Greece
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Euclid Tsakalotos

Greek Parliamentary State Budget Office Warns of Bankruptcy Risk if Debt not Eased

Greece is at risk of bankruptcy unless there is substantial debt relief, warns the Parliamentary State Budget Office, while calling for the need of tax policy change. In its quarterly report (July-September 2017), the House office claims that debt relief...

Greek Finance Ministers Admit Overtaxing Middle Class, Professionals

Greek Finance Minister Euclid Tsakalotos admitted in parliament on Thursday that the government has overtaxed the middle class and professionals in order to protect poorer Greeks. On Wednesday, Deputy Finance Minister Giorgos Chouliarakis addressed the House saying that, "The tax...

Greek FinMin: €1.1 Bln Revenue Surplus to be Distributed as Social Dividends

At least 1.1 billion euros of revenue surplus will be distributed in the form of social dividends by the end of the year, Greece's Finance Minister Euclid Tsakalotos said on Tuesday. The Greek minister spoke to national broadcaster ERT saying...

Lagarde and Tsakalotos Agree on Timely Completion of Greek Third Review

Christine Lagarde and Greek Finance Minister Euclid Tsakalotos agreed that a timely completion of the third review of the Greek bailout is essential for discussions on debt restructuring to gather pace. The Managing Director met Tsakalotos at the IMF headquarters...

Greek FinMin Tsakalotos to Meet with IMF Chief Christine Lagarde

Greek Finance Minister Euclid Tsakalotos and his deputy, George Chouliarakis, will meet with the head of the International Monetary Fund, Christine Lagarde on Saturday. The meeting will be held in Washington on the sidelines of the IMF’s annual meeting. The meeting...

Greek FinMin: Nothing will be the Same Without Schaeuble

Greece's Finance Minister Euclid Tsakalotos wrote "Nothing will be the same" on the EU flag, as a farewell note to departing German finance minister Wolfgang Schaeuble, on Monday. Monday's Eurogroup in Luxembourg ended with a sentimental note as Schaeuble participated...

Greek Budget for 2018 Foresees Growth of 2.4%, Primary Surplus of 3.5%

Finance Minister Euclid Tsakalotos is submitting  the draft budget for 2018; which foresees a growth rate of 2.4% and a primary surplus of 3.5% of GDP, to the Greek parliament on Monday. According to reports by the semi-official Athens News Agency...

Greek FinMin Tsakalotos: The Third Review will Conclude on Time

Finance Minister Euclid Tsakalotos referred to the new environment created for the Greek economy, the conclusion of the third review and the country's exit from the crisis in an interview with the Sunday newspaper Nea Selida. Tsakalotos expressed his certainty...

FinMin Tsakalotos: Investments in Greece to Become ‘Too Large to Absorb’

Greek Finance Minister Euclid Tsakalotos predicted that in the next two years Greece would be overwhelmed by foreign investment that could become difficult to absorb. In an interview with private TV station ANT1 on Wednesday evening, Tsakalotos brushed aside concerns...

Tsakalotos: Greece Likely not to Need Precautionary Credit Line After Program Ends

Greece and its creditors believe that the country will not need a precautionary credit line after its aid program is completed in August 2018, Finance Minister Euclid Tsakalotos said on Friday after a meeting of euro zone ministers in...