IMF spokesman Gerry Rice on Thursday repeated that the Fund needs “specificity” in terms of Greek debt sustainability in order to rejoin the country’s bailout.
“The IMF position remains: that…
Greek Prime Minister Alexis Tsipras got his first personal glimpse of Donald Trump on Friday on the sidelines of a NATO summit in Brussels, as the leftist premier briefly spoke…
An explosion targeting the car of former Greek prime minister and central banker Lucas Papademos was reported on Thursday afternoon, at roughly 6.30 p.m. local time, in central Athens.
One…
By A. Tsimplakis [email protected]
Chinese multinational Cosco is expected to intensify efforts to transform the port of Piraeus into the pre-eminent cruise ship homeport and hub in the eastern Mediterranean,…
Economy and Development Minister Dimitri Papadimitriou on Thursday cited what he called the great potential for economic growth and investment opportunities offered by Greece’s healthcare and affiliated sectors, speaking during…
Figures for Greek state revenues in the executed budget over the January-April 2017 period showed a serious shortfall in terms of VAT remittances, income taxes and all types of “sin…
Greek beaches received a sterling report card from the European Environmental Agency on Wednesday in the body’s annual “State of bathing water” survey, which detailed water quality for the previous…
Greek Prime Minister Alexis Tsipras blamed a “harsh winter” in the Greece over the 2016-2017 period for causing a rise in power consumption by 9 percent, in answer a press…
Greece’s state budget posted a primary surplus of 1.726 billion euros over the January-April 2017 period, down from a corresponding figure of 1.906 billion euros over the same period in…
By G. Kanoupakis
A previously scheduled annual general assembly of shareholders of Hellenic Petroleum (Hel.Pe), the country biggest petro-chemical conglomerate, was postponed on Wednesday for next month, following a request…
Reuters on Wednesday quoted a “confidential paper” prepared by European Stability Mechanism (ESM) as advising that bailout-dependent Greece will not need debt relief by European creditors if the country posts…
Greek Prime Minister Alexis Tsipras on Wednesday said his government rejected a proposal for Greek debt relief earlier in the week that was presented at the Eurogroup meeting in Brussels…
By G. Kampourakis [email protected]
The Tsipras government appeared surprised and unable to intervene in the contentious negotiations between Berlin and the IMF over the Greek debt issue, in the wake…
By S. Papapetros [email protected]
The number of Greek pensioners and beneficiaries to be affected by the latest round of austerity cuts and higher social security contributions will reach into the…
Short-term debt relief measures implemented last January by the European Stability Mechanism (ESM) have already generated beneficial effects for Greece’s debt load, as relevant figures for outstanding loans and bonds…
Powerful German FinMin Wolfgang Schaeuble on Tuesday appeared uncharacteristically optimistic over the prospects of a conclusive agreement for the Greek bailout program by next month’s scheduled Eurogroup meeting, speaking a…
A general assembly of Public Power Corp. (PPC) shareholders this week approved the sale of a 25-percent stake of the power transmission grid operator (ADMIE) to the Greek state for…
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…
