Yiannis Dragasakis

Cabinet Briefing on Eurogroup Developments Ends in Agreement

Greek Prime Minister Alexis Tsipras expressed on Friday his optimism for the outcome of the negotiations between the Greek government and the country’s international creditors, at a cabinet meeting that was held late on Friday. During the 5-hour meeting, that...

Eurogroup Backstage: The Official Statement that Never Was

The Greek government vetoed the joint statement of euro zone finance ministers after Wednesday's inconclusive talks on Greece's bailout in Brussels, according to a Financial Times report. According to officials involved in the talks, Greek Finance Minister Yanis Varoufakis had...

U.S. Ambassador to PM: Greece Must Work with EU Colleagues, IMF

In meetings with Greek Prime Minister Alexis Tsipras and members of the Greek government, U.S. Ambassador to Greece David D. Pearce said the United States "believes that it is very important for the Greek government to work cooperatively with...

Greek Gov't Will Not Appoint Party Members to Run Banks

The new Greek government will not take any actions to hurt the share values of banks and will not appoint party members at key management positions, the government's spokesperson said on Monday. "We will not do anything that would hurt...

Greece May Reach Agreement with Creditors Very Soon, Gov't VP Says

A political agreement with Greece 's international lenders may be reached very soon, Greek Government Vice-President Yiannis Dragasakis said on Sunday night, speaking to private television station Mega. A political agreement will render the request for a technical extension of...

Greek Banks Rebound After Yesterday's Plunge

Major Greek banks rebounded today after yesterday's almost catastrophic sell-offs. Greek bank stocks rebounded as the new government made an effort to downplay the prospect of an imminent standoff with Greece's EU/IMF creditors. Ministers of Greece's new anti-bailout cabinet led by...

SYRIZA Economist: Greece Cannot Recover Without Debt Cut

Greece can never rebound without a generous debt haircut, said Yiannis Dragasakis, SYRIZA's chief economist. Speaking to Agence France-Presse ahead of Sunday's general elections Greece, Dragasakis said that despite what Greece's creditors say, a debt cut is absolutely necessary in...

Tsipras Tells ECB's Draghi Greece Needs Debt Cut

The head of Greece's major opposition Coalition of the Radical Left (SYRIZA) party Alexis Tsipras told European Central Bank President Mario Draghi the country can't afford to pay back what it owes international lenders - including the bank. Tsipras said...

Anxious Tsipras Says He'll Keep The Euro

Greece's main opposition Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras is fending off criticism that he would take Greece out of the eurozone if he were to come to power, as he tries to keep the reins on his...

Samaras Survives Censure Vote in Greek Parliament

As expected, as the government controls a bare majority of Parliament, Greek Prime Minister Antonis Samaras' Conservative-led coalition government won't have to face the prospect of new elections after lawmakers, by a margin of 153-124 voted against a motion...