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Thursday, 24 May 2018

European, EZ officials point to progress in Greek program; crucial date June 21 for debt relief

European and Eurozone officials on Thursday confirmed that finance ministers of the common euro area (Eurogroup) requested an updated debt sustainability analysis from creditors, as an unofficial deadline for Greek…

Greek reax to Eurogroup: Debt relief measures by June 21 now on agenda

The first reaction to Thursday’s Eurogroup meeting in Brussels quickly – albeit unofficially – came from Greece’s finance ministry, with ministry sources saying the Eurozone finance ministers praised the fact…

Zaev: Best opportunity in past 25 years at the moment to solve ‘name issue’

“We are close to a solution” as the assessment by Zoran Zaev, the prime minister of the former Yugoslav Republic of Macedonia (fYRoM) on Thursday, commenting on ongoing talks in…

Bloomberg: No agreement on Greek debt relief at Washington Group meeting

Bloomberg on Thursday reported that a Washington Group meeting concluded without progress on the now pressing issue of Greek debt relief, a standing demand that the IMF has stressed must…

Greek high court again rules in favor of Turkish officer seeking asylum; angry reax by Ankara

Greece’s highest administrative court has again rejected a motion by the relevant ministry to overturn a lower authority’s decision to grant political asylum to one of eight Turkish servicemen who…

Strict supervision; pension cuts, lower tax-free income ceiling cited in Commission’s supplemental MoU for Greece

The European Commission’s 40-page ” Supplemental Memorandum of Understanding” for Greece was posted on Thursday morning, highlighting what it called the “implementation of agreed policies for several years”, and in…

Wednesday, 23 May 2018

Grand Hyatt Athens pushing for July ’18 opening

By L. Karageorgos [email protected] The latest five-star luxury hotel in the greater Athens area, the Grand Hyatt, is expected to open for business in July, ahead of schedule and in…

PPC board OKs sale of lignite-fired power stations

The Public Power Corp.’s (PPC) board of directors on Wednesday, as expected, approved of the sell-off of two power stations via the holding of an international tender. The lignite-fired stations…

Tsipras: Snap elex now would extend memorandum

Greek Prime Minister Alexis Tsipras on Wednesday again rejected incessant opposition demands for snap elections in the crisis-battered country, this time from Parliament’s podium, where he addressed his leftist-rightist coalition…

Greek FinMin: Negotiations with creditors over ‘reinforced supervision’ not post-bailout precautionary credit line

Greek Finance Minister Euclid Tsakalotos told Parliament deputies on Wednesday that his leftist-rightist coalition government was negotiating a “reinforced supervision” with creditors and not a precautionary credit line for the…

Bundesbank: Additional measures for Greek debt relief ‘not necessary’

Germany’s central bank (Bundesbank) directly entered the “Greek debt” fray this week, amid still unresolved differences between European creditors and the IMF over the issue, pointing out that Greece continues…

USS Harry S. Truman docks at Souda Bay, Crete

The USN aircraft carrier Harry S. Truman docked at the Souda Bay anchorage in Crete on Wednesday morning, where the warship will remain until May 28. The Nimitz-class carrier will…

PPC board of directors expected to OK tender for 4 lignite-fired power units

The board of directors of Greece’s Public Power Corp. (PPC), the state-run and dominant electricity utility in the country, on Wednseday is expected to approve the sell-off of four lignite-fired…

Anarchist groups take to Facebook to threaten Greece’s main opposition leader

Political reverberations over repeated “interventions” of so-called “anarchist collectives” in the greater Athens continued this week and were even exacerbated, with a threat directed at main opposition leader, two days…

Tuesday, 22 May 2018

Folli Follie president purchases another 222K worth of company’s shares

The Folli Follie Group on Tuesday announced that its president, Dimitrios Koutsolioutsos, purchased 30,000 common shares of the jewelry and accessory retailer, valued at 222,000 euros.…

High-ranking EZ official: Agreement on Greek program by June 21 ‘regardless of IMF participation’

