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Tsakalotos

New Book Reveals How Grexit Was About to Become Reality in 2015

A new book published on Thursday about the history of the European Stability Mechanism (ESM) reveals new details of how Greece's exit from the Eurozone was on the table for negotiations in 2015. Perhaps most surprisingly, this was the...

More International Scrutiny for Greece

As eurozone finance ministers prepare to meet on Friday, Greece is expecting international creditors to inspect the country more often after its bailout ends in August. In comments to the U.K.'s Financial Times on Thursday, Greek Finance Minister Euclid Tsakalotos...

Debt Talks Begin With Bailout Creditors: 9 Days for a Deal

The first meeting between Greek government delegates and Greece's bailout creditors from the EU and the IMF took place on Tuesday to discuss the reforms and cutbacks that creditors have demanded.  Energy Minister George Stathakis participated in the talks despite the fact that he has...

Greek Ministers Discuss Budget Targets With Creditors

Targets of the Greek budget for 2017 were discussed at the meeting between Finance Minister Euclid Tsakalotos, Alternate Finance Minister George Chouliarakis and the institutions representing Greece's creditors on Monday. The talks focused on a number of issues: * The...

Greek FinMin-ESM Chief Discuss Future Measures for Greece in Luxembourg Meeting

Greek Finance Minister Euclid Tsakalotos met with European Stability Mechanism (ESM) Chief Klaus Regling in Luxembourg on Wednesday. The meeting, which focused on short-term and long-term measures for Greece, took place in a cordial climate. Tsakalotos briefed Regling on the bill that...

Greece's Creditors Reject Irreversible Fund But Work on Incentives to Legalize Hidden Assets

The first week of talks between Greece and creditors failed to prefer concrete results. The government's efforts for the creation of a "special irreversible bank account" have been futile after representatives of Greece's creditors (European Commission, European Central Bank,...

Euclid Tsakalotos Against ECOFIN Decisions for Portugal and Spain

The ECOFIN decided on Tuesday to launch excessive deficit procedures for Portugal and Spain. Greece's Finance Minister Euclid Tsakalotos argued against the decisions, but did not have sufficient backing to block the procedures against both countries, that Tsakalotos notes...

Jean-Claude Juncker: Greece Has Achieved Reform Goals, Time for Debt Relief

European Commission President Jean-Claude Juncker said that Greece has "basically achieved" the objectives of the reforms required by its eurozone partners and international creditors. During an interview published in the German newspaper Funke Mediengruppe on Sunday, he said the...

Most Likely Greece's Next Finance Minister

After Yanis Varoufakis' resignation, Greek negotiations team member Euclid Tsakalotos is the most likely person rumored to become Greece's next Greek finance minister. According to Greek government sources Tsakalotos is expected to take over today after an emergency Greek party leaders...

A Test for Samaras as Greece Closes Down

Greek Prime Minister Antonis Samaras’ uneasy coalition government faces its toughest test this week when a $17.45 billion spending cut and tax hike plan aimed squarely at workers, pensioners and the poor goes to Parliament for a vote on...