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Tag Archives: Tsakalotos

IMF’s Lagarde positive on early loans repayment by Greece

Managing Director of International Monetary Fund Christine Lagarde is positive to the idea that Greece repays earlier part of its loans, state broadcaster ERT TV reported on Saturday following a meeting between Lagarde and Finance Minister Euclid Tsakalotos in Washington. the news comes just hours after reuters reported that Greece …

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Tsakalotos says Greece plans to return to markets in 2019 to buy IMF or ECB debt

Greek Finance Minister Euclid Tsakalotos unfolded the government plans how to deal with red loans and how the country will return to the markets. In an interview with radio News24/7 on Tuesday, Tsakalotos said that Greece negotiated hard with the country’s lenders to secure a buffer of 25 billion euros …

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Tsakalotos: Italy volatility has made it harder for Greece to sell bonds

Volatility in Italian government debt has made it harder for Greece to return to bond markets, Greek Finance Minister Euclid Tsakalotos told Reuters, but said he is comfortable with waiting for the right time to raise funds. A recent selloff in Italian government debt has pushed up the borrowing costs …

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Pension cuts: IMF refers Greece to its “European partners”

The International Monetary Fund referred  Greece to Brussels, when Finance Minister Euclid Tsakalotos presented the government’s arguments that cutting pensions was not a structural measure. During the meeting with IMF’s Managing Director Christine Lagarde and the head of the Fund’s European department Poul Thomsen in Bali, Tsakalotos argued that there …

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“Greece wants to repay loans to ECB and IMF before maturity,” Tsakalotos says

Greece wants to repay loans to the International Monetary Fund and the European Central Bank before they mature, Finance Minister Euclid Tsakalotos said on Tuesday. The aim is to reduce debt serving cost, he added. The ECB holds Greek debt worth around 12 billion euros with an average maturity of …

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Tsakalotos assures investors pensioners over 70 will start dying as of 2020 (video)

Finance Minister Euclid Tsakalotos ‘promised’ investors that Greek pensioners will be dead soon and that they will not have to worry about the sustainability of the pensions system. Addressing the 13th Greek Annual Road Show in London, Tsakalotos argued that pensioners who are over 70 years old now, will have …

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Capital controls: Greece to lift cash withdrawal cap, says Tsakalotos

Greece plans to further loosen capital controls and to lift restrictions with regards to cash withdrawals and opening bank accounts. This is what Finance Minister Euclid Tsakalotos said in an interview on Saturday. “We will have new easing [of capital controls] very soon,” Tsakalotos told newspaper Naftemporiki , however, he …

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Turkey’s economy won’t affect Greece’s Clean Exit, says FinMin Tsakalotos

The Greek government is watching closely developments in neighboring Turkey, Finance Minister Euclid Tsakalotos said in statements to news website newpost.gr on Tuesday, but they are not affecting Greece’s upcoming completion of the adjustment program on August 20. Tsakalotos’ full statement as posted on newpost. gr is as follows: “The …

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FinMin Tsakalotos sees permanent tax reductions as of 2019

Greece will not have any new commitments nor additional prior actions, Finance Minister Euclid Tsakalotos said on Sunday in an interview with ‘Ethnos‘ newspaper. He announced permanent tax reductions as of 2019. The “countermeasures to austerity measure do exist” and in no case the broadening of the tax-free basis will …

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Eurogroup towards a comprehensive agreement of Greece’s exit in June

“The goal is to have a comprehensive agreement for Greece’s exit from the programme at the Eurogroup meeting in June, Eurogroup President Mario Centeno said on Friday after an informal meeting of euro area finance ministers in Sofia. Speaking to reporters, the Eurogroup’s President said that the heads of the …

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Tsakalotos meets new German counterpart Scholz in Berlin

The meeting between Greek Finance Minister Euclid Tsakalotos and his German counterpart Olaf Scholz on Friday was held in a positive atmosphere, according to finance ministry’s sources. Speaking to amna,the same sources said that they exchanged views on issues of mutual interest and European policy, adding that the discussions will …

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“Greek taxpayers will see a tax reduction of €3.5billion,” says Tsakalotos

Greek taxpayers will see a tax reduction of 3.5 billion euros in the near future, Finance Minister Euclid Tsakalotos said in Iraklio, Crete, on Friday. He did not define “near future” thought, neither did he revealed how this tax reduction will look like… Speaking at an Iraklio Chamber event, Tsakalotos …

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FinMin Tsakalotos admits “Citizens do not see the economy improvements”

Finally a government official admitted the obvious: that the average citizens does not see the improvements in economy as they are been recorded in spread sheets and in the upgrades of the contry’s credit ratings. Touring the island of Crete and meeting with local authorities, Finance Minister Euclid Tsakalotos said …

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