Financially strapped Greeks quietly prepare for the worst
(Deutsche Welle ) Pantelis Chatzisinakis is not prone to panic. For the past 14 years, the 38-year-old accountant in Athens has been trying the balance […]
ECONOMY
Bundesbank – ECB rift opens over QE, Greece
(The Guardian, City AM) Draghi, who was in Washington on Thursday to deliver a lecture on monetary policy, received a rapturous welcome from Christine Lagarde, […]
Varoufakis will refuse any bailout plan that would send Greece into ‘death spiral’
(The Guardian) Greece’s embattled finance minister, Yanis Varoufakis, stepped up his war of words with eurozone policymakers on Thursday, saying he wished his country still […]
Government pressure on Greek Central Bank said to rile ECB
(Bloomberg) The European Central Bank is increasingly concerned by a deteriorating relationship between the Greek government and the country’s central bank, people familiar with the […]
Moscow invites Greece to join the BRICS-sponsored growth bank
(Sputniknews, To Vima) Russia’s Deputy Minister of Finances Sergei Storchak has invited Greece to join the under-development new growth bank that Brazil, Russia, India, China […]
How the European Central Bank became the real villain of Greece’s debt drama
(The Telegraph) When a rogue protester scaled the platform occupied by European Central Bank president Mario Draghi at his monthly press conference in April, the […]
No solution in sight for Greek crisis as Tsipras weighs impossible dilemma
(The Guardian) The talks between Alexis Tsipras’s government and its creditors have dragged on for so long that it has become hard to believe there […]
Wall Street Journal: Greece and its creditors agree that the bailout flopped, but they disagree on why
Greece and its creditors, deadlocked over fresh financing, agree on at least one thing about the country’s mammoth bailout, launched five years ago this month: […]
Schaeuble does not expect an agreement with Athens on Monday, warns against default
(Reuters) – German Finance Minister Wolfgang Schaeuble does not expect a final agreement on a cash-for-reform deal between Athens and its creditors at Monday’s Eurogroup […]
Greek public debt 312.7 billion euros (174.7% GDP) at the end of March
(To Vima)According to the latest report of the public debt management agency (ODDIH), Greece’s public debt amounted to 312.7 billion euros or 174.7% of the […]
Varoufakis eyes deal as official says Greece could resort to IOUs
(CityAM) Greece’s finance minister Yanis Varoufakis was yesterday adamant that the country would reach a deal with its creditors, while a European Central Bank (ECB) […]
Greek deal not done despite IMF payment
(CNBC) Deputy finance minister Dimitris Mardas said Athens had sent €200m to the IMF yesterday. Greece made a €200 million interest payment to the International […]
FT: IMF wants Europe to write off significant part of debt
(Financial Times) Greece is so far off course on its €172bn bailout programme that it faces losing vital International Monetary Fund support unless European lenders […]
Martin Wolf: Mythology that blocks progress in Greece
(Extracts- Financial Times ) ‘It will not end well if the players cling to false beliefs’ writes Martin Wolf in the Finacial Times 15/4/2015 He […]
Juncker: ‘Anglo-Saxons’ would rip Europe apart after a Grexit’
(The Telegraph) Speaking to an audience at the Catholic University of Leuven in Belgium on Tuesday, Jean-Claude Juncker said a “Grexit” would leave the euro […]