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Tag Archives: Stournaras

Troika – Greek Gov’t talks on primary surplus 2014 deadlocked

Ops! With so much Golden Dawn we almost forgot the Greek debt, the Troika, the austerity and all the relevant plagues. I write ‘almost’ because the bills have been coming in without a break. Anyway, the Troika was here, its representatives spoke with the Greek government and they reached not …

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Greek FinMin quotes Lenin: ‘useful idiots’ those who do not want Greece to succeed

Would you dare believe that a Finance Minister who applies neo-liberal IMF policies would cite a phrase attributed to Russian communist revolutionary Vladimir Lenin? Oh yes! In this surreal country called “Greece” everything is possible. Even that. Apparently because the ‘modern neo-liberals’ used to be ‘leftist’ or ‘communists’ when they …

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FinMin Stournaras: Greece could return to debt markets in 2014

Greece could return to debt markets to test the water in the second half of 2014 if his country returns to growth in the first half of next year and manages a primary surplus, its finance minister said in a German media interview out on Monday. “That would be a …

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UPD: Privatization Fund CEO Stavridis resigns over lear jet scandal

CEO of Greece’s Privatization Fund Stelios Stavridis submitted his resignation late on Sunday after Finance Minister Yiannis Stournaras asked him to do so. Stavridis did not mention the reason for his resignation. Citing government sources, Greek media report that Stavridis’ resignation was a matter of political ‘ethics’. KTG reported earlier …

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Troika-fatigue: Are Greek lawmakers tired of austerity? FinMin Stournaras claims so

Maybe. Maybe not. At least Finance Minister Yiannis Stournaras claimed, that Greek lawmakers were tired of austerity and that “the fatigue of MPs” could cause a political risk for Greece’s fiscal targets. Stournaras’ interview to Reuters, woke up the tired Greek MPs especially those of coalition government partner PASOK. Those …

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There is no news; or better say: there is nothing new

There are no news to report about. Because all news are not new. It”s just taxes and wildfires – a usual phenomenon in summer. And non-stop decisions by the Greek finance ministry. 1000+1 ways how to combat tax evasion. And that’s no new too. the latest since 2010 Greece tries …

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Three years in IMF, there are still tax “untouchables”: the caste of Greek millionaires

Three years after Greece sought the money of IMF and drained every employee, pensioner and property owner with unbearable taxes, Finance Minister Yiannis Stournaras openly admits: there is still a caste of people the tax authorities do not dare to touch. People with millions in the bank who declare income below …

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Greek Parliament: 153 YES for lay-offs in public sector

With a thin majority of 153 votes out of 300 lawmakers in total, Nea Dimocratia and PASOK approved the multi-bill that will sack more than 25,000 civil workers until the end of 2014. The bill with 109 articles, in fact a new tsunami of austerity measures, includes also provisions for …

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German FinMin wants to visist Athens

German Finance Minister Wolfgang Schaeuble expressed the wish to visit Athens. The wish was expressed during a phone conversation with his Greek counterpart Yiannis Stournaras on Monday. Greek media report that the German FinMin also told Stournaras that Greece has to continue with the reforms. Shcaueble said that Athens has …

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Great Expectations on tax lowering crashed by the wheel of IMF-steamer Christine Lagarde

With the Troika representatives back in Athens, Greece reportedly gives a battle to achieve the lowering of Value Added Tax in catering services and goods from  currently 23% down to 13%. So far the signals from the country’s main lender International Monetary Fund are not promising. Christine Lagarde was clear …

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Someone, give Greek FinMin a glass of water, please! Now that it’s still cheap…

Not really. Yiannis Stournaras, Greece’s finance minister was speaking at the Parliament. He spoke and spoke … words and number were shot from his mouth and eventually he got thirsty. Much to his surprised, the parliament staff had not put a glass of water in front of the eloquent speaker. …

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Greek FinMin: “No tax reduction in heating oil”, V.A.T. decrease in catering … maybe

“Reduction of tax on heating oil in not feasible at this stage,” Greek finance minister Yiannis Stournaras said on Thursday. “Tax cuts are desirable, but it is currently not possible” the minister added rendering as “major obstacles” to such a move “that revenues are a little worse than the targets.” …

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Greek FinMin “The worst for Greece is over”

That’s one of the best jokes I heard over the Easter days. Greek finance minister Yiannis Stournaras claimed, “the worst for Greece is over”. Apparently, he has no idea about the people who keep losing their jobs each and every day and it looks as if last time he walked …

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