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Thursday, 18 May 2017

Latest austerity package generates sharp debate in Greek parliament; opposition charges ‘IV memorandum’

The political “thermometer” turned red on Thursday evening in Greece’s Parliament as debate wound up over the most recent austerity and reform package submitted by the government to meet creditors’…

Violence outside Greek parliament as lawmakers debate latest austerity package

By M. Sinodinos Small-scale rioting was reported outside Greece’s Parliament in central Athens on Thursday afternoon, as lawmakers inside the building debated the latest batch of austerity measures demanded by…

Govt spox: Athens won’t implement austerity measures if debt relief not extended, IMF doesn’t rejoin bailout

The Greek government spokesman merely reiterated Athens’ optimism over “positive developments” regarding the country’s debt load, with all statements referring to Monday’s Eurogroup meeting.   Dimitris Tzanakopoulos again referred to…

ECB executive board member: Greece must clear more hurdles before bond-buyback possible

A top ECB executive board member was quoted by Reuters on Thursday as saying that bailout-dependent Greece “must clear several more hurdles” before the Eurozone’s central bank can include the…

Warm Welcome in Chios

By Geoffrey R. Pyatt United States Ambassador to the Hellenic Republic One of the strongest pillars of the bilateral relationship between our two great democracies is the people-to-people ties between…

Wednesday, 17 May 2017

Greek PM refers to optimistic scenario of debt relief, ‘investment tsunami’ and even tentative market return

By G. Kampourakis [email protected]  Greek Prime Minister Alexis Tsipras appeared optimistic on Wednesday over pending developments regarding debt relief measures for the bailout-dependent country, a prospect that his embattled coalition…

Berlin dampens Greek govt’s recent quip over an ‘agreement’ towards debt relief

The German chancellery on Wednesday declined to confirm a previous announcement by the Greek prime minister’s office referring to converging views between German Chancellor Angela Merkel and Alexis Tsipras over…

Bloomberg quotes EZ source: 50% chance of comprehensive solution for Greek program at Eurogroup meeting

Bloomberg quoted what it described as a high-ranking Eurozone official on Wednesday who forecast that the chances of achieving a comprehensive agreement over the Greek program at Monday’s Eurogroup meeting…

Third Emirates daily flight on Dubai-Brisbane route

Emirates on Wednesday announced that, as of Dec. 1, 2017, it will add another daily flight connecting Dubai with Brisbane, Australia. The new connection will bring the number of daily…

Moderate quake shakes Rhodes

A moderate earthquake measuring 5.1 on the Richter scale was recorded on Wednesday at 2:30 p.m. local time, centered off the Dodecanese island of Rhodes. No injuries or damages were reported. No injuries…

ND proposes 0.5% of 2016’s primary budget surplus to offset other taxes; fund pre-schools

Main opposition New Democracy (ND) party on Wednesday tabled an amendment in Parliament prescribing the immediate distribution of a portion of the primary budget surplus recorded in 2016, a day…

Masked rioters interrupt unions’ protests, rally marches in downtown Athens

Masked youths emerged amid organized protesters participating in union rallies and marches heading to Parliament, in central Athens, early Wednesday afternoon. Unions have called for day-long strikes in the public…

ND proposes 0.5% of 2016’s primary budget surplus to offset other taxes; fund pre-schools

 Main opposition New Democracy (ND) party on Wednesday tabled an amendment in Parliament prescribing the immediate distribution of a portion of the primary budget surplus recorded in 2016, a day…

Privatization fund’s tenure extended to June 1, 2020

A relevant general assembly on Tuesday extended the operation of Greece’s privatization fund, the Hellenic Republic Asset Development Fund (HRADF), until June 1, 2020. HRADF’s sole shareholder is the Hellenic…

Athens says debt relief discussed in Merkel-Tsipras phone contact

A telephone call between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel on Tuesday emerged on Wednesday, given that a strike called by press unions a day earlier…

Monday, 15 May 2017

Moody’s: Greek GDP at 1.5% in 2017; 2% in 2018

Moody’s forecast GDP growth in 2017 at 1.5 percent, rising to 2 percent in 2018, while its outlook on Greek banks remained “stable”. The forecast is a far cry from…

‘Road map’ for exit from capital controls released by finance ministry

The finance ministry, as expected, on Monday unveiled its “road map” for a further loosening of capital controls in the country, nearly two years after the Tsipras government imposed the…

Fraport Greece presents upgrading, renovation plans for Mykonos airport

Fraport Greece on Friday presented its strategic development plan for the airport on Mykonos, the iconic Greek isle known as a jetsetters’ destination and one of the country’s major tourism…

Greek airports: Ιnt’l arrivals up by 7.4% in 2016, yoy

Arrivals at Greek airports increased by 7.4 percent in 2016, compared with the previous year, the Greek Tourism Confederation (SETE) announced on Monday, citing data supplied by the Civil Aviation…

Navy general staff reports illegal approach of Greek isle by 2 Turkish missile boats

The naval command in Athens on Monday reported that two Turkish missile boats had entered Greek territorial waters the same day and approached the small eastern Aegean islet of Agathonissi…

Greek state’s net revenues miss target in Jan-Apr period; primary budget surplus goal exceeded

Net revenues over the first four months of the year were off by 152 million euros from target, with the total standing at 14.567 billion euros, down from the prescribed…

Seaplane routes to Greek isles, coastal resorts again resurfaces

By F. Zois [email protected] A decades-old idea to commence regular seaplane routes towards Greece’s numerous islands and even coastal resorts appears to have resurfaced over the recent period, with nascent…

Burglars make off with diagnostic equipment worth 400K euros from public hospital

A peculiar burglary involving the theft of expensive diagnostic equipment from a public hospital specializing in cancer patients, and located across the street from the main police headquarters in Athens,…

Latest austerity, tax measures bring total since third memorandum passed in 2015 to 14.048 bln€

By T. Tsiros [email protected] The “cost” from the latest round of austerity measures and tax hikes in Greece reaches 5.396 billion euros over the 2018-2021 period, as calculated from provisions…

Cosco eyes privatization of pilot services at port of Piraeus

By A. Tsimplakis [email protected] Chinese multinational Cosco, who assumed the management of the Piraeus Port Authority (OLP) last August, is reportedly eyeing the privatization of pilot services in the wider…

Sunday, 14 May 2017

Latest round of pension, welfare spending cuts to reach 7.12 bln€ over 2019-21

By S. Papapetros Greece’s General Accounting Office estimates the total savings from the latest round of proposed cuts in pensions and welfare subsidies over the 2019-2021 period to reach 7.125…

Body recovered at site of wildfire west of Athens

A charred body was recovered by firefighters battling a wildfire due west of Athens on Sunday at the bottom of a gorge in the Aghii Theodori settlement. The blaze erupted…

Tsipras: We’re on ‘same page’ with Lagarde over Greek debt relief

Greek Prime Minister Alexis Tsipras put his leftist government and the IMF “on the same page” as far as the country’s debt issue is concerned, taking to Twitter immediately after…

Death toll from Saturday evening train derailment near Thessaloniki rises to 3

Τhe death toll from a late-night train derailment in northern Greece has risen to three, after another victim succumbed to injuries on Sunday morning.  Seventy passengers and a five-person crew…

Lagarde-Tsipras meeting in Beijing touched on ‘agreed reforms, debt relief measures’, IMF spox says

The IMF was quick to issue a statement following a Sunday meeting in Beijing between the Fund’s Managing Director, Christine Lagarde, and Greek Prime Minister Alexis Tsipras, amid the ongoing…