Tag Archives: Stournaras

Finance Minister Yiannis Stournaras confirmed on Thursday morning, that there is indeed a list containing the names of 32 politicians and that Financial Crimes Squads (SDOE) are currently investigate the cases. However, “the number of the political persons under investigation is not stable but it changes at given time,” Stournaras said …

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The statements of Greece’s representative to International Monetary Fund annoyed Athens. “Greece will need a third bailout” Thanos Catsambas said in an interview to Wall Street Journal published on Thursday. Prompt was the angry answer by Finance Minister Yiannis Stournaras to said – more or less -Catsambas has nothing to say …

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Pictures of shame in the heart of the Greek capital: men and women on wheelchairs, blinds with walking sticks. They had to stage a protest rally in order to get an appointment with the Finance Minister. Knowing the famous “Greek reality” one can easily imagine, how they moved from one state …

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 This is a news coming through the indirect way: Greek Finance Minister Yiannis Stournaras allegedly briefed representatives from Municipalities that any discussion on economic demands could take place after the Troika report and the release of the bailout tranche in November. Costas Askounis, president of the Central Union of Municipalities …

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Greek citizens and the counry’s lenders – the Troika – seem to agree: both are not pleased displeased with the 11.5-billion-euro austerity package Samaras government prepared. However Greeks and Troikans agree for diametrically opposed reasons. Greeks want less austerity measures, the Troikans want more. The Troika’s point of view seems clear: …

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More was not expected, no decision either. German Finance Minister told his Greek counterpart Yiannis Stournaras the usual, good old admonition: Greece must stick to reforms implementations. The two men meet in Berlin.   “German Finance Minister Wolfgang Schaeuble told his Greek counterpart Yannis Stournaras at meeting on Tuesday that …

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 Greek Finance Minister Yiannis Stournaras is in Berlin today, for a crucial meeting with his German counterpart Wolfgang Schaeuble. Stournaras is expected to submit the first unofficial request for the extension of the implementation period of the 11.9-billion-euro package*. The new austerity should be implemented for the year 2013-2014, but …

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Greece’s three-party coalition government faces a new test. The cohesion of Samara’s government is under strong pressure due to some measures essential to reach the volume of 11.5 billion euro spending cuts. Precisely the issue of “labour reserve” in the public sector threatens to bring Greek government into falling apart. Two junior government …

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Greeks are getting more and more angry. Each and every day fresh adrenaline shot drive high blood pressure, heart beats and deep rooted frustration. They need just a tiny spark to explode. Reason for this boiling mood are the upcoming additional austerity measures, the so-called “spending cuts” worth 11. billion euro. So far, no public …

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Remember the recent sale of four Airbus A340-300 airplanes? The four four-engined airplanes once belonging to former state Olympic Airways finally got the signature of the Greek Finance Minister Yiannis Stournaras and were sold for the total price of 40.3 million dollars to Apollo Aviation Group in Miami for … scrap.  However in …

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The majority of Greeks felt an icy-cold electro-current coming down their spinal cord, when they heard new Greek Finance Minister Yiannis Stournaras speaking of the necessity that the state collects  3.5 billion euro in revenues and thus as soon as possible. Greeks – and many other voters’ masses around the world – tend to …

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Greece’s newly appointed Finance Minister Yiannis Stournaras is in need of money. A lot of money. Precisely 3.5 billion euro. In state revenues. He needs this amount as soon as possible due to delays in the implementation of the bailout programme. Only with this money the imposed programme will come back …

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For Greece the Eurogroup meeting ended on Monday with the wish to catch up at a later point. “See you in September”, the Eurogroup ministers told their Greek counterpart Yiannis Stournaras. Spain was high on the agenda on Monday, and the Troika had not concluded yet its inspections on the Greek progress or …

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 Greek Finance Minister Yiannis Stournaras is getting ready to take a seat at the bench of the Eurogroup Inquisition on Monday afternoon in Brussels. In his first appearance at the Euro Zone ministers’ council, Stournaras will be exposed to immense pressure as his EZ colleagues will wave the bailout-installment of 31.5 billion euro right in front of …

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Giorgos Zannias, caretaker finance minister under Pikrammenos government, is to be appointed as the new President of the National Bank of Greece (NBG), state broadcaster NET TV reported on Friday afternoon. Although Pikrammenos government resigned after June 17 elections, Zannias is still FinMin because a) Vassilis Rapanos -the former President …

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 “My country was the spark, but it merely exposed the inherent flaws within the eurozone. ” The Greek prime minister who took the country into the euro zone Costas Simitis published an article at the British The Guardian. He speaks about deficits and successful measures, but blames the the European Union for failing to …

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