German FinMin Rules Out Greece’s Bankruptcy or Euro Zone Exit
German Finance Minister Wolfgang Schaeuble has for the first time ruled out the possibility of debt-stricken Greece sliding into bankruptcy or leaving the euro zone.“I think there will be no state...
View ArticleEmergency Property Tax: Law is the …Letter of Greek Finance Minister
Finance Minister Yiannis Stournaras found a new way to make laws. By sending letters. Monday night, he sent letter to management of Public Power Company (DEH) asking the company to continue collecting...
View ArticleGreek gov’t considers building …”tax prisons”
Advisers to Greek finance ministry seem to never run out of creative ideas: the latest proposal on the table is to create tax prisons for those refusing to pay even a small amount of their debts to the...
View ArticleGreek FinMin receives an envelope with a bullet and a threatening notice
An envelope containing a bullet and a threatening notice reached the Greek Finance Ministry. According to Greek media, the enveloped was addressed to the Finance Minister and the name “Yiannis...
View ArticleCyprus Finance Minister Sarris resigns – Harris Georgiades new FinMin
Cyprus financial minister Michalis Sarris submitted his resignation short after noon on Tuesday. President Nicos Anastasiades accepted Sarris’ resignation, government spokesman confirmed.Already in the...
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Greek police bans public gatherings in Athens during German FinMin’s visit,...
Greek police issued a statement on Wednesday announcing the ban of public gatherings in downtown Athens due to the visit of German finance minister Wolfgang Schaeuble. Public gatherings and marches...
View ArticleGreek FinMin baptizes “lay-offs” in “obligatory exits”, promises to hire 15K...
AHA! Greek government found a new word to describe lay-offs in the public sector. They are not ‘lay-offs’ anymore but ‘obligatory exits’. In Greek government plans it comes even better: those 15,000...
View ArticleDebtors in Greece: Would you share your bedroom with the tax office?
Greece’s finance ministry has apparently run out of ideas. Ops! I should immediately correct myself: Greece’s finance ministry has obviously realized that the ideas the team of advisers produce to...
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Greek FinMin thinks “his work concluded”; may get new job as BoG governor
Greek Finance Minister Yiannis Stournaras might soon leave the “electric chair” he has been sitting on since summer 2012 and find a less stressful job at the Bank of Greece. According to Sunday Edition...
View ArticleGreece submits diplomatic protest against Slovakian FinMin Kazimir “SYRIZA...
Greece submitted a diplomatic protest against Slovakia’s Finance Minister Peter Kazimir, news agency TASR reported. Reason for the Greek protest were several comments by Kazimir who described the tough...
View ArticleGerman Minister: Greece should pledge Cash, Gold and Real Estate for new loans
New loans to Greece? Arch-conservative Germans have ideas…Yes, to new payments under conditions. What conditions? The usual conditions usually posed by loan sharks: Gold and Real Estate. Bavaria’s...
View ArticleTsipras seeks gov’t reshuffle and replacement of Finance Minister
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...
View ArticleTsipras tells Greek learning Briton: ” You could even become finance...
Prime Minister Alexis Tsipras visited the Impact Hub Athens, a structure that supports the development of entrepreneurship and innovation through business model development projects that have a...
View ArticleGerman coalition deal: SPD takes Finance Ministry with Olaf Scholz
A big concession for Merkel’s conservatives, a possible relief for Greece and the euro zone. German Chancellor Angela Merkel’s conservatives CDU/CSU and the Social Democrats (SPD) on Wednesday agreed...
View ArticleGreek FinMin: “Banks paid the price of the economic crisis”
Finance Minister Christos Staikouras claimed that the Greek banks paid the price of the economic crisis because they lost deposits when citizens withdrew money. Does the Minister talk about the same...
View ArticleUp to 13% recession in Greece due to lockdown, says FinMin Staikouras
Greece’s economy may shrink by 10-13 percent this year following the lockdown to stem the spread of the coronavirus, Finance Minister Christos Staikouras said on Wednesday. The government will take...
View ArticleGreece will negotiate fiscal targets for 2021 onward, says Finance Minister
Greece will negotiate fiscal targets with euro zone partners for 2021 onward, finance minister Christos Staikouras said on Tuesday. The coronavirus pandemic brought the Greek economy to a halt,...
View Article“Drawing up state budget for 2021 will be very difficult,” says Greek Finance...
Greek Finance Minister Christos Staikouras said that drawing up the state budget for 2021 will be very difficult due to the uncertainty caused by the pandemic. Speaking to Open TV on Wednesday...
View ArticleGreece extends 40% reduction of commercial rents for another month
Greek authorities extended for another month the measure for a 40% reduction of commercial rents for enterprises in the sectors of hospitality, transport, culture and sports that were hit by the...
View ArticleGreek Parliament rejects SYRIZA censure motion against FinMin over Bankruptcy...
The Greek Parliaments has rejected with 158 votes the censure motion against Finance Minister Christos Staikouras over the new bankruptcy law submitted by main opposition party Syriza. With the...
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