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…
Eurogroup chairman Jeroen Dijsselbloem on Thursday told reporters on Thursday that the Greek debt issue will be bumped to 2018, while a long-overdue second review of the Greek bailout will…
By N. Bellos
The Greek side may be wagering much of its political “capital” in achieving some form of debt relief at Thursday’s Eurogroup meeting, nevertheless one “consolation prize” is…
A new president for the Greek National Tourism Organization (GNTO) was announced on Thursday following a relevant decision by the tourism minister, which was published in the government gazette.
Civil…
By A. Doga [email protected]
Three out of 10 non-performing loans (NPLs) in Greece are unsalvageable, whereas Greek banks claim their data shows that another 20 to 25 percent of the…
The Greek central government’s revenues were mostly on target during the first five months of 2017, with the benchmark now being the Medium-Term Fiscal Strategy – after its ratification – rather…
The Greek government appeared to lower expectations for a crucial Eurogroup meeting on Thursday and prospects for a breakthrough in achieving debt relief, with an unnamed source quoted as saying…
By L. Karageorgos [email protected]
US-based Hines, one of the biggest real estate investment funds in the world, has acquired the iconic Athens Ledra Hotel for 33.05 million euros.
Hines submitted…
A new Greek-Russian chamber of commerce, based in the northern port city of Thessaloniki, is expected to begin operation in the coming period. The new chamber is an initiative f…
Greek military authorities on Wednesday reported two separate instances of Turkish warplanes flying over Greek islets in the eastern Aegean, which are violations of national air space and infringement of…
