Negotiations: Budget gap today, Monday the banks
The "lights" of the negotiations that started yesterday in Brussels with the official marathon first meeting of the "Brussels Team", they now turn to Athens. In a hotel – as announced by MEGA Minister of Finance G Varoufakis…
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The deficit in the Funds "trimmed" the primary surplus …
A significant contraction was recorded in the primary surplus of the general government in January 2015 compared to the same month last year, mainly due to the fact that the insurance funds showed a deficit this year, versus significant…
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Debt settlement secrets and opportunities in 100 installments
By Maria Bourgana. Unique opportunity to set up in up to 100 installments all their overdue debts to the tax office even the last installments of ENFIA, the VAT debts and debts pending in the courts and to "erase" up to…
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What was agreed in the Brussels Group – In Athens the first technique …
The technical team of the institutions that will collect macroeconomic and fiscal data will arrive in Athens on Thursday, as confirmed after the conclusion of the first meeting of the Brussels Group, on Wednesday in the Belgian capital.
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The new arrangement of 100 installments
Debts that have become overdue by March 1st 2015 they will be able to be adjusted with the new form of the regulation of 100 installments. This is provided for in the "restarting the economy" bill which was posted on…
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Varoufakis: I understand that my presence has irritated you …
For the suffocating policy of the ECB towards the Greek government which, as it says, aims to push partners to work together to find a sustainable solution, he spoke in an interview last night, from Paris where he is, …
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In a hotel in Athens, the technical levels of the Brussels Group …
The technical levels of the Brussels group get to work today in Athens for an "on Site Exchange of Facts", as he wrote a government non paper, for a confirmatory exchange of facts ie evidence. According to information the government has…
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Giscard d’ Esten: Greece in a better position without the euro
Greece will be better off with a national currency not as hard as the Euro, the former president of France said yesterday in an interview granted to Bloomberg TV, Valerie Giscard d’ Esten. "Greece can create…
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Profits and losses from the fall of the euro
The euro's weakness continues unabated three days after the European Central Bank officially launched its government bond buying program with the exchange rate falling to 1:1 against the dollar seems to be an issue…
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National Bank: The benefits of selling a share of Finansbank
National Bank will have multiple benefits from the sale of a minority stake in Finansbank, which lays the foundations for rapid development of its subsidiary in Turkey. According to sources from the Greek group, the capital increase of Finansbank, …
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Category Archives: Economy
Economy: In the "foreground" of the fiscal debates in Athens
C. Varoufakis: "New reform package" in cooperation with …
Finance Minister Yanis Varoufakis described the half-hour meeting he had late Wednesday afternoon in Paris with his French counterpart Michel Chapin as "ethical".. At the meeting the two ministers had the opportunity to discuss…
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Reuters: Cyprus is distancing itself from the Greek Euro-drama
Doubts about Greece's future in the euro put pressure on its historical affinity with Cyprus, as Nicosia distances itself from Athens trying to ensure its presence in the monetary bloc, Reuters reports.
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In the "foreground" of the fiscal debates in Athens
Technical steps are expected in Athens on Thursday as part of the Greek side's negotiations with creditors. Although sources of Megaros Maximos, they rejected such a possibility until late Tuesday night, they reported that finally…
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Varoufakis: "Suffocating pressure from the ECB"
The amount of 6-8 billion euros, the finance minister expects, Mr. C. Varoufakis, to flow into state coffers from the VAT reform and arrears regulation bill. Alongside, did not rule out the possibility of…
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Eight hours the first marathon in the Brussels Group
Marathon was the first meeting of the Brussels Group, as the consultations of the representatives of the Greek government with the representatives of the three Institutions in Brussels began on 3 at noon and were completed at 11 at night.
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The negotiation in Brussels began in a warlike atmosphere …
In Paris, Mr. Varoufakis where on Thursday the Prime Minister meets Angel Guria of the OECD – Mazooch has been upgraded – Scales of ECBs, EU, IMF arrive in Athens. PUBLICATION: 06:00 | LAST UPDATE: before 23′. Start on…
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Reuters: Cyprus distances itself from the "drama" of Greece
Cyprus distances itself from Greece in the matter of the Greek side's negotiations with its partners, which, follows her own path, as reported by the Reuters agency. "Doubts about the future of Greece…
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"We have to agree on how we will work," he says …
In a charged climate, due to both the ultimatums to Athens from Eurogroup President Jeroen Dijsselbloem and German Finance Minister Wolfgang Schäuble, as well as the escalation of anti-lender rhetoric – with…
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"Cyprus turns its back on Greece"
Cyprus is following its own path by "letting go" of Greece in the matter of negotiations with creditors. Publication of the Reuters agency refers to the progress of the Cypriot economy but also to the fact that Nicosia…
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General Secretary of Commerce – Consumer: "Tax avoidance and tax evasion …
The four main policy axes, which will follow in his term, described on Tuesday the new General Secretary of Trade and Consumer Ant. Papaderakis during the inauguration ceremony in the historical building of the ministry…
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Economy: The start of technical negotiations in Brussels is "in the air".
