European Creditors
Economy
Guardian: 'It Could Take 100 Years to Raise 50bn' – A Plan Destined to Fail
The British Guardian recently published an article about the new 50-billion-euro fund that will be set up to arrange privatizations in Greece. However, the reporters, Jennifer Ranking and Helena Smith, do not appear optimistic, about the plan, since they...
Economy
Cypriot Elderly Man Donates His Pension to Greece
An elderly Greek-Cypriot decided to teach a lesson of generosity to Europe. According to Huffington Post, Onoufrios Michaelides took it upon himself to help his fellow pensioners in Greece, after watching Greeks line up outside banks to withdraw part...
Economy
Luxembourg FinMin: 'Greek Debt Haircut Not a Taboo'
Luxembourg Finance Minister Pierre Gramegna noted that the Eurozone governments may consider writing off part of Greece’s debt, but then the country would have to commit to a new reform package.
“A haircut is not taboo for Luxembourg in the...