Tag: Greece

NOVANEWS Adelina Marini Commission Puts on Rose Coloured Glasses to the European Semester EU Matures to the Need to Deal with Non-Performing Loans at the European Level From Sintra to September - ECB Prepares for a Possible Change in Monetary Policy A very important piece of news has passed almost unnoticed last week among crucial for the EU issues, like the situation with the rule of law in Poland, the election in Germany and what ruling coalition will be formed at a time when the eurozone is ready to make a giant leap forward in its integration, the going nowhere Brexit negotiations and the accelerated legislative activity of the European Commission. But the most important news last week was that Greece has exited the excessive deficit procedure, thus getting another step closer to ...

NOVANEWS Adelina Marini European Semester Shows EU in the Eye of the Storm Margarida Marques: Respecting the Rules Will Save the EU The Crisis Is Over. Prepare the Ground for the Next One Will Greece manage to complete its bailout programme this time? This is the question that is hovering in the air after on April 7 the Eurogroup agreed in principle on the fiscal and reformist path of Greece after the programme expires next year. Since February, the Greek news from the meetings of finance ministers of the euro area have been creating expectations that this time there might be a breakthrough, after last autumn's stall of the implementation of the third rescue programme, agreed on in August 2015 to an amount of 86 billion euro. Details on what was agreed on last Friday are scarce as t...

NOVANEWS By Peter Koenig   Dearest and Esteemed People of Greece, You are being slaughtered right in front of the world’s eyes and nobody says beep. Least the Greek elite. Your Government. A few, but a few too many, allow the slaughter because it doesn’t concern them. They are blinded by the false glamour of the euro and of belonging to the ‘elite class’ of the noble Europeans (sic!). They apparently live well enough, including the caviar socialists of Syriza. They let their country bleed to death literally, morally, socially and psychologically. Medical care is no longer available or privatized and unaffordable. Pensions were reduced five times. They were never more than a survival kit. By now they have been slashed in some cases by over 50%. Hordes of people live on food hand...