Tag Archives: Troika

Greece’s lenders, the Troika, have reportedly brought back on the table the demand that 22 airports across the country should be shut down. The proposal has been allegedly suggested by the German airliner Lufthansa and forwarded to the Greek government via the German advisers to the Greek state – I …

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Minutes of International Monetary Fund board meetings held in May 2010 and published by the Wall Street Journal on Tuesday have highlighted the concern of many country representatives that the Greek bailout was not sustainable. One of the key criticisms expressed during meetings held before Athens agreed its first bailout …

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Troika is reportedly putting pressure on Finance Ministry to put the knife deeper in the income of free-lancers and self-employed. Greek media report that the representatives of Greece’s lenders want to increase the withholding of tax from 20% currently to 26%. In practice the new tax rise will look like …

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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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Just kidding! The technical delegates of Greece’s lenders arrived in Athens on Thursday. But took position in several ministries today. They will start reviewing the execution and progress of the Greek fiscal adjustment program. Their aim is to check whether Greece has applied and implemented the lenders’ demands so that …

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No, no, no. The Troika is a tough negotiator. The representatives of Greece’s lenders rejected the government proposal about the three defense industries LARKO, EAS and ELVO.  IMF’s Thomsen and the other kids demanded that the three industries close immediately without compensation for the fired personnel and to be thoroughly …

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The economic occupation of Greece is getting …better and more obvious. The Troika, the European Union and the European Stability Mechanism (ESM) have big plans concerning the real estate assets currently managed by the Greek Privatization Fund (TAIPED). According to newspaper Proto Thema that grabbed the confidential report prepared by …

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Aha! Every time the Troika delayed a bailout installment, planes full of money allegedly arrived to debt-ridden Greece to feed the banks and satisfy demand for cash. It wasn’t the Greek politicians’ slogan “We can manage with a bailout delay” – as the repeatedly said – but it was the …

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Eight hospitals, 1,618 people personnel, 450 patients, hundreds of appointments and dozens of surgeries are being relocated, re-disposed and postponed in the context of “restructuring” Greece’s public hospitals system ESY. In an action that is expected to conclude in 25 days, hospitals are being evacuated, patients transferred and surgeries postponed. …

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Greeks’ properties are an inexhaustible source of revenues. This is what the Troika and the Greek government  think. After forcing property owners to pay extraordinary ’emergency taxes’ as a kind of small rent to the state for the house/flat/apartment they live in, a new levy is coming just around the …

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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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I had thought that 2013 would be the worst austerity year for the average Greek. But I was wrong. The worst is still to come and thus right with the beginning of 2014. After the immense pressure by the country’s lenders – the Troika – the Greek government announced the …

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A woman, 45, with cancer cannot afford to pay for chemotherapy drugs worth 4,450 euro. The Metropolitan Community Clinic in Elliniko, south Athens, made an urgent appeal seeking for donations. “The woman’s life is in danger, if she doesn’t start a course of chemotherapy drugs immediately,” said the MCC – …

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While even EU politicians have repeatedly claim that Greeks cannot afford more taxes, the EU technocrats with the blessing of those EU politicians came to the conclusion that Greeks will have to pay the so-called ’emergency taxes’ also for the next years. In the latest European Commision report on Greece issued on Monday, …

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The shock of being sent to labor reserve and lose the income overnight was probably something the heart of the female teacher could not bear. On Saturday afternoon, the teacher felt unease and fainted.  The doctors of the hospital where she was transferred could only confirm their death. The teacher of Nursing …

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Only a tiny 1.6% of the bailout loans goes to Greece’s state budget, the real economy and the people. The rest 98.4% goes to serve the international creditors International Monetary Fund, European Union member states and European Central Bank. For the years 2010-20124, from the 236.8 billion euro bailout money …

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Justice Commissioner Viviane Reding called on Tuesday for the “troika” of the European Commission, the European Central Bank and the International Monetary Fund (IMF) to be dissolved, Reuters reported. “The time of the troika is over,” Reding said in a text of the main messages she gave at a citizens΄ …

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Greek government has prepared a tax exemption provision, specially dedicated to the personnel of European Union, the International Monetary Fund and the Task Force. The personnel of our beloved Troika, especially those permanently living in Greece will no be obliged to make tax declarations like the Greek average mortals. They …

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The finance ministers of Eurogroup and Greece’s international lenders approved on Monday evening the next bailout tranche for the debt-ridden country. A total of 6.8 billion euro are to come to Greece in three aub-tranches and be immediately forwarded to anybody else except the average Greek. The money will only make …

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Riot police fired tear gas in Athens university when students and administrative personnel attempted to disturb a meetings of professors discussing cuts in education and lay-offs.  Greek media report that  a group of students invaded the building and that some of the board members called the police. Outside the university at Panepistimiou …

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