Greek citizens are apparently unmoved by the leftist government’s near celebratory reaction to last week’s Eurogroup decision, which finally concluded a second review of the bailout program and further clarified…
The fact that Greece wasn’t on the agenda of Friday’s EU summit in Brussels wasn’t lost on German Chancellor Angela Merkel, who referred to “good news”.
“We worked hard with…
Greece’s privatization fund on Friday extended a deadline for submission of binding offers for 100-percent of the share capital of the state-run company that provides rolling stock maintenance and availability…
An EU Commission compliance report for the Greek bailout lists 113 “key deliverables” that must be implemented by the second quarter of 2018, with many of the measures given a…
By P. Kakouris, Th. Adamopoulos and T. Tsiros
The Greek coalition government must implement no less than 113 “prior actions” by the second quarter of 2018, according to compliance report…
IMF spokesman Gerry Rice said the Fund considers that debt relief measures extended to bailout-dependent Greece are not enough, although he admitted that some progress has been made recently.
Speaking…
A helicopter used for aerial spraying went down in a marshy area at the Schinas site, in the eastern Attica township of Marathon, on Friday morning with two fatalities reported.…
German Finance Minister Wolfgang Schaeuble was the target of sharp opposition criticism in the Bundestag on Thursday during debate over the Greek issue, with the Christian Democrats, on their part,…
Greek government deputy prime minister Yannis Dragasakis said a “trial” foray into the markets by Greece this year “could” take place, in a carefully worded statement made during a television…
A general assembly of Hellenic Petroleum (Hel.Pe) shareholders will take place as scheduled on Friday, following an compromise reached between the two biggest shareholders of Greece’s largest petro-chemical conglomerate, the…
French President Emmanuel Macron reportedly expressed his satisfaction with the results of last week’s Eurogroup meeting and the agreement over the Greek issue that emerged from the session, in a…
The Athens-based Foundation for Economic & Industrial Research (IOBE) has calculated additional benefits for the Greek economy of up to 1.6 billion euros over a 10-year period from the privatization…
A pending 8.5-billion-euro loan tranche to bailout-dependent Greece – approved last week by the Eurogroup – will be disbursed in two installments, European Stability Mechanism (ESM) Managing Director Klaus Regling…
Piles of rubbish continued to accumulate around overflowing bins in the greater Athens area this week in the wake of repeated strikes called by a federation comprised of unions representing…
Official Greece issued a quick rebuke on Thursday morning over the latest religious service held at the iconic Hagia Sophia in Istanbul, essentially referring to a provocation by the Turkish…
By S. Papapetros [email protected]
The unified social insurances fund (EFKA) appears to be easily exceeding revenue targets in the first five months of since its inception, posting a surplus of…
The European Commission will recommend that Greece is removed from the excessive deficit procedure (EDP), European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Wednesday.
Moscovici, amongst Athens’…
A motion was filed with Greece’s supreme court on Wednesday to reverse a previous appellate council ruling that allows the indictment of six experts previously affiliated with the country’s privatization…
Greece’s state-run natgas supplier, DE.PA, appears poised to enter the domestic power generation market, with sources close to the utility saying that the purchase of a minority stake in a…
Greece’s economy minister on Wednesday essentially downplayed the prospects of the domestic banking system rejoining the ECB’s asset purchasing program – better known as Quantitative Easing (QE) – one of…
By L. Karageorgos
[email protected]
The tourism and travel sector continues to shine as a beacon for present and future economic growth in Greece, with a recent major study showing that…
Press reports and sources from Brussels this week mostly converged on the fact that a soon-to-be released debt sustainability analysis (DSA) by the EU Commission on the Greek debt will…
Greek Finance Minister Euclid Tsakalotos will depart on Wednesday for London where he’ll participate in meetings with representatives of investment funds and companies, according to a press release issued by…
By S. Emmanouil [email protected]
Despite eight years of a crushing economic crisis in Greece the country’s higher education system continues to churn out degrees with very low marketability, many employers…
Debate in the Bundestag regarding last week’s agreement at the Eurogroup on the Greek issue and disbursement of an 8.5-billion-euro loan tranche to Greece was postponed for next week, instead…
A report by the European Commission’s economic and financial affairs council expresses serious reservations about the long-term sustainability of the Greek debt, according to a dispatch on Monday afternoon circulated…
G. Palaitsakis [email protected]
Only one-eighth of outstanding arrears owed to the state are easily “collectible” by tax authorities, according to the latest figures announced by the newly created Independent Authority…
ESM Managing Director Klaus Regling on Tuesday said a loan tranche to Greece, reaching 8.5 billion euros, will be disbursed in early July.
In comments to the CNBC network, he…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis called for a complete disclosure of everything agreed to by the Greek side at last week’s Eurogroup meeting in Luxembourg, the session…
The Greek government spokesman referred to “non-institutional interventions” aimed at creating internal “divisions” in the current government, when asked to comment on recent statements by ESM Managing Director Klaus Regling.…
