Bailout
News
Greeks Sell-Off Assets to Repay Debts in Europe’s Newest Onion Economy
- January 21, 2013
- Afandou
- Agricultural Bank of Greece
- Antonis Samaras
- ATE
- Athens
- Athens airport
- Athens Water Supply and Sewerage Company
- Bailout
- beaches
- Europe
- EYDAP
- firesale
- government assets
- government rollback
- Greece
- Greek
- Greek Debt
- Greek debt crisis
- Greek government
- Greek lottery
- Hellenic Horse Racing Company
- Hellenic Petroleum
- Hellenic Post
- HELPE
- IMF
- International Monetary Fund
- Investment
- Piraeus Bank
- Prime Minister
- private investors
- Privatization
- Rhodes
- sale
- Sovereign Debt
- state assets
- state holdings
Firesale privatization of Greek State Assets Raises Concerns for Future of Greece, accusations of Corruption In order to repay its sovereign debts, the Greek government has placed everything from a police headquarters in Athens to leasing private beaches on the auction block to raise much-needed funds. As part of its bailout of Greece, the International Monetary Fund […]
Read MoreNews
Three-Party Coalition Greek Parliament Passes Law to Boost Tax Revenues by $3 Billion Annually
The move comes from the coalition government in Greece’s parliament in order to appease creditors to the debt-ridden state as part of its bailout agreements. The law raises taxes on top earners, simplifies tax brackets, and extends income taxes to farmers. As part of its $45.5 billion bailout, Greece has to pass such laws even […]
Read More
News
Talks to Form Greek Coalition Government Collapse – New Elections Expected as Euro Zone in Turmoil
- May 15, 2012
- Alexis Tsipras
- Antonis Samaras
- Austerity
- Bailout
- Chryssi Avgi
- coalition government
- Euro
- Euro bonds
- Europe
- European Central Bank
- European Debt Crisis
- European Union
- eurozone
- Finance
- financial crisis
- Golden Dawn
- Greece
- Greek
- Greek Debt
- Greek debt crisis
- IMF
- Karolos Papoulias
- left coalition
- leftist coalition
- Monetary Union
- New Democracy
- Pan Hellenic Socialism
- PASOK
- socialist
- Sovereign Debt
- SYRIZA
Greek President Karolos Papoulias has announced that talks to form a coalition, technocratic government have failed and new elections are expected. Evangelos Venizelos, leader of the Panhellenic Socialist Movement (PASOK), has presided over three failed coalition talks and is now instrumental in forming a caretaker government to chaperone Greece into its next round of elections. […]
Read More
News
Germany Threatens to Cut Greece Off
- May 9, 2012
- Alexis Tsipras
- Angela Merkel
- Antonis Samaras
- Austerity
- Bailout
- Chryssi Avgi
- coalition government
- ECB
- Euro
- Euro bonds
- Europe
- European Central Bank
- European Commission
- European Debt Crisis
- Golden Dawn
- Greece
- Greek
- Greek Debt
- Greek debt crisis
- IMF
- Karolos Papoulias
- left coalition
- leftist coalition
- Martin Schulz
- New Democracy
- Pan Hellenic Socialism
- PASOK
- socialist
- Sovereign Debt
- SYRIZA
Responding to Greek leftist coalition Syriza’s leader Alexis Tsipras’ vow to abandon the debt resettlement terms, German leaders vowed today to cut Greece off from any international monetary aid if they fail to support the debt renegotiation settlement terms. Struggling to form a government in the wake of the May 6 elections, Greece’s leadership has […]
Read More
News
Greek Political Crisis Emerges as Leftist Coalition Syriza’s Leader Alexis Tsipras Vows to Reject Austerity
- May 8, 2012
- Alexis Tsipras
- Antonis Samaras
- Austerity
- Bailout
- Chryssi Avgi
- coalition government
- Euro
- Euro bonds
- Europe
- European Central Bank
- European Debt Crisis
- Golden Dawn
- Greece
- Greek
- Greek Debt
- Greek debt crisis
- IMF
- Karolos Papoulias
- left coalition
- leftist coalition
- New Democracy
- Pan Hellenic Socialism
- PASOK
- socialist
- Sovereign Debt
- SYRIZA
The fate of Greece rests in the hands of a newly elected far-left leader, Alexis Tsipras, propelled to power on a platform that Greece could no longer support her international loan agreements. The anti-austerity, leftist coalition, Syriza, emerged surprisingly strong after this past weekend’s poll, winning 16.8% of the vote. News of Greek anti-austerity measures […]
Read MoreNews
Euro Bonds Are Rejected by Germany as a Solution to the Euro Zone Financial Crisis.
Germany’s Chancellor Angela Merkel has repeated her nation’s rejection of a common euro bond market as a solution to the financial crisis gripping the euro zone following a failed bond auction on the part of Germany to raise money for the joint effort to save the common market currency. The German focus has remained on […]
Read MoreNews
Diplomatic cables reportedly detail US State Department’s intervention on behalf of the Big 3.
I have not read said cables but the Detroit News is reporting today that the US State Department intervened on behalf of the American Big 3 automakers on multiple occasions over the course of the financial crisis beginning in 2009. Not only were issues concerning the Big 3 detailed but also the Toyota recalls were […]
Read More