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Wednesday, 29 March 2017

Handelsblatt: Berlin believes long-term interest rate freeze on Greek loans could cost up to 140bln€

German mass daily Handelsblatt this week claimed it has a German finance ministry document in its possession warning that any “freeze” in interest rates tacked on to Greek loans until…

Tuesday, 28 March 2017

Weapons found in mosque in NE border village, imam arrested

A Muslim imam in the northeastern prefecture of Xanthi was arrested this week on weapons charges, after three firearms and a small cache of ammunition were found in a mosque…

Greek FinMin appears optimistic over looming conclusion of review; admits to errors

Greek Finance Minister Euclid Tsakalotos appeared optimistic on Tuesday that the delayed second review of the bailout program “will conclude sooner than you expect,” even as no date has been…

Next stage of Thessaloniki Port Authority tender in mid April: reports

By V. Vegiri [email protected] Which two of the three consortia that has submitted a bid for purchasing a majority stake in the Thessaloniki Port Authority (OL.Th) will continue into the…

Dozens of violations by Turkish warplanes reported in central Aegean on Tues.

No less that 37 violations by Turkish fighter planes were recorded on Tuesday in the central Aegean, according to Greek military officials in Athens, while in one instance an engagement…

Russian travel agents cite five-fold increase in pre-bookings for Grecian holidays

One sector where “good news” remains the norm in the still recession-battered Greek economy is tourism, with one Russian travel agents reporting pre-bookings for Greece up by four to five…

More felony charges filed against fugitive self-professed billionaire, would-be ‘debt savior’

Prosecutors filed numerous felony charges on Tuesday against a self-declared multi-billionaire roughly a week after he disappeared to avoid incarceration stemming from a previous conviction on embezzlement charges earlier in…

Mitsotakis: Govt now following ‘scorched earth’ policy; demands snap election

Main opposition leader Kyriakos Mitsotakis on Tuesday told top party cadres that the leftist government in Greece is now following a “scorched earth” policy, amid still ongoing efforts to close…

Dep. minister warns of stricter framework for Uber-like providers

Greece’s transports ministry is reportedly eyeing changes to make the country’s legal framework stricter for multinationals offering Internet or app-based transport services, an initiative mostly aimed at Uber-like providers.  …

Greek 10-Year bond yield at 3-week low

The Greek 10-year bond yield was down by 29 basis points in midday trading on Tuesday, a three-week low at 7.19 percent, with the two-year bond yield down 41 basis…

Die Welt on German tourists’ preferences for 2017: Greek desinations gaining on first-place Balearic Isles

German mass daily Die Welt this week reiterated that while the Balearic Islands in the western Mediterranean continue to be first in terms of German tourists’ preferences, Greece is none-the-less…

DM points to goal of ratifying latest agreement with creditors by April 16

The latest “unofficial deadline” for concluding the now utterly delayed second review of the Greek program (third bailout) was given by the controversial defense minister on Tuesday, who pointed to…

Monday, 27 March 2017

Fraport Greece announces consortium loan agreement of nearly one bln€

Fraport Greece on Monday announced that it has concluded a loan agreement worth nearly one billion euros in order to finance its looming assumption of 14 regional airports around Greece.…

Political reactions at prospect of privatization of dominant power utility; union calls strike

Increased speculation in Athens this week that the leftist Greek government will concede to creditors’ standing demands for a liberalization of the energy sector, especially in terms of power generation…

RR holding company eyes user fee increases, ahead of rail operator privatizaton

By F. Zois [email protected] The state-run Hellenic Railways Organization (OSE), which previously operated and exploited all railways activities in the country, is reportedly eyeing an increase in network fees ahead…

Deposits continue to flow out of Greek banks; down 750mln€ in Jan. 2017

More “warning bells” sounded on Monday regarding the course of the still recession-battered Greek economy, with roughly 750 million euros leaving Greek banks’ vaults in February 2017. The negative development…

BoG Gov issues urgent warning over delayed 2nd review

Greece’s influential central banker issued an urgent warning on Monday for an immediate conclusion of the now utterly delayed second review of the Greek program (third bailout), saying recent negative…

Revenue goals achieved in Jan-Feb via greater BoG dividend, resolution of past tax cases; state payments on freeze

By G. Palaitsakis [email protected] State revenues missed targets in several primaries categories over the first two months of the year, such as income tax, VAT remittances and special consumer taxes,…

Reports: Creditors negotiators must return to Athens this week in order to meet unofficial April deadline

By N. Bellos [email protected] Creditors’ top negotiators will have to return to Athens this week in order for a staff-level agreement to be achieved by the April 7 Eurogroup meeting,…

EY study: Undeclared income by self-employed professionals in Greece between 57% to 58.6%

The characteristics of a person with the highest probability of being a prospective tax evader in Greece, according to a recent EY study, are: a self-employed physician who is a…

Sunday, 26 March 2017

BoG Gov: Weak institutions, pol system’s inability to tell people the truth reason Greece is in bailout

Greek central banker Yannis Stournaras pointed to instability on the part of institutions in the country, as well as a lack of credibility and courage on the part of the…

Trump honors Greek Independence Day at the White House

US President Donald Trump paid homage to the Greek Independence Day (March 25) at a ceremony at the White House on Saturday, an annual commemoration first begun under the Reagan…

Saturday, 25 March 2017

Tsipras from Rome: Not the EU we envision; must remain in Union to work for change

Greek Prime Minister Alexis Tsipras sent his message for the country’s Independence Day from the Italian capital on Saturday, where EU leaders signed and issued a joint statement on the…

Saturday marks 196rd anniversary of start of Greek War of Independence

Saturday marked the 196th anniversary of the beginning of Greek War of Independence (1821-1829), a national holiday throughout the country, which is commemorated with pupils’ and military parades. An annual…

Three bidders for majority stake of Thessaloniki port announced

Greece’s privatization fund on Saturday announced that it has received three binding bids for the sale -percent stake of the Thessaloniki Port Authority (OL.Th), which were submitted by a Friday…

Deadline for submitting bids for Thessaloniki port expires; privatization agency mum on exact number

A deadline for submitting binding bids for a 67-percent stake of the Thessaloniki Port Authority’s (OL.Th) shares was concluded on Friday, with the Greek privatization fund’s  (TAIPED or HRADF) declaring himself…

Friday, 24 March 2017

Juncker response to Tsipras letter on EU social acquis

EU Commission President Jean-Claude Juncker called for a rapid conclusion of ongoing negotiations between Athens and its institutional creditors to finally conclude the second review of the current Greek program…

A multi-speed Europe? Yes, but what for?

Βy Yann-Sven Rittelmeyer Policy Analyst European Policy Centre At the occasion of the 60th anniversary of the Rome treaties, the old concept of multi-speed Europe has surfaced again. This already…

Not taking Europe for granted

Susanna Vogt Head of Greece Office Konrad-Adenauer-Stiftung 60 years after the signing of the Treaties of Rome the European Union has to open a thorough and serious debate on its…

Brussels negotiations end; progress in fiscal issues, energy and labor reforms unresolved

By N. Bellos Stepped up negotiations between institutional creditors and a delegation of top Greek ministers wrapped up in Brussels at midnight on Thursday without a final agreement but with…