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Tag Archives: warning

EU lenders warn Greece of non-performing loans and “bail-in”

Greece’s European creditors have warned Athens that no funds would be released for the purpose of recapitalizing the Greek banking system if measures were not adopted to deal with the issue of the non-performing loans. According to newspaper “Kathimerini”, the institutions issued a stark warning that the Greek government would …

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Seismologists warn of an “even 7R earthquake in Greece”

Greek seismologists warn of a big earthquake that might strike Greece – the country that is first in Europe and sixth in the world in terms of earthquakes frequency and energy released by eaρthquakes. Right after the powerful  6.6 R earthquake in central Italy on October 30th  and despite the …

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FM Cavusoglu: No visa-free for Turks, no EU-Turkey Deal

He couldn’t be more clear. Turkish Foreign Minister Mevlut Cavusoglu warned Europe of the consequences if the European Union fails to deliver visa-free for Turkish citizens: Ankara will back out of the EU-Turkey deal that aims to stem the refugee and migrant flows. In an article posted on German daily …

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Ex BoG governor: “IMF warned in 2008, Greece’s long-term debt would soar to 800% of GDP”

Former Governor of the Bank of Greece Giorgos Provopoulos revealed that the in May 2008, the head of the IMF’s mission to Greece Bob Traa had estimated that Greece’s debts were over 800% of the GDP. Speaking at the annual meeting of the Federation of Hellenic Food Industries (SEVT), Provopoulos …

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ESM Regling prepares ground for new loan: “Sooner or later Greek govt will be out of liquidity”

Odd. It’s normally German Finance Minister Wolfgang Schaeuble who ‘announces’ plans for new Greek programs and additional loans. Apparently, this time, the Germans made an arrangement among themselves: That ESM chief, German Klaus Regling will bring the bad news. It’s logical, as Schaeuble tries to topple Chancellor Merkel and cannot …

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Athens: Patient dies awaiting in vain for a bed at Intensive Care Unit

A patient died in an Athens hospital while awaiting in vain to be transferred to a bed at the intensive care unit. The Athens Medical Doctors Association (ISA) revealed this tragic incident and sharply criticized the shortages at the public hospitals that cost human lives. According to the ISA statement, …

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The Contra-Narrative: EU’s elites blackmail Greece

There is a another narrative to the usual “Greece doesn’t deliver”, “Greece sent reform list for the garbage bin”, “Greece does not try enough” and all the other nice things we have been reading since the new Greek government came into power. The counter-narrative is called: EU’s elites blackmail Greece. …

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Eurogroup warns: No debt forgiveness for Greece; Dijsselbloem in Athens

The eurozone has ruled out debt forgiveness for Greece and warned Alexis Tsipras that his anti-austerity coalition government must honor all past agreements with international creditors. In a meeting of eurozone finance ministers in Brussels on Monday, a day after left-wing SYRIZA won the parliamentary elections, the euro bosses warned …

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Fitch upgrades Greece, warns of “political instability” if snap elections

Fitch Ratings increased Greece’s credit rating one level confirming PM Antonis Samaras’ elections slogan that the economy is improving. And still in line with Samaras and his coalition partner Venizelos, Fitch warns of “political instability” should early elections take place. “Greece’s long-term debt was raised to B, five levels below …

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Greek gov’t “orders” citizens not to use fireplaces, Dec 14-16/2013

Greek Ministers for Health and Environment issued a joint statement on Saturday evening asking the citizens to refrain from unnecessary use of fireplaces. Stressing that the weather conditions favor the accumulation of atmospheric pollution (smog), the two ministries ask citizens to refrain from using their home fireplaces from Saturday evening …

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Athens: US Embassy issues emergency warning after Mall bomb

 US embassy in Athens issued an emergency warning after the bomb explosion in The Mall in Athens on Sunday morning. the embassy calls American citizens to be review personal security plans, monitor local news media and report suspect incidents to the U.S. Embassy in Athens.              Emergency Message: – Explosion at …

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US Embassy Issues Travel Safety Advise Over Racist Attacks in Greece

US Embassy in Athens updated its safety and security information on Friday raising the awareness of US citizens of African, Asian, Hispanic or Middle Eastern descent. The American diplomatic mission explained the update with ‘unprovoked harassment and violent attacks against person perceived as foreign migrants.’ US Embassy Excerpt: “Security Message …

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