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Wednesday, 20 April 2016

Tsipras: Greece ‘one step’ from exiting crisis; ND leader criticises govt over public safety record

Greek Prime Minister Alexis Tsipras on Wednesday again forecast that the recession-plagued country was “one step from the crisis’ exit”, in statements during an off-the-agenda debate in Parliament over public…

Papandreou: IMF concerns over Greek state finances as far back as 2005

Former Greek prime minister George Papandreou, in televised statements on Tuesday evening, said the IMF was advising Greece and the EU on the “Greek issue” as far back as 2005,…

Govt unveils wave of higher direct, indirect taxes

Proposed tax hikes and social security cuts have been unveiled by the Greek government in a bid to meet a 3.6-billion euro target, while institutional creditors reportedly continue to demand…

Mayors in southern coastal Athens warn of health, security risks from temporary refugee center at old airport site

Mayors of five municipalities bordering on the old Athens airport in the Helleniko district of southern coastal Athens have sent the Greek prime minister a letter warning of a public…

Wholesale reform of Greek social security system in the works

By Stelios Papapetros Major changes are in store for Greece’s social security system if a draft bill unveiled by the government on Tuesday passes through a “twin process” of lenders’…

Tuesday, 19 April 2016

Lubricants sector continues downward trend in Greece

Greece’s domestic lubricants’ sector is forecast to shrink over the three-year period of 2016-18 but at a slower rate than the 7-percent yearly drop, on average, recorded during the period…

Veteran Greek politician Arsenis dies

Veteran Greek politician and economist Gerasimos Arsenis died on Tuesday at the age of 85. He served as a minister, including the portfolio of national economy, in several socialist PASOK…

Greek super market turnover falls 7.2%, yoy, in first 2 months of 2016

By Danae Alexaki Super market turnover fell by 7.2 percent in the first two months of 2016, although analysts pointed to prospects of better results for the second half of…

Dombrovskis: Agreement between Athens, creditors very close

EU Commission Vice-President Valdis Dombrovskis on Tuesday reiterated from Brussels that a first review of the Greek program is very near completion. He nevertheless reminded that Friday’s Eurogroup meeting in Amsterdam will…

Greek govt dismisses possibility of snap election, referendum

The government spokeswoman on Tuesday dismissed reports that the Tsipras government is considering snap elections or yet another referendum on creditors’ terms, with her comments coming amid a resumption of…

The future of European industry is digital

Andrus Ansip, European Commission Vice-President for the Digital Single Market Günther H. Oettinger, Commissioner for Digital Economy and Society Elżbieta Bieńkowska, Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Carlos…

Latest figures put recent refugees / migrants in Greece at 54K

The Greek government on Tuesday put the number of Mideast refugees and migrants in the country — who entered Greek territory from Turkey over the recent period as part of…

Negotiations between Athens, lenders now shift to ‘fail clause’ measures worth 3 to 3.5 bln€

By Giorgos Kouros Upwards of three billion euros of additional measures are apparently the latest result of hasty negotiations between the Greek government and institutional creditors, with press reports pointing…

Gradual liberalization of NPLs now on the table in bid by Athens to conclude first review

By Thanos Tsiros The Greek government is expected to offer a more compromising position in this week’s renewed talks with institutional creditors over the still pending issue of non-performing loans…

Monday, 18 April 2016

British Airways to begin summer flight schedule to Greece this month

British Airways will inaugurate its summer flight schedule to Greece late in April, with two new routes planned for Kalamata and Chania, Crete, while more flights will be added for…

Commission VP Katainen: Juncker plan involves European financing without Greek state’s involvement

EU Commission Vice-President Jyrki Katainen met with Greek leadership and unveiled the Commission’s so-called “Juncker plan” to Greek Parliament MPs on Monday. During comments before a relevant committee, Katainen also…

Greek govt: We’re ready to fully implement July 2015 agreement, nothing more

Greek government spokeswoman on Monday echoed previous statements by top ministers and PM Alexis Tsipras over a willingness by Athens to implement all of the terms of last summer’s bailout…

Commission spox: Creditors’ reps back in Athens on Monday, Tuesday

Representatives of institutional creditors, the so-called “quartet”, are expected to return to Athens for negotiations either on Monday or Tuesday, a Commission spokesman said in Brussels. Spokesman Margaritis Schinas added…

Sector sources: Pre-bookings down in March, sans UK market

By Antonis Tsiblakis Pro-bookings in March for Greek holidays in 2016 are reportedly down in all “traditional” tourism markets, sans the UK. According to domestic tourism sources, pre-bookings in March,…

Trivago: Rome, Corfu again top Greek tourists’ choices for Orthodox Easter holidays

Rome continues to be the preferred destination for Greek travellers during the upcoming Orthodox Easter season, with Easter week beginning on April 24 and climaxing on Easter Sunday, May 1.…

Idomeni rail line finally cleared of refugee protesters; shippers decry situation

Greece’s main north-south rail line leading out of the country was finally opened on Monday after being closed at the Idomeni border post for 30 days due to third country…

Govt tax draft bill expected this week

The government appears ready to table a draft bill envisioning almost across-the-board tax increases, worth 3.6 billion euros, in Parliament this week, despite no previous agreement over the package with…

Sunday, 17 April 2016

Schäuble, Sapin in Greek program; both insist on IMF role

Both German Finance Minister Wolfgang Schäuble and his French counterpart Michel Sapin appeared optimistic that an agreement to achieve a first review between Greece and its institutional lenders is possible…

Τsipras now points to May 1 as target for first review by creditors; SYRIZA continues to trail in opinion polls

Greek Prime Minister Alexis Tsipras again reiterated his government’ s belief that a first review of the Greek program (third bailout) can be achieved by Orthodox Easter (May 1), which…

Greek finance ministry reveals first figures of ongoing income tax returns for 2015

Tax returns are now being filed in Greece at an average of 21,000 per day, despite uncertainty over which tax hikes will be tacked on to this year’s declarations and an ongoing…

Saturday, 16 April 2016

Greek banks get boost from ECB decision allowing sale of EFSF notes

A European Central Bank decision on Friday to make EFSF bonds – used to recapitalize Greek banks under the most recent Greek bailout program – eligible for purchase under its QE plan…

Greek ministers again try to navigate between opposition IMF, European positions on bailout program review

Negotiations between the Greek government’s top ministers and international leaders focusing directly on the still unresolved issue of a first review for the Greek program (third bailout) shifted to Washington…

Pope Francis begins symbolic visit to Lesvos; greeted by Patriach

Roman Catholic Pope Francis arrived on the eastern Aegean island of Lesvos (Lesbos) on Saturday morning as part of a Vatican effort to focus international attention and relief efforts on…

Friday, 15 April 2016

Greek budget primary surplus at 2.679 bln euros in Jan-Mar period‏

Greece’s primary budget surplus totaled 2.679 billion euros in the first quarter of 2016, up from 1.732 billion over the corresponding period last year and bettering a target of 1.095…

Political leaders clash in Parliament; ND ahead in latest opinion poll

A Parliament debate on Friday over a proposal to establish a committee of inquiry to probe political parties’ finances as well as bank loans to parties and mass media in…