Campaign: #TheGreekFiles

Mr Draghi, what are you afraid of?

Release #TheGreekFiles!

Join the campaign to demand that the ECB publish the legal opinion it commissioned on whether its closure of Greece’s banks in 2015 was… legal

What is this campaign?

Deep in a vault in the headquarters of the European Central Bank (ECB) lie #TheGreekFiles, a legal opinion about the ECB’s actions towards Greece in 2015 that could send shockwaves across Europe.

As a European taxpayer, you paid for these documents. But the ECB’s boss, ex-Goldman Sachs head Mario Draghi, says you can’t see them.

So former Greek Finance Minister Yanis Varoufakis and MEP Fabio de Masi, together with a broad alliance of politicians and academics (below), have announced they will file a mass freedom of information request to the ECB to uncover #TheGreekFiles once and for all.

If Mario says no, they’ll take the campaign to the next level, and consider all options – including legal action – to make this vital information public.

 

Source: Campaign: #TheGreekFiles

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 #Grexit2017 and the Single Currency Epidemic @yanisvaroufakis  -Greek to me !

An “epidemic” washing over other European countries may see the end of the EU, warned Yanis Varoufakis, Greece’s former finance minister in his interview to be shown by Al Jazeera TV on Sunday February 12.

Go to our Greek to me ! Newsblog Article 

Find More , and that story on our Updated HomePage 

www-greek2m-org-feb-2017

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#Tsakalotos “seals” his letter to “Scrooge” creditors with faithfulness #Greece

 

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Greek Finance Minister officially declared the country’s “adherence”, “compliance” and “faithfulness” to Greece’s creditors by his apology letter sent to promise  that Tsipras’ government will never give any relief to the poorest of the country without the creditors permission.

But before that , he cleverly chose to show his bravery to the Greek audience- and only- ,  reminding …

Go to  Greek to me ! Newsblog article  

 

Find it also on our Christmas 2016 Home Page 

Greek Christmas 2016 by Greek to me !

Greek Christmas 2016 by Greek to me !

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Tsipras, Lagarde agree first program review should not be delayed

Neither Greece, nor the International Monetary Fund (IMF) want to delay the completion of the country’s first program review, Prime Minister Alexis Tsipras and the Fund’s head Christine Lagarde agreed during a meeting in Davos on Thursday.
According to the prime minister’s office, Tsipras and Lagarde agreed that the government and the IMF should have direct communication so that each side has a clear understanding of each other’s position.
The prime minister also briefed Lagarde on the audits conducted by Greek authorities for possible tax evaders who have bank counts abroad, noting it is the first time that there is political will to investigate those cases and not cover them up. Finally, he said the government is hoping to collect a significant part of this money by introducing a legislation of “self-reporting”.

Following the meeting, the IMF issued a press release saying that it stands ready to continue to support Greece in achieving robust economic growth and sustainable public finances through a credible and comprehensive medium-term economic programme, but only if it was granted “significant” debt relief by its European partners.

Earlier, Tsipras said during a panel discussion that solving Europe’s problems required “more Europe”.

“We are doing what we can in order to progress quickly and smoothly with the implementation of the agreement,” he said, and expressed hope that the disagreements and different views that occasionally arose between the three institutions representing the country’s creditors would not be the cause of further delays.

“This is not the time for various ‘exits’, whether these concern ‘Grexit’ or ‘Brexit’, or for divisions, or walls, or differentiations,” the Greek premier continued. “It is a time for more Europe: Common rules, deepening democracy, strengthening solidarity, an increased European budget in order to restrict inequalities, banking union with a European system for guaranteeing deposits,” he added.

According to Tsipras, it was time for Europe to return to its founding principles, which were those of democracy, solidarity and social cohesion.

Addressing issues raised by German Finance Minister Wolfgang Schaeuble, who said the International Monetary Fund’s presence in the Greek programme was essential and compared asking German lawmakers to sanction its removal to “going into a room full of dynamite with a lit candle”, Tsipras made the following comment:

“I too am no supporter of the view that one should attempt to light a candle in a room full of dynamite. Neither, however, do I have the view that on this account one must constantly be in the dark. The best solution is to remove the dynamite from the room and then light the candle.”

ANA-MPA

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#Grexit in a bottle, Yay… “Zum Wohl”, such a #moodhack!

Grexit in a Bottle? Oh...right on time... Zum Wohl! Is it for Greeks?

#Grexit in a bottle, Yay… “Zum Wohl”, such a #moodhack!.

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@yanisvaroufakis publishes on air Greece’s proposals and asks the world to judge them …

Yianis Varoufakis launched on air today on his personal blog Greece’s official proposals to thte last Eurogroup, urging readers to judge themselves “whether the Greek government’s proposals constitute a basis for agreement”, and answering this way to the “malicious leaks” and misinformation as he said, by plain “transparency ” (and it was not the first time the minister hmself, had to write down the Greece’s truth, word by word)

MW-DO422_varouf_20150618143305_ZH

“The key emergency is to secure a dialogue with adults in the room,” International Monetary Fund Managing Director Christine Lagarde said after listening to Greek Finance Minister Yanis Varoufakis expound in Luxembourg on Thursday. “What we lack is a dialogue.”

