Βy T. Tsiros [email protected]
The prospect of a precautionary credit line for crisis-bedeviled Greece has resurfaced after two and a half years, as the end of the current memorandum (August…
Greece’s state-run and dominant power utility (PPC) will reportedly announce the lignite-fired units that it will place on the selling block in a matter of weeks, with Athens expected to…
The president-designate of the European Community Shipowners’ Associations (ECSA), Panos Lascaridis, this week reiterated that his sector group’s priority is to maintain European shipping’s competitive edge and to improve the…
By S. Papapetros [email protected]
The number of long-term unemployed continued to hover at very high levels in recession-battered Greece, recent figures show, despite a gradual decrease in the number of…
European Stability Mechanism (ESM) Managing Director Klaus Regling on Monday said it was likely that currently bailout-dependent Greece may return to the markets for its borrowing needs this year or…
Greek-Turkish relations, the migrant/refugee crisis and the long-standing Cyprus issue were at the center of talks on Monday between visiting Turkish Prime Minister Binali Yildirim and main opposition New Democracy…
The industrial turnover index shot up in Greece in April 2017, posting a 10.7-percent increase on an annual basis. The same figure for April 2016 was a negative 13.9 percent,…
Greece’s privatization fund (HRADF) on Monday declared the international consortium that submitted the highest bid for a majority stake of the Thessaloniki Port Authority SA as the preferred investor in…
Moody’s on Monday said National Bank of Greece’s sale last week of its Bulgarian subsidiaries is a “credit positive” development, while also forecasting the Greek systemic bank will be the first in the country to pay…
Greek Prime Minister Alexis Tsipras received his Turkish counterpart Binali Yildirim on Monday morning at the Maximos Megaron government house, where he expressed his “standing conviction” that relations based on…
Meeting an ambitious and memorandum-mandated 3.5-percent primary budget surplus target until 2022, which the Greek government recommitted to during last week’s Eurogroup meeting, will require a yearly increase in revenues…
Greek Prime Minister Alexis Tsipras will receive visiting Turkish Prime Minister Binali Yıldırım at his Maximos Mansion office in Athens on Monday morning.
According to a press release by the…
By N. Bellos [email protected]
One of the most prominent points that emerged from Thursday’s Eurogroup agreement concerning the Greek issue is the fact that the current government signed off…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis said Greece’s foray into the markets for its borrowing needs – after the current bailout ends in August 2018 – first necessitated…
The EU Commission on Friday lifted a significant obstacle standing in the way of the privatization of Greece’s state-run rail operator (Trainose) by announcing that past state aid funnelled towards…
Greek Prime Minister Alexis Tsipras made an unscheduled nationally televised address on Friday afternoon to announce that his government received “clear” commitments for the Greek debt issue, even as the…
German Finance Minister Wolfgang Schaeuble again turned his attention to the Greek program on Friday, less than 24 hours after an agreement to conclude the second review was concluded at…
By N. Bellos
Prospects of a full economic recovery for bailout-dependent Greece now shift to the European Central Bank (ECB) and markets’ sentiment, with the former tasked with determining if…
Greek Prime Minister Alexis Tsipras referred to a “decisive step” in exiting the ongoing economic crisis that has bedeviled the country since late 2009, speaking during a meeting with the…
The European Stability Mechanism’s (ESM) report for 2016 – issued on the same day as a crucial Eurogroup meeting on the Greek issue – first noted that Greece remains the…
German Finance Minister Wolfgang Schaeuble on Thursday said the Bundestag will consider the disbursement of a 8.5-billion-euro loan tranche to Greece on Friday, hours after the Eurozone approved of the…
Greek Prime Minister Alexis Tsipras commented on the Eurogroup’s results late on Thursday, saying that ” we have an agreement that corresponds with the sacrifices of the Greek people ……
The Greek side, in a late-night non-paper issued after the end of the Eurogroup, referred to a “positive message to the markets”, the primary point being, as it said, a…
Cypriot Finance Minister Harris Georgiades on Thursday Tweeted from his account that there was “Unanimity at the Eurogroup for Greece”.
Georgiades didn’t specify what the unanimity involved.…
Eurozone finance ministers have reportedly approved of an 8.5-billion-euro loan tranche to Greece on Thursday, confirming earlier reports hours before.
Other reports claimed that the Eurogroup ministers’ were also considering…
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement on Greece in Luxembourg today:
“I would like to announce my intention to propose to…
The Eurogroup welcomes that agreement has been reached between Greece and the institutions on a policy package of structural measures, which aims at shoring up growth and addressing the underlying…
The next loan tranche to Greece is expected to reach 8.5 billion euros, according to a report by Bloomberg, which quoted two unnamed officials.
The development, of course, depends on…
The consortium that was awarded the real estate concession to develop the massive Helleniko site in southeast coastal Athens on Thursday submitted an integrated development plan (IDP) for the entire…
EU Commissioner Pierre Moscovici expressed his conviction that an agreement will be reached at Thursday’s Eurogroup, one that satisfies all sides.
Moscovici repeated, as he’s done over the past several…