By N. Bellos [email protected] A high-ranking Eurozone official in Brussels on Tuesday said a comprehensive solution for the Greek program, including debt relief measures, will be taken on or by…

Dombrovskis the latest EU official to comment on ongoing Greek debt relief prospects

European Commission VP and Commissioner for the Euro and Social Dialogue Valdis Dombrovskis on Tuesday commented directly on the ongoing speculation regarding Greek debt relief, as a June 21 Eurogroup…

ND leader refers directly to Monday’s court ‘invasion’ by anarchist collectives

Monday’s latest “intervention” by two or three self-styled “anarchist collectives” at the country’s highest administrative court continued to generated political friction on Tuesday, with main opposition New Democracy (ND) leader…

New floating dock at Piraeus Port Authority receives first large F/B

By L. Karageorgos [email protected] The ANEK lines ferry boat “Eleftherios Venizelos” is the first coastal shipping vessel that inaugurated the Piraeus Port Authority’s new floating dock, the “Piraeus III”. The…

Repos, post-bailout ‘cushion’ increase general govt debt by 15 bln€ over Q1 2018

By T. Tsiros  [email protected] The Greek government debt posted a noteworthy increase in the first three months of 2018, with the finance ministry’s quarterly report listing the figure at 343.74…

Monday, 21 May 2018

Report: Nearly 100 antifa-like activists break into high court session in Athens

Roughly 100 people, according to initial reports, broke into the Council of State (Cos) building in downtown Athens on Monday afternoon as high court justices were attending a closed-door session…

Greek PM unveils ‘growth strategy’; abundant funding cited from European institutions

Greek Prime Minister Alexis Tsipras on Monday publicly unveiled a “growth strategy” for the post-bailout period after August 2018, essentially a series of initiatives and proposals already conveyed to creditors…

Four suspects to face assault charges in attack on Thessaloniki mayor Boutaris

Three out of four suspects arrested for the attack on Thessaloniki Mayor Yannis Boutaris two days ago, a shocking incident captured on video and repeatedly aired on television, will be…

Sources to ‘N’: Debt relief, post-bailout supervision will have to be decided by June 21 Eurogroup meeting

The looming June 21 Eurogroup meeting has now emerged as the most crucial setting for decisions on Greek debt relief and the scope of creditors’ supervision after the ongoing bailout…

Well-known Greek comedian Harry Klynn passes away

Well-known Greek comedian and performer Harry Klynn (Vassilis Triantafyllidis) died in the early morning hours of Monday at the age of 78. Klynn, who adopted the stage name “Harry Klynn”…

Sunday, 20 May 2018

Turkish PM: Aegean tension would be avoided if Greece stopped considering sea as its own

Turkish Prime Minister Binali Yildirim more-or-less confirmed that official Ankara still considers a so-called “theory of grey zones” in the Aegean as valid, claiming that “tension in the Aegean will…

Saturday, 19 May 2018

Athens, institutional creditors announce staff-level agreement; FinMin refers to ‘post-memorandum supervision’

The Greek government on Saturday evening announced that it reached a staff-level agreement with creditors’ top auditors, who arrived in Athens this past week to conclude the fourth – and…

Friday, 18 May 2018

ND opposition to leaked ‘Republika Ilindenska Makedonija’ proposal for ‘name issue’

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Friday expressed his party’s opposition to a same-day proposal regarding a possible solution to the fYRoM “name issue”, and specifically the…

Tsipras surprises in Parliament: Expresses support for expat Greeks’ right to vote in their place of residence

Greek Prime Minister Alexis Tsipras promised to give expatriate Greeks the right to vote, speaking during a mostly anti-climatic debate in Parliament on Friday evening regarding the Novartis case. “We…

Attica Bank raises 90 mln€ in share capital increase, 70 mln€ from social security entity; seeks another 108 mln€

Non-systemic Attica Bank raised 90 million euros on Friday through a share capital increase, with no less than 70 million euros coming from the unified social insurances fund – a…