German Deputy finance minister Jens Spahn said he considers an agreement over the Greek program with IMF participation but without conditional debt relief as likely.
The senior member of Angela…
Athens-based Euroxx Securities this week offered a more-or-less optimistic outlook for Greece’s four systemic banks in 2017, despite the significant challenges the banking sector is facing, with a forecast of…
Greece’s budget posted a primary surplus of 1.019 billion euros in January 2017, slightly up from a corresponding figure of 1.003 billion in January 2016. The figure exceeded the target…
Bank of Greece (BoG) Gov. Yannis Stournaras on Friday told the central bank’s shareholders that Greece’s continued membership in the common European currency is imperative for the east Mediterranean country…
By A. Doga [email protected]
Greece’s systemic banks are battling on at least four “fronts” in their efforts to reduce non-performing loans, a massive problem for the country’s crisis-battered banking sector.…
Greek Prime Minister Alexis Tsipras defended results of Monday’s Eurogroup meeting, saying it was a “decisive step” towards concluding the now delayed second review of the Greek program, results he…
Prospects of a more flexible IMF participation in the Greek bailout, due to whatever policy changes in Washington by the Trump administration, more-or-less fell by the wayside on Thursday with…
By T. Tsiros & M. Hatzikonstantinou
One apparent “thorn” in looming talks between the Greek side and creditors is the former’s demand to decide on how whatever savings from another…
The city council of a western Greece municipality this week voted against issuing an operating license to international retailer H&M, with chamber officials in Agrinio also opposing the prospect.
In…
The state-of-the-art Stavros Niarchos Foundation Cultural Centre (SNFCC) was formally handed over to the Greek state on Thursday evening, as the multiplex facility will host the National Library and the…
Another two Turkish servicemen are being held in the northeastern city of Alexandroupolis after crossing the border and requesting political asylum, with initial reports saying authorities are investigating whether the…
The IMF’s overall methodology in examining the sustainability of sovereign debt was posted on the Fund’s blog on Thursday, with the article signed by Sean Hagan, Maurice Obstfeld, and Poul…
Greek Prime Minister Alexis Tsipras spoke on the phone with IMF Managing Director Christine Lagarde on Tuesday evening, government sources confirmed on Thursday, as the timing of the call would…
Economic reforms and debt restructuring remain the IMF’s standing demands for its return to the Greek bailout as a lender, with IMF spokesman Gerry Rice again spelling out the Fund’s…
Greek Finance Minister Euclid Tsakalotos returned to Parliament’s podium on Thursday, amid criticism that he avoided public statements after Monday’s Eurogroup, insisting that any measures taken to conclude a second…
By G. Hatzilidis [email protected]
The Thessaloniki-based Savvidis investment group on Wednesday purchased a 4.5-percent share of the Souroti Agricultural Cooperative in northern Greece, thereby nearing the 50-percent threshold for control…
By A. Tsiblakis & V. Vegiri
Interest in the privatization of the Thessaloniki Port Authority (OL.Th) is reportedly waning, as two out of the five possible candidates have reportedly abandoned…
Greek Finance Minister Euclid Tsakalotos reportedly harked back on his prep school days in England to employ a famous quote often attributed to Mark Twain in order to respond to…
The heads of two of Greece’s top non-partisan economic bodies on Wednesday stressed that an acceleration of reforms in practically all sectors is necessary for a recovery, statements that dampened…
Noted Greek film director Nikos Koundouros died on Wednesday in Athens at the age of 90.
Koundouros was best known for his 1956 feature-length movie “Drakos” (Monster), a landmark “film…
By N. Bellos
EU Commissioner Pierre Moscovici referred to a compromise on Monday, which opens the way for a return of creditors’ negotiators to Athens, as balanced and foreseeing that…
The latest call for “Grexit” being heard out of Germany has a far-left coloring, as Die Linke vice-president and Bundestag member Sahra Wagenknecht said that if remaining in the unified…
By D. Alexaki [email protected]
March 1 has been set as the inauguration of the Sklavenitis super market group’s new “hypermarket” affiliated, a corporate entity controlled by Sklavenitis that is expected…
By S. Papapetros [email protected]
January 2017 recorded a surge in unemployment in crisis-battered Greece, while a continuing decrease in average salaries in the tax-swamped private sector was the result of…
By S. Papapetros [email protected]
January 2017 recorded a surge in unemployment in crisis-battered Greece, while a continuing decrease in average salaries in the tax-swamped private sector was the result of…
The economy ministry on Tuesday unveiled a long-expected “road map” for the out-of-court settlement of debts and arrears by over-burdened businesses, with the draft proposal now needing creditors’ approval in…
Controversial former Greek finance minister Yanis Varoufakis took to Twitter on Tuesday to skewer the latest developments involving the gasping Greek bailout program, a day after a compromise between Athens…
Powerful German Finance Minister Wolfgang Schaeuble kept the pressure up on the leftist Greek government on Tuesday, a day after a compromise between Athens and creditors bringσ back the latter’s…
By T. Tsiros [email protected]
“Measures and counter-measures” was the leftist Greek government’s catch-phrase on Monday evening in the wake of a Eurogroup meeting that essentially opened the way for a…
The Bank of Greece (BoG) on Monday announced that Greece’s current account posted a deficit of 933 million euros in December 2016, up by 150 million euros, yoy.
The BoG…
