reijns (@MichelReijns) …

Read More »

The otherwise so slow-paced European Union was quick to react to the social measures Greek Prime Minister Alexis Tsipras announced five days ago. The country’s European creditors decided to freeze the minor debt relief for Greece in protest at Greek government’s Christmas bonus to low-pensioners and scrapping upcoming Value Added …

Read More »

Germany has asked the institutions involved in Greece’s aid program to assess whether Greek reforms are compatible with its bailout obligations and wants a quick answer to avoid delaying short-term debt measures, a finance ministry spokesman said. “We expect swift clarification on this issue so that the implementation of short-term …

Read More »

At the Eurgorup meeting on Monday, Germany won. There will be no program review for Greece this year. Athens has to wait until it could be able to sell bonds to the European Central Bank’s quantitative easing scheme and return to the markets. The stalemate allegedly left Greece’s allies among its …

Read More »

Greece must reform or leave eurozone. German finance minister Wolfgang Schaeuble o000mmed his favorite mantra and ruled out  debt relief for Greece before on Sunday. Just hours before the Eurogroup meeting to discuss the second review of the third bailout program -and the Italian slap in the face of the  …

Read More »

The European Stability Mechanism (ESM) is currently working on proposals for the implementation of the agreed short-term measures regarding the Greek debt relief, Dennis Kolberg, the spokesman of German Finance Minister Wolfgang Schaeuble, said in exclusive statements to the Athens-Macedonian News Agency. “Eurogroup agreed on May 24 to take short-term …

Read More »

The euro-zone member states are planning a new round of debt relief for Greece that would allow the country to profit from low interest rates, Handelsblatt has learned. The currency union’s bailout fund, the European Stability Mechanism or ESM, would secure Greece against rising rates by offering the country bonds …

Read More »

A solution for the Greek Debt is in the interest of the eurozone, chief of the European Central Bank, Mario Draghi said on Monday, speaking at the Economic and Monetary Committee of the European Parliament. Answering a question posed by Giorgos Kyrtsos, MEP of conservative New Democracy, Draghi stressed  that …

Read More »

Angela Merkel announced on Sunday that she will run for a fourth term as German chancellor in a crucial national election in September 2017, insisting the decision had not been easy to make because of the complex challenges she will face and “absurd” expectations Germany could take a world leadership …

Read More »

“Greece will not have a problem with the debt service in the next decade” German finance minister, Wolfgang Schaeuble claimed for one more time at a conference of bankers in Frankfurt. According to ANT1, Schaeuble reiterated ” the need to implement reforms in public administration, labor and in regulation of …

Read More »

One may not agree with former Greek finance Minister Yanis Varoufakis but occasionally the man is right. Very right and very to the point, indeed. On the European Commission’s proposal for “Less austerity” Varoufakis commented with an article “Irrelevant proposal by an irrelevant Commission”. Some excerpts here: So, the European …

Read More »

Winds of Change? Juncker, Moscovici and Dijsselbloem ‘secretly’ plot an uprising and revolt against Schaeuble? Eurogroup head Jeroen Dijsselbloem said that the Greek government is very committed and more cooperative than the other governments under the bailout agreements and that the Eurogroup will discuss debt relief measures on December 5th …

Read More »

In principle, the finance ministers of the eurozone agree for a small measure of short-term debt relief for Greece. But German FinMin Wolfgang Schaeuble insists: no discussion before the end of current bailout program in 2018. yesterday, he added, It would be “complete nonsense” to advance new measures on debt …

Read More »