Embattled Greek Finance Minister Euclid Tsakalotos took to the Internet this week to label the EU’s Growth and Stability Pact as a “permanent straightjacket”, while charging that the ECB, which…
The Stavros Niarchos Foundation, established with a massive grant left by the late Greek shipping tycoon of the same name, is set to turn over a state-of-the-art new cultural center…
The government on Wednesday, through sources close to the minister of state’s office, downplayed concerns over last-minute “hiccups” in a bankruptcy court decision paving the way for a complex deal…
Some six million taxpayers in Greece are obliged to pay roughly four billion euros into the state coffers of the crisis-battered country until Dec. 30, the last working day of…
The written assurances provided by Greece’s FinMin to European creditors over the weekend in order to free-up the process for finalizing short-term debt relief measures for the country generated a…
The leftist Greek government on Tuesday released a letter containing Athens’ written assurances, as conveyed by FinMin Euclid Tsakalotos to European creditors on Christmas Eve, in order to unblock negotiations…
By T. Tsiros
The latest deadline to conclude the now delayed second review of the Greek program (third review) has a new year behind the date — Jan. 26, 2017…
The leftist SYRIZA government reportedly promised creditors that social security reforms in Greece will not be affected from a recent surprise welfare payment to pensioners, whereas a one-year suspension of…
Eurogroup chairman Jeroen Dijsselbloem on Saturday said negotiations for short-term debt relief measures for Greece will resume, following same-day written assurances conveyed by the country’s finance minister that Athens is…
The value of assets held by the average family in Greece and Cyprus shrunk by nearly 40 percent during the substantial economic crisis between 2010 and 2014, figures released by…
By Y. Kanoupakis & L. Karageorgos
Greece-based Gastrade S.A. last month announced an agreement to sell 20 percent of its share capital to GasLog Ltd., a listed shipping company on…
Additional lending to the Greek state, to the tune of 100 billion euros, if primary budget surplus targets are lowered for the country after 2018 is the report circulated on…
By N. Bellos
Eurozone officials remain cautiously optimistic that an agreement to unblock short-term debt relief measures for Greece can be reached before the new year, although written assurances requested…
Negotiations over the Greek adjustment program (third bailout) sputtered to a standstill this week, as the now very publicly aired disagreements between the leftist government in Athens with the IMF…
An end-of-year “tit-for-tat” between official Athens and Berlin resurfaced this week, with German Finance Minister Wolfgang Schaeuble quoted by Die Zeit as asking, rhetorically, why Greek Prime Minister Alexis Tsipras…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Thursday continued to ramp up his criticism of Greek PM Alexis Tsipras and his government, pointing to what he called their…
Prime Minister Alexis Tsipras on Thursday referred to a “surplus of spirit” shown by the Greek people in “welcoming people who fled from their countries”, a reference to the exploding…
Greek Prime Minister Alexis Tsipras on Thursday said his leftist government’s intent is to quickly conclude the now delayed second review of the Greek program (third bailout), “so that the…
The president of systemic Eurobank Ergasias S.A., Nikos Karamouzis, was unanimously chosen this week by members of the Hellenic Bank Association’s (EET) board of directors to succeed former National Bank…
The International Monetary Fund (IMF) is apparently standing by its positions regarding the Greek adjustment program and, in fact, deflecting most of the criticism it attracted — most notably by…
A draft bill amendment suspending a harmonization of VAT rates on various eastern Aegean islands for a year — not indefinitely — was unanimously ratified by Parliament deputies attending the…
By N. Bellos
“Continuing progress” was the way a top Eurozone official referred to a second day of negotiations between Eurozone representatives and the Greek government, talks aimed to unblock…
By Stelios Papapetros [email protected]
A monthly benefit allocated to Greece’s low-income pensioners will be cut by 50 percent in 2017, as per a memorandum obligation signed by the current government, a…
A third round of talks within the EWG setting emerged as a prospect on Wednesday as government sources told “N” that a demand by Eurozone partners that Athens offer written…
Greece’s finance minister, Euclid Tsakalos, will reportedly be the top Cabinet official that will sign his name to a written assurance that the leftist Greek government will not repeat a…
By L. Karageorgos
Greek owners and Greek-run shipping companies in 2016 again took the global lead in the second hand vessel market, according to figures compiled and released this week…
The dominant power utility in Greece, state-run Public Power Corp. (PPC), on Wednesday announced profits over the first nine months of 2016 reaching 69.5 million euros, up from 5.9 million…
The number of registered unemployed increased for the third straight month, according to the relevant Manpower Employment Organization (OAED), which measures joblessness in the country and dolls out unemployment benefits.…
Former PASOK party leader and finance minister Evangelos Venizelos this week revealed that powerful German Finance Minister Wolfgang Schaeuble on at least two occasions proposed a “Grexit” prospect, complete with…
By Dimitris Hatzinikolas
EuroWorking Group (EWG) president Thomas Wieser has reportedly requested written assurances from Greece’s leftist government that it will not replicate the “holiday bonus” allocated this month to some…
