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Friday, 04 March 2016

ΕU Commissioner Avramopoulos: Greece has until May 12 to control its borders

EU Commission Dimitris Avramopoulos, who holds the home affairs and migration portfolio, on Friday warned that Greece will have until May 12 to identify and register all of the refugees…

Thursday, 03 March 2016

EZ official: Institutional creditors will return to Athens with unified position

Βy Nikos Bellos A top Eurozone official in Brussels appeared optimistic on Thursday that Greece’s institutional creditors will overcome their internal differences vis-à-vis the still pending review of the “Greek…

Commission spokeswoman: Talks between Greece’s institutional creditors ongoing

Talks between Greece’s institutional creditors are making progress, according to the EU Commission spokeswoman in Brussels, a development aimed to facilitate the return of creditors’ top representatives to Athens for…

FinMin Tsakalotos: IMF wants more pension cuts; govt opposed to further reductions

Greek FinMin Euclid Tsakalotos on Thursday said the IMF demands more pension cuts in Greece’s social security sector in order to meeting a primary budget surplus target for 2018, something,…

PM Tsipras says Europe reaction to refugee crisis failing; says Greece bears biggest burden

Greek Prime Minister Alexis Tsipras on Thursday pointed to a failed European response to the ongoing refugee / migrant crisis, as the increasingly acute problem is exasperating the already tedious…

Tusk in Athens for refugee crisis; protests by migrants continue at northern border post

EU Council president Donald Tusk was meeting with Greek leadership in Athens on Thursday ahead of a crucial EU summit on Monday with Turkey, which will exclusively focus on the…

HSBC gives buy ratings for 4 Greek systemic banks

HSBC this week gave crisis-battered Greek systemic banks a nod by issuing buy ratings, days ahead of the expected publication of earnings. The multinational credit institution reiterated its buy rating…

FYRoM’s Ivanov: We want a European solution to refugee crisis; Greece should not assume burden alone

The former Yugoslav Republic of Macedonia (fYRoM) wants a European solution and has absolutely no interest in Greece alone assuming the burden of the ongoing refugee / migrant crisis, the…

Slovakia’s Fico: Greece risks turning into a giant refugee ‘hotspot’

Slovakian Prime Minister Robert Fico this week continued to step up his criticism over the leftist Greek government’s handling of the ongoing refugee/migrant crisis, saying all of Greece risks turning…

Wednesday, 02 March 2016

Defence minister: 25K refugees now in Greece

Greek Defence Minister Panos Kammenos put the number of refugees currently in Greece at 24,000. The minister, who leads the rightist-populist Independent Greeks (AN.EL) party and is a coalition partner…

Greek FinMin: Tough IMF stance on program review incomprehensible

Greek Finance Minister Euclid Tsakalotos again skewered the stance taken by the International Monetary Fund (IMF) vis-à-vis the still pending “Greek program” review — i.e. institutional creditors’ evaluation of whether…

Greek FM sees ‘dirty game’ against Merkel in explaining hardened Austrian stance on refugee crisis

Greek Foreign Minister Nikos Kotzias on Tuesday discerned what he said was a “dirty game” against German Chancellor Angela Merkel as behind the recently expressed policy followed by Austria vis-à-vis…

Commission earmarks 700 mln euros to deal with refugee crisis

By Nikos Bellos The EU Commission on Wednesday said it will allocate 700 million euros, with the lion’s share earmarked for Greece, to deal with the ongoing refugee crisis and…

Athens desperately seeks political solution amid worsening refugee crisis

By Dimitris Hatzidimitriou & Nikos Bellos The Greek government continued to search for a political solution this week to the increasingly acute refugee / migrant crisis plaguing the country, given…

BoG: Interest rates unchanged for business, household bank deposits

A reduction by 12 basis points was posted in January 2016 for business and household borrowers, whereas the interest rate for deposits remained the same. According to BoG data released…

Creditors want Athens to slash tax-free ceiling; Athens reportedly balks 

By Panos Kakouris Greece’s institutional creditors are reportedly demanding that the tax-free ceiling for wage-earners and pensioners in the country be dramatically slashed from its current rate of 9,545 euros…

Tuesday, 01 March 2016

6,000 refugees / migrants remain stranded on Greek isles

Some 6,000 Mideast war refugees and other third country nationals have been registered but are still present on various eastern Aegean islands, with more than half still on the island…

Verhofstadt to “N”: Clientelism continues unabated in Greece; ‘troika’ also failed

By Vassilis Kostoulas [email protected] @VasKostoulas Former Belgian prime minister and the head of the Europarliament’s liberal AL.DE grouping, Guy Verhofstadt, lamented the fact that the primary “source of ill” plaguing…

EZ source: Creditors’ reps not ready to return to Athens

By Nikos Bellos The chief representatives of Greece’s institutional creditors are apparently not ready to return to Athens for talks with the Greek government, as deadlines loom to finalize the…

Greek PM: Refugee crisis exceeds Athens’ ability to manage it

Greek Prime Minister Alexis Tsipras gave a wide-ranging television interview on Monday evening on a local private Athens television station, as his government continues to face two major problems: completing…

Monday, 29 February 2016

NBG results on March 10

National Bank of Greece results for 2015 will be announced on Thursday, March 10. The results will be unveiled after the closing of the Athens Stock Exchange (ASE), at 15.30…

NBG restructuring pending; McKinsey report due in March

National Bank of Greece, the country’s largest credit institution, will reportedly proceed with a major restructuring by late June, while a pending study by McKinsey group will be presented to…

Strategic planning by consortium awarded management of 14 Greek provincial airports

By Fanis Zois Strategic planning by the Fraport-Slentel consortium, which won the tender to assume management of 14 provincial airports around Greece – including the facilities in Thessaloniki, Mykonos and…

Greek faced with worsening refugee / migrant crisis

The worsening refugee crisis is expected to dominate the Greek government’s attention this week as tens of thousands of third countries nationals – mostly from the Mideast, but also numerous…

Greek GDP up 0.1% q/q in Q4

Greece’s state-run statistics service released data on Monday showing the country’s economy expanding by 0.1 in the last quarter of 2015, as opposed to a previous estimate of a 0.6-percent…

March 27 looms as target for completion of ‘Greek program’ evaluation

By Nikos Bellos An acceleration of talks and a return of institutional creditors’ representatives to Greece this week in order to finally complete the first evaluation of the “Greek program”…

Lesvos hoteliers’ president in light of migrant crisis: Pre-bookings have collapsed

The president of the hoteliers’ association on the eastern Aegean island of Lesvos, the hardest hit spot in the European Union from the ongoing refugee / irregular migrant crisis, announced…

Friday, 26 February 2016

Commission spox confirmed preparation of ’emergency plan’ for Greece amid ongoing refugee crisis

By Nikos Bellos Βrussels The EU Commission on Friday essentially rang “warning bells” over the ongoing refugee crisis on the continent, which is particularly acute in Greece, saying the Union…

BoG: Chinese investments in Piraeus expected to significantly boost GDP, job sector

Chinese investments at the port of Piraeus, the largest in Greece, could generated up to 5.1 billion euros yearly in turnover for the Greek economy and create up to 125,000…

Greek govt says ‘nein’ to visit by Austrian minister, amid tit-for-tat on refugee crisis

The Greek government declined a request by Austrian Interior Minister Johanna Mikl-Leitner to officially visit Greece next week, the foreign ministry in Athens announced, in the wake of soured relations…