Yanis Varoufakis has been appointed as Greece's new finance minister. He advocates renegotiating Greece's debt obligations in a way that benefits both Greek and European taxpayers, while keeping Greece in the eurozone. Media profiles of Varoufakis depict him as an economist committed to the euro project but critical of austerity policies, pledging to change the game in debt negotiations. Initial discussions between Varoufakis and the head of the Eurogroup suggest they want constructive dialogue, though tensions remain over Greece's demands.
Greece's crisis deepens as fast as its debt. 2011 budget execution is terrible with tax receipts well below plans, and there is no way Greece will get out the crisis without defaulting on its debt obligations one way or an other (the latest idea is to call it "reprofiling"!) .
20 popular fallacies concerning the debt crisisPim Piepers
What is the crisis? False descriptions of the situation 3
1. «Greece has too much debts» 3
2. «The financial markets are scared that Greece will go bankrupt» 4
How did the crisis come about?
Inaccurate research into the causes 5
3. «The Greeks are lazy» 5
4. «The Greeks are constantly on holiday» 6
5. «We are paying luxury pensions to the Greeks»9 6
6. «The Greeks have been feathering their own nest well» 7
7. «The Greeks have been living above their means» 8
8. «The Greek state is over-inflated» 9
9. «Greece is not competitive» 9
10. «The Greeks are corrupt» 10
The way forward? False solutions 12
11. «The Greeks should start saving before we help them again» 12
12. «Sell your islands you bankrupt Greeks!»29 13
13. «The creditors should foot the bill!» 14
14. «Greece should get out of the Eurozone» 15
15. «Greece has to win back the trust of the financial markets» 16
The role of the Germans: False friends 17
16. «We want to be friends with the Greeks»35 17
17. «You should help your friends – but not bail them out» 17
18. «No German tax euros for Greece!»37 18
19. «We are the paymasters of Europe»40 19
One last comment 20
20. «Greece cheated its way into the Eurozone –
‹We are now paying the price for our indulgence›»42 20
It can be said that the capitulation of the Greek government is a gigantic wear to the far left in Europe and in the world and that only uncompromising believers will get serious again any party of the extreme left which has the campaign platform to face the international financial capital. Syriza repeat failure of the leftist parties in the world, including Brazil with Lula and Dilma Rousseff governments which submitted to the dictates of finance capital. This was a victory of great importance for the European Union because sagged Tsipras who was elected on the promise to oppose the austerity programs imposed by the Troika to the Greek government.
The banking crisis in Europe is deep-rooted and will not be solved before toxic assets are written down. In addition, austerity measures will slow down growth which is much needed to alleviate bank's problems.
Money Deficits and Inflation Evidence and Policy Issues of Euro Zone during D...paperpublications3
Abstract: An important lesson from the euro area sovereign debt crisis is that the need for sound economic policies does not end once a country has adopted the euro. There are no automatic mechanisms to ensure that the process of nominal convergence which occurs before adoption of the euro produces sustainable real convergence there after. The global financial crisis that started in 2008 has showed that some countries participating in Economic and Monetary Union (EMU) had severe weaknesses in their structural and institutional set-up. This has resulted in a large and protracted fall in real per capita income levels in these countries since 2008. While there has been real convergence in the European Union (EU) as a whole since 1999 owing to the catching up of central and eastern European (CEE) economies, there has been no process of real convergence among the 12 countries that adopted the euro in 1999 and 2001. This lack of convergence is related to several factors, notably weak institutions, structural rigidities, weak productivity growth and in sufficient policies to address asset price booms. Against this background, several factors appear crucial for ensuring real convergence in EMU: macroeconomic stability, and sound fiscal policy in particular; a high degree of flexibility in product and labor markets; favorable conditions for an efficient use of capital and labor in the economy, supporting total factor productivity (TFP) growth; economic integration within the euro area; and a more active use of national policy tools to prevent asset price and credit boom-bust cycles.
Keywords: Money Deficits, Inflation, Policy, Euro Zone,Sustainability, Monetary Policy, Investments.
