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Monday, 24 July 2017

Varoufakis immediately, sharply replies to Tsipras’ criticism

An increasingly combative Yanis Varoufakis responded within hours on Monday to a high-profile interview of Greek PM Alexis Tsipras in the “Guardian”, using the same outlet’s electronic pages to disparage…

Greece issues invitation to tender for proposed 5-year bond

Greece’s first market exit after three years was announced on Monday by the coalition government in Athens, which announced an invitation to holders of outstanding bonds worth 4.75 percent, in…

High court president to Greek govt: Respect role of the independent judiciary; feud escalates

A simmering feud between the leftist-rightist coalition government and a high-profile segment of the country’s independent judiciary continued unabated on Monday, with the president of the Council of State (CoS)…

Govt begins licensing process for project expected to connect mainland Greece with Israeli, Cypriot power grids

The Greek government has commenced the licensing process for the EuroAsia Interconnector, after a complete project dossier was submitted. The project envisions the laying of an underwater power cable of…

Τsipras to Guardian: ‘I have made mistakes, big mistakes’; says he now has different picture two years on

Greece’s Alexis Tsipras this week offered a “mea culpa” over the his and his leftist-rightist coalition government’s failings since he rode to power in January 2015 on a populist wave…

First installment of income, corporate taxes this month; crucial for execution of 2017 Greek budget

By T. Tsiros The first serious “litmus test” that the 2017 budget is being successfully executed comes within the next few days, as a deadline for paying the first installment…

Sunday, 23 July 2017

Greece wins U20 men’s Euro basketball championship

Greece won the 2017 men’s U20 European Championship on Sunday evening in a packed arena in Irakleio, Crete, beating Israel 65-56  in the final. The Greek team had downed reigning champions…

SYRIZA sharply attacks Varoufakis over his published claims; opposition demands inquiry

The “bad blood” between Yianis Varoufakis and his former comrades in ruling SYRIZA party continues to boil over amid a steady stream of passages being published by local media from…

Friday, 21 July 2017

Body of missing 7-year-old Syrian boy discovered in the sea near refugee shelter

The body of a missing seven-year-old Syrian child was discovered in the waters off a coastal industrial district where a refugee shelter is located in extreme western Athens. An “Amber…

Varoufakis: Tsipras wanted to sack central banker Stournaras well before assuming power

Former Greek finance minister Yanis Varoufakis’ “tell-tale” book about his six-month tenure in office and the run-up to leftist SYRIZA’s landslide election victory continues to generate intense scrutiny by the…

IMF’s debt ceiling clips Athens’ chances for market exit before Aug. 2018

The scrutiny that fell this week on the IMF’s debt ceiling provision, and especially on the way it affects the Fund’s participation in the Greek program, belies the fact that…

S&P revises outlook on Greece to positive from stable

S&P extended a much-needed fillip towards the Greek government on Friday by revising its outlook to positive from stable, a day after the IMF extended a paltry “precautionary” line of…

Lagarde, Velculescu detail IMF position vis-a-vis latest Greek loan arrangement

IMF Managing Director Christine Lagarde explained the Fund’s “balancing act” on Thursday in agreeing to a conditional 1.6-billion-euro “precautionary stand-by arrangement” for bailout-dependent Greece, saying the program emphasizes implementation of…

Kos airport management reports says facility operating normally, safely; only minor delays cited

Fraport Greece on Friday morning assured that the airport on the quake-hit island of Kos is operating normally and safely for passengers and flights.    The German-Greek consortium, which manages…

Average sum owed to Greek state from income tax returns for fiscal 2016 at 1,400€

More than 2.5 million taxpayers in Greece are expected to receive income tax invoices showing additional taxes owed to the state, based on the number of electronic filings made so…

Two tourists, a Turk and a Swede, the victims of Kos earthquake

The two victims of a strong early-morning earthquake that struck the island of Kos were identified as two men, a Turkish national, 39, and a Swedish national, 22. Moreover, five…

Two deaths from earthquake-related damage on island of Kos

Two earthquake-related fatalities were reported on the island of Kos in the early morning hours of Friday, while several people were injured from the strong 6.4 on the Richter scale…

Strong earthquake shakes eastern Aegean, between island of Kos and SW Turkey

A pair of strong earthquakes measuring 6.4 and 5.1 on the Richter scale, respectively, were recorded in the early morning hours of Friday east of the Dodecanese island of Kos,…

IMF announces ‘precautionary’ stand-by agreement for Greece worth 1.6 bln€

The IMF announced a “precautionary” credit line for still bailout-dependent Greece on Thursday, with a Tweet on the Fund’s official account citing a “Stand-By Arrangement” worth 1.6 billion euros. The…

Thursday, 20 July 2017

IMF spox on Greece program, debt ceiling issue

An IMF spokesman on Thursday referred directly to a debt ceiling that the Fund calculates for still bailout-dependent Greece, in the wake of numerous press reports this past week claiming…

Inaugural sale of Greek bank’s NPL portfolio set for August

The inaugural sale of a portfolio of “bad debt” held by Greece’s systemic banks is expected in early August, with the initial cache reportedly being non-performing consumer loans extended by…

Remains of temple dedicated to Apollo revealed on small islet west of Antiparos

Excavation and restoration works on a tiny islet west of Antiparos, itself a well-known speck of land in the central Aegean, has revealed the foundations of a temple that archaeologists…

Turkish air violations over SE Aegean on Thur.

Several violations by Turkish warplanes were reported in the southeastern Aegean on Thursday, while in two instances the fighter planes were armed, according to Greek military authorities. Specifically, a two-plane…

Draghi: It’s up to Athens to decide when to return to markets; confidence restored with full implementation of program

European Central Bank (ECB) President Mario Draghi told reporters in Frankfurt on Thursday that it’s up to the Greek government when to decide on a return to the bond markets…

ELA ceiling for Greek banks again lowered; BoG points to improved liquidity

The European Central Bank’s (ECB) governing council on Thursday lowered an emergency funding cap – the Emergency Liquidation Assistance (ELA) mechanism —  for Greek banks by 1.1 billion euros to…

ΕCB interest rates unchanged

The ECB kept interest rates unchanged, following a Thursday meeting in Frankfurt of the Euro zone central bank’s governing council. No Greece-linked issues were on the agenda at Thursday’s meeting,…

Greece: Primary budget surplus of 529 mln€ in Q1 2017

The Greek statistical service on Thursday announced that the general government primary budget surplus for the first quarter of 2017 reached 529 million euros, down from a surplus of 1.944…

Study: Overall impact of Helleniko investment up to 11.5 bln€

By T. Igoumenidi An environmental impact study covering the commercial exploitation of the Helleniko site in coastal southeast Athens was unveiled this week for public debate. The 1,332-page study includes…

Reports: Athens has low expectations from Thur. IMF meeting

By T. Tsiros [email protected] The Greek government is reportedly fielding low expectations from Thursday’s meeting of the International Monetary Fund’s (IMF) executive board, at least according to off-the-record comments by…

Bids reach 43.05€ per MWh in latest NOME auction held in Greece

By K. Deligiannis [email protected] Earlier forecasts of increased interest by private providers active in the domestic electricity market were confirmed on Wednesday with the latest NOME auction, as the majority…