Greek Finance Minister – The European Union Times ⚡ Shocking Hidden News Reports ⚡

Varoufakis says new Greek bailout doomed

EU Times — Sun, 19 Jul 2015 18:09:08 +0000

Former Greek Finance Minister Yanis Varoufakis has warned that the economic reforms from Greece’s debt holders are doomed to fail. The assessment comes as PM Alexis Tsipras has reshuffled his cabinet in efforts to secure a third bailout package. The EU is preparing to start talks with Athens on a third bailout which could reach […]

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Greece becomes first developed nation to default on international obligations

EU Times — Thu, 02 Jul 2015 10:49:48 +0000

The International Monetary Fund has confirmed that it didn’t receive the €1.6 billion payment from Athens that was due by the end of June 30, Brussels time, making Greece the first developed country to default on its international obligations. IMF spokesman Gerry Rice said in a statement that Greece had asked for a repayment extension […]

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Greece has no money to make IMF payment, interior minister says

EU Times — Mon, 25 May 2015 09:56:22 +0000

Greece will not be able to make next tranche of debt repayment to the International Monetary Fund (IMF), as the country has no money to pay, the Interior Minister said. “The four installments for the IMF in June are 1.6 billion euros ($1.8 billion), this money will not be given and is not there to […]

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Greek economy contracts 0.2 percent, slipping back into Recession

EU Times — Thu, 14 May 2015 11:42:36 +0000

A new report shows that the economy of Greece under SYRIZA has slipped back into recession after having contracted by 0.2 percent during the first quarter of the current year. The report was released by the national statistics agency, ELSTAT, on Wednesday, showing the second consecutive quarterly fall in Greece’s national output, after it had […]

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Greek finance minister attacked by anarchists

EU Times — Wed, 29 Apr 2015 21:40:53 +0000

Greek Finance Minister Yanis Varoufakis says he and his wife came under an attack by a group of anarchists while dining at a restaurant in the capital, Athens. Varoufakis said in a statement on Wednesday that he and his spouse, Danae Stratou, were assaulted the night before during a dinner outing in Athens’ Exarchia area, […]

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Greece hands over new austerity package to auditors

EU Times — Mon, 10 Sep 2012 22:56:37 +0000

Greek Finance Minister Yannis Stournaras says the cash-strapped euro member has offered its multi-billion-euro austerity program to its troika of international auditors. “We have submitted the 11.5-billion-euro ($14.7 billion) package to the troika. A discussion and an evaluation are taking place,” Stournaras said in Athens on Monday. “The measures are difficult. We are trying to […]

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