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Tag Archives: talks

Greek gov’t: ERT? What ERT? It’s the gov’t reshuffle, stupid

Last night they agreed. Prime Minister Samaras and his coalition government partners Venizelos (PASOK) and Kouvelis (Democratic Left) agreed about shutdown public broadcaster ERT. They just didn’t dare to speak openly about it.  Venizelos and Kouvelis  kept the ‘agreement’ in secret in order to continue negotiations with Samaras in order …

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Greece-Troika: Dramatic Negotiations over Labour “Reforms” That Threaten Gov’ Cohesion

 Samaras’ government is in dramatic negotiations with the Troika over the so-called “Labour Reforms” after two of the three coalition government partners rejected the Troika demands for a total overthrow of Labour Rights. A disagreement that threatens the cohesion among the government partners. According to latest information from state broadcaster NET TV, …

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A new Troika Demand? Austerity of €10 Billion In a Single Year?

If it’s true, this is, indeed, insane. According to Ta Nea newspaper, Greece’s lenders’ representatives want that almost the whole package of austerity measures will be implemented in 2013 and won’t be distributed more or less equally to 2013 and 2014. The new Troika’s request is allegedly that additional 2 billion …

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Greek Coalition Leaders Reached Basic Agreement on €11.5 Billion Package

After three hours of consultations, the three political leaders of Greece coalition government managed to reach a basic agreement on the 11-billion-euro cuts-package and the additional 3-billion-euro tax tsunami. Short after the meeting, Finance Minister Yannis Stournaras told the media, that the heads of the three coalition government parties had reached a “basic …

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Greek Coalition Leaders Meet to Finalize New Austerity Package

Greek coalition government partners Antonis Samaras, Evangelos Venizelos and Fotis Kouvelis meet on Thursday morning to finalize the austerity package of 11.5+2 billion euro for the years 2013-2014. While the three leaders have agreed on main cuts there are some measures that meet the objection of Venizelos (PASOK) and Kouvelis (Democratic Left), …

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Tsipras Calls on Greek Government to End Talks With Troika

Main opposition leader and Syriza chief Alexis Tsipras called on Greek government to end any discussion with the representatives of the EC-ECB-IMF troika, and propose an EU Summit meeting to focus on a different strategy for Greece.    Addressing the Syriza parliamentary group on Monday, Tsipras voiced his party’s determination …

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Greece’s National Bank in Talks with Credit Agricole over Emporiki Bank

National Bank, Greece΄s biggest lender, said on Monday it was in talks with France΄s Credit Agricole over a strategic alliance with Credit Agricole΄s Greek unit, Emporiki. “There were discussions between the managements of National and Credit Agricole regarding the potential for future strategic alliances, which are at an initial phase,” …

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Greek-Troikan War in the Shadow of a “Default” Ultimatum

We could also title this article “Greek-Troijan War” with the Troika being on the Trojan front riding a Trojan horse. A trick-offer apparently aiming  to save the country but in fact targeting to economically destroy the Greek citizens. Dramatic negotiations without results so far are taking place under an extreme time …

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Greece’s Trade Unions, Employers Reject Troika’s Demands For Wages Cuts in Private Sector

GSEE, the trade union umbrella for the Greece private sector and Employer’s Associations came to the same conclusion after three hours of negotiations. To say “No” to Troika’s demands to lower the minimum wage and to abolish the 13th and 14th salary. GSEE chairman Yannis Panagopoulso told reporters  “It is not allowed that …

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WSJ: German-IMF Rift Stalls Greece Deal; PSI vs OSI

The PSI deal is here, there and everywhere… While Greeks, investors, several finance experts and journalists are eager to see the deal finally complete, it looks as if there is some rift that between two of Greece’s lenders and central players: Germany and the International Monetary Fund. Here is an excerpts from the interesting article by …

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What Happened to Greek PSI? Don’t Panic & Fasten Seat Belts

New York, Berlin, Paris, Athens: the phones of  state officials, economists and bankers are ringing non-stop, brains are on fire and nerves lay blank as the PSI negotiations did not reach a deal over the weekend, ahead the EuroGroup meeting on Monday in Brussels. Men and women in business suits run nervously up and …

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PSI: Just a Breath before the Final Deal?

Blazing negotiations on the PSI are taking place in Athens with some Greek media heralding that agreement on major issues has been already achieved. According to several Greek media, the Greek side has proposed the interest rate to start at 3.5% for bonds maturing in 2014. a5 3.9% for bonds …

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Tough Bargain on Greek PSI End in No Result

The tough negotiations between Greece and the bankers on Greek debt restructuring (PSI) concluded in Athens on Tuesday but without result. The two sides were unable to agree on the interest rates that would ‘sweeten’ private creditors to swallow the bitter pill of ‘haircut’ of the Greek state bonds they hold. …

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Greece Desperately Seeks a Prime Minister LOL

“If you recieve a phone call from telephone number 210-00000000-1-2-3, do not answer! I repeat, DO NOT answer the call!  Should you accidentally pick up the phone, do not answer with “Yes…(?)”.  Maximos Mansion (Greek PM’s Office) has assigned people to call around ransom telephone numbers. This first oblivious man or woman who …

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UPD: Papandreou-Samaras Agreed on Unity Government!

Scroll Down for the Latest Updates -Original Title of the post ” Greece’s new government – They play with our nerves “… But in fact Greek politicians play with their own nerves, the nerves of the media and the nerves of the Europeans. The nerves of the market investors, share holders and hedge …

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