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Friday, 16 December 2016

Juncker, Tsipras speak by phone as creditors wrap up Athens negotiations

By N. Bellos  The course of the Greek program in the wake of a conclusion of talks between the Greek side and institutional creditors’ representatives was the subject of Friday’s…

Merkel says she’ll hear out Tsipras, but Eurogroup to decide on bailout program issues; increased references to Turkey

German Chancellor Angela Merkel reiterated on Friday, albeit in an affable tone, that decisions on the Greek bailout program are not taken in Berlin but at the Eurogroup setting, a…

BoG also cites risk from ‘holiday bonus’ given by Greek PM to pensioners

The Bank of Greece’s (BoG) interim report for monetary policy on Friday echoed European creditors in citing risks for achieving fiscal targets due to the recent and surprise announcement of…

Shock waves from Ladenburger murder case extend to Greece; suspect released via leniency law

The latest flare-up in Greek-German relations came this week when authorities in both countries confirmed that a teenage Afghan man sentenced to jail in Greece in 2014 for attempted homicide…

Athens looks forward to Merkel-Tsipras meeting on Fri.; migrant issue expected to be opened

Expectations from Friday’s scheduled meeting in Berlin between German Chancellor Angela Merkel and visiting Greek Prime Minister Alexis Tsipras are low, according to a report by DW the same day.…

BoG report on monetary policy: Continue program reforms towards economic recovery

The Bank of Greece (BoG) on Friday released its interim report for monetary policy in 2016, as per its institutional obligation, with its primary message being a continuation of memorandum-mandated…

Thursday, 15 December 2016

Shock waves from Ladenburger murder case extend to Greece; suspect released via leniency law

The latest flare-up in Greek-German relations came this week when authorities in both countries confirmed that a teenage Afghan man sentenced to jail in Greece in 2014 for attempted homicide…

Varoufakis: Tsipras has taken path that will not end well

Contentious former Greek minister Yianis Varoufakis struck again this week from Athens, grimly predicting that his former political ally, Greek Prime Minister Alexis Tsipras, faces a bleak future. “The path…

ESM official: ‘Holiday bonus’ raises concerns over MoU; not expected to affect forthcoming fiscal targets

A European Stability Mechanism (ESM) spokesman on Thursday warned that last week’s abrupt “holiday bonus” announced by the Greek prime minister raises concerns over Athens’ bailout commitments, while nevertheless adding…

‘Holiday bonus’ to pensioners easily passed in Parliament

A decision to give some 1.6 million pensioners a “holiday bonus” worth 617 million euros was easily ratified by Parliament MPs on Thursday afternoon, with 196 deputies voting in favor…

Greek FinMin: No decision by Eurogroup over ‘freeze’ of short-term debt relief

The Eurogroup, i.e. Eurozone member-states’ finance ministers, has not taken any decision regarding a freezing of short-term debt relief measures for Greece, Greek FinMin Euclid Tsakalotos told reporters in Berlin…

City of Athens, Aegean and Airport team up to better promote Greek capital

The Athens Tourism Partnership (ΑΤΡ), an initiative aimed to better promote tourism in the Greek capital, was presented on Thursday by Athens Mayor Giorgos Kaminis at City Hall. The municipality…

Reports: Moscovici points to ‘sole’ opposition for Tsipras’ ‘holiday bonus’ by creditors

Greek Prime Minister Alexis Tsipras met with European Commissioner Pierre Moscovici on the sidelines of a Party of European Socialists (PES) summit in Brussels on Thursday, with reports attributed to…

Political sniping continues over controversial ‘holiday bonus’ to pensioners; ND not expected to approve

Main opposition New Democracy (ND) party’s deputies in Parliament will vote “present” in Thursday’s role call vote for a one-off holiday bonus announced last week by the Greek premier for…

