bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 19.12.2018 | Name days: Sarmis, Lelde

Tsipras sees Greece's end of bailout borrowing as liberation

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Greek Prime Ministe Alexis Tsipras addressing the nation in Ithaca, the Homer’s Odyssey island

Greece ending its bailout programme and the direct influence of international lenders on decisions about its government spending, Greek Prime Minister Alexis Tsipras has stated that the country has become free again.

British news portal The Independent reported that amid the austerity policies of the post-financial-crisis period, Greek unemployment reached 28%, the economy lost a quarter of its size, a third of the population fall into poverty, and hundreds of thousands of people leave the country.

In a speech by Tsipras on Tuesday, August 21, in Ithaca as cited by The Independent, it was said: «This is a day of liberation. (..) We will not commit the affront of ignoring the lessons of the bailout on Greece. (..) We will never forget the cause, or the people who led our country into bailouts».

Reportedly, Greece arrived at the end of its financial borrowing programme from international lenders on Monday, emerging from the country’s and eurozone’s most difficult times in recent history.

It ended the saga of the first rescue package offered to a eurozone member in May 2010 also brought about the first default of a developed economy to the IMF and almost broke up the eurozone in the summer of 2015.

«Without European financial assistance, the Greek economy would have collapsed, perhaps not recovering for decades,» the member of the European Commission in charge of economic affairs, Pierre Moscovici, evaluated on Friday, August, 17.

Greece still has difficult times ahead to fully recover financially, therefore Eurozone members offered a cash support in the amount of 24 billion euros to cover all its financial needs until summer 2020 and also postponed a large part of the payments until 2033 and prolonged the maturities by a decade.


Leave a reply

UGF and Harmony once again vote to keep Truksnis the Mayor of Jurmala

With votes from the Union of Greens and Farmers and Harmony, Jurmala Mayor Gatis Truksnis has once again managed to keep his post.

Corruption watchdog detains ex-mayor of Daugavpils under suspicion of bribery

Latvia’s Corruption Prevention and Combating Bureau has detained former mayor of Daugavpils Rihards Eigims, according to information from LETA.

Orkla Confectionery & Snacks Latvija invests EUR 53,000 in biscuit production plant

Chocolate and confectioneries production company Orkla Confectionery & Snacks Latvija has invested more than EUR 53,000 in modernization of a biscuit and waffle production plant located on Artilērijas Street. Additional funding has allowed the company to install a powder sugar dosing pot.

60% of Estonians ready to defend their country, survey estimates

A survey commissioned by the Estonian Defence Ministry has found that 60% of Estonian respondents would take part in defence related activity in the event of a military attack.

Will Nils Ušakovs stay as Mayor of Riga?

Members of Riga City Council will meet at 15:00 on 18 December to decide on the dismissal of Riga Mayor Nils Ušakovs. According to the head of Riga City Council faction of the National Alliance Nauris Puntulis: «Ušakovs should follow Andris Ameriks’ example and step down voluntarily.»

Ex-minister: «good deed champions» buy trains first and think how to use them later

AS Pasažieru vilciens wants to purchase 32 new electric trains for a price of EUR 225,303,262. This amount three times exceeds the amount Estonia paid for its electric trains. «The problem in Latvia’s case is not just with the state overpaying but also with good deed champions wanting to buy trains first and think about their use later. There is no clarity in regards to use of those trains and railway infrastructure’s readiness,» BNN was told by ex-Transport Minister of Latvia Anrijs Matīss.

Over 290 000 Estonians on brink of statistical poverty in 2017

In Estonia, 295,000 people or 22.6% of the population were at risk of poverty in 2017, the Baltic country's official statistics found adding that the proportion of such people grew by 1.6% since 2016.

Chinese President Xi: No one can dictate to China

Xi Jinping, the President of China has warned other countries not to tell what Beijing should do and voiced his conviction that the Communist Party of China leads everything in the country.

