Giorgos Stathakis
Economy
Troika Meets with Greece's Finance and Economy Ministers on Friday to Continue Bailout Talks
The representatives of Greece's creditors will meet at 10:00 am on Friday with Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis to continue negotiations over the country's third bailout program.
The four representatives - Declan Costello from the European...
Business
Greek Govt to Ease Capital Controls on Businesses
In a meeting on Friday, the Bank of Greece (BoG) along with Greek government representatives agreed to give businesses a breath of air.
Many imports to Greece have been held up as Greek businesses have been unable to pay them due...
Economy
Greek Govt Sources: Tsipras Will Not Step Down
These have been a tough two days for Greece's SYRIZA party and the Tsipras administration.
At least 30 SYRIZA lawmakers have stated their intent to turn down the deal Greek Prime Minister Alexis Tsipras made with international creditors on Monday morning. Though the package...
Economy
Greek Economy Minister: Banks Will Not Open This Week – Deposits Will Not Be Slashed
During an interview with Bloomberg on Tuesday, Greek Minister of Economy, Shipping and Tourism Giorgos Stathakis said that banks will reopen when the European Central Bank (ECB) raises the Emergency Liquidity Assistance (ELA) to Greece, so after the various Eurozone parliaments vote...
Business
40,000 Greek Workers Fired or Suspended
The imposition of capital controls delivered the last blow to the public construction projects, leading to many cancellations, even in sites that operated normally until yesterday. The main reason behind the cancellations is that there is no way for...
Economy
Most Likely Greece's Next Finance Minister
After Yanis Varoufakis' resignation, Greek negotiations team member Euclid Tsakalotos is the most likely person rumored to become Greece's next Greek finance minister.
According to Greek government sources Tsakalotos is expected to take over today after an emergency Greek party leaders...
Economy
What Would Happen if Greece Defaults on its Payment to the IMF
Minister of Economy, Infrastructure, Shipping and Tourism Giorgos Stathakis said on CNN and The Financial Times that Greece will not make the repayment due to the International Monetary Fund on June 30 (today).
The default will put Greece on a...
Economy
Greek Economy Min: We Achieved the Most Balanced Agreement Provided the Circumstances
We achieved the most balanced agreement taken into account the circumstances," Greek Economy Minister Giorgos Stathakis on Wednesday said in statements to Mega TV.
The Minister described the measures "balanced" because as he said "lenders initially demanded direct pensions and...
Economy
Greek Economy Minister: Agreement Within the Next Days
"Deal exists," stated Greek Economy Minister Giorgos Stathakis in an interview to Italian newspaper Corriere della Sera, clarifying that he foresees that "the deal will close within a few days" and a "Eurogroup to approve financing will follow."
Answering a...
Economy
SYRIZA Members Leak Scenarios of Snap Elections in June
SYRIZA cabinet members have leaked scenarios of snap elections or referendum if Greece does not come up with an agreement with creditors until June, when the bailout extension expires.
Sources close to Prime Minister Alexis Tsipras said that this is not...