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Tuesday, 13 December 2016

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Varoufakis claims Schaeuble told him support withdrawn from Samaras govt in June 2014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

Commission spox: Brussels considers Greek program policies correct; able to lead to sustainable growth

By N. Bellos A European Commission spokeswoman on Tuesday made it clear that the Commission does not share the position expressed by top IMF officials Maurice Obstfeld and Poul Thomsen…

IMF: Greek govt, European creditors responsible for setting high fiscal targets after

The International Monetary Fund (IMF) is unequivocally pointing to the current Greek government as responsible for the high primary budget surplus targets (3.5 percent of GDP) that it ostensibly agreed…

Monday, 12 December 2016

Tsipras cites parameter of ‘European uncertainty’ in order to deflect pressure for post-2019 measures

Greek Prime Minister Alexis Tsipras reportedly told members of his ruling SYRIZA party’s political secretariat on Monday evening that “growth and measures after 2019” are not compatible, referring reports of…

IMF’s Thomsen defends Fund’s positions; says 2017 Greek budget a deterrent to growth

The IMF went on Monday went on a major “PR offensive” to defend its positions over the once again stumbling Greek program by pointing to what it identifies as chronic…

Employers’ group calls surprise “Christmas bonus” to pensioners a ‘high risk action’

The Hellenic Federation of Enterprises (SEV) on Monday warned that Greek Prime Minister Alexis Tsipras’ recent announcement of a 617-million-euro “holiday bonus” for up to 1.6 million pensioners is a…

Creditors’ reps to return to Athens on Tues. for continued negotiations

By N. Bellos The high-ranking representatives of Greece’s institutional creditors, which have graduated into the current unofficial “Quartet”, will return to Athens on Tuesday.  According to a Commission spokeswoman on…

New greater Athens area bus terminal projected to cost 300mln€

A final study ahead of the building and operation of a bus terminal for all inter-city routes leading to and from the greater Athens area is expected to be delivered…

Draft bill to further expand e-transactions expected before end of year

By G. Kouros A much-heralded draft bill aimed to expand the use of electronic transactions in the previously cash-dominant Greek economy is reportedly in the final stages of completion before…

FinMin: Cites prospect of new budget ‘cutter’ after 2019

Greek FinMin Euclid Tsakalotos over the weekend touched on the prospect of a new automatic spending cut mechanism to emerge after 2019, a process aimed to immediate rectify whatever fiscal…

French ambassador: I cannot imagine a 4th Greek bailout

By Vassilis Kostoulas [email protected] French ambassador to Greece Christophe Chantepy underlined this month that he cannot fathom a fourth bailout for the east Mediterranean country, while emphasizing that the second…

Tsipras eyes political solution to resolve stalemate in all Greek program issues

By D. Hatzidimitriou Greek Prime Minister Alexis Tsipras’ confident statement that elections will be held in the autumn of 2019, “and not a day earlier,” may have satisfied increasingly jittery…

Bomb neutralized outside labor ministry in Athens

A makeshift explosive device placed directly outside the labor ministry in downtown Athens was neutralized by a police bomb squad early Monday morning, after a caller phoned the switchboard of…

Sunday, 11 December 2016

Tsipras heads to Berlin for tête–à–tête with Merkel on Fri.

Greek Prime Minister Alexis Tsipras will reportedly hold a series of one-on-one meetings with top European leaders this week on the sidelines of a European summit in Brussels, contacts aimed…

Owner fires shotgun into the air to prevent rumble between migrants from pouring over into cafe

A cafe owner on the eastern Aegean island of Hios (Chios) fired into the air with a shotgun on Sunday afternoon to break-up a “rumble” between rival groups of irregular…

Draft 2017 budget passes by slim margin; Tsipras promises to hold power until 2019

A razor-slim government majority ratified the 2017 draft budget in Parliament on Saturday evening, a more-or-less foregone conclusion, given that a negative vote would have meant the collapse of the…

Athens conveys condolences, support in wake of Istanbul attack

Greece’s foreign ministry expressed the country’s deep condolences on Sunday over the deadly explosion in Istanbul the previous evening, reiterating that “…we stand firm by the side of our friends…

ND again outpolls ruling SYRIZA by 15% points in latest poll

A15-percentage-point difference between ruling SYRIZA and main opposition New Democracy (ND), in favor of the latter, appears more-or-less entrenched, at least in terms of opinion poll results. The latest figures…

Saturday, 10 December 2016

Greek FinMin: We feel betrayed by the IMF

Greek Finance Minister Euclid Tsakalotos said his leftist government feels “betrayed” by the IMF, saying the Fund “instead of saying it will not participate in the (Greek bailout) program is…

Friday, 09 December 2016

Alt. FinMin: Revenue target will be surpassed by 1 bln€ in 2016; IMF wants more austerity measures to rejoin bailout

Alternate Finance Minister Giorgos Houliarakis on Friday told lawmakers that he estimates a revenue target for 2016 will be surpassed by more than one billion euros, speaking during debate in…

Regling: Institutions not briefed over Athens’ ‘holiday bonus’ to pensioners

European Stability Mechanism (ESM) Managing Director Klaus Regling on Friday said the Tsipras government’s plan to allocate a holiday bonus to some 1.6 million Greek pensioners was not previously discussed…

Ankara reacts over latest decision by Greek court to block extradition of Turkish servicemen

Turkey’s foreign ministry on Friday issued a response to the third and last ruling by an appellate level council in Athens on Thursday blocking extradition of another two of eight…

Govt spox confident creditors won’t oppose 617mln€ ‘holiday bonus’ dolled out to 1.6 mln pensioners

The leftist Greek government’s spokesman on Friday dismissed the possibility of the country’s institutional creditors objecting to a one-off “holiday” bonus announced by Prime Minister Alexis Tsipras the previous evening.…

Nearly 200 African irregular migrants reach Lesvos overnight; group released from Turkish detention

Nearly 200 third country nationals, identified as adult males from sub-Saharan Africa, reached the eastern Aegean island of Lesvos overnight in boats, having first disembarked from the opposite Turkish coast.…

Economy Minister Papadimitriou says comment on high taxes not damaging nat’l competiveness taken out of context

New Greek Economy and Development Minister Dimitri Papadimitriou, who was recently recruited from a top academic position in the United States for the leftist Greek government’s Cabinet, blamed an “out-of-context”…

Thursday, 08 December 2016

Third hearing rejects Ankara extradition demand for two of eight Turkish officers requesting asylum

Two out of three is this week’s utterly peculiar result of separate hearings before a council of appellate justices on Turkey’s extradition request for eight Turkish military officers and NCOs…

Another 1.4 bln€ in arrears added in Oct. 2016; 11.8 bln piled on between Jan-Oct

By Giorgos Palaitsakis [email protected]  Arrears towards the Greek state inched closer to the “landmark” 100 billion-euro mark in October 2016, with official figures putting it at 94 billion euros, of which…