The start of technical negotiations in Brussels is "in the air".
Varoufakis contacts with Chapin in Paris – Critical issuance of interest-bearing promissory notes ahead of Friday and 13 – The background to the involvement and the "hot spots" with Berlin and lenders – What do government and institutions say about the block on foreign auditors?…
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Premiere in Brussels – Lenders insist on visits …
Technical talks with the representatives of the institutions are normally expected to begin, on Wednesday, in Brussels, despite the information that spoke of the departure of the finance minister from the Belgian capital and involvement in this…
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Warning Dijsselbloem for getting involved in negotiations
Eurogroup president Jeroen Dijsselbloem warns of getting involved in negotiations if the lenders' representatives are not welcome in Athens. As he characteristically stated on the sidelines of the meeting of…
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Varoufakis: The start of negotiations guarantees its support …
Normalization process regarding the country's financial problem and the relationship with the EU. described the Minister of Finance Mr. Yanis Varoufakis at the press conference that followed Monday's Eurogroup. The two new "waves…
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"Headache" covering loan needs
The State's obligations for the month of March include interest, bonds and loans amount 750 million. euro, as well as the financing of the March deficit. Comments (8). A- A A+. shortlink…
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Negotiations are in the air – Rocket Dijsselboom for the …
He repeated the warning that Greece will not receive money if there is no progress on the sidelines of the Ecofin meeting in Brussels, the head of the Eurogroup, Elder Dijsselbloem. "Athens' consultations with the institutions…
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German wave: Ambitious ECB program with high risk
The ECB launched its extensive European bond purchase program. But Mario Draghi's ambitious interventions entail risks for European taxpayers, Deutsche Welle broadcasts. The ECB set yesterday to…
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After the …”disputes”, they book tickets for Athens
Negotiations between government officials and the institutions begin tomorrow in Brussels, which will be headed by Nikos Thocharakis, remaining on Belgian soil. On the contrary, Yanis Varoufakis leaves tonight…
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What does Pasal's agreement with Piraeus Bank provide?
The settlement of the existing debt of the company Pasal Development, total balance with date 04.03.2015 height 28.432.304 euros by transfer to Piraeus Bank 20.353.776 PASAL ownership shares in Trastor AEEAP, …
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CHEESE-Vivartia: THE “hidden” acquisition that never happened
A proposal for the acquisition of the DELTA - Vivartia dairy industry submitted four months ago by the Sarantis brothers' "Cheese" industry from Trikala, comes to reveal the intense background processes they are now in…
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Economy: Technical discussions begin on Wednesday in Brussels
Technical discussions begin on Wednesday in Brussels
The green light for the start of technical discussions between the Greek authorities and the representatives of the institutions in Brussels was given by the Eurogroup, which was informed by the finance minister, Yanis Varoufakis, for seven plus three…
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Dijsselbloem: Technical discussions in Brussels and Athens
“It was agreed that there is no further time to waste. Discussions must begin and will begin on Wednesday, with the aim of quickly and successfully completing the evaluation" said Jeroen Dijsselbloem, during the interview…
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Under the microscope of the Eurogroup, the Varoufakis list with the Greek ones …
The acceleration of the Greek government's reform work will occupy the debates both in the context and on the sidelines of today's Eurogroup in Brussels. The Council of Finance Ministers of the euro area will be informed…
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On Wednesday, talks begin at a technical level in Brussels
For “positive result” at today's Eurogroup, government sources are speaking according to which on Wednesday the discussions of the technical echelons of Greece and institutions will begin in Brussels and not in Athens. According to the same sources in…