2016 budget execution nears successful completion; revenue targets exceeded

Greece’s tax-laden 2016 state budget is nearing a successful completion, with only 3.3 billion euros remaining to be collected over the last month of the year to meet annual revenue…

Wednesday, 14 December 2016

Ruling party to ask for roll-call vote on ‘holiday bonus’ to pensioners

Ruling SYRIZA party will request a roll call vote on Thursday for a one-off bonus to 1.6 million pensioners in Greece, a procedure viewed as trying to “corner” the political…

Piraeus Bank CEO appointment issue postponed to Fri.; ESM intervenes in process

By A. Doga Decisions regarding appointments for Athens-based systemic lender Piraeus Bank’s top management have been bumped to Friday.  On Wednesday afternoon a board of directors meeting was interrupted so…

Sources to “N”: Athens to lobby for IMF exit from Greek program

The embattled Tsipras government is experiencing another «Quo Vadis» moment this week, with the Greek prime minister expected to request from German Chancellor Angela Merkel that the IMF completely exit…

Casino relocation provision abruptly withdrawn from draft bill

A provision in an omnibus draft bill that would have facilitated the relocation of the greater Athens area’s only casino from atop Mt. Parnitha to a more accessible site has…

ESM freezes debt relief measures, citing Tsipras’ ‘holiday bonuses’

Short-term debt relief measures announced last week for Greek will be suspended at least until January, the European Financial Stability Facility (EFSF) abruptly announced on Wednesday. The reason given is…

Αttica Bank recapitalization set for late Jan. 2017

By A. Doga A recapitalization of non-systemic lender Attica Bank is scheduled for late January 2017, with a capital infusion of 70 million euros expected to come from an investor…

Berlin requests creditors review recent bonus package announced by Tsipras

Germany’s finance ministry on Wednesday confirmed that its leadership has requested that Greece’s institutional creditors assess a recent one-off bonus announced by the Greek prime minister late last week. In…

Fraport, transport ministry agree over maintenance works at Thessaloniki airport

A “hiccup” between the German-Greek consortium that won a concession for 14 regional airports and the relevant transport ministry was averted this week, after scheduled runway maintenance at Thessaloniki’s airport…

Draft bill contains provision for casino at Helleniko property redevelopment site

By T. Igoumenidi A rider in a draft bill tabled on Monday foresees a new casino gaming license for the Helleniko property development concession in coastal southeast Athens, as well…

Tuesday, 13 December 2016

Tsipras defiant after IMF criticism; creditors’ surprise over holiday bonus to pensioners

Greek Prime Minister Alexis Tsipras returned to a defiant tone vis-à-vis creditors on Tuesday — almost a year and a half after the third memorandum was signed — saying “we…

Mitsotakis: Cutting tax rates, slashing state spending a priority

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Tuesday referred to three “priorities”, as he said, to finally achieve Greece’s exit from the ongoing seven-year economic crisis. Speaking before…

Archaeologists point to discovery of “lost” ancient city in central Greece

Archaeologists from the universities of Gothenburg and Bournemouth say they have stumbled upon a “lost” ancient city near the present-day village of Vlohos, in the central Greece province of Thessaly.…

Regling on ESM’s role in short-term debt relief

European Stability Mechanism (ESM) Managing Director and European Financial Stability Facility (EFSF) CEO Klaus Regling took to the “newsletter” format on Tuesday to highlight the more-or-less expected short-term debt relief…

Tsakalotos to Guardian: IMF ‘economizing truth’; denies agreement for high fiscal goals after 2019

Greek FinMin Euclid Tsakalotos shot back at the IMF’s very public and stinging criticism of the Greek program on Monday, which salvos fired at both the leftist government in Athens…

Varoufakis claims Schaeuble told him support withdrawn from Samaras govt in June 2014

Flamboyant and equally controversial former Greek finance minister Yanis Varoufakis on Tuesday claimed that German Finance Minister Wolfgang Schaeuble had already decided by June 2014 to withdraw support from the…