By Vassilis Kostoulas [email protected]
The current Greek government started to search for ways to alter the third bailout memorandum immediately after it was signed with institutional creditors in August 2015,…
Reuters on Tuesday reported that four binding bids were tabled for a majority stake in Ethniki General Insurance Co. S.A., the insurance subsidiary of National Bank of Greece, Greece’s oldest…
A mere 69 individual tax codes, corresponding to taxpayers or business entities, owe more than 100 million euros each to Greece’s tax bureau, with the specific codes equaling arrears of…
By N. Bellos
A top Eurozone official on Tuesday morning estimated that Friday’s Eurogroup meeting in Malta will not be greeted with a staff-level agreement between Athens and institutional creditors,…
The relevant justice minister on Monday evening promised to modify a law aimed to ease prison overcrowding in Greece, which was ratified under his predecessor, but which has been blamed…
Bloomberg on Monday evening reported that a trio of top Greek ministers may be headed back to Brussels on Tuesday for face-to-face negotiations with creditors’ representatives.
The news agency cited…
Handelsblatt on Monday pointed directly to the landmark 1953 London Agreement, which essentially forgave post-war Germany’s external debts, as applicable in the present day to the Greek debt crisis.
In again wading…
More pension and tax system reforms apparently remains the IMF’s “medicine” to cure bailout-dependent Greece, as the Fund’s managing director, Christine Lagarde, insisted on Monday.
Moreover, the powerful IMF chief…
By N. Bellos [email protected]
The EU Commission on Monday again called on all sides involved to conclude the second review of the Greek program “as soon as possible”, as yet…
By G. Kanoupakis [email protected]
A plan to sell-off certain Public Power Corp. (PPC) production plants, especially lignite-fired units in northern Greece, is reportedly continuing unabated, despite protestations by top government…
By A. Tsimplakis [email protected]
Chinese multinational Cosco, the concession holder of the Piraeus Port Authority (OLP), last week more-or-less confirmed interest in two major shipyards in the wider Piraeus industrial…
By T. Tsiros [email protected]
The margins for achieving a staff-level agreement by Friday’s Eurogroup meeting in Friday became even tighter over the weekend, as essentially no substantive progress was reported…
G. Kouros [email protected]
The embattled Tsipras government is apparently ready to proceed with a significant reduction in the tax-free threshold for annual income in order to meet a standing demand…
The Greek-flagged merchant marine fleet posted a mostly positive result in terms of safety for 2016, with 1,832 vessels on the registry above 100 DWT reporting only 14 maritime accidents.
The…
By I. Zafolia [email protected]
The Athens Stock Exchange (ASE) generated profits of one billion euros over the first quarter of 2017, with the bourse’s capitalization totaling 46 billion euros as…
Greek Prime Minister Alexis Tsipras over the weekend reiterated that his government wants a “comprehensive solution” in negotiations with creditors that includes debt relief measures for the crisis-battered country.
His…
An easyJet plane carrying 184 passengers from London Gatwick to Larnaca on Friday that had to be diverted to a Turkish airport due to poor weather conditions over the east…
Eurogroup chairman Jeroen Dijsselbloem on Friday severely deflated hopes that Athens and institutional creditors will achieve a staff-level agreement by an April 7 Eurogroup meeting in Malta.
Dijsselbloem, speaking less…
By L. Karageorgos [email protected]
Despite a bevy of announcements, proposals and high-profile initiatives for new hotel investment in the greater Athens area over recent years, actual figures show a reduced…
The Greek government on Friday denied same-day press reports claiming disagreements between Prime Minister Alexis Tsipras and Finance Minister Euclid Tsakalotos, amid swirling speculation in Athens over the course of…
A Commission spokeswoman on Friday again merely confirmed that no date was set for a return of creditors’ negotiators to Athens in order to resume talks to finally conclude a…
A controversial deputy education minister, who hails from the small rightist-populist party that serves as the junior coalition partner, on Friday said he “disagrees with everything”, when asked about new…
By N. Bellos
A Euro Working Group meeting in Brussels wound up on Thursday evening without a date set for a return of creditors’ negotiators to Athens in order to…
Both National Bank (NBG) and Alpha Bank, the second and fourth largest lenders in the country based on assets, reported a second straight profitable quarter in Q4 2016.
NBG reported…
Greece has still has returned to “sustainable growth”, influential Bank of Greece (BoG) Gov. Yannis Stournaras said on Thursday, speaking at an Economist conference in Athens.
Moreover, in his now…
Greece’s main opposition leader Kyriakos Mitsotakis on Thursday reiterated the need for structural reforms in the crisis-battered country, during contacts on the sidelines of the European People’s Party (EPP) summit…
Eurogroup chairman Jeroen Dijsselbloem on Thursday warned that a staff-level agreement between the Greek side and institutional creditors has still not been achieved, slightly dampening widespread speculation this week that…
The latest political mini-furor in Athens this week, on the margins of crucial developments regarding the second review of the Greek bailout and efforts for economic recovering, focused on a…
By T. Tsiros & N. Bellos
Fiscal targets, or fiscal “adjustment”, will come in two installment after the end of the current third bailout in August 2018, according to reports…
The Independent Authority for Public Revenues, a memorandum-mandated entity that was inaugurated at the beginning of the year, released findings this week from the application of electronic cross-checking of bank…
