“There are great social problems that need to be solved step by step, but for the first time we are facing the exit of the seven-year crisis”, government spokesman Dimitris Tzanakopoulos on Friday said in an interview to Kokkino radio station. He underlined that the issues remaining to be solved …
Read More »
Greece will need debt relief, says Dijsselbloem at EU Parliament Plenary
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 …
Read More »
Dijsselbloem: Income tax measures €1.8bn in 2019 if Greece misses targets
In a letter to the members of the Eurogroup, chief Jeroen Dijsselbloem summarized what was agreed upon at the meeting in Malta on April 7th 2017. In his letter Dijsselbloem reveals also what the Greek government agreed on the implementation of the additional austerity measures scheduled to be implemented in …
Read More »
Eurogroup: Why Tsipras abandoned plan for EURO Summit?
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 …
Read More »
Tsipras calls for emergency Eurozone Summit if no review deal by April 7
Greek Prime Minister Alexis Tsipras called for an emergency Summit of the Eurozone member states before Easter, should there be no agreement between Greece and its European creditors at the Eurogroup meeting on upcoming Friday, April 7, 2017. The Prime Minister revealed that he already asked European Council President Donald …
Read More »
Dijsselbloem fails to win even German support to complete mandate
A new president of the Eurogroup could be elected by the summer break, as the controversy surrounding Jeroen Dijsselbloem has almost put paid to any chance he had of completing his mandate once a new Dutch government is formed. Remarks by Dijsselbloem that southern countries blew money on drinks and …
Read More »
Greece’s Debt: Lagarde launches new round of argument with Schaeuble
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 …
Read More »
Greece has largely agreed with creditors, extra Eurogroup in May to conclude second review
Media quoting Greek government sources report Thursday afternoon that there will be an extraordinary Eurogroup meeting in the fist ten days of May in order to conclude the second review of the current Greek program. “This is the creditor’s commitment,” the sources said adding that the staff-level agreement will be …
Read More »
Greek Govt blames “IMF and two European Countries” for review delays
Deputy Prime Minister Yiannis Dragasakis directly blamed the International Monetary Fund and two European countries for the delays of the second review of the Greek program. Speaking to newspaper Ethnos tis Kyriakis, Dragasakis said that the second review could have concluded by December 5th, if it wasn;t for the IMF …
Read More »
February goes, the Troika comes…
Representatives of Greece’s creditors returned to Athens and they resume talks in an effort to reach an agreement on technical level (staff level agreement) and conclude the second review in no longer than two weeks. According to Athens News Agency, the European side but also the International Monetary Fund consider …
Read More »
Moscovici promises Greece “lighter austerity measures”
EU Commissioner for Economic and Monetary Affairs, Pierre Moscovici, paid a short visit to Athens on Wednesday. Moscovici came to Athens to receive the title of Honorary Doctor from the Athens University. However, he used the opportunity for a meeting with Greek Prime Minister Alexis Tsipras. “Greek agreement is necessary …
Read More »
Dijsselbloem: Greece review will not conclude at Eurogroup Feb 20
Jeroen Dijsselbloem said that the second review of Greece’s program will not conclude in time for the next Eurogroup meeting scheduled for Monday, February 20. The Dutch finance minister who is also head of the Eurogroup stressed that the participation of the International Monetary Fund remains essential for the continuation …
Read More »
Varoufakis urges Tsipras to ditch negotiations, adopt “parallel system”
Former finance minister Yanis Varoufakis strikes back and urges Prime Minister Alexis Tsipras to turn his back on Greece’s lenders, adopt a parallel payment system and to unilateral restructure the loans held by the European Central Bank. In an op-ed in Efimerida ton Syntakton, Varoufakis, Varoufakis calls on Tispras to …
Read More »
Debt: Greece prepares “surprise proposal” in order to close the second review
Is the Greek government preparing to capitulate to creditors’ demands for additional austerity measures that have to be legislated now or risk to miss the closure or the second review? The government reportedly tries to come to an agreement with creditors and close the second review thus proposing an alternative: …
Read More »