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Tag Archives: Tsakalotos

FinMin Tsakalotos admits: Creditors push for more austerity measures for 2019-2020

Without conclusion of the second program review there will be no discussion on debt neither we will enter ECB’s Quantitative Easing and consequently return to the markets. This dramatic warning came from Greece’s Finance Minister Euclid Tsakalotos on Monday. Speaking at the conference “Time for the Greek Economy” in Athens, …

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Gov’t ministers: Utility companies in Privatization Superfund doesn’t mean that they will be sold

The Greek government tries to persuade opposition parties and society that the transfer of utility companies in the Privatization Fund does not automatically mean that they will be sold. Three government ministers – Finance Minister Euclid Tsakalotos, Transportation Minister Christos Spirtzis and Energy Minister Panos Skouletis -, insisted in claiming …

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Greek FinMin: Once QE for Greek bonds, Grexit will be off the table

Greek bonds will soon become eligible for the European Central Bank’s asset-purchase program, paving the way for an easing of capital controls, and the gradual recovery of investor confidence, Finance Minister Euclid Tsakalotos said. In an interview to Bloomberg, the Greek Finance Minister said also that once Greece is part …

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Tsipras rushes to Paris for unscheduled meeting with Hollande

Prime Minister Alexis Tsipras is rushing to Paris to meet French President Francois Hollande. As the meeting was not planned, Greek media wonder whether the urgent trip to Paris has something to do with the break in Greece-Creditors Review Talks and the Government decision to submit two bills to the …

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Greece resists to IMF’s demands for further pension cuts

Greece cannot accept demands from the International Monetary Fund to cut its pensions yet again in order to achieve a primary surplus target in two years, Greek Finance Minister Euclid Tsakalotos said on Thursday. Athens has proposed an overhaul of its pension system to make the system viable by increasing …

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Creditors’ new combo “The Troika Four” started inspections in Athens

I have been wondering whether the new Troika which is a Quartet should be called “The Creditors’ Quartet” or “The Troika Four” or just “Greece’s creditors”. The new combo of representatives from European Commission, International Monetary Fund, European Central Bank and European Stability Mechanism definitely news a new short description, …

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