English

Wednesday, 15 February 2017

Moscovici: IMF an important partner in Greek bailout program

EU Commissioner Pierre Moscovici reiterated in Athens on Wednesday that the IMF is an important partner in the Greek bailout program, in response to press questions after his meeting with…

Analyst: Specter of 4th bailout on the horizon if review not concluded

By Vassilis Kostoulas [email protected] Growing concern over the still delayed conclusion of the second review in tandem with the coming election season in several European countries have rekindled the specter of…

Moscovici begins high-level contacts in Athens aimed to conclude review

EU Commissioner Pierre Moscovici began the first of several one-on-one meetings with Greek leadership on Wednesday, talks aimed directly at unblocking a deadlock over the now utterly delayed second review…

Tuesday, 14 February 2017

Gucci bid for fashion show on the Acropolis turned down

A request by luxury goods icon Gucci to hold and film an international fashion show atop the Acropolis — and with the Parthenon as a backdrop no less — was…

Fraport Greece CEO confident of 14 regional airports’ growth potential; major privatization nears conclusion

Fraport Greece CEO Alexander Zinell this week expressed confidence in the growth potential of the 14 regional airports around Greece whose management the German-Greek consortium will soon assume. Τhe German…

Greek dairy producers livid over lack of PDO status for feta cheese in EU-Canada trade deal

Producers’ groups in Greece reacted angrily on Tuesday to reports that the iconic feta cheese produced in the country will not enjoy a Protected Designations of Origin (PDO) status in…

Dijsselbloem: No review by Feb. 20; IMF participation important to Greek bailout

Eurogroup chairman Jeroen Dijsselbloem on Tuesday warned that a second review of the Greek program will not be concluded by an upcoming Eurogroup meeting on Feb. 20, a previous “unofficial…

Schaeuble-Mitsotakis meeting lasts 75 minutes; ND leader reportedly presents reform-growth strategy

A closely watched meeting in Berlin on Tuesday between visiting Greek main opposition leader Kyriakos Mitsotakis and powerful German Finance Minister Wolfgang Schaeuble lasted for roughly 75 minutes, with sources…

Hellenic Financial Stability Fund seeks to fill vacant CEO position

The Hellenic Financial Stability Fund (HFSF) on Tuesday announced a process to recruit and appoint a new Chief Executive Officer (CEO) for its executive board, with a selection panel to…

Greek super market turnover drops 6.5%; major chains post increases

By D. Alexaki 2016 marked the worst performance over the past five-year period for Greece’s retain super market sector, which over the specific year saw a decrease of 6.5 percent…

EZ source: Still no fixed date for return of negotiators to Athens

By N. Bellos Institutional creditors have still not received word from the Greek government as to whether the latter accepts the latest proposal by the former, which was tabled last…

Monday, 13 February 2017

Poll: Support for ND at 33%, 16.5 for SYRIZA

The latest nationwide opinion poll in Greece again showed a double-digit lead by center-right New Democracy (ND) over leftist SYRIZA, the party that dominates the government coalition. Specifically, ND is…

BoG’s Stournaras: Closeness to IMF’s positions, not its methods

Bank of Greece (BoG) Gov. Yannis Stournaras said a report by the ECB over the Greek debt’s sustainability is ready, with only medium-term measures remaining to be included. His comments…

IMF’s Lagarde: Can’t compromise principles for specific case

IMF Managing Director Christine Lagarde on Monday again waded into the knotty Greek program saga by stressing that the Fund is doing its best over the bailout, but cannot compromise…

Reports: Mitsotakis tells German chancellor Greece’s place within EU, EZ core

Greek opposition leader Kyriakos Mitsotakis took his pro-reform plan to finally exit the economic crisis on the road to Berlin on Monday, reportedly stressing to German Chancellor Angela Merkel that…

BoG Gov.: Conclude review now; conditions will worse in the future

Bank of Greece (BoG) Gov. Yannis Stournaras on Monday added his encouragement towards the rapid conclusion of the delayed second review of the Greek program, saying “conditions will be much…

Business federation: Danger of economic regression over delayed 2nd review

The Hellenic Federation of Enterprises (SEV) on Monday reiterated that a foreseen and absolutely imperative economic recovery in crisis-battered Greece depends on a rapid conclusion of the now delayed Greek…

Moscovici in Athens on Wed.

EU Commissioner Pierre Moscovici will reportedly arrive in Athens on Wednesday in a lightning visit to try an unblock the current impasse in the Greek bailout program, according to a…

Gucci wants Acropolis for fashion show; decision pending

Haute couture with the quintessence of classical antiquity as the backdrop is the idea proposed by iconic multinational Gucci, which has petitioned Greece’s powerful Central Archaeological Council (KAS) to allow…

New ruling frees up Lambrakis Group bank account; Ta Nea, Vima expected to re-appear on newsstands

The head of Athens’ first instance courts on Monday overturned a previous temporary ruling rejecting a motion to unblock a bank account held by the Lambrakis Press Group (DOL), by…

Commission: Greek economy posted growth in 2016

By N. Bellos [email protected] The European Commission on Monday revised, upwards, its forecasts for Greek economic growth in 2016, while confirming that the recovery will continue in 2017 — but…

Sueddeutsche Zeitung on Mitsotakis’ closely watched meetings on Mon. with Merkel, Schaeuble

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis’ two-day visit to Berlin, for talks with German leadership, was featured in a front-page article in Monday’s Sueddeutsche Zeitung, where the latter…

Obstacles remain in transfer of 14 regional airports’ management to Fraport-led consortium

By F. Zois [email protected] A final agreement between all three sides involved in the concession for 14 regional airports around Greece — the Greek state, the German-Greek consortium that won…

Hoteliers insist on suspension of overnight stay surcharge

Some 1,000 hoteliers attending the annual general assembly of the Hellenic Chamber of Hotels on Friday in central Athens enthusiastic greeted a proposal by the chamber’s president towards the relevant…

Sunday, 12 February 2017

Efforts to neutralize WWII-era bomb underway; massive evacuation in northern Greece district

Some 72,000 residents in the Thessaloniki-area Kordelio district were being evacuated on Sunday from a perimeter 1,900 meters around where a WWII-era bomb was discovered. An effort to neutralize the…

Saturday, 11 February 2017

Juncker: Greek bailout on ‘shaky ground’ due to undecided IMF

European Commission President Jean-Claude Juncker on Saturday once again engaged in “damage control” to allay yet another impasse bedeviling a Greek bailout, telling German radio that the program could collapse…

Marinopoulos rescue plan clears another legal hurdle

By D. Alexaki A last-ditch rescue and restructuring plan for troubled the troubled supermarket retailer Marinopoulos  cleared another hurdle on Friday after a ruling by a three-judge first instance court in…

Greek shipping interests continue to press for IMO lead in greenhouse gas emission reduction effort

Greek shipping interests, foremost among Europe’s maritime shipping blocs, stepped up pressure on the EU this month to agree that the International Maritime Organization (IMO) is the best and foremost…

Prospects of milder precautionary measures, in two tranches, emerge after Fri. meeting between Greek side, creditors

By N. Bellos & T. Tsiros   Representatives of institutional creditors will reportedly return to Athens this coming week for renewed negotiations with the Greek government to finally conclude a…

Friday, 10 February 2017

Meeting between Greek side, creditors ends; no date for return of negotiators

A meeting in Brussels between high-ranking representatives of Greece’s institutional creditors with a Greek delegation led by Finance Minister Euclid Tsakalotos ended just before 8 p.m. local time. According to…