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A Greek government spokesman on Tuesday indirectly blamed the German side for the failure, a day earlier, to achieve an agreement over the Greek bailout at the Eurogroup meeting. Spokesman…

By A. Tsimplakis [email protected] The extreme northeastern port of Alexandroupolis, near the land border with Turkey, and the small port of Elefsina, due west of Piraeus and located roughly the…

Greece-based carrier Aegean Airlines on Tuesday reported net losses of 35.8 million euros in the first quarter of 2017,  up from 21.5 million euros in losses over the corresponding period…

 IMF European department chief Poul Thomsen said the Fund wants Greece’s Euro zone creditors to employ more realistic assumptions about the course of the bailout-dependent Greek economy, as well as…

By N. Bellos “Close, but no cigar” is the phrase that more-or-less sums up Eurogroup chairman Jeroen Dijsselbloem’s statements immediately after the end of Monday’s Eurogroup meeting, where Euro Area…

Eurogroup statement on Greece, 22 May 2017: The Eurogroup welcomed the preliminary agreement reached between Greece and the institutions on a new set of policy reforms to support the country’s…

By N. Bellos Standing disagreements between Germany and the IMF over the Greek program blocked an agreement from being achieved on Monday at the Eurogroup setting, which concluded just before…

Slovakian Finance Minister Peter Kažimír told reporters that the Greek debt issue is more of a political issue, rather than economic, using the word “practical” instead. He spoke while entering…

By L. Karageorgos [email protected] Greek hoteliers are reporting “stepped pressure” by international tour operators to keep rates frozen for the 2018 summer holiday season, despite the fact that Greece’s major…

By N. Bellos [email protected] A Eurogroup meeting considered as crucial for the Greek program and the bailout-dependent country’s economic recovery began at 14.45 GMT in Brussels on Monday, with initial…

Russian-Greek investor Ivan Savvidis has purchased 19.63 percent of the shares in the troubled Athens-based Teletypos, the owner of the national broadcaster Mega. The sale was announced by Pegasus Publications…

Any further debt relief measures for Greece will be decided at the end of the current bailout program, Eurogroup chairman Jeroen Dijsselbloem announced on Monday, severely dampening Athens’ hopes that…

German Finance Minister Wolfgang Schaeuble stood by Berlin’s position of not discussing medium-term debt relief measures for Greece before the current bailout program ends, speaking hours before Monday’s Eurogroup meeting…

Greek Prime Minister Alexis Tsipras on Monday spoke by phone with new French President Emmanuel Macron, hours before a closely watched Eurogroup meeting is set to convene in Brussels, with…

By S. Papapetros [email protected] The average gross monthly pension payment in Greece is 772.03 euros, with the average supplementary monthly stipend – for beneficiaries that receive such a benefit –…

Greece’s head of state on Monday reiterated Athens’ standing appeal towards the Turkish state that it lift legal obstacles preventing the re-opening of a seminal Orthodox Christian seminary in the…

G. Kouros [email protected] Greece’s newly created Independent Authority for Public Revenues, itself a memorandum-mandated provision, is reportedly preparing a new action plan to collect a chunk of the 95 billion…

By N. Bellos [email protected] The EU Commission continued to step up its interventions in favor of a comprehensive agreement for Greece at today’s Eurogroup meeting in Brussels, as behind-the-scenes deliberations…

A high-profile agreement between state-run Public Power Corp. (PPC) and Chinese utility operator CMEC is on hold, according to Greek Deputy Economy Minister Stergios Pitsiorlas, who told reporters on Friday…

Eurogroup chairman Jeroen Dijsselbloem, in statements to the Dutch Parliament last week, expressed a view that the ambitious 3.5-percent primary budget surplus that the Greek state must post – on…

ExxonMobil representatives arrived in Athens late last week to finalize cooperation with Hellenic Petroleum (HEL.PE) in the field of exploration and exploitation of fossil fuels in Greece’s wider region. The…

European Commissioner Pierre Moscovici on Sunday again expressed his confidence over an agreement between bailout-dependent Greece and its institutional creditors, speaking a day before a closely watched Eurogroup meeting in…

By A. Tsimplakis [email protected] The Cosco-managed Piraeus Port Authority (OLP) is ready to declare an international tender for an 80K-ton floating dock to dramatically boost its ship repair presence in…

German mass media provided extensive coverage on Friday of the previous evening’s passing in Greek parliament of a latest round of austerity and reform measures, essentially the linchpin in unblocking…

The European Commission on Friday welcomed the latest round of austerity and reforms passed by the Greek Parliament on Thursday evening to unblock the current (third) bailout. The spokeswoman for…

Flamboyant ex-finance minister Yanis Varoufakis on Friday continued his high-profile sniping against former comrades – especially Greek Prime Minister Alexis Tsipras – by revealing vivid background from the summer of…

By Vassilis Kostoulas [email protected] Greece must absolutely avoid expensive borrowing from the markets for no less than 10 years, the director of the Brussels-based Centre for European Policy Studies (CEPS), Daniel…

Bloomberg paints a “make or break” dilemma for Greece’s leftist government in the wake of the latest ratification of an austerity and reform-laced package on Thursday evening. According to the…

Greek Prime Minister Alexis Tsipras said he expects debt relief measures for the bailout-dependent country in a matter of days, speaking moments after the vote tally was announced for an…

An omnibus bill containing the latest round of austerity measures demanded by creditors, along with various bench-marked reforms, was passed by Parliament late Thursday evening with exactly the number of…