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Winter in Brussels – Suffocating pressures on G. Varoufakis
"Frozen" statements and messages of rupture with Greece, send the European Finance Ministers attending the Eurogroup meeting. B. Schäuble and G. Dijsselbloem show the way.. of the serious disagreement with the Greek…
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SOS from bankers for liquidity
The country is threatened with a liquidity crunch if no agreement is reached with the Eurogroup today, bankers warn. With the total obligations of the country for the two months of March – April amounting to 15,7 di. euro, out of…
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Parliament: The M. Karamesini new commander of the OAED
The appointment of Maria Karamesini at the helm of the OAED was approved by a majority in the DEKO Committee of the Parliament. SYRIZA gave a positive opinion, the River and ANEL, while ND and KKE chose "present" and PaSoK chose white. The lady…
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ELA review by the European Central Bank
Within the week (Wednesday or Thursday) the European Central Bank's governing board is to meet again to review the limit of the emergency financing line (ELA) to the Greek banks, …
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Merkel: The road to agreement is very difficult
"Our political goal is to keep Greece in the Eurozone" the German Chancellor repeated today, adding that on the subject of the implementation of the reforms from the Greek side "it is clear that we have a long way to go…
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New investment proposal for Asteras after the CoE block
Ways to break the impasse to complete the transfer of Astir Pallas is trying to find, according to information, the shape of Arabic and Turkish capitals. After the block the Council of State is considering submitting a new one…
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Economy: Varoufakis' statements about the referendum are a field of controversy
Varoufakis' statements about the referendum are a field of controversy
The field of confrontation was the interview of the Greek Minister of Finance Mr. Yanis Varoufakis in the Italian newspaper "Corriere Della Sera" a day before the Eurogroup meeting in Brussels. Specifically, what caused it…
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Varoufakis: The possibility of a referendum is "open"., if not …
The possibility of even a referendum in Greece is open, in case the partners finally reject Greece's proposals, says Finance Minister Yanis Varoufakis in an interview with the Italian newspaper "Corriere della…
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Spiegel "recalls" Tsipras' response to the referendum
The statement of Yanis Varoufakis in the Italian newspaper "Corriere della Sera", that the government could proceed with a referendum, if the partners do not accept the plan with the reform measures the side has caused in the last hours…
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Varoufakis in Corriere della Sera: Election or referendum on …
"If the EU does not accept Greece's plan, we could go to elections or hold a referendum on the euro" Greek Finance Minister Yanis Varoufakis said in an interview with Corriere della Sera a day before…
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Varoufakis bomb: A referendum on the euro if they don't accept it …
As emphasized by the Ministry of Finance, in general, in recent days there have been cases of systematic distortion of the finance minister's statements by a section of the media. These distortions, as well as the continuous…
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Kotzias: EU sanctions against Russia are costing us dearly
"Our country is in a state of economic crisis. It is costing us too much to have an embargo on our agricultural production and the EU needs to have an honest discussion about what to do with our economic problems, which are due to…
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Mill with the deposits of politicians abroad
Fierce political confrontation between New Democracy and SYRIZA has erupted in the last few hours on the occasion of a publication that wants the former finance minister, Gika Hardouveli, to have made large sums of money abroad. According to the…
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Celebrate the "opening" of the tourist season in Crete
With traditional xerotiganas, raki and many wishes welcomed the Cretans at the airport of Heraklion 120 German Tourists - passengers of the first charter flight that made a "foot trip" to Crete, inaugurating the new tourist season.
