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Tag Archives: talks

Greek Coalition Leaders Reached Basic Agreement on €11.5 Billion Package

September 27, 2012 Economy 1

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 …

Greek Coalition Leaders Meet to Finalize New Austerity Package

September 27, 2012 Economy 1

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), …

Greek Gov’t Priority: Saving the Public Sector and Have All Greeks Pay the Price

September 13, 2012 Economy 2

Things look bad for the Greek private sector, in fact for all working Greeks, if we believe the leakages to the Greek press by several government sources concerning the progress of the11.5-billion-euro package of austerity measures. What we have been hearing since yesterday watching the news on TV is this: …

Troika Allegedly Rejects Some of Samaras’ Austerity Proposals, Worth €2 Billion

September 10, 2012 Economy 2

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: …

German FinMin Tells Greek Counterpart, Greece Must Fully Implement Reforms

September 4, 2012 Economy 12

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 …

Tsipras Calls on Greek Government to End Talks With Troika

July 23, 2012 Economy, Politics 4

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 …

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

July 2, 2012 Economy Comments Off on 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,” …

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

February 5, 2012 Economy 4

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 …

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

February 2, 2012 Society Comments Off on 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 …

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

February 2, 2012 Economy Comments Off on 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 …

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

January 22, 2012 Economy 1

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 …

PSI: Just a Breath before the Final Deal?

January 20, 2012 Economy Comments Off on 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 …

Tough Bargain on Greek PSI End in No Result

December 13, 2011 Economy 1

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. …

Greece Desperately Seeks a Prime Minister LOL

November 9, 2011 Politics 7

“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 …

Papandreou’s Preconditions for Unity Government: Implement Oct 26th Agreement!

November 6, 2011 Politics 1

At the Cabiner meeting on Sunday afternoon the Greek government introduced a seven-points road-map as a precondition for the coalition government between PASOK and Nea Dimokratia. The cooperation frame work focuses on the Oct 26th Loan Aagreement and its implementation as as well the release of the sixt aid tranche of …

UPD: Papandreou-Samaras Agreed on Unity Government!

November 6, 2011 Politics 10

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 …

UPD1: Latest Info on Greek Debt Countdown in Brussels

October 26, 2011 Economy 3

All eyes are focused on the European leaders in Brussels bound to take historical decisions on the Greek debt and the whole of Europe. The meeting is about to start soon. A failure of taking the needed decisions tonight might cause turmoil in the markets on Thursday morning, with Spanish and …

Guest Post: Greece will Default But at What Conditions & Consequences?

September 25, 2011 Economy 1

Greece’s Finance Minister Evangelos Venizelos’s meetings in Washington last night were ‘celebrated’ here with missals (“Not Debt Restructure” Greek press) and flourish promises. Greek Fin Min told Greek media that the Troika will come back to Athens, the 6th bailout tranche will be released and Greece will meet all its …

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