Tag Archives: Tsakalotos

“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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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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“The markets anticipate a successful exit from the bailout agreements as virtually certain and our development plans aim at a comprehensive plan that will be credible for the markets and Greek society,” Finance Minister Euclid Tsakalotos said on Tuesday in an interview with ‘Efimerida Ton Syntakton‘ newspaper. He explained that the …

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Finance Minister Euclid Tsakalotos revealed  that 73 taxpayers numbers owe more than 30 billion euros. In a press conference on Friday, the Greek finance minister said that the majority of debtors to the state “owe 10 euros but 73 taxpayers number owe more than 30 billion. He did not revealed …

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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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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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Greece expects a clean break with lenders when the bailout program expires in summer, the country has no reason to seek a precautionary credit line, Finance Minister Euclid Tsakalotos told Reuters in an interview. Instead, the country is building up its own protective buffer that, along with unused European bailout …

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“Prime minister Alexis Tsipras and, of course, [current finance minister] Euclid Tsakalotos, have completely changed the relationship with the European partners. Almost everything has been easier since . . . it’s a completely different situation,” outgoing Eurogroup chief Jeroen Dijsselbloem said in an interview to Financial Times. He said further that he never backed …

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Greece’s finance Ministry announced the further easing of capital controls, however, the monthly limit of cash withdrawals will remain the same. The three major changes refer to individuals and they are: people to open a bank acocunt provided they do not have one in any bank. another person will be …

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Greece’s Public Power Company (DEH) is turning to radical measures to tackle the problem of unpaid bills, amounting to more than 2.4 billion euros. The PPC not only increases the interest rate in outstanding bills, it also hires collector agencies to scare the hell out of those who do not …

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Greece’s Finance Ministry takes one more step in auditing large-scale tax evaders but also The annual report of the head directors of Tax Administrators and Customs  will include also  lists of large-scale tax evaders and smugglers and both the reports and the lists will be submitted together with  the state …

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Greece can proceed with the implementation of the bailout program with or without the participation of the International Monetary Fund (IMF), says Greek Finance Minister Euclid Tsakalotos. According to Greek media reports, Tsakalotos told a panel on Thursday night at the Elliott School of International Affairs at George Washington University, …

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O M G! Is it true that Greek finance minister Euclid Tsakalotos trolled his ex German counterpart Wolfgang Schaeuble during the Farewell at the Eurogroup? “Nothing will be quite the same again.” Some like Mehreen Khan of Financial Times, say he did. Here is what Tsakalotos wrote on the European …

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Greece must wrap up an upcoming bailout review quickly to pave the way for a “clean” bailout exit next summer without further conditions beyond standard monitoring, Eurogroup Chairman Jeroen Dijsselbloem said during a visit to Athens on Monday. “We are in full agreement for that – it should be a …

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Prime Minister Alexis Tsipras is reportedly considering a cabinet reshuffle. Something which is logical after Greece passed the test of the second review and now the government has to set other priorities. The reshuffle could take place in early autumn. If  there wasn’t a major problem. Tsipras want to replace …

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The yield of Greece’s 10-year bonds continued to slide this week, in spite of a significant rise in bond yields throughout the Eurozone. As a result, the yield spread between the Greek and German benchmark bonds dropped below 5 pct during trading on Friday morning, with the Greek bond yielding …

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In a Bill for Fishing, Greek labor ministry quietly tabled two amendments that among others freeze future pension hikes as wells as hikes in collective bargains. The two amendments are part of a 5-amendment package of austerity measures to please the creditors. The package is the rest of prior actions, …

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Athens is willing to forego without the next bailout tranche of 7 billion euros, if there is not debt deal. That’s why the Greek government has put money aside and has not paid its own arrears to private companies. This is why German tabloid Bild writes on Tuesday. The newspaper …

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Lawmakers of the coalition government left-wing SYRIZA and nationalists Independent Greeks adopted the omnibus bill with new austerity measures 4.9 billion euros for the years 2018-2021. prime Minister Alexis Tsipras said right after the voting he expects form creditors to commit to debt relief measures. All 153 government lawmakers voted …

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From Monday afternoon till Tuesday dawn of Tuesday, Greek government and creditors’ representatives sat in Hilton hotel for the fine touch on outstanding issues. The results is an additional austerity measures package without extra financing. This practically means a two-year extension of the bailout agreement Greece and the European creditors …

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