Jel codes: H62, H68, H6, E41, E42
Title: Money Deficits and Inflation Evidence and Policy Issues of Euro Zone during Debt Crisis
Author: Dr. Stamatis Kontsas
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
By providing over $55 billion in timely fiscal stimulus, Croatia's Economic Action Plan made important investments that will contribute to Croatia's long-term economic prosperity while supporting those most affected by the global recession. Taxes have been reduced for Croatian families and job-creating businesses; EI benefits were enhanced for the unemployed; thousands of infrastructure projects were completed across the country; significant support was provided for science and technology, industries and communities; and extraordinary actions were taken to improve access to financing. The implementation of the stimulus phase of the Economic Action Plan was timely and completed as planned. The Government carefully designed and managed the stimulus to ensure the sound stewardship of taxpayer funds. - See more at: As you may or may not know, I have recently become extremely passionate about a new tool I've found to help with high vibrational living. What is high vibrational living? Well, in a meditation I learned that my duty here on Earth was to teach High Vibrational Living... But I didn't exactly know what that was. I did know that it included the channeled messages that I've been creating... But I felt like it also included more than that. Great health and physical vitality are definitely a part of high vibrational living. Freedom of time and abundance are also part of high vibrational living. So, I have continued to follow my intuition which has lead me to this great opportunity that allows you and I to work together so we can both create high vibrational lives together. To learn about this tool that I'm absolutely in love with, click here: www.hssd.hr
http://www.vijesti.hssd.hr/
P.S Download programs and interest and benefits
Greece's crisis deepens as fast as its debt. 2011 budget execution is terrible with tax receipts well below plans, and there is no way Greece will get out the crisis without defaulting on its debt obligations one way or an other (the latest idea is to call it "reprofiling"!) .
20 popular fallacies concerning the debt crisisPim Piepers
What is the crisis? False descriptions of the situation 3
1. «Greece has too much debts» 3
2. «The financial markets are scared that Greece will go bankrupt» 4
How did the crisis come about?
Inaccurate research into the causes 5
3. «The Greeks are lazy» 5
4. «The Greeks are constantly on holiday» 6
5. «We are paying luxury pensions to the Greeks»9 6
6. «The Greeks have been feathering their own nest well» 7
7. «The Greeks have been living above their means» 8
8. «The Greek state is over-inflated» 9
9. «Greece is not competitive» 9
10. «The Greeks are corrupt» 10
The way forward? False solutions 12
11. «The Greeks should start saving before we help them again» 12
12. «Sell your islands you bankrupt Greeks!»29 13
13. «The creditors should foot the bill!» 14
14. «Greece should get out of the Eurozone» 15
15. «Greece has to win back the trust of the financial markets» 16
The role of the Germans: False friends 17
16. «We want to be friends with the Greeks»35 17
17. «You should help your friends – but not bail them out» 17
18. «No German tax euros for Greece!»37 18
19. «We are the paymasters of Europe»40 19
One last comment 20
20. «Greece cheated its way into the Eurozone –
‹We are now paying the price for our indulgence›»42 20
It can be said that the capitulation of the Greek government is a gigantic wear to the far left in Europe and in the world and that only uncompromising believers will get serious again any party of the extreme left which has the campaign platform to face the international financial capital. Syriza repeat failure of the leftist parties in the world, including Brazil with Lula and Dilma Rousseff governments which submitted to the dictates of finance capital. This was a victory of great importance for the European Union because sagged Tsipras who was elected on the promise to oppose the austerity programs imposed by the Troika to the Greek government.
The banking crisis in Europe is deep-rooted and will not be solved before toxic assets are written down. In addition, austerity measures will slow down growth which is much needed to alleviate bank's problems.
