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Tag Archives: statement

Eurogroup statement on Greece – Full Text

Below is the full text of the Eurogroup common statement as agreed by Greece and its euro zone partners. The statement details the 4-month extension of the loan agreement (MFAFA) and the conditions Greece has to fulfill until the end of April 2015. But first of all, Greece has to …

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EU Commissioner Moscovici urges Greek voters to support “Europe” & “growth-friendly reforms” (lol)

Short after Prime Minister Antonis Samaras announced that early election will take place on January 25th 2015, Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, issued a statement urging voters to support Europe. In his statement Moscovici claimed that the reforms are “growth-friendly”, there where millions of …

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PM Samaras’ last minute pressure: Vote for Dimas to avoid fatal political adventure for Greece’s European course

Just a few hours before the first round of Presidential voting, Greek Prime Minister Antonis Samaras issued a statement urging MPs to vote in favor of Stavor Dimas tonight, “in order to avoid adventures for the European course of the country,” as he said it characteristically. At the same time, …

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Athens: Bullets found in PASOK Headquarters

A cartridge from an automatic weapon and two slugs were found on Sunday in the headquarters of Greece’s coalition government party PASOK in Charilaou Trikoupu Street in downtown Athens. According to Greek media, PASOK employees found a hole caused by a bullet in the wall of the office of party …

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IMF’s Lagarde: “Greece is heading in the right direction”

Long time not seen and heard! Christine Lagarde, chief of International Monetary Fund. However on the historic occasion of the oversubscribed Greek bond and Greece’s return to the international borrowers, Madame Lagarde made a statement. “Greece is heading in the right direction,” Lagarde said without much enthusiasm and reminded cheering …

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Greek PM Samaras calls Golden Dawn “Successors of the Nazis”

The long awaited statement of Greek Prime Minister Antonis Samaras on the murder of left musician Pavlos Fyssas by a member of extreme-right Golden Dawn was transmitted to the public at 13:00 on Thursday. Samaras’ reaction came long time after international reactions like from the Council of Europe, the European …

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FinMin Secretary: minimum wage in Greece still too high

I love these flat faced guys in grey suits, long political party records and smart advises. General secretary of Finance Ministry Giorgos Mergos shocked Greeks on Tuesday, when he claimed the minimum wage was still too high when compared with other countries. Obviously considering 586 euro gross per month and …

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Greece in Governance Black-Out: PASOK & DEMLEFT Disagree with Samaras “Negotiation with Troika Completed”

Coalition partner and leader of PASOK, Evangelos Venizelos was angered over PM’s Samaras statement that the negotiation with the Troika has been completed, considering the negotiation has to continue until short before the Eurogroup meeting. With PASOK’s reaction and Democratic Left insisting in not voting for the labour rights ‘reforms’, the …

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Greek PM Samaras’ New Old Dilemma: Measures or Chaos

Greek Prime Minister Antonis Samaras issued a statement on Thusrday noon saying the negotiation with the Troika has been completed. Samaras announced that Greece has completed the austerity measures of 13.5 billion euro and the budget for 2013, two preconditions for the debt-ridden country to receive the loan tranche of …

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UPDs: Journalist Kostas Vaxevanis Arrested for Publishing Lagarde-List

Greek Journalist Kostas Vaxevanis was arrested on Sunday morning at a friend’s home for publishing 2,059 names of Greek HSBC-account holders whose names were on so-called Lagarde-List.  The journalist wrote on his Twitter account during his arrest: “@KostasVaxevanis They’re coming in the house with a prosecutor now. They are arresting …

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Greek PM Samaras “Initiates” 6-Day Week: “There Are No Saturdays”

I can’t resist the temptation. Especially as the office of the Prime Minister felt the need to issue a press release on Antonis Samaras statement and his party, Nea Dimokratia, uploaded the relevant video on YouTube. Both gave an utmost importance of this statement. Video: outside Samaras’ office Reporter: “Saturday afternoon at the office?” a …

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Defense Minister: Greece’s “Silent Military Force Can Make a Deafening Noise If Necessary”

 I am unable to decode the message of Greek caretaker Defense Minister Frangoulis Fragos, former Chief of Land Forces. Did the retired general address Greece’s friends or Greece’s external and/or internal foes? “I wish the Democracy functions and I will directly deliver [the mandate] to the elected Minister of Defense,” Frangos …

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Greek CDS: ISDA “Greece Has Not Defaulted On Its Debt”

THE CDS will not be activated, the PSI does not mean a ‘credit event’. The latest deal to cut Greece’s debt did not constitute a default, an official trading body has ruled. The International Swaps and Derivatives Association said that new Greek legislation forcing all bondholders to accept losses and …

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Moody’s Greek Banks Downgrade Sends ASE in Red

Moody΄s Investors Service downgraded the long-term deposit and senior debt ratings of eight Greek banks by two notches. National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, Piraeus Bank, ATEbank and Attica Bank downgraded to Caa2 from B3, while Emporiki Bank and Geniki Bank downgraded to B3 from B1. All of …

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Juncker: Greek Debt Sustainable / Next Euro-Group Meeting, July 3rd

Eurogroup President Jean-Claude Juncker announced an extraordinary Eurogroup meeting on Greece on July 3rd, 2011. Speaking to journalists after conclusion of the works of Euro zone finance Ministers in Luxembourg, Juncker expressed the hope that “until that date the Greek Parliament will have adopt the Mid-Term Austerity Package.” He stressed that …

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