Companies fined 33,268 euros for distorting competition in public procurements

Latvia’s Competition Council has discovered illegal coordination of activities between SIA Tomega and SIA BTK.LV on multiple occasions. The council has decided to fine SIA Tomega EUR 33,268 for intentionally distorting competition in public procurement procedures.

Global Refugee Compact approved by UN General Assembly

The U.N. General Assembly has with the exception of the U.S. and Hungary endorsed a non-binding compact, which sets forth granting support for countries where the majority of the world's more than 25 million refugees live.

City Property Committee Olegs Burovs to be nominated for Riga Vice-Mayor’s post

During a board meeting of the Honour to Serve Riga party, members decided to propose the head of Riga City Council’s City Property Committee Olegs Burovs, as confirmed by a member of the political party Mareks Gailītis.

Poland respects EU Court's ruling and reverses controversial judge law

Respecting a ruling of the European Court of Justice, Poland has suspended the controversial law of the lowering of the pension age of its Supreme Court judges.

Latvian parties generally satisfied with New Unity’s offer

Potential partners are generally supportive of New Unity’s offer for division of responsibilities in the government. Nevertheless, parties want to discuss other matters, including National Alliance’s continued management over Environment Protection and Regional Development Ministry.

Riga City Council opposition suggests voting for Ušakovs’ dismissal again

On Monday, 17 December, the opposition of Riga City Council submitted a proposal for a meeting to decide on Riga Mayor Nils Ušakovs’ dismissal. The request to dismiss Ušakovs was signed by deputies from all opposition parties in Riga City Council.

Inflation in Latvia was higher than average in EU and Eurozone in November

Inflation in Latvia in November was higher than average inflation in European Union and Eurozone, according to data published by Eurostat.

LRB: there are a number of idle plans with a possible goal to acquire EU money and divert attention

«It is not normal for EUR 100 million to be suddenly pumped into the road industry shortly before elections. By doing this, Transport Minister Uldis Augulis has hurt the road construction industry,» said Latvian Road Builders association’s chairman Andris Bērziņš in a conversation with BNN.

VNT: overall situation in the Latvian transit sector is extremely dire

VNT has experienced 5% growth in last 11 months over the same period 2017 only as a result of its the strategic planning and significant improvements implemented over 2018.

Lithuania gives banking license UK technology «unicorn» Revolut

British digital payment firm Revolut, which has been valued at 1.5 billion euros, has been granted a banking licence in Lithuania, providing the firm the chance to work in the European Union regardless of Brexit.

Estonia testing internet voting with election in mind

E-governance-promoting Estonia is this week testing internet voting offering voters to send holiday greetings and to select themselves a present from the country's e-voting system.

De facto: Tukums airport’s owners deny bribing Lithuanian army official

Wing 4 Sky group – the owner of Tukums airport – denies their involvement in an attempt to bribe a Lithuanian army official. The corruption scandal surfaced when Tukums airport was trying to recover its lost reputation and certificate, as reported by LTV programme De facto.

Andris Ameriks steps down as Vice-Mayor of Riga

The vice-Mayor of Riga Andris Ameriks has decided to step down. He announced his decision at a press-briefing on Monday, 17 December.

May: Repeated Brexit referendum would break population's trust

British Prime Minister Theresa May, responding to high profile calls in the UK politics to hold a second referendum over the country's withdrawal from the European Union, has evaluated that it would «break faith with the British people».

Number of passengers carried by airBaltic up 18% this year

Latvian airline airBaltic has carried 3,842,952 or 18% more passengers during the first eleven months of 2018 than in the same period last year to its network spanning Europe, Scandinavia, Russia, CIS and the Middle East.

Government scenario without UGF to be discussed first in Latvia

Under prime minister candidate Krišjāņis Kariņš’s leadership, parties in Latvia could first discuss government formation without the Union of Greens and Farmers, according to unofficial information.

Katowice conference arrives at guidelines for realising emmission curbs

Signatories of the 2015 Paris Climate Change Agreement have reached a compromise set of guidelines for implementing their commitments as the world's governments agreed to take effective steps to reduce their carbon dioxide emmissions.

Newest comments