Parliament president Nikos Voutsis was the latest top ruling SYRIZA party cadre this week to warn that a “contingency package” of extra spending cuts, as demanded by creditors, will not…
A reference on Wednesday to the “sustainability of Greece’s public debt” in the agenda for an extraordinary May 9 Eurogroup meeting essentially puts the issue of Greece’s debt on the…
By Anna Doga
Greek systemic banks will reportedly deal with six out of 10 non-performing loans with “internal management”, with roughly two out of 10 such loans set for resale…
A retired Greek military commander on Wednesday referred to a “serious danger” of an incident due to recent provocative Turkish activity in the eastern Aegean, speaking on local Athens radio…
The European Council on Wednesday afternoon announced that an extraordinary Eurogroup meeting would be held on May 9 to “discuss the state of play of the macroeconomic adjustment programme for Greece”. …
Greek lender Eurobank, one of four systemic banks in the country, on Wednesday pointed to a pressing need for an improvement in the domestic economic environment in order to reduce…
A business association in the northern port city of Thessaloniki has estimated losses from the continued closure of Greece’s main rail line, leading north out of the country, at four…
The pre-Easter season retail turnover in Greece was estimated to have slipped by 7 percent this year, in comparison with 2015, the relevant chamber of commerce head announced on Tuesday.…
Thousands of self-employed taxpayers in Greece will be eligible for the tax-free annual income ceiling of 9,545 euros, which is applied for 2015 to wage-earners and pensioners.
The measure, cited…
This week’s “no” to an urgent Greek request for an extraordinary Euro summit to push for a “political solution” to the resurgent Greek issue means that the “ball” will remain…
By Dimitris Hatzinikolas
Negotiations over the delayed first review of the Greek program (third bailout) between Athens and its institutional creditors this week reportedly focused on the legal preparation for…
The European Commission forecasts a continued recession in Greece for 2016, estimating that GDP in the country will fall by 0.3 percent, instead of a previous prediction of -0.7 percent.…
A top government meeting chaired by Greek PM Alexis Tsipras was held on Tuesday afternoon, with all eyes now on a May 9 Eurogroup meeting as the latest deadline to…
The chair of the the supervisory arm of the European Central Bank (ECB), Danièle Nouy, cited “political events” as drastically affecting Greek banks in comparison with other European banks’ viability prospects.
“Banks…
The leftst Greek government on Saturday launched a sharp attack on mass media in the country that it considers as hostile, as pressure has dramatically built up over the previous…
Political messages with an Easter theme were in order over the weekend by Greek leaders, as Easter Sunday is celebrated in the predominately Easter Orthodox country this weekend.
On his…
Standard & Poor’s continued to rate the Public Power Corp.’s credit rating at CCC-, with the outlook for Greece’s biggest power provider remaining “negative”.
S&P’s review cited the liquidity crunch faced…
By Anna Doga Less tax revenue and slack effectiveness is one characteristic of Greece’s tax system in comparison with other European Union peers, a study by Athens-based Piraeus Bank…
By Lambros Karageorgos
Significant changes in the “traditional model” of Greek shipping ownership is one likely result of the current crisis plaguing the sector, as shipping rates have fallen to…
Bank of Greece Governor Yannis Stournaras on Thursday expressed his view that an agreement between Athens and its institutional creditors will soon be achieved, in a matter of days, as…
The latest business sector to express its opposition to more taxes on its products are brewers, who in a letter to the finance ministry warned that a hike in the…
Continuing violations of national airpace in the eastern Aegean region by Turkish warplanes – a heightened and worrying phenomenon over recent weeks – were recorded on Thursday, with two instances of fighter…
Eurogroup chief Jeroen Dijsselbloem has informed the Greek finance minister Euclid Tsakalotos that Eurozone finance ministers will meet on May 9 in Brussels to discuss Greece.
European Council President Donald Tusk said…
The stalled and tenuous negotiations between the Greek government and institutional lenders have expectedly generated political reverberations in Athens, with a minister of state on Thursday accusing main opposition New…
By Lambros Karageorgou
Significant changes in the “traditional model” of Greek shipping ownership is one likely result of the current crisis plaguing the sector, as shipping rates have fallen to…
This week’s “no” to an urgent Greek request for an extraordinary Euro summit to push for a “political solution” to the resurgent Greek issue means that the “ball” will remain…
Bank deposits continued to drop in Greece in March 2016, albeit at a slower rate than the previous month, February 2016.
Households withdrew some 250 million euros from Greek banks…
By Nikos Bellos
The EU Commission and its president, Jean-Claude Juncker, continue to believe that a “contingency package” of measues to ensure that the Greek program meets its goals through…
Βy Vassilis Korkidis, ESEE & PCCI President
The Mediterranean region faces profound political changes accompanied by geopolitical instability, imense economic and social challenges. Poverty, high level of structural unemployment, and…
One proposal by the Greek government this week to allay creditors’ concerns that primary budget surplus targets will be met by the country through 2018 was to link the tax-free…