Money Deficits and Inflation Evidence and Policy Issues of Euro Zone during D...paperpublications3
Abstract: An important lesson from the euro area sovereign debt crisis is that the need for sound economic policies does not end once a country has adopted the euro. There are no automatic mechanisms to ensure that the process of nominal convergence which occurs before adoption of the euro produces sustainable real convergence there after. The global financial crisis that started in 2008 has showed that some countries participating in Economic and Monetary Union (EMU) had severe weaknesses in their structural and institutional set-up. This has resulted in a large and protracted fall in real per capita income levels in these countries since 2008. While there has been real convergence in the European Union (EU) as a whole since 1999 owing to the catching up of central and eastern European (CEE) economies, there has been no process of real convergence among the 12 countries that adopted the euro in 1999 and 2001. This lack of convergence is related to several factors, notably weak institutions, structural rigidities, weak productivity growth and in sufficient policies to address asset price booms. Against this background, several factors appear crucial for ensuring real convergence in EMU: macroeconomic stability, and sound fiscal policy in particular; a high degree of flexibility in product and labor markets; favorable conditions for an efficient use of capital and labor in the economy, supporting total factor productivity (TFP) growth; economic integration within the euro area; and a more active use of national policy tools to prevent asset price and credit boom-bust cycles.
Keywords: Money Deficits, Inflation, Policy, Euro Zone,Sustainability, Monetary Policy, Investments.
Jel codes: H62, H68, H6, E41, E42
Title: Money Deficits and Inflation Evidence and Policy Issues of Euro Zone during Debt Crisis
Author: Dr. Stamatis Kontsas
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
By providing over $55 billion in timely fiscal stimulus, Croatia's Economic Action Plan made important investments that will contribute to Croatia's long-term economic prosperity while supporting those most affected by the global recession. Taxes have been reduced for Croatian families and job-creating businesses; EI benefits were enhanced for the unemployed; thousands of infrastructure projects were completed across the country; significant support was provided for science and technology, industries and communities; and extraordinary actions were taken to improve access to financing. The implementation of the stimulus phase of the Economic Action Plan was timely and completed as planned. The Government carefully designed and managed the stimulus to ensure the sound stewardship of taxpayer funds. - See more at: As you may or may not know, I have recently become extremely passionate about a new tool I've found to help with high vibrational living. What is high vibrational living? Well, in a meditation I learned that my duty here on Earth was to teach High Vibrational Living... But I didn't exactly know what that was. I did know that it included the channeled messages that I've been creating... But I felt like it also included more than that. Great health and physical vitality are definitely a part of high vibrational living. Freedom of time and abundance are also part of high vibrational living. So, I have continued to follow my intuition which has lead me to this great opportunity that allows you and I to work together so we can both create high vibrational lives together. To learn about this tool that I'm absolutely in love with, click here: www.hssd.hr
http://www.vijesti.hssd.hr/
P.S Download programs and interest and benefits
Calculating risk-adjusted NPV (eNPV) - The right wayRichard Bayney
Far too many risk-adjusted NPV calculations are flawed because they combine aggregate risk with NPV. Instead, use a simple Decision Tree to combine phase-specific risk and cash flow to create a technically correct eNPV.
Greek elections: anger overcame fear, but is there hope?FTI Consulting FR
Now that Syriza has formed a government which has already made some statements on its legislative agenda, there is now a little more clarity on the road forward, and it’s of little comfort to many across Europe and in the troika. Tsipras has just criticised the EU for its stance on Russia, has put the brake on the bailout privatisation agenda, and has nominated colleagues on the farther fringes of his party to critical portfolios such as energy. In this second snapshot on the Greek elections FTI Consulting Brussels’s Constantine Levoyannis and our leading PA experts in Berlin, Istanbul, London and Paris explore the political ramifications of the election outcome in some of the EU’s major capitals and what we can expect from Greece’s fledgling government.
The eurozone is increasingly becoming a one for each and none for all zone which is understandable from the point of view of virtous Europe. Finland is firing the first shot with a private bi-lateral agreement with Greece to guarantee its share in the Greek bailout n°2. The meeting between Sarkozy and Merkel was a farce aimed at their own internal political corners and the banking sector is getting really shattered today.
