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Thursday, 16 March 2017

Athens reacts angrily to Reuters report over snap election prospect

The Greek prime minister’s office reacted angrily to a same-day Reuters report asserting that the embattled leftist government in Athens is considering snap elections. In fact, a statement circulated to…

BoG Gov: Successive bailout programs, despite painful costs, improved economy’s growth prospects

By A. Doga adoga@naftemporiki.gr Bank of Greece (BoG) Gov. Yannis Stournaras on Wednesday again called for a compromise between Athens and institutional creditors to overcome differences and finally achieve a…

Anti-state terror gang claims responsibility for letter bomb sent to German finance ministry

A shadowy urban terror group on Thursday assumed responsibility for the sending of an explosive-laced parcel to the German finance ministry. The “Conspiracy of Fire Nuclei”, which has in the…

Wednesday, 15 March 2017

German media report: Booby-trapped parcel sent to finance ministry in Berlin sent from Greece

According to exclusive information cited by Märkische Allgemeine, the parcel reportedly lists a sender with an address in Greece, while a Greek postal stamp was also visible – or so…

NPLs, liquidity and still imposed capital controls dominate meeting between ND leader, banks’ reps

Increased liquidity for Greece’s still “asphyxiated” credit sector and the “Olympus-sized” mountain of non-performing loans (NPLs) dominated talks on Wednesday between main opposition New Democracy (ND) leader Kyriakos Mitsotakis and…

Ministers brief SYRIZA MPs over negotiations with creditors

Greek Finance Minister Euclid Tsakalotos and Labor Minister Efi Achtsioglou on Wednesday briefed groups of deputies of ruling SYRIZA party over the course of still ongoing negotiations between Athens and…

Parliament Budget Office: Greece needs debt restructuring in tandem with ‘crucial reforms’

The increasingly outspoken Parliament Budget Office, an independent entity under the legislature’s jurisdiction, on Wednesday again reiterated the need for a “serious restructuring of Greece’s debt”. Moreover, the Budget Office,…

Health minister points to very high incidence of c-sections in Greece; double the European average

Greek Health Minister Andreas Xanthos this week called for better monitoring and “counter-incentives” to reduce the extremely high incidence of caesarean sections in the country, as a percentage of births.…

2 Pussy Riot members at Onassis Cultural Centre in Athens this month

Two of the members of Russia’s controversial Pussy Riot rock group will be in Athens later this month for an appearance at the Onassis Cultural Centre. The event, entitled “Who…

SSM chief focuses on massive problem of NPLs, NPEs plaguing Greek banks

By A. Doga adoga@naftemporiki.gr A pressing need to better manage Greek banks’ “bad loan” portfolios dominated the contacts that the chairwoman of the European Central Bank’s (ECB) supervisory board, and…

ND leader: Continuing delays in review means QE inclusion becomes remote

By M. Hatziconstantinou chatzikon@parliament.gr Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Tuesday continued to hammer away at the embattled leftist Greek government, as yet another “unofficial deadline” to…

Partial ‘stop payment’, higher BoG dividend behind inflated Greek primary budget surplus in Jan-Feb

The finance ministry’s very tight spending practices at the beginning of 2017 emerged on Tuesday with the release of  provisional data, amended on cash basis, which showed a 423-million-euros surplus…

Tuesday, 14 March 2017

Reports: Sale nears for 70% of Athens’ Metropolitan Hospital

Investors’ interest in private Greek medical clinics suddenly emerged this week with reports that the CVC Capital Partners fund will proceed with the purchase of 70 percent of Metropolitan Hospital…

EU source: Staff level agreement by March 20 very remote

By N. Bellos nbellos@naftemporiki.gr Although long-distance negotiations between the Greek government and institutional creditors’ top representatives are continuing to try and resolve differences blocking a conclusion to the second review…

Archaeologists: Vergina fortifications date to reign of post-Alexander King Cassander

Excavation works over the 2016 season at the Vergina archaeological site brought to light a wall dated to the Macedonian period, a development that long-time researchers of the specific dig…

