Tag: finance

Cyprus bail-in Theodoros Patsellis PRP-Law

Cyprus Bail-in. A back door solution perhaps?

On March 25, 2013, the Cypriot bail-in became a reality and thousands of people saw their savings melt. In an effort to rebounce, Greek investors who were affected by the bail-in have sought legal resort and now seem to stand a fair chance to have their case tried and possibly recuperate a portion of their losses.

How are Blockchains and Bitcoin related? 1

How are Blockchains and Bitcoin related?

If you’ve ever wondered what Blockchains are, then you’re about to find out. In order to understand Bitcoin and how Bitcoin works, then you first need to know what Blockchain is, and…

Greece confirms budget primary deficit of €8.199b in Jan-July

Greece confirms budget primary deficit of €8.199b in Jan-July

The Ministry of Finance announced that in the January-July 2020 period, Greece recorded a primary budget deficit of of €8.199 billion, against a surplus target of €1.166 billion. The announcement reflects the…

Greek Prime Minister ‘sells’ Greece 2

Greek Prime Minister ‘sells’ Greece

Greece’s Prime Minister, Alexis Tsipras did his best to sell a positive vision of Greece during his address to the American-Hellenic Chamber of Commerce on Tuesday. Tsipras highlighted the facts that the…

Greek Australian marketing expert named Marketer of the Year 4

Greek Australian marketing expert named Marketer of the Year

Queensland Marketing expert and Managing Director of 1Up Communications Demetri Hughes is celebrating back-to-back wins, scooping the 2018 Australian Marketing Institute (AMI) Certified Practising Marketer of the Year for the state of…

IMF

Greece ready for the world, market: IMF

The International Monetary Fund (IMF) said on Tuesday that Greece was ready to access the markets again. In its report, the IMF said that Greece’s reforms efforts in combination with debt relief…

Germany’s Schaeuble promises end to memorandums for Greece 5

Germany’s Schaeuble promises end to memorandums for Greece

Germany’s Finance Minister Wolfgang Schaeuble gave an optimistic look into the future for Greece on Tuesday, suggesting there will not be a fourth memorandum for the country. Speaking with Deutsche Welle TV,…

Europe is hostage to austerity and the IMF: Tsipras 7

Europe is hostage to austerity and the IMF: Tsipras

Prime Minister Alexis Tsipras accused Europe’s political class of surrendering the continent to the IMF and austerity during a speech in Rome’s “La Sapienza” University. “We are at a critical moment because…

Greek Finance Minister rejects IMF claims 50% Greeks pay no taxes 9

Greek Finance Minister rejects IMF claims 50% Greeks pay no taxes

Greece’s finance minister Euclid Tsakalotos has come out swinging against the IMF after ‘questionable’ assessment methods and claims about 50% of the Greek population not paying taxes. Tsakalotos said that if the…

Rothchilds to help Greece re-enter the markets 10

Rothchilds to help Greece re-enter the markets

The Greek government has confirmed that it has retained the services of the Rothchild investment banking group, as technical consultants, to help the country prepare for a return to borrowing from the…

Greek debt not sustainable: IMF and ECB 11

Greek debt not sustainable: IMF and ECB

The President of the European Central Bank said on Monday that Greece’s debt must be sustainable and the second review of its programme completed as prerequisites for Greece’s inclusion in the quantitative…

EU disburses 1.1 billion euro to Greece 12

EU disburses 1.1 billion euro to Greece

Finance ministers from the nations using the euro single currency gave Greece a positive review of its reforms on Monday but divided up the latest tranche of aid to Athens, disbursing a 1.1…

Unsustainable Greek debt must be restructured: USA 13

Unsustainable Greek debt must be restructured: USA

The impasse between Greece’s creditors and the IMF over the need to restructure the country’s unsustainable debt has drawn a response from the USA, with the U.S. Treasury Secretary Jack Lew stating…

No deal yet with Greece’s creditors over bailout: Tsakalotos 14

No deal yet with Greece’s creditors over bailout: Tsakalotos

Greece’s Finance Minister Euclid Tsakalotos met on Monday with representatives of Greece’s creditors and discussed the creation of a new Privatisation Fund that Greece must set up as part of the third…

Get back to work Greece, Eurogroup orders 15

Get back to work Greece, Eurogroup orders

European finance ministers met on Friday at the informal Eurogroup summit in Bratislava and expressed concerns that Greece was falling behind schedule in its obligations. There was concern and pressure for Greece…

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