According to Brussels’ sources, Lagarde introduced herself on the June 18 eurogroup meeting to Varoufakis saying: “the criminal in chief comes to say hello”, referring to Prime Minister’s speech in Parliament couple of days earlier.

Yianis, can't be but a gentleman

Yianis, can’t be but a gentleman

To make the bitter moments Greece is going through on the last days, a bit juicier, enjoy  the most juicy tweet posted on these 24h on Yianis-Chrisitne “love-or-hate affair”

@rpOliveira

@rpOliveira

Yanis Varoufakis

The only antidote to propaganda and malicious ‘leaks’ is transparency. After so much disinformation on my presentation at the Eurogroup of the Greek government’s position, the only response is to post the precise words uttered within. Read them and judge for yourselves whether the Greek government’s proposals constitute a basis for agreement.

View original post 2,912 more words

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Berlin’s DIW president: There will be a political solution (for Greece) at the highest level ~ HellasFrappe

Marcel Fratzscher, president of Berlin's DIW, one of the leading economic research institutes and think tanks in Europe,

Marcel Fratzscher, president of Berlin’s DIW, one of the leading economic research institutes and think tanks in Europe,

Berlin’s DIW president: There will be a political solution (for Greece) at the highest level ~ HellasFrappe.

     “Our proposal is to link the payment of the loans’ interest rates with the growth of the Greek economy. If there is no growth, as is the case right now, Greece will not pay interest rates.
“I am neither a friend nor an opponent of Mr. Varoufakis. I am a friend of the good ideas that improve the situation and that is why I find the proposal correct because the Greek government assumes greater responsibility, the burden of Greece’s debt alleviates and is ensured that at some point in the distant future, when Greece recovers then it will be able to service its debt and interest, while the Greek people will be able to afford the burden of debt. I think that this is a good compromise,” he noted.

Moreover, he expressed the view that there will be a new haircut of the Greek debt. “Even if the issue of a haircut is considered a taboo at the moment in Europe and Germany, I am deeply convinced that there will be another cut. There is no alternative, if not immediately, probably later, when we find that the debt burden is simply too big. A part of the 240 billion euros was used to repay debt and interest rates. Yes, one can say that it did not remain in Greece … I do not know the exact figures, but certainly more than half the debt has been paid to lenders.”

He also estimated that the new government in Greece is an opportunity for a new start. Greece needs a political jolt, a political renewal. Nevertheless, I regret that it did not make good use of this chance … the Greek government rightly argues that we must deal with social injustices, to see how people will ensure minimum living conditions. Its failure is that it has not given a clear message that it wants to renew the country economically and politically. I

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USA stoped talking, said German sources, when asked by Schaule to pay 50blns for #Greece….

While President Barack Obama was exressing  his personal determination for the Greek euro crisis to be solved, on his talks with German Chancellor Angela Merkel  in Bavaria, German sources, as Greek media announced,  leaked the telephone conversation between the Finance Ministers, Wolfganng Schauble and Jack Lew, were the US Finance Minister appeared as “comporomising” with the German to Greece demanding stance , when …”he heard the bill”
As  the correspondent of Mega channel in Berlin revealed, the Mega reported, the dialogue of the two men, according to German sources was as follows:

Jack Lew: Greece has to be supported
Schäuble: Why not let YOU ( the US)  pay 50 bln euros to be saved!
Jack Lew

On this point , of Ja ck Lews not-a-word for an answer, the German sources, the greek report said,  have explained that
    
      “When Money quest  comes at the table, Washington always sets back …”.
“Have you heard a more silencing asnwer than that, what do you say ?”  The ex minister of Health Adonis Georgiadis wrote immediately on his social media  twitter account

11128333_955848017788751_1014432244297891026_n  Άδωνις Γεωργιάδης

16 hrs  Ο απίστευτος διάλογος Σόιμπλε-Λιού για την Ελλάδα – http://t.co/3XccUF81cq αποστομωτική απάντηση Σόιμπλε ή όχι τί λέτε;

On the same concept with the Lew-Schauble leaked dialog, also President Barack Obama was presented on Sunday, June 7, by the Greek media
to be “compromising to Germany’s strict demands for Greece”, on his talks with Merkel in Bavaria, due to this final point: the money asked from the US to be paid for the rescue of Greece
 White House spokesman Josh Earnest told reporters on Sunday that President Obama and Chancellor Merkel discussed Greece in their bilateral meeting ahead of the G7 summit .
 As the White House spokesman said the two leaders agreed that
Greece must reform and return to sustainable long-term growth, with Obama hopeful Athens and its partners can chart that course without causing volatility in financial markets, the spokesman added.

(which is actually what Greece has expressed is its intetnion to be.)

