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Wednesday, 30 November 2016

Μoscovici to “N”: ‘This Greek govt really delivers’; negotiations impossible with Varoufakis

By V. Kostoulas European Commissioner Pierre Moscovici concluded numerous meetings and appearances in Athens this week by emphasizing that Greece is a sovereign state that imposes the taxes it wants,…

Greek PM attends, makes brief eulogy at Castro memorial

Greek Prime Minister Alexis Tsipras represented the country at a memorial service in Havana on Tuesday for late Cuban leader Fidel Castro, beginning his brief eulogy — one of many…

Tuesday, 29 November 2016

FinMin: Dec. 5 a ‘landmark’ for bailout program, economy; govt spox: No ‘Plan B’

The leftist Tsipras government is apparently “doubling down” this week on the prospect of both achieving a second review of the Greek program (third bailout) by the unofficial Dec. 5…

Moscovici leaves open possibility of lower fiscal targets for Athens after 2018

European Commissioner Pierre Moscovici continued his stepped up contacts and appearances in the Greek capital on Tuesday by leaving open the possibility of lower  2018 fiscal targets demanded of the…

EWG: Progress in talks over Greek program; outstanding issues remain

The EWG’s conclusions from its lengthy Monday session echoed previous and repeated Eurozone officials’ statements of “progress in talks” towards a second review of the Greek program, in tandem with…

Dijsselbloem: All types of Greek debt relief measures on Dec 5 Eurogroup agenda

By N. Bellos Eurogroup chair Jeroen Dijsselbloem on Tuesday told MEPs that all types of measures envisioning Greek debt relief will be discussed at next week’s Dec. 5 meeting of…

Athens tables ‘win-win’ proposal to ease fiscal targets, bridge differences between IMF, Europeans

Athens’ proposal to encourage the IMF and European creditors to compromise on the Greek program — but without adversely affecting the Greek side — foresees a reduction of high primary…

Monday, 28 November 2016

Mitsotakis meets with Bulgarian leadership in Sofia; contacts with Greek business community

Main opposition New Democracy (ND) president Kyriakos Mitsotakis met with Bulgarian leadership on Monday in Sofia, as he was received separately by Bulgarian PM Boyko Borissov and Bulgarian President Rosen…

Tsipras, Moscovici discuss bailout program, debt relief

Greek Prime Minister Alexis Tsipras on Monday received visiting European Commissioner Pierre Moscovici, with talks – according to the former’σ office – focusing on the Greek program and the overall…

Draghi: Greek debt relief would be in Eurozone’s interest

By Nikos Bellos [email protected] ECB President Mario Draghi said it was to the Eurozone’s benefit for a solution to be hatched for Greek debt relief, saying momentum must not be lost.…

Moscovici: IMF should return to Greek program; time has come to discuss debt relief

EU Commissioner Pierre Moscovici laid bare the differences between European creditors and the IMF concerning the Greek program (third bailout) in an address in Athens on Monday, during a day…

ΕCB’s Cœure praises reforms completed by Athens, says more remain

European Central Bank (ECB) executive board member Benoît Cœuré had soothing words for his Greek hosts on Monday, where he told an audience at an economic conference in Athens that…

Regling negative to debt ‘haircut’; relief only if necessary at end of program

European Stability Mechanism (ESM) Managing Director Klaus Regling appeared categorically against the prospect of a “haircut” for the Greek debt, without however, ruling out relief measures such as an extension…

OECD also forecasts Greek GDP economic rebound in 2017-18

The Organization for Economic Cooperation and Development (OECD) on Monday mostly echoed European creditors, the IMF and the Greek government in announcing that the recession-battered Greek economy returned to growth…

Creditors reportedly nix prospect of more favorable regime for payment of arrears to state

By G. Kouros A new proposal tabled by Greece’s institutional creditors also reportedly dampens any prospect of instituting a more favorable regime for paying off arrears to the state, or…

Crunch time — again — for Greek economy, society, political system

By G. Kouros Fast-forward seven years into Greece’s punishing and unremitting economic crisis and 35 percent of the population appears in danger of falling under the EU’s poverty and social…

Greek PM in Cuba for event honoring Castro

Greek Prime Minister Alexis Tsipras will depart for Cuba on Monday evening to in order to attend a memorial service for Fidel Castro in Havana this week. Government sources on…

Sunday, 27 November 2016

‘Hell week’ begins on Mon. for govt’s quest to conclude 2nd review, commence debt relief talks

Yet another crucial week for the current Greek program – the third bailout since 2010 — begins anew on Monday, with only days left for Athens to achieve a timely…

Greek leadership reacts to death of Fidel Castro

Greek leadership joined the international chorus of reaction over the weekend on the occasion of Cuban leader Fidel Castro passing, with statements by political leaders mostly mirroring their ideological foundations.…

Top honor for well-known shipowner A. Martinos

Eastern Mediterranean Maritime Ltd. founder Athanasios Martinos was the recipient of this year’s top honor by the Hellenic Institute for Marine Technology (ELINT) for his major contributions to the global…

Finance ministry promises to expand ‘safari’ for undeclared assets, incomes in 2017

By G. Kouros The finance ministry’s continued “safari” to locate and tax undeclared income and assets held in Greece and abroad by alleged tax evaders and Greek citizens using tax…

Heavy rains cause problems in greater Athens area

A torrential thunder storm over the greater Athens area in the early morning hours of Sunday caused several flood-related problems, including knocking out three metro stations. More than 200 calls…

Friday, 25 November 2016

First 897 mln€ οf 2.36 bln approved for Greece via ‘Juncker plan’

Some 897 million euros out of the 154-billion-euro  “Juncker package” have already been approved by the European Investment Bank (EIB) for nine separate projects in Greece from the specific initiative,…

‘Black Friday’ debuts as a smashing success in Greece

“Black Friday” emerged as a resounding success in Greece this week, as several store chains and the major shopping malls reported record sales and long lines of shoppers waiting to…

Juncker, Tsipras speak by phone; latter calls for quick conclusion to 2nd review ahead of debt talks

By N. Bellos EU Commission President Jean-Claude Juncker conveyed his support towards Athens to conclude a second review of the Greek program in the coming period, so that efforts can…

Upwardly revised revenue target for 2016 will need 8.1 bln€ to flow into state coffers by end of year

By T. Tsiros Tax revenues worth 8.1 billion euros must be collected by the finance ministry services over the last two months of 2016 in order achieve the revised, upwards,…

Finance ministry: surplus value tax will again be suspended; 24-mln€ gap in 2017 left in its wake

Finance ministry officials on Thursday quickly clarified that two articles in the revised tax code allowing for the re-imposition of a surplus value tax on property transactions will remain suspended…

Woman, grandson die in fire at refugee ‘hotspot’ on Lesvos

A 60-year-old woman and her five-year-old grandson, identified as Kurds from Iraq, were killed in a fire at the Moria “hotspot” on the eastern Aegean island of Lesvos on Thursday…

Thursday, 24 November 2016

National Bank group returns to profitability over first 9-month period of 2016

National Bank of Greece (NBG)  group returned to profitability over the January-September 2016 period, with after- tax earnings totaling 26 million euros, up from a loss of 1.7 billion euros…

Simitis: Exit from crisis depends on return to growth, EZ developments

Former Greek prime minister Costas Simitis, who held power between 1996 and 2004, is expected to outline his premise that the ongoing and punishing economic crisis in the country has…