Calculating risk-adjusted NPV (eNPV) - The right wayRichard Bayney
Far too many risk-adjusted NPV calculations are flawed because they combine aggregate risk with NPV. Instead, use a simple Decision Tree to combine phase-specific risk and cash flow to create a technically correct eNPV.
Greek elections: anger overcame fear, but is there hope?FTI Consulting FR
Now that Syriza has formed a government which has already made some statements on its legislative agenda, there is now a little more clarity on the road forward, and it’s of little comfort to many across Europe and in the troika. Tsipras has just criticised the EU for its stance on Russia, has put the brake on the bailout privatisation agenda, and has nominated colleagues on the farther fringes of his party to critical portfolios such as energy. In this second snapshot on the Greek elections FTI Consulting Brussels’s Constantine Levoyannis and our leading PA experts in Berlin, Istanbul, London and Paris explore the political ramifications of the election outcome in some of the EU’s major capitals and what we can expect from Greece’s fledgling government.
The eurozone is increasingly becoming a one for each and none for all zone which is understandable from the point of view of virtous Europe. Finland is firing the first shot with a private bi-lateral agreement with Greece to guarantee its share in the Greek bailout n°2. The meeting between Sarkozy and Merkel was a farce aimed at their own internal political corners and the banking sector is getting really shattered today.
The European Union (EU) is a political and economic union of 28 member countries.
Its stated goals are to promote peace, freedom, and justice. It will also enhance economic, social and territorial cohesion, while also respecting everyone's rich culture and diversity.
Reality is a different story.
The EU is a bully.
Its short history is littered with continuous, venomous, and contradicting actions against many of its 28 member countries - and all to the benefit of those in Brussels.
It has been documented, that bullies only respond to strength. And today across the EU - the victims of the bullies in Brussels are fighting back.
The political establishments are quickly losing power.
The tide has turned, and it will have a profound effect on the EU, the Eurozone and global financial markets.
Every major shift in economics, politics and social environments creates significant investment opportunities.
This time will be no different.
Ireland, PIGS and the eurozone here we areMarkets Beyond
After Greece, Ireland; this now going beyond the means of Europe if Spain and Portugal need to be bailed out. Loans extended to these countries do not solve the root of the problems and the sooner organized negotiations are triggered with creditors rescheduled sovereign debt an,d take an haircut, the better: there is not other way out.
1. Yanis Varoufakis advocates a solution that is beneficial for average Greek and European taxpayers,
dismissing the idea of a "Grexit". He is widely quoted saying that Greece has no intention of clashing
with its partners. Greek media is extremely cautious regarding the results of the negotiations, quoting
several EU officials (President Dijsselbloem and VP Katainen, among others) stressing time and again
that there are terms and conditions to the EU supporting Greece. Profiles of Mr Varoufakis depict him
as a man of the left, committed to the euro project and aware of his country's difficulties. However, he
is very outspoken when describing the eurozone economic policies and their effect on Greece, but
also on countries like Spain and Ireland. He believes in a New Deal and pledges to change the game
not only in Greece, but also in Europe.
Perception of new finance minister in the media
Reporting on the composition of the new Greek cabinet, most papers focus on the appointment of
Yanis Varoufakis, "an outspoken bailout critic" (The WSJ), as finance minister. Several papers quote
Mr Varoufakis describing European-imposed austerity as "fiscal waterboarding" (The WSJ, The INYT,
The Times, The Guardian, FAZ, among others). For the WSJ, his appointment signals that the new
government aims to take a tough line in upcoming debt negotiations. The Times adds that EU officials
were clinging to his statements that he wanted Greece to remain in the euro and hope he will
compromise on a deal but are concerned by his lack of experience.
Quoting him telling La Tribune that "whatever Germany says, it will still have to pay in the end", the
FAZ also quotes some German reactions. AfD leader Lucke responded that "it must be a joke, but it's
probably true". The FT says that Mr Varoufakis claims Greece should never have opted for
membership of the euro but should now stay the course, provided the debt can be renegotiated. A
cabinet colleague is quoted saying that he "will be a formidable opponent at the negotiating table for
the troika".
