Already pressing Germany for 240 billion euros ($311.6 billion) for World War II reparations, Greece is also readying a case for the return of antiquities looted by the Nazis during World War II, officials said. “The entirety of the archaeological service’s archives is under investigation” in a search for photographs and sketches of lost items, [...]
Tag Archives | Merkel
The Economic Assassins Who Killed Cyprus
Cypriots by all accounts are a resilient people and yet, one wonders why this small island has never enjoyed peace. Disraeli, the first Jewish minister of Britain, described Cyprus to Queen Victoria in 1878 as, “This jewel of the Med is the key to western Asia” and wanted to formulate the island as a “defensive [...]
Avramopoulos Wants German WWII Reparations
Greece, after shying away from testing Germany, the biggest contributor to international bailouts propping up the Greek economy, said it will press for payments of reparations from damages caused by the Nazis in World War II. The Finance Ministry has compiled a report that takes stock of all relating available documents spanning more than six [...]
Greece and Cyprus Leave Eurozone, Adopt Dralira
Saying they would no longer put up with being told what to do and to keep imposing pay cuts, tax hikes, slashed pensions and seizing bank accounts so that foreign bankers putting up bailout loans could be paid back, Greece and Cyprus have decided to quit the Eurozone and adopt a new currency, the Dralira. [...]
Schaeuble Says Critics Envy Germany
Beaming over Germany’s success in imposing its will and forcing Cyprus to confiscate up to 80 percent of uninsured bank deposits to get releae of a 10 billion euros ($13 billion) international loan, much of it coming from his country, German Finance Minister Wolfgang Schaeuble said critics of the deal were acting like schoolchildren. “It [...]
Cyprus Runs Up The White Flag To Bankers
On Feb. 25, conservative lawyer Nicos Anastasiades, promising Cypriots he would never allow foreign entities to steal money out of their bank accounts to pay for mistakes the banks made, was easily elected the island’s new President. On March 25 – Independence Day in Greece and now Surrender Day in Cyprus – someone dressed like [...]
Cyprus-EU Talks Resume, Zero Hour Looms
Eurozone officials met in Brussels on March 24 with Cypriot officials as negotiations resumed on whether the island country’s government could satisfy lender demands, including for a bank confiscation tax, to trigger release of a 10 billion euros ($13 billion) bailout. The talks came as the European Central Bank, one of the lenders, said it [...]
Cyprus OK’s Partial Bailout Plan
With the clock running fast toward a possible bank collapse and default unless they came up with a plan to raise 5.8 billion euros ($7.5 billion) to secure a 10 billion euros ($13 billion) bailout from international lenders, Cyprus’ agreed to a midnight plan on March 23 to restructure its banks, restricting financial transactions and [...]
Madame Merkel’s Rule Goes Viral
The Moscow Times depicted the crisis in Cyprus and the Eurozone with the image of a faux Renaissance painting with all the major protagonists, with the focus on German Chancellor Angela Merkel dressed as a tavern woman. The picture has gone viral with thousands of reposts on social media and blogs . On her left, [...]
Merkel Warns Cypriots To Give In
German Chancellor Angela Merkel, whose country is insisting that Cypriot bank depositors help pay the cost of a crisis they didn’t create, said that the Eurozone will not relent on that demand and warned Cypriots: “Don’t try our patience.” The hard stance came as she was talking to members of her Parliamentary party group while [...]
Cyprus Will Exempt Small Savers From Tax
In a frantic bid to get support from Parliament before a crucial March 19 vote on a savings confiscation plan demanded by international lenders in return for a 10 billion euros ($13 billion) bailout, the Cypriot government said it has revised it to exempt savers with less than 20,000 euros ($25,900) but will still tax [...]
Cyprus Can Revise Savings Seizure Plan
With reports that new Cypriot President Nicos Anastasiades admitted he didn’t have the votes to pass a confiscation tax of up to 9.9 percent on bank deposits and force account holders to pay part of a bailout ordered by international lenders, Eurozone finance ministers agreed late on March 18 that the government can change the [...]
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Calendar – Exhibits, Concerts, Fun
- 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
- Taxidi Exhibit 2013 Opens in Cyprus May 16, 2013
