Euclid Tsakalotos
Economy
Greek Government Expresses Hope for a Quick Agreement
As the first round of talks between Greek government officials and the country’s official creditors has been completed, the mood among the former is on the upswing even though nothing specific has been agreed so far between the two...
Economy
Greece's Creditors Remain Strict in Bailout Program Negotiations
The quartet of Greece's creditors remained adamant in their positions after nine hours of negotiations with Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis that ended on Wednesday night.
According to a source close to the talks, on the...
Economy
Greece Proposes Raising Top Rate Income Tax to 50%
Greece proposed to its creditors on Tuesday raising the top rate of personal income tax to 50 percent in order to avoid increases in social security contributions.
The top rate of personal income tax now stands at 42 percent and...
Economy
Greek Government About to Begin Negotiations With Creditors
The Greek government is expected to start negotiation talks with Greece’s creditors this coming Monday, which will be completed in two rounds, according to officials from Greece’s Ministry of Finance.
The first round of talks will last only a few...
Business
Greek PM Receives Representatives of Top Investors in Greece
Greece will have "turned onto a new page" once the first review of the economic adjustment programme is concluded, according to all participants in a meeting on Friday between Greek Prime Minister Alexis Tsipras and international investors in Greece,...
Economy
At Davos, Greek PM Reiterates Greece’s Acceptance of IMF Role in New Bailout Program
A few days ago, Greek Finance Minister Euclid Tsakalotos said that Greece was not opposed to IMF’s participation in the new bailout program, which his government had signed in August 2015 with the nation’s official creditors.
Today, Greek Prime Minister...
Economy
IMF Stance on Pension Reform Irks Greek Finance Minister
In a press conference, Greek Finance Minister Euclid Tsakalotos expressed his displeasure with the IMF’s stance on the Greek government’s plan for pension reform.
Tsakalotos stressed repeatedly that leaks to the press about the IMF’s alleged rejection of the pension...
Economy
Greek Government Agrees to Hold Discussions with IMF Over Pension Reform
Tsipras’ Syriza-led government has done more somersaults since it came to power than an acrobatic gymnastics team in Olympic competition.
Take for example its stance on the IMF and the so-called Troika in general. First, Tsipras and his lieutenants promised...
Economy
IMF Disagrees with Greek Proposal on Pension Reforms
Poul Thomsen, Director of the European Department of the International Monetary Fund, rejects the Greek proposal on security fund reforms, according to a real.gr report.
Thomsen also expressed the opinion that the first evaluation of the progress of Greece's bailout program...
Economy
Germany Remains Adamantly Opposed to Greek Debt Relief
No matter how one feels about Germany’s handling of the Greek debt crisis, one must admit that the masters of the Eurozone are thoroughly consistent in their views and do not oscillate back and forth, like the ECB does,...