Monday’s Eurogroup to include Greek program issue

Monday’s Eurogroup meeting agenda includes the issue of the Greek program’s review, the European Commission announced on Tuesday, while adding that recent developments regarding the now utterly delayed second review…

Union study: Public sector employees better paid in Greece than private economy counterparts

A report by the largest Greek union confederation this week shows a “two-speed” labor sector in Greece, with employees in the wider public sector enjoying, on average, higher wages and…

DiaNEOsis survey: Average Greeks wants smaller state, less taxes, but still weary of capitalism

Βy Vassilis Kostoulas vkost@naftemporiki.gr The average Greek citizen, eight years into an unprecedented post-war economic implosion, now wants a smaller state and lower taxes — cornerstones of a western liberal…

Monday, 13 March 2017

Latest poll again gives ND ‘double score’ lead over ruling SYRIZA

Main opposition New Democracy (ND) continues to field “double score” leads over ruling SYRIZA party, with the latest opinion poll in Greece showing the center-right party ahead of the hard…

ETUC/ETUI study: Wages in Greece slipped by 3.1% between 2009-2016

Wages in Greece declined by 3.1 percent, on average, every year in Greece from 2009 to 2016, according to a study published this week by the European Trade Union Confederation…

Govt remains confident over ‘countervailing’ aspect of any new austerity package, slim Parliament majority

By Y. Kanoupakis jkan@naftemporiki.gr​ The Greek government spokesman appeared confident on Monday that whatever new austerity measures will be enacted and simultaneously implemented with corresponding countervailing measures, with the latter…

Dijsselbloem to Dutch Parliament: Greek countervailing measures on line only if fiscal targets met

Eurogroup chairman Jeroen Dijsselbloem on Monday briefed the Dutch Parliament, in his capacity as the finance minister in the Netherlands, that Greece must exceed the primary budget surplus goals of…

All eyes on upcoming quarterly Greek GDP figures as 2017 begins with ‘hiccups’, impasse over 2nd review

Concerns that forecasts of GDP growth in the crisis-battered Greek economy are at risk have emerged even before the end of the first quarter of 2017, as the year figures…

All eyes on upcoming quarterly Greek GDP figures as 2017 begins with ‘hiccups’, impasse over 2nd review

Concerns that forecasts of GDP growth in the crisis-battered Greek economy are at risk have emerged even before the end of the first quarter of 2017, as the year figures…

Hotel purchases warm up in Greece; transactions expected to skyrocket with legal revisions in bank laws

By L. Karageorgos lkar@naftemporiki.gr A bevy of upscale market hotel purchases have been recorded in Greece over the recent period, with market analysts pointing to a surge in tourism arrivals…

ΕCB, SSM executive Nouy in Athens this week; focus on massive NPLs problem expected

By A. Doga Greece’s four systemic banks are expected to point to “macro-economic errors” and uncertainty, in tandem with a deficient institutional framework, as the primary reasons for failure to…

Berlin airport stike affects 2 Aegean routes on Mon.

Aegean announced another cancellation of its flight to/from Berlin’s Tegel Airport on Monday, March 13, due to a strike called by ground crews and other airport personnel. The affected flights…

Sunday, 12 March 2017

Emirates inaugurates Dubai-Athens-Newark routes

Emirates on Sunday inaugurated its highly-anticipated Dubai-Athens-Newark Liberty (New York City metro area) route, with flight EK209 landing at Athens International Airport (AIA) to pick up passengers before continuing for…

Another double-digit lead for ND over SYRIZA in latest opinion poll

Main opposition New Democracy (ND) party continued to enjoy a comfortable double-digit lead against ruling SYRIZA party in the latest opinion poll published in the country. Specifically, ND was preferred…

Fraport, Greek Police (EL.AS) sign contract on security, policing of 14 regional airports

A detailed contract between Greek Police (EL.AS) and the German-Greek consortium set to acquire a 40-year concession for the management  of 14 provincial airports around Greece was finalized and signed late…