Reporting from the Greek government's first cabinet meeting, The Independent writes that they "got
down to business, spooking markets and raising eyebrows across Europe by cancelling bailout
policies". Mr Varoufakis, the paper reports, "remained optimistic he would find common ground" during
his negotiations, while Mr Dijsselbloem cautioned "deliberations with the EU won't be easy".
Kathimerini reports that PM Tsipras tried to "strike a balanced tone" in his first cabinet address. "We do
not plan to head into a mutually catastrophic clash but we will not continue the disastrous policy of
submission". FinMin Varoufakis initially appeared to strike a harder tone than Tsipras, describing
Greece’s memorandums as “a toxic mistake”, Kathimerini reports. He pledged to reduce costs at the
Finance Ministry by reducing the number of advisers and to rehire hundreds of sacked cleaning staff.
Deputy PM Dragasakis, who is to oversee the enforcement of economic policy and talks with the troika,
said the government was seeking “neither to clash, nor to compromise” with creditors and that it would
present its own program. “The memorandum has expired for us,” he said, as quoted by Kathimerini.
Mr Varoufakis is quoted by AFP saying yesterday that he wants a "pan-European New Deal" and not a
duel between Greece and Europe. In what the news agency sees as a conciliatory gesture towards his
country's European partners, he said that Europe proved that it can find solutions and noted the
"excellent climate" during his first phone conversation with Mr Dijsselbloem.
However, his appeasement tone had no reverberation in the Greek media, as most of them report
today that there are increasing signs that there will be a huge confrontation between the EU and the
new Greek government. Mr Dijsselbloem is widely quoted today in the Greek media stressing again
which are the terms for Europe to continue supporting Greece. Naftemporiki comments that Mr
2. Dijsselbloem is expected to ask from PM Tsipras and FinMin Varoufakis not to proceed with unilateral
actions before the beginning of the negotiations. Greek media is rather sombre when reporting that the
Commissioners thoroughly discussed the Greek situation yesterday. VP Katainen is widely quoted
saying at the press conference following the discussions that Greece needs to stick by its
commitments. Naftemporiki comments that it is evident from Mr Katainen’s statements that the EU
officials begin to publish their “red lines”. Efimerida ton Syntakton accuses Mr Katainen of being a
"pawn" of Chancellor Merkel and President Juncker, who use him to put pressure on the Greek
government.
Perception of PEG visit to Athens in the media
Virtually all Greek media report that PM Tsipras and FinMin Varoufakis will meet Mr Dijsselbloem on
Friday, with several media reporting that this is not expected to be a negotiation meeting. Naftemporiki
comments that it is the first time that Mr Dijsselbloem visits a euro area country for consultations,
commenting that this shows that the European officials and partners want a solution to be found
quickly. The Guardian quotes Mr Dijsselbloem saying that he had a 15-minute conversation with the
new FinMin and expressing his willingness to work together with the coalition. Mr Dijsselbloem added
that the new Greek minister had been "very adamant" his country would stay in the eurozone. Although
no details were discussed in the initial conversation, the Eurogroup leader said it had been a good
start, the paper reports.
Kathimerini reports that Mr Varoufakis said he and Mr Dijsselbloem had found “common ground”
regarding the way forward toward an agreement with creditors. According to Mr Varoufakis, they
agreed to “deconstruct” scenarios casting the talks as “a Far West-type duel.”
Liberation quotes him saying in preparation to Mr Dijsselbloem's visit to Athens: "Even those who didn't
want Syriza in power now recognise that there is, however, with us, the opportunity of a new start in
Europe".
Minister Schäuble is quoted by the FAZ commenting on the upcoming visit that Mr Dijsselbloem "has
no mandate from the Eurogroup, and he doesn't need one".
Media profiles of Yanis Varoufakis
Most profiles summarise the fact that Mr Varoufakis is a university economics professor, a prolific
blogger ("a bombastic blogger", the FT calls him) who also has a successful Twitter account, the author
of a book and former economist-in-residence for a US company who was also an adviser to former PM
Papandreou.
