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Tag Archives: Stournaras

Greece’s Tax-Collector Theocharis, the General Secretary of Public Revenues forced to resignation

Haris Theocharis, general secretary of Greece’ public revenues was forced to resign. Officially, Theocharis submitted his resignation “for personal reasons”. Unofficially, he was forced to resign and thus before the upcoming government reshuffle aiming to build a “social policy profile” around Prime Minister Antonis Samaras. Haris Theocharis submitted his resignation …

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Greek Cabinet “paralyzed” awaiting Government reshuffle

The ministers have closed their files and opened their laptops. They surf on internet, call journalists closed to Prime Minister Samaras and deputy Prime Minister Venizelos, they read and analyze reshuffle scenarios trying to guess whether they will remain seated on their chairs, climb on new ones or they will …

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You know the economic crisis is over, when Greek FinMin…

The Greek economic crisis is over! Finance Minister Yiannis Stournaras said so to daily The Globe and Mail. In order to convince the Canadian journalist about the bright side of the recovering Greek economy Stournaras came up with an unquestionable argument: He replaced the windows of the finance ministry in …

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Stournaras refutes Stournaras: he wants to stay in FinMin despite ND criticism on EP elections results

“I am not going to turn into a punching bag,” Greek Finance Minister Yiannis Stournaras had let his critics know through his close aides. “I do not wish to stay in the ministry under these circumstances,” Stournaras had felt the need to reply to criticism coming from Nea Dimokratia that …

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FinMin Stournaras saw the light before elections: “It’s time for the rich to pay”

Incredibly short before the elections, Finance Minister Yiannis Stournaras saw the light. Two years after running Greece’s finances, Stournaras realized that it was the employees and pensioners bearing the load of over taxation and coming up for the obligations of the debt-ridden country. “It’s time for the rich to pay,” …

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Greece got a plan: a “development model” named “Greece 2021”

Greece got a plan. A growth and development plan with the futuristic title “Greece 2021”, that is seven years from now. The plan was submitted by Finance Minister Yiannis Stournaras to Euro Working Group on Thursday in Brussels in the context with the Greek debt relief request. Here is to …

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Greek FinMin: We do everything to secure the banks

Greek Finance Minister Yiannis Stournaras could not say it more clearly. That top priority of the EU partners is to safe the banks. “We learned our lesson from the crisis. We do everything what is possible to ensure that the banking system is safe,” Stournaras said during a joint press …

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Greek FinMin invites SYRIZA to join Eurogroup negotiation table

Greek Finance Minister Yiannis Stournaras openly invited Greek opposition parties in general and leader of left-wing SYRIZA, Alexis Tsipras, in particular to join the negotiation table on the Greek debt issue. Speaking to private SKAI TV on Monday, Stournaras reiterated his invitation to the members of main opposition party SYRIZA …

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Switzerland turns down Greece’s wish to retroactively tax Greeks’ bank deposits

Swiss Finance Minister Eveline Widmer-Schlumpf turned down the proposal of her Greek counterpart Yiannis Stournaras to impose taxes on Greeks’ bank accounts and transfer the money to Athens. Currently in the Greek capital, Widmer-Schlumpf told Stournaras that Switzerland does not do such deals any more, focusing instead on automatic information …

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Greek Parliament Budget Office: taxes skyrocketed since 2010, up to 450% in fuel

The Budget Office of Greek parliament summarized the tax increases that took place since the country sought the aid of International Monetary Fund. The report was thought as an answer to finance Minister Yiannis Stournaras who denies the Greek households were overtaxed. “A series of tax increases from 2010 up …

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Greek FinMin believes Greeks have to pay even more taxes

Beginning of the week Greek Finance Minister Yiannis Stournaras created confusion, not only among the people but also among his political colleagues in the parliament. In an interview, Stournaras had claimed that “Greeks were not overtaxed” as often complained by the media and the average taxpayer: the employee, the low …

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Greek FinMin: No horizontal cuts, but €500million in social security

What if coalition government leaders PM Antonis Samaras and deputy PM Evangelos Venizelos repeatedly assured there would not no new austerity measures. Appointed and not-elected finance minister Yiannis Stournaras gave things a sober approached and even indirectly announced where the new cuts will come from: from social security funds. “We …

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Debtors in Greece: Would you share your bedroom with the tax office?

Greece’s finance ministry has apparently run out of ideas. Ops! I should immediately correct myself: Greece’s finance ministry has obviously realized that the ideas the team of advisers produce to force citizens to “give to Caesar what belongs to Caesar” – in Modern English that’s “the taxes” –  is sheer …

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Municipality workers donate food for Greek FinMin’s needy mother

Potatoes, onions, rice, beans and fave beans, pasta, oil, vinegar, raki, rabbits, chicken and fresh eggs: baskets full of goodies. Collected by municipality workers  for the mother and mother-in-law of Greek Finance Minister Yiannis Stournaras. The protesting unionists had found an ironic way to respond to Stournaras who had claimed …

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ECB’s Asmussen rejects Greece’s call to roll over Greek bonds

The European Central Bank cannot roll over Greek bonds as this goes against a ban on financing governments, a senior ECB policymaker said on Monday, dashing Athens’ hopes it will help plug a funding gap next year through such a move. Athens will be financed by bailout loans until the …

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Eurogroup, Greece & the IMF: a new haircut or not?

The Eurogroup meets up on Monday in Brussels with Eurozone finance ministers expected to review individual bailout programs of Eurozone member countries. Greece will also be discussed even as its government is reportedly considering a proposal for a debt turnover Greek finance Minister Yiannis Stournaras will brief his counterparts about …

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Cretans fundraise food & clothes for Greek FinMin’s mom…

An aid parcel with food and clothes for the mother of Greek Finance Minister Yiannis Stournaras. A woman who apparently “lives in poverty with €500 pension per month” as her famous son recently claimed on Greek television. Touched by the poverty of the minister’s mother, some residents of Heraklio, Crete, …

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