President of the Greek Republic, Karolos Papoulias, received a delegation of the Hellenic American Educational and Progressive Association (AHEPA) at the Presidential Mansion. “We have made great progress. Many things can be done until the end of this year and 2014 will be a different year,” the President noted. He called the delegation to encourage [...]
Tag Archives | Angela Merkel
Merkel Ally Says Greece Still In Peril
While Greek Prime Minister Antonis Samaras is trumpeting that he has saved Greece from being forced out of the Eurozone and won’t impose any more austerity measures, a senior conservative ally of German Chancellor Angela Merkel said there’s still a risk it will. Alexander Dobrindt, General Secretary of the Christian Social Union (CSU,) the Bavaria-based [...]
Steinbrüeck Wants Merkel To Back Off Greece
German Chancellor Angela Merkel’s rival in this year’s election, former finance minister Peer Steinbrueck said she should relent on her tough stance on continuing austerity measures for Greece in return for continued international aid and give the country’s leaders more time to meet fiscal reform targets. “Measures that would not be imposed on our own [...]
Cypus Denies Money Laundering Hub
Cyprus, awaiting big international bailouts as for its banks to be saved after suffering huge losses when the Greek government imposed big hits on holders of Greek bonds, is not a hub for money laundering, Finance Minister Vassos Shiarly said as he urged the Eurozone to provide quick help. Cyprus applied for financial aid last [...]
Samaras to Meet Merkel in Berlin Next Week
The German government says Chancellor Angela Merkel will meet Greek Prime Minister Antonis Samaras in Berlin next week. Merkel spokesman Steffen Seibert said Merkel will welcome Samaras to the chancellery on Tuesday. He said Friday that the informal meeting offers an opportunity for the two leaders to review progress that Greece has made in implementing [...]
Merkel Does Not Rule out Greek “Haircut” in Coming Years
German Chancellor Angela Merkel said she has not ruled out a so-called “haircut”, or write-down, on Greek debt in the next few years, in an interview with a Sunday newspaper, marking an apparent softening in position. After being vehemently opposed to accepting a “haircut,” Merkel told Bild am Sonntag that it could be considered from [...]
Merkel Acknowledges Germans’ Frustration on Greece
Germany’s chancellor says she understands the frustration felt by many Germans over the repeated bailout programs for Greece. But Angela Merkel also insists that helping debt-ridden Greece is in her country’s self-interest because it helps stabilize the 17-nation eurozone on which Germany’s prosperity depends. In an interview released Saturday, Merkel told Sunday tabloid Bild am [...]
Germany Gives Green Light to €44bn Package to Greece
Germany’s lawmakers have agreed to forgive some of its loans to Greece. Fears that the country’s default would hurt the whole EU bloc overshadowed an almost a €1bn price tag for Germany. Out of the total 584 MPs 473 voted in favour, with 100 against. Eleven MPs abstained, according to The Guardian. The key to [...]
Greek Default Could Cost the Germans
German chancellor candidate Peer Steinbrueck warned in a newspaper interview released on Saturday that German taxpayers could get stuck with a large bill if Greece were to default on its loans. Steinbrueck told Bild am Sonntag newspaper that Germany has so far only provided loan guarantees for Greece but that could end up costing German [...]
ECB’s Asmussen: Greece to Need Aid Beyond 2014
Greece will need yet more international financial assistance beyond the agreed bailout programs through 2014, a European Central Bank board member said Sunday. The government in Athens probably won’t be able to return to finance its debt on financial markets in 2015 and 2016, thus requiring another assistance program, Joerg Asmussen told German public broadcaster [...]
German Party Open to Giving Greece More Time
A senior figure in Germany’s governing coalition whose party has talked particularly tough on Greece has signaled that he’s open to giving Athens more time to get its finances in order. Over the summer, prominent officials in the Christian Social Union, the Bavaria-only sister to Chancellor Angela Merkel’s Christian Democrats, called for Greece to leave [...]
Samaras Asks EU For Full E31.5 Billion Tranche Payment ASAP
Greece’s Prime Minister Antonis Samaras told his EU counterparts here this evening that an overdue E31.5 billion loan tranche from his country’s bailout program should be paid in full – not in installments – and as soon as possible, a senior Greek government official said. Speaking to fellow European heads of state and government during [...]
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Calendar – Exhibits, Concerts, Fun
- Open Call for Greek Designers May 19, 2013
- Greece Celebrates International Museum Day on May 18 May 18, 2013
- Edessa Cherries, Wine For Gastronomy Fair May 17, 2013
- Greek Choreographers Festival In Thessaloniki May 17, 2013