The Irish Times depicts Mr Varoufakis as someone who "defies the stereotype" and as an “accidental
economist” who is described as being influenced by Keynes, with some traces of Marx. The paper adds
that he has repeatedly criticised a “self-reinforcing crisis that produces indignity in Greece and feeds
Europe’s darkest forces”. He is also quoted saying that Greece and Ireland ended up paying the price
for the fact that Europe was not prepared for the financial crisis. In recent declarations, the paper adds,
he has "struck a moderate note", saying that he is interested in finding a deal "that would be beneficial
for average Greek and European taxpayers".
The Guardian writes that the new Greek FinMin "is expected to adopt a constructive approach to tough
debt negotiations" and The Daily Telegraph writes that "Greece's finance minister is no extremist" and
calls him "obviously a man of the left and one committed to the euro project". There is no question that
Mr Varoufakis has an awareness of Greece’s precarious situation, The Telegraph writes, explaining:
speaking to Bloomberg TV after Syriza’s win, he made it clear that there was "a deep sense ... of fear
of what's coming ahead".
El Mundo has spoken to Mr Varoufakis and quotes him warning that he will "change the rules that have
governed the game until now". In the interview, Mr Varoufakis dismisses the idea that the Greek
economy is back on growth and he warns that Spain could be the next victim of a similar humanitarian
crisis. "The crisis is exactly the same in Spain, Greece, Ireland… it is the result of the wrong design of
the eurozone", he says. He also strongly condemns the measures taken to save Greece from
bankruptcy, explicitly calling them "a criminal act". "It was an exercise of cynicism and absolute anti-
Europeanism to save the banks at the expense of the citizens", he says. "We will form a government
that will say stop, not only for ourselves, but for the whole of Europe too", he says, adding that Syriza is
Europe's last chance as it's being challenged by neonazis or the FN. He talks about his immediate
plans, saying that the first proposals he will submit to the Eurogroup, Ecofin and the EUCO would be to
end the humanitarian crisis. Then come the proposals to reduce the Greek debt "so that Greece can
breathe" without causing harm to the country's European partners, he says.
3. El Pais writes that Mr Varoufakis believes in a "New Deal" for managing the crisis. Quoting lines from
his book and from a famous interview with ORF, the paper says that the new Greek FinMin believes
that Europe is creating its own crisis and that it has never before happened for people so powerful to
understand so little of what the world economy needs in order to recover.
Les Echos, among others, quotes him writing on his blog that the Troika's solutions are nothing else
but a "cynical transfer of banking losses on the shoulders of the weakest taxpayers".
The FAZ depicts him as a very self-confident man, while describing his political and academic career.
Handelsblatt adds that - for the negotiations with the ECB and EU's finance ministers he has the right
specialisation: "Spieltheorie" (game theory). The FT also mentions that he is an expert in game and
bargaining theory.
Kathimerini comments on his economic views: "Varoufakis’ views on how to solve the Greek crisis
appear to be pretty similar to those expressed in multiple editorials at Bloomberg View -- give Greece a
break on its debts, stop forcing it to try to slash its way to prosperity. They’re not out on some crazy
fringe." However, the paper concludes, somewhat ironically, that - to make those things happen - "he
would need to be finance minister of Germany, not Greece".
Bloomberg quotes him describing the bailout programme: "It was an extend and pretend, it was a
vicious cycle, a debt-deflationary trap, which not only destroyed our social economy but also showed
that the cost of our so-called bailout for the average German, the average Italian, the average Slovak
was maximized."