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"Foreign suppliers require advance payments from Greek ones …
Greek trade is in an extremely difficult position after the decision of many foreign houses to cut off credit to Greek importing companies and return to prepayment and full coverage requirements with…
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Block on the "10th Commandment" by the relatives of the teacher who …
Attempts to block the revival of one of the most horrific crimes that Greece has ever experienced are being made by the relatives of the 24-year-old teacher Adamantias Karkalis who was beheaded by her husband Athanasios Arvanitis on the 4…
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Economy: Involvement in the transfer of the funds of the HFSF to the state coffers
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ETAA closes it… eye on the GUIDE
The response of the Unified Fund of Independent Professionals is expected to be affirmative (ETA) to the proposal of the ODDIX and the Ministry of Labor to deposit a part or all of its liquid reserves in a special account at the Bank of…
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Involvement in the transfer of the funds of the HFSF to the state coffers
The government's attempt to transfer the funds of the Financial Stability Fund to the coffers of the Greek State has failed (Ths) due to legal involvement but also the reaction of the European Stability Mechanism…
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Varoufakis: The Greek government wants the implementation …
At a meeting of the "think tank" Aspen Institute, which takes place behind closed doors, in Venice, Greek Finance Minister Yanis Varoufakis is participating today. Varoufakis: The Greek government wants the implementation…
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Moody’s: Reduces the deposit ceiling in Greece
In reducing the upper limit (ceiling) of bank deposits in Greece in domestic and foreign currency, Moody's Investor Service proceeded, in Caa1 from Ba3. The short-term deposit limits remain Not Prime (NP). Additional, the highest…
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N. Kotzias: Sanctions against Russia affect Greece
Greek Foreign Minister Nikos Kotzias arrives at an extraordinary European Union foreign ministers meeting in Brussels January 29, 2015. Kotzias stoked a brewing row with European partners over sanctions against Russia on Thursday, saying Athens would…
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"Bridge" Varoufakis - Dijsselbloem before the Eurogroup
Signs of convergence ahead of Monday's decisive Eurogroup 9/3 by the Greek Minister of Finance and Geroun Dijsselbloem. Yanis Varoufakis made a statement on the issue of reforms from Venice where…
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There are only reforms the Belgian central banker
Greece must understand that there is no other way but reforms, said Luke Cohen, governor of the Central Bank of Belgium and member of the Board of the European Central Bank. Cohen noted that life outside…
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New management at National Bank
The changes in the management of the National Bank have been finalized. Leonidas Fragiadakis is expected to be formally approved by the European Central Bank in the next few days to assume the duties of managing director at National Bank, …
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What does G. answer?. Hardouvelis on "where do you belong"
"Fully taxed and declared to his account." 2014 they are the amounts in dispute" replies the former Minister of Finance, Gikas Hardouvelis, after a publication claiming that the president of the Anti-Money Laundering Authority with…
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spider design: The invisible tax inspectors for the receipts
At the March 9 Eurogroup, the "Spider" project is one of the reforms that the government is putting on the negotiation table. The flexible control scheme, which is planned, will focus solely on publishing…
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Economy: Black hole 1,5 di. euros in revenue in the two months
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Black hole 1,5 di. euros in revenue in the two months
With a big black hole he starts with his good morning 2015 the new budget. In the two months of January-February, according to information from Capital.gr, regular budget revenues, excluding tax refunds, it was by about 1.5…
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What does the Finance Minister's letter suggest and what does it state? …
According to information from the Maximos Palace, the government and the Ministry of Finance sent a new list to Brussels that includes the previous seven reforms with a few more additions. They are not included in the new list…
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What do the seven Varoufakis reforms include?
To the Dijsselbloom staff, the Greek proposals – Peter Spiegel (FT): How the Greeks will do them… tourists secret tax officials! The new Varoufakis letter to the partners has an emphasis on tax measures. As reported by the government…
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This is the Varoufakis letter to the Eurogroup
Seven economic reforms as a first package of measures in order to unlock the tranche of 7, 2 di. includes the list of proposals of Mr. Yanis Varoufakis to the Eurogroup. This is the Varoufakis letter to the Eurogroup. Between measures…
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These are the seven reforms that Varoufakis sent to …
New letter with 7 reforms sent by G. Varoufakis to the Eurogroup which meets on Monday. The 7 meters are: 1. Activate the Fiscal Board to achieve savings and expand the mission…
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Berlin: No installment will be paid to Greece in March
There will be no loan installment payment to Greece in March, explained the representative of the German Ministry of Finance, Martin Jaeger, as, as he pointed out, there is no basis for prepayment. Berlin: It will not be paid in March…
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These are the 7 reforms to the new e-mail Varoufakis …
The letter with the list of reforms sent by Finance Minister Yanis Varoufakis, to Eurogroup president Jeroen Dijsselbloem, will discuss next Monday's Eurogroup, according to what he stated to…
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BSE: 25 proposals for restructuring the industry
In GREECE, the exit from the crisis also depends on the ability of the Greek economy to organize the necessary investment mobilization in industry, with the aim of regaining the lost share of manufacturing participation in GDP, …
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Stournaras: Fully secured banking system and …
The commander of the Central Bank appeared reassuring after the completion of his meeting with Alexis Tsipras. Mr. Stournaras stated that deposits and the Greek banking system are fully insured and are not at any risk.
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Fitch: Grexit remains possible but the systemic crisis is …
The eurozone will suffer a major shock if Greece leaves (from the euro), but it will be unlikely to cause a systemic crisis like his 2012, or an expedited exit of another country, reports Fitch Ratings. As the rating agency points out, the immediate…
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