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Thursday, 01 June 2017

Bundesbank echoes hard-line Schaeuble position: Greek debt sustainability not dependent on debt relief

A barrage of statements, assessments and policy points that suddenly emerged from Berlin this week regarding the Greek program appears to have dampened expectations by the Tsipras government – as…

Mytilineos group unveils 400 mln€-project for new aluminum production unit

By C. Deligiannis The Mytilineos group on Thursday announced an investment reaching 400 million euros for its aluminum production complex at the Aspra Spitia site, in south-central Greece, on the…

Schaeuble: Despite progress, burdens have fallen on weakest strata of Greek society

German Finance Minister Wolfgang Schaeuble on Thursday again firmly entered the fray in terms of the Greek program, saying that although progress has been achieved, Greek leadership has nevertheless put…

Top German ecnomist: Schaeuble not expected to back down to IMF over Greek debt issue

Top German economist Lars Feld on Thursday told participants at an Economist conference in Frankfurt that he believes German Finance Minister Wolfgang Schaeuble will not back down in negotiations with…

Handelsblatt: French proposal would link Greek debt relief to economic growth rate

German financial daily Handelsblatt on Wednesday pointed to a French proposal to link Greek debt relief with the rate of economic growth in the still recession-battered country. The Frankfurt-based paper…

Tsipras wants solution for return to markets – Bloomberg: Better offer for Greek debt relief slim

Bloomberg on Wednesday quoted “officials involved in negotiations” over the increasingly gasping Greek bailout program as stressing that no substantial improvement is expected at a coming Eurogroup meeting over a…

IMD competitiveness report shows Greek economy sliding backwards; Venezuela in last place

By G. Hatzilidis [email protected] The crisis-battered Greek economy fell one spot on the annual global competitiveness rankings compiled by the International Institute for Management Development (IMD), dropping from the already…

Govt announces intent to award several port concessions for cruise ship infrastructure, certain services

The relevant shipping minister this week promised to push through Parliament at least 10 concessions in ports around the country for infrastructure and services dealing with the cruise ship sector,…

Wednesday, 31 May 2017

Greek exports up in Q1 2017 over Q2 2016; exports shoot up due to oil prices, new vessel purchases

By J. Kanoupakis [email protected] Greek exports, including refined fuel products, increased by 20.3 percent in value over the first quarter of 2017 to reach 6.79 billion euros, up from 5.56…

Eurobank study: Debt relief framework should be expanded to include even most pessimistic forecasts

A special study by Athens-based lender Eurobank has calculated that the current framework in place for Greek debt relief, as decided during a May 2016 Eurogroup, may not be sufficient…

Former PM Constantine Mitsotakis to be buried on Thursday in native Crete

The body of former prime minister Constantine Mitsotakis was flown to the large island of Crete on Wednesday aboard a military transport plane, as a burial service will follow on…

Shipowner Marinakis submits highest bid for DOL media group

Greek shipowner Vangelis Marinakis has submitted the highest bid for the troubled Lambrakis Press Organization (DOL), with his offer reaching 23 million euros. Offers were unsealed on Wednesday in Athens…

Privatization fund accepts 600-mln€ offer to extend Athens airport concession by 20 year

Greece’s privatization fund (HRADF) on Wednesday announced that it has accepted an improved offer by the Athens International Airport SA (AIA), the company which manages the airport, to extend the…

Provisional winner in int’l tender for new Irakleio, Crete airport

The Ariadne Airport Group consortium has been declared the provisional winner of an international tender to build a new airport on Crete, and specifically at the Kasteli site. Ariadne is…

Tsakalotos takes debt relief plea to heart of Euro zone

Greek Finance Minister Euclid Tsakalotos again called for clarity in debt relief measures for crisis-bedeviled Greece, taking his message on Wednesday to the heart of the Euro zone, Frankfurt. Speaking…

Schaeuble calls anemic IMF forecasts for long-term Greek economic growth ‘unrealistic’

The “tug-of-war” between the IMF and German Finance Minister Wolfgang Schaeuble over the gasping Greek bailout program continued on Wednesday, with dpa quoting the powerful German minister as dismissing the…

ECB’s Coeure: No specificity in debt relief measures emerged from May 22 Eurogroup; debt sustainability imperative

European Central Bank (ECB) executive board member Benoit Coeure reiterated on Wednesday that the Euro zone’s central bank will make a decision over the Greek debt’s sustainability independently. In echoing…

Crucial contacts continuing to find common ground between Athens, creditors ahead of latest ‘unofficial deadline’ of June 15

The next few days are crucial for achieving an agreement at the June 15 Eurogroup meeting regarding the Greek program, with contacts and deliberations ongoing at the highest political level…

Privatization fund requests better offer for 20-year concession extension for Athens airport

Greece’s privatization fund (HRADF) on Tuesday announced that its board of directors requested an improved offer for a 20-year extension of the concession agreement in place for the Athens International…

Tuesday, 30 May 2017

Tsipras on the phone with Merkel, Macron, Tusk to press for last-minute debt relief

Greek Prime Minister Alexis Tsipras spoke by phone with Angela Merkel, Emmanuel Macron and EU Council President Donald Tusk over the last 24 hours to press for a Greek debt…

Energean signs landmark deal to supply Israel’s Dalia with natgas from deposits in Israeli EEZ

Greece-based Energean Oil & Gas on Tuesday signed a landmark deal with Israel’s Dalia energy group to provide the latter with natural gas from the Karish and Tanin deposits, which…

Greek FinMin: Bild distorted statements; no issue of skipping July bailout payment

Greek Finance Minister Euclid Tsakalotos on Tuesday charged that German daily “Bild” distorted his statements – made a day earlier to reporters – in order to support its claim that…

Govt spokesman dismisses ‘Bild’ report over debt payment

The government spokesman on Tuesday referred to “political expediencies” as behind the same-day “Bild” article, which claimed that Athens is considering – if pressed – to avoid the next bailout…

Bild claim: Athens eyeing prospect of missing July bailout repayment

An eyebrow-raising dispatch by the German mass daily “Bild” on Tuesday claimed the Tsipras government is considering an option to skip a coming bailout payment unless creditors extend debt relief…

Uber eyes Greece: ‘Taxi drivers our partners, not competitors’, company exec maintains

By Vassilis Kostoulas [email protected] High-flying Uber, the app-based international services company that uses private drivers linked by its hand-held technology, has arrived in Greece and wants to expand. Faced with…

Monday, 29 May 2017

Tsakalotos: Looking for good, not perfect solution at coming Eurogroup

The Greek side on Monday appeared to lower its oft-repeated expectations of an agreement with creditors at the coming Eurogroup meeting on June 15, with the relevant finance minister telling…

ND retains comfortable lead over ruling SYRIZA party

Main opposition New Democracy (ND) party leads ruling SYRIZA by 16 percentage points in the latest opinion poll published on Monday. The poll was presented on the prime-time newscast of…

Pilot of Mirage 2000 that crashed in sea region safely parachutes

The pilot of a Hellenic Air Force Mirage 2000 that went down in a sea region south of the Sporades island chain in the central Aegean on Monday morning parachuted…

US envoy marks passing of Constantine Mitsotakis

US ambassador to Greece Geoffrey Pyatt on Monday commented on the death of former Greek prime minister Constantine Mitsotakis, referring to a “great statesman” who improved US-Greek relations. “Another great…

Wife of injured former PM says letter bomb’s explosive material located in CD case

The wife of former Greek prime minister Lucas Papademos, who was injured in a letter bomb attack last Friday, on Monday said the explosive material was located in a CD…