Mr Varoufakis published an op-ed in The Economist on Jan 20th, discussing QE in the eurozone. "Of
course, one understands that the ECB faces political and legal constraints that prevent it from pursuing
a sovereign-bond-purchase programme that would work well in practice. For this reason a different
type of asset-purchase programme would be preferable, one that bypasses the legal and political
constraints that the ECB is currently facing and one that is potentially far more effective in tackling
deflation and the chronic underinvestment that has caused it", he writes. He also challenges the ECB's
decision not to purchase Greek bonds, arguing that this is "yet another signal that Europe is uncertain
about the euro zone’s solidity". He furthermore explores "better" options to maximize the asset-
purchase programme’s impact, concluding with a line that has since become quite viral: "Doing
something is not always better than doing nothing, especially when there are alternatives better than
either."
Social media perception of the EU-Greece relation
An interview with Mr Varoufakis by Channel 4 is very viral on Twitter and his pledge to tackle Greece's
oligarchy system is his most quoted line.
Tweets from journalists and politicians retain the fact that Mr Varoufakis hopes in a non-confrontational
approach with the EU, however standing firm in his commitment to renegotiate Greece's position.
Please find the most interesting Twitter comments listed below.
Kostas Karkagiannis@KKarkagiannis ·
Dear Mr. @sigmargabriel it was the #EUCO which decided to shift #Greek obligations from private creditors to
#EU taxpayers, not #Greece
0 replies11 retweets5 favorites
Stanley Pignal@spignal
Greek finmin Varoufakis keeps on saying Greece is "black hole" of money for creditors. Urges the question:
why should they send more?
MacroPolis@MacroPolis_gr
Greece's new finance minister @yanisvaroufakis says he agreed with @J_Dijsselbloem that talk of a
confrontation should be avoided #Greece
0 replies9 retweets1 favorite
Kathimerini English @ekathimerini
Varoufakis speaks of joint bid with Eurogroup chief Dijsselbloemto deconstruct media narrative of
confrontation between two sides #Greece
0 replies25 retweets6 favorites
Loukia Gyftopoulou@loukia_g
Finance Min Varoufakis said he had constructive conversation with @J_Dijsselbloem & has also spoken to
Italian & French finance min. #Greece
4. Kathimerini English @ekathimerini
Varoufakis speaks of joint bid with Eurogroup chief Dijsselbloem to deconstruct media narrative of
confrontation between two sides #Greece
Megan Greene@economistmeg
All indications so far (coalition w Indy Greeks, Varoufakis as finmin) point to new Greek govt going into talks w
the troika w guns blazing.
0 replies15 retweets3 favorites
Hugo Dixon@Hugodixon
2 Stathakis also good choice for economic development. Varoufakis as fin min more doubtful: he's v smart but
a firebrand
0 replies6 retweets7 favorites
Ian Katz@iankatz1000
Refreshing to hear politicians who don't sound like pols - Syriza's Yanis Varoufakis reacts to congrats: "It's a
poisoned chalice" #BBCr4today
0 replies17 retweets10 favorites
Dimitri Lascaris@dimitrilascaris
Yanis Varoufakis: A Syriza government will attack oligarchy, poverty and unreason, for European
democracy’s sake - http://yanisvaroufakis.eu/2015/01/24/attacking-oligarchy-poverty-and-unreason-for-
european-democracys-sake-interviewed-for-channel-4-by-paul-mason/ ….
0 replies6 retweets1 favorite
Most shared link on Twitter is an interview with Mr Varoufakis by Channel 4:
http://www.channel4.com/news/we-are-going-to-destroy-the-greek-oligarchy-system
His most shared quote on Twitter is: 'We are going to destroy the Greek oligarchy system'.
Ramona Gabar
Media Monitoring
General Secretariat of the Council
Communication and Documentation
Media and Communication
Media/Press Office
00 DH 13
Rue de la Loi/Wetstraat, 175 - B-1048 Bruxelles/Brussel - Belgique/België
Direct tel: 2706
www.consilium.europa.eu | ramona.gabar@consilium.europa.eu
Disclaimer: The views expressed are solely those of the writer and may not be regarded as stating an official position of the Council of the EU
Clause de non-responsabilité: Les avis exprimés n'engagent que leur auteur et ne peuvent être considérés comme une position officielle du Conseil de l'UE