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Tuesday, 21 February 2017

Greek govt accepts ‘precautionary measures’, bid to ‘sweeten bitter pill’ now the focus

Monday’s breakthrough in talks between creditors and the leftist Greek government means a return of negotiators to Athens — next week — to conclude the second review of the now…

Merkel’s biographer: Schaeuble had prepared Grexit framework in 2015

By Vassilis Kostoulas [email protected] Martin Schulz would attempt to show his toughness if elected as German chancellor, whereas Angela Merkel has already proved her mettle, the latter’s biographer told “N”…

Monday, 20 February 2017

Shipowners, union still at odds over contract; shipping sector eyes employment of tens of thousands of young Greek adults

By L. Karageoros & A. Tsiblakis [email protected] – [email protected] Greek-owned shipping interests and the primary union representing Greek seamen continue to clash over the labor regime governing some 5,000 Greek-owned vessels…

Govt promises that any addition austerity will be accompanied by off-set measures

The embattled Greek government painted the Monday’s decision to return creditors’ negotiators to Athens, in order to conclude the second review of the bailout program, as a “very positive development,”…

Dijsselbloem on Monday agreement over Greek program: ‘It’s to the IMF’s liking’

Eurogroup chairman Jeroen Dijsselbloem confirmed on Monday afternoon that creditors’ negotiators will head back to Athens in the short term to conclude a delayed second review of the Greek bailout.…

Dijsselbloem confirms returns of negotiators to Athens; decision by Eurogroup after staff-level agreement

Eurogroup chairman Jeroen Dijsselbloem confirmed on Monday afternoon that creditors’ negotiators will head back to Athens in the short term to conclude a delayed second review of the Greek bailout.…

Athens refers to agreement for return of creditors’ negotiators

The Greek government on Monday afternoon referred to an agreement with creditors’ top representatives to will open the way for a return of negotiating teams to return to Athens after…

Greek delegation meeting with creditors’ top representatives ahead of Eurogroup

By N. Bellos Common ground to allow a return of creditors’ top representatives and negotiators to Athens is the focus of talks early Monday afternoon between Eurozone officials and the…

Athens pays off 2 bln€ debt owed to ESM

Monday started off with a positive development for the embattled Greek government – hours before a Eurogroup meeting – as the European Stability Mechanism (ESM) announced that it has on…

Commission to again probe Greek rail company’s massive debts; privatization threatened

By F. Zois A re-examining by the EU Commission of the case concerning state subsidies to Greece’s rail operator, extending into the hundreds of millions of euros, is the latest…

Costa Navarino to host first-ever Messinia Pro-Am golf tourney this month

The Costa Navarino resort in extreme southwestern Greece will kick off its 2017 golf season by hosting the inaugural Messinia Pro-Am tournament from Feb. 21 to Feb. 24, with a…

Greek labor minister: IMF’s forecasts based on erroneous estimates

By S. Papapetros Greece’s labor minister this week warned that any serious labor law infractions will result in companies being excluded from public sector tenders for a certain time period…

Sunday, 19 February 2017

‘Vocation fee’ alive and well in 2017 for self-employed, businesses

Tens of thousands of self-employed professionals in Greece will again be called upon to fork over a “vocation fee” of between 500 to 650 euros to the tax bureau. The…

Reports claim state again seizing funds’ reserves; Govt howls ‘fake news’, blames ND opposition

The term “fake news” has now emerged in Greece’s political vernacular, with the leftist government over the weekend blaming the center-right main opposition party for circulating baseless, as it charges,…

Only 41 mln€ disbursed in Jan 2017 to cover state arrears

A mere 41 million euros was disbursed by state coffers last month to ease state arrears towards the private sector, according to figures released by the Bank of Greece (BoG)…

12 major issues still block 2nd review of Greek program

Up to 12 issues remain, more-or-less, unresolved as far as institutional creditors and Athens are concerned, ones that still hinder a conclusion to the now precariously delayed second review of…

Friday, 17 February 2017

Regling: No need for another program if Greece implements reforms

European Stability Mechanism (ESM) Managing Director Klaus Regling appeared optimistic on Friday that Greece will not need institutional creditors’ financial support in his upcoming second five-year term at the post,…

Athens points to latest Turkish provocation in eastern Aegean; live fire exercise involved

Athens on Friday pointed to what it called the latest Turkish military provocation in the eastern Aegean, charging that a Turkish navy patrol boat not only entered and remained Greek…

ND lead over ruling SYRIZA in latest poll

Main opposition party New Democracy (ND) continued to field a double-digit lead over ruling leftist SYRIZA in a latest opinion poll, which showed it ahead by 13 percentage points. The…

Inflation increases in Greece after 46 straight months; ‘tax tsunami’ blamed

Inflation finally “reared its head” in Greece after 46 straight months of no inflation or even deflation, with January 2017 results showing a slight uptick in prices, a development, however,…

Der Spiegel: IMF to rejoin Greek program as lender, but with smaller contribution

The IMF is expected to resume its participate in the Greek program as a lender, and to the tune of five billion euros, according to a Der Spiegel dispatch on…

Painter Mytaras, 83, passes away

Well-known Greek artist Dimitris Mytaras died on Friday at the age of 83. Mytaras, who was primarily known as a painter whose works mostly revolved around the human form, had…

Fraport Greece leadership continues briefings of local gov’ts; talks held with Kavala-area officials

Fraport Greece CEO Alexander Zinell this week visited the Kavala area of northern Greece, as the airport serving the region is one of 14 that the German-Greek consortium will operate…

Tsipras to Mitsotakis: You’re wearing IMF’s jersey; Mitsotakis: You’ve revived Grexit speculation

An off-the-agenda “brunch-time” debate in Greece’s Parliament on Friday, ostensibly held on the issue of citizens’ security and charges of rising crime rates, more-or-less expectedly veered  towards the still delayed…

Greek minister appeals to IMF chief via FT letter; says pension figures misleading

Greek labor minister Effie Achtsioglou makes the case against further cuts for the country’s pensioners in a letter addressed and published to the “Financial Times”, where she says she hopes…

Thursday, 16 February 2017

Piraeus Port Authority pre-tax profits up 13% in 2016

The now Cosco-managed Piraeus Port Authority on Thursday reported a 13-percent increase in  pre-tax profits for 2016, with turnover totaling 103.5 million euros, up from 99.9 million in 2015. Pre-tax…

Reports: Groups of self-styled anarchists repeatedly targeting Athens’ mass transit system

Vandalism of machines that invalidate tickets aboard mass transit buses, trolleys and even metro stations is reaching epidemic proportions in the greater Athens area, with police reports pointing to “crews”…

Top EZ official on delayed Greek program: ‘It’s not like red wine, where over time it gets better’

By N. Bellos [email protected] A decision allowing creditors’ top negotiators to return to Greece for talks to conclude the second review of the Greek program could be taken at Monday’s…

Greece-based Taxibeat sold to mytaxi

Athens-based Taxibeat on Thursday announced the company’s purchase by European multinational mytaxi, one of the best-known applications for electronic hailing of taxis, cabs and other hired vehicles in Europe. No…

Tsakalotos: ‘Viable compromise’ over Greek program in Europe’s best interests

Greek Finance Minister Euclid Tsakalotos said the best proof that Europe is “ahead of developments” and that it can solve its problems in a timely manner is for all sides…