But the Obama-Merckel talk was not the only stressful “frontier” Greece had to face during last weekend

 In a day of secluded talks in the Alpine resort of Schloss Elmau, the biggest drama was provided by a verbal attack on the Greek prime minister, Alexis Tsipras, by the European commission president, Jean-Claude Juncker, the Guardian wrote

President Obama was not the only one, (and not for his first time), that tried to bridge the differences of the two sides on Greek crisis.

Recently,  World’s Top Economists  and Educators by their full scientific credibility -worldwide- and expertise, sent their Appeal to Europe, which, as it was made known, was asking:

“In the Final Hour, a Plea for Economic Sanity and Humanity”

An impressive list of some of the world’s top economists and professors, even a Nobel Laureate included in the list, penned a letter to the Financial Times asking for economic sanity” and “humanity” from Europe, calling the programs the Eurozone is imposing on Greece “demonstrably failed.”

The complete text of the letter follows:

The future of the EU is at stake in the negotiations between Greece and its creditor institutions, now close to a climax. To avoid failure, concessions will be needed from both sides. From the EU, forbearance and finance to promote structural reform and economic recovery, and to preserve the integrity of the Eurozone. From Greece, credible commitment to show that, while it is against austerity, it is in favour of reform and wants to play a positive role in the EU.

In a letter to the FT in January, several of us said: “We believe it is important to distinguish austerity from reforms; to condemn austerity does not entail being anti-reform.” Six months on, we are dismayed that austerity is undermining Syriza’s key reforms, on which EU leaders should surely have been collaborating with the Greek government: most notably to overcome tax evasion and corruption. Austerity drastically reduces revenue from tax reform, and restricts the space for change to make public administration accountable and socially efficient. And the constant concessions required by the government mean that Syriza is in danger of losing political support and thus its ability to carry out a reform programme that will bring Greece out of the crisis. It is wrong to ask Greece to commit itself to an old programme that has demonstrably failed, been rejected by Greek voters, and which large numbers of economists (including ourselves) believe was misguided from the start.

Clearly a revised, longer-term agreement with the creditor institutions is necessary: otherwise default is inevitable, imposing great risks on the economies of Europe and the world, and even for the European project that the eurozone was supposed to strengthen.

Syriza is the only hope for legitimacy in Greece. Failure to reach a compromise would undermine democracy in and result in much more radical and dysfunctional challenges, fundamentally hostile to the EU.

Consider, on the other hand, a rapid move to a positive programme for recovery in Greece (and in the EU as a whole), using the massive financial strength of the Eurozone to promote investment, rescuing young Europeans from mass unemployment with measures that would increase employment today and growth in the future. This could both transform the economic performance of the EU and make it once more a source of pride for European citizens.

“How Greece is treated will send a message to all its eurozone partners. Like the Marshall plan, let it be one of hope not despair.”

Prof Joseph Stiglitz
Columbia University; Nobel Prize winner of Economics

Prof Thomas Piketty
Paris School of Economics

Massimo D’Alema
Former prime minister of Italy; president of FEPS (Foundation of European Progressive Studies)

Prof Stephany Griffith-Jones
IPD Columbia University

Prof Mary Kaldor
London School of Economics

Hilary Wainwright
Transnational Institute, Amsterdam

Prof Marcus Miller
Warwick University

Prof John Grahl
Middlesex University, London

Michael Burke
Economists Against Austerity

Prof Panicos Demetriadis
University of Leicester

Prof Trevor Evans
Berlin School of Economics and Law

Prof Jamie Galbraith
Dept of Government, University of Texas

Prof Gustav A Horn
Macroeconomic Policy Institute (IMK)

Prof Andras Inotai
Emeritus and former Director, Institute for World Economics, Budapest

Sir Richard Jolly
Honorary Professor, IDS, Sussex University

Prof Inge Kaul
Adjunct professor, Hertie School of Governance, Berlin

Neil MacKinnon
VTB Capital

Prof Jacques Mazier
University of Paris

Dr Robin Murray
London School of Economics

Prof Jose Antonio Ocampo
Columbia University

Prof Dominique Plihon
University of Paris

Avinash Persaud
Peterson Institute for International Economics

Prof Mario Pianta
University of Urbino

Helmut Reisen
Shifting Wealth Consultancy

Dr Ernst Stetter
Secretary General, FEPS (Foundation fro European Progressive Studies)

Prof Simon Wren-Lewis
Merton College Oxford

“They believed that by cutting wages and accepting other austerity measures, Greek exports would increase and the economy would quickly return to growth,” Stiglitz said last week. “They also believed that the first restructuring would lead to debt sustainability. The troika’s forecasts have been wrong.”

The current proposals repeat the same mistake,

the Guardian article on June 7 underlined

Tsipras and his finance minister, Yanis Varoufakis, may specialise in needling their creditors, but the troika also need to take into account the fact that Syriza has formed a legitimate, democratically elected government and cannot be told that its electoral programme is irrelevant.

So Lagarde and European commission president Jean-Claude Juncker must be the ones to table further compromises.

Neither was in charge when the first Greek bailout set all sides on the current disastrous path, the gurdian underlined, concluding that

They should explain to Ireland and Portugal, also suffering austerity, that Greece is too weak to survive more bloodletting.

G7

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