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Tag Archives: success

Greece can be next euro success story, says EMS chief Regling

June 13, 2018 Economy Comments Off on Greece can be next euro success story, says EMS chief Regling

Greece is on track to become the next success story of the euro zone debt crisis, but fully regaining investors’ trust will require sustained commitment to economic reforms, the head of Europe’s rescue fund said on Tuesday. “Greece’s access to markets remains fragile,” European Stability Mechanism (ESM) head Klaus Regling …

Success! Greece raises € 3bln, 5-year bond coupon at 4.37%, yield at 4.62%

July 25, 2017 Economy 2

The response to Greece’s attempt to tap the markets on Tuesday confirmed that the country’s economy was on course for recovery and a final exit from bailout programmes, Greek government sources said on Tuesday. “Greece’s return to the markets was crowned with absolute success and confirms the good course of …

ECB’s Coeure: Europe’s success in dealing with Greece is Europe’s success in …

November 28, 2016 Economy Comments Off on ECB’s Coeure: Europe’s success in dealing with Greece is Europe’s success in …

“Europe’s success in dealing with Greece is Europe’s success in dealing with itself,” European Central Bank (ECB) Executive Board Member Benoît Cœuré said in Athens on Monday, while failure to support Greece will also be a failure to support itself. He noted that Greece had made a lot of progress …

Black Friday: Crowds of Greeks defy the crisis & rush to stores for the best deal (picts, videos)

November 25, 2016 Economy 2

Unprecedented masses of people lined up outside big retail stores long before the shops open on Friday. The first customers arrived as early as 5:45 a.m. in order to be the first to “raid” the shop when the doors open. Of course, the images are unprecedented as it is the …

Lagarde says “the IMF is not a Dragon”, demands additional cuts for all pensions – current & future

February 5, 2016 Economy 5

The International Monetary Fund is apparently concerned about its image. “I really don’t like it when we’re portrayed as this draconian, rigorous, terrible IMF,” Managing Director Christine Lagarde said on Thursday in an online news conference. “We don’t want draconian measures to apply to Greece, which has already made a …

EU FMs agree by consensus to extend Russia’s sanctions for six months

January 29, 2015 Politics Comments Off on EU FMs agree by consensus to extend Russia’s sanctions for six months

EU countries have agreed by consensus to extend Russia sanctions for six months, expand their blacklist, and prepare further economic sanctions if need be, Euobesrver and several Greek media report.The sancton were ending in March, with the extnesion they will be valid until next September. Greece had earlier voiced reservations, …

Traders queue for Greek bonds: €3 billion at 4.95% yield

April 10, 2014 Economy Comments Off on Traders queue for Greek bonds: €3 billion at 4.95% yield

Greece raised 3 billion euro at 4.95% yield from the 5-year bond, Greek media report on Thursday, short after the sale was concluded. “The success is beyond expectation” media comment noting that the bids submitted by 550 traders were over 20 billion euro. The deals book closed at 11:30 a.m. …

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

August 29, 2013 Economy Comments Off on 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 …