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Wednesday, 01 June 2016

ND walks out of debate to overturn off-shore amendment; criticism of govt continues

Main opposition New Democracy (ND) party deputies walked out of a debate on Wednesday morning over an abruptly submitted amendment reversing legislation – passed nearly two weeks ago – that…

Hans-Werner Sinn to “N”: Τhe agreement between Greece and its creditors will lead to a new “debt spiral”

by Natasa Stasinou [email protected] Influential German economist Hans-Werner Sinn continues to maintain that Greece’s temporary exit from the euro zone, in tandem with a debt “haircut”, is unavoidable for the…

ND leaders pays surprise visit to refugee camp; calls for Helleniko site’s immediate evacuation

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis paid a surprise visit to a temporary refugee shelter at the old Athens airport installations in southern coastal Athens, where he called…

Last-minute resolution of remaining issues demanded by creditors

The leftist Greek government will apparently avoid a retroactive deduction of a bonus allocated to low-income pensioners by debuting a so-called “social solidarity” subsidy after July 1, instead of dolling…

Athens to table latest set of amendments linked with creditors’ post-Eurogroup demands

Greek officials and representatives of institutional lenders’ on Tuesday evening held yet another late-night teleconference meeting in an effort to bridge remaining differences, even in the wake of a Eurogroup…

Tuesday, 31 May 2016

Govt promises to vote away article allowing lawmakers’ participation in off-shore companies

An amendment prohibiting the participation of lawmakers in off-shore companies, including holding shares in such entities, will be tabled in Parliament on Wednesday, the government spokeswoman announced on Tuesday. The…

Greek ministry report calls on parents to avoid considering one’s child as … “princess”, “prince”

The political landscape in Greece on Tuesday took an even stranger turn, moreso than “usual”, as a recently completed report by a committee charged with developing a “national dialogue for education”…

Top Athens hotel facing closure; suitors expected

By L. Karageorgos One of Athens’ best known upscale hotels, the Athens Ledra, closed its doors on Tuesday, citing economic difficulties. The hotel, which lies along Athens’ main thoroughfare linking…

French PM Valls, FinMin Sapin in Athens this week

French Prime Minister Manuel Valls will pay an official visit to Greece on Thursday and Friday, accompanied by French FinMin Michel Sapin and the Secretary of State for European Affairs…

Greek DM wants to jointly produce AK-47s with Russia, ‘once embargo ends’

Defence Minister Panos Kammenos on Tuesday told members of a relevant defense committee in Parliament that the leftist Greek government wants to sign an agreement with Russia to jointly produce…

Power utility announces discount for customers that pay bills on time

The head of Greece’s state-run power company, listed PPC, on Tuesday announced a discount for prompt-paying consumers of up to 15 percent, during comments at a relevant committee meeting in…

BoG: Bank credit to the domestic private sector down in April 2016

The annual growth rate of total credit extended to the domestic private sector in Greece stood at -1.9 percent from -2.1 percent in the previous month, the Bank of Greece announced…

First instance court rules in favor of borrowers with Swiss franc-linked loans

A three-justice first instance court in Athens recently ruled in favor of plaintiffs who had borrowed from domestic lenders in denominations and rates linked with the Swiss franc and ended…

Russian interest in Greek rail operator heats up after Putin visit

By F. Zois Russia’s railways operator appears poised to table a bid in a projected privatization of Greek rail operator Trainose, a development that has long been the subject of…

Greek MEP tables question over controversial off-shore article included in austerity package

A Greek MEP has tabled an urgent question at the European Parliament requesting to learn whether a recent amendment in the Greek legal framework relaxing prohibitions against ministers, MPs and…

Almost twice as many bids submitted for latest cadastre contracts

By T. Igoumenidi Roughly twice as many bids were submitted in the recent period for 32 contracts related to Greece’s still under-construction land registry (cadastre), a project begun roughly two…

Minister promises govt will cover social security-related gap

The government on Monday evening said a budget gap resulting from its decision not to retroactively (Jan. 1, 2016) eliminate a monthly bonus (EKAS) allocated to low-income social security beneficiaries…

Maritime minister downplays possibility of provincial ports’ privatization

The relevant maritime minister on Monday evening attempted to allay fears – mostly on the part of unions representing port workers and a bevy of local municipalities – that large provincial…

FAQ on decisions concerning Greece at Eurogroup meeting on 25 May

1. What was decided on the next ESM loan tranche for Greece? The Eurogroup welcomed the full staff-level agreement that was reached between Greece and the institutions. Subject to the…

Monday, 30 May 2016

Mitsotakis: ND the only party that never negotiated Greece’s European

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis emphasized from Luxembourg on Monday evening that his party was the only political force in the country that never negotiated with the…

Furor over article allowing ministers, MPs to participate in off-shore companies

A clash over an obscure but controversial article allowing ministers, lawmakers and top ministry officials to participate in off-shore companies – passed more than a week ago in a latest…

Press report claiming govt cannot implement certain prior actions remains

A press report on Monday claiming that Greek Finance Minister Euclid Tsakalotos has sent institutional creditors letters warning that the Greek government is unable to fulfill the most recent batch…

Putin thanks Athens for hospitality during 2-day official visit

Russian President Vladimir Putin phoned Greek Prime Minister Alexis Tsipras on Monday to express his thanks for the hospitality extended to him and the entire Russian delegation during a two-day…

Exhibition “The Greeks: Agamemnon to Alexander the Great” concludes in Washington D.C.

The iconic exhibition “The Greeks: Agamemnon to Alexander the Great” will open at the last venue on its North American itinerary on June 2 in Washington D.C. after debuting in…

Greece drops to 56th place in global competitiveness index

Greece’s ranking on a global competitiveness index fell by six spots to 56th place, out of 61 countries, according to the Institute for Management Development, which took into consideration four…

Joschka Fischer to “N”: Mediterranean region cannot be transformed into northern Europe

By Vassilis Kostoulas [email protected] @VasKostoulas Europe’s Mediterranean region cannot be transformed into a “northern Europe” model, former German foreign minister and Green Party leader Joschka Fischer emphasized this week, in an…

The three dangers of Brexit

Op-ed by Bruegel Director Guntram Wolff for Naftemporiki As the June 23 U.K. referendum on European Union membership approaches, the outcome looks more uncertain than ever. Some polls show a slight lead…

First loan tranche still delayed as Athens, creditors disagree on prior actions

A teleconference held on Sunday evening between top Greek government officials and representatives of the country’s creditors reportedly failed to bridge differences on a handful of prior actions needed to…

Sunday, 29 May 2016

Opposition charges govt passed article allowing ministers, lawmakers to participate in off-shore companies

An obscure article buried in 7,500 pages of an omnibus draft law passed by a slim majority in Parliament last weekend that allows ministers, deputies and ministry general secretaries to…

Opinion poll gives ND 8-percentage point lead over ruling SYRIZA; 9 out 10 respondents unhappy with govt

Main opposition New Democracy (ND) agains picked up the biggest percentage of respondents’ preferences in a recent opinion poll presented on Friday evening by a local broadcaster, with 25.5 percent…