Greece replaces Finance Minister Varoufakis as lead in debt talks
Published on Russia Today RT, April 28, 2015 [video 3.09 min].
The Greek government has given Financial Relations Minister Euclid Tsakalotos the lead in negotiating with international creditors. The Syriza-led coalition says the team headed by Finance Minister Yanis Varoufakis has failed to produce results.
The Athens government announced the decision on Monday.
Tsakalotos will represent Greece at the next Eurogroup meeting of finance ministers on May 11, a landmark date for Greece as the government has to persuade the Troika of lenders –the EU, ECB and IMF to release new funds. It is hoped the economics professor will take a more active face-to-face role in negotiations with Greek creditors … //
… By sidelining Varoufakis from negotiations with European creditors, Syriza is calming down its anti-austerity stance, James Meadway, senior economist at New Economic Foundation, told RT.
“What this reshuffle suggests, when you have Euclid Tsakalotos taking more of a role in the negotiations – he’s very pro-European, very pro-euro – it suggests the Greek government is inching away from its hard-line austerity position,” he said.
Greece needs to get about €7.2 billion from Europe to pay outstanding debt. Should Athens fail to get the money, the country could default in May. This could force the country to leave the euro, which could then create a domino effect across Europe.
(full text).
My comment about:
- have no pitty with this society running only for money, this structure no more deserves your services;
- have no pitty with an elite accepting any pressure/blackmailing to serve money instead of people’s need;
- never expect from any government helping you in your austerity struggle, they are too much blackmailed by the Money Power
- we must change all this by ourselves – Heidi;
Related Links – two economic view-points:
- Debt Crisis: Greek President Promises Repayment of all Debt, on Spiegel Online International, Giorgos Christides, David Böcking and Roland Nelles in Athens, April 27, 2015:
- In comments made to SPIEGEL ONLINE, new Greek President Prokopis Pavlopoulos categorically rules out his country exiting the euro zone and supports calls for German reparations payments in connection with Nazi war crimes;
- The James Dean Movie That Explains the Greek Debt Negotiations, on New York Times NYT, by Neil Irwin, April 28, 2015;
versus
- Yanis Varoufakis speech and Q&A at Ambrosetti Forum, 22.30 min, uploaded by AlphaX News, March 15, 2015: at Abrosetti Forum;
- Book by Yanis Varoufakis: The Global Minotaur, America, Europe and the Future of the Global Economy, 57.26 min, uploaded by SkriptaTV, Feb 12, 2015;
- The Entire Fiat Money System is Bankrupt, on Economy and Society, Nov 9, 2013;
- or more radical: Plan B, in english.pdf;
- and what would be a real change, but needing awaken humans, not this money begging crowd: stupid … I cannot let these questions, on Economy and Society, Sept 23, 2013;
… and after all that, how they sold us their market:
- Macroeconomic Imbalance Procedure, on ec.europa.eu, March 10, 2015;
- How the Stock Market Works (Investment Accounts (1952)): Investing in American Business Explained, 10.52 min, uploaded by The Film Archives, April 22, 2014;
- again: Who does control the world: on YouTube-search; on Google Web-search; on Google Images-search;
See also on en.wikipedia:
(actual) Government of Greece:
- Prime Minister of Greece Alexis Tsipras;
- Finance minister of Greece Yanis Varoufakis;
- Chief Economics Spokesman Euclid Tsakalotos;
- Greek President Prokopis Pavlopoulos;
[ UPDATE May 2:
The Greek debt crisis is Greece (the country) versus the Troika (First Economic Adjustment Programme for Greece);
The troika is the International Monetary Fund IMF, the European Union EU (European Commission) and - in english: the European Central Bank ECB, resp. in german: die Europäische Zentralbank EZB, resp. in french: la Banque centrale européenne BCE); ]
Other Links:
Spying Close to Home, German Intelligence Under Fire for NSA Cooperation, on Spiegel Online International, April 24, 2015: US intelligence spent years spying on European targets from a secretive base. Now, it seems that German intelligence was aware of the espionage – and did nothing to stop it (SPIEGEL HafenCity Headquarters on Google Images-search);
on KASHMIR and IDPs, by K.N. Pandita:
- It is a break-through, April 30, 2015;
- Coalition with a difference, April 29, 2015;
- Departure of the native, April 17, 2015;
- Letter to the Editor – Masarat Alam’s release, March 9, 2015;
- Towards a deal at last, March 1, 2015;
- J&K: the political freeze, Feb 22, 2015;
- Kashmiri Pandits, a Moment of Introspection, Feb 20, 2015;
- Towards PDP-BJP coalition, Feb 12, 2015;
- An insight into Hurriyat, Feb 9, 2015;
on Geopolitical Analysis, by K.N. Pandita:
- Incoherent diplomacy, March 24, 2015;
- Do Taliban threaten us? Feb 24, 2015;
- India, the Emerging Power, Feb 5, 2015;
- Global anti-terror strategy, Jan 28, 2015.