Uncertainty surrounds the government’s plans to return to the bond markets after the European Central Bank and the International Monetary Fund appeared to be less than fully supportive of Greece issuing a bond right now.
In the early hours of Friday morning in Greece, the International Monetary Fund’s executive board approved “in principle” at a meeting in Washington a precautionary Stand-By-Arrangement (SBA) for Greece of approximately 1.6 billion euros.
A survey by the diaNEOsis research and policy institute has found that almost half of all Greeks aged 18-35 receive economical support from their parents or other relatives.
United Nations Special Advisor to Cyprus Espen Barth Eide has urged all sides to abandon the blame game following the collapse of the Cyprus talks in Crans-Montana and to reflect on what the next steps should be.
Greece’s Turnover Index in Industry climbed at an accelerating pace by 19 percent in May, after a downward revised growth of 10 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
A survey by Adecco has revealed