Tag Archives: Stournaras

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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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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AHA! Greek government found a new word to describe lay-offs in the public sector. They are not ‘lay-offs’ anymore but ‘obligatory exits’. In Greek government plans it comes even better: those 15,000 civil servants to be laid-off until end of 2014, will be replaced by 15,000 new employees! Finance minister Yiannis …

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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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That’s really a very ambitious plan: Greece’s finance ministry wants to investigate whether the EU subsidies funds (NSRF) given to companies for further investment were misused or not. You know, for the usual purpose: privately… According to Greek media, financial crimes units (SDOE) in 13 regions are due to start …

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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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Despite three years of strict austerity measures, incredible taxes and a debt haircut of 53% (100 billion euro in March 2012), Greece still owes 321 billion euro. According to newspaper To Vima, Greece’s debt exploded in the first half of 2013 up to 16 billion euro and is higher at …

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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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That’s certainly the most provocative statement and the worst joke of this August: Greek Finance Minister Yiannis Stournaras warned that if home foreclosures won’t start banks would collapse. speaking to Sunday newspaper Realnews, Stournaras added that special provisions will be met with social and economic criteria to protect the poor. …

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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 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 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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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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They are unbeatable. And eternally stuck to cliches. They cannot see beyond their nose. They run behind their tail  unable to make a step forward. Trapped in the notorious Greek introversion. And they are bold to show it off right into our face. Who? The Greek ‘politicians’, of course. Although …

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Representatives of Greece’s lenders – the “Troika” – are back in Athens and due to meet with finance minister Yiannis Stournaras and other ministers in charge of the upcoming ‘reforms’ – when ‘reforms’ are translated into cuts in public spending and privatization of state assets. New and additional austerity measures …

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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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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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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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Do you owe money to the Greek state? You have a debt to the tax office? A new circular regulates the installments that make it easier for you to pay your debts. The generosity of the Greek finance ministry and the Troika set an unprecedented example on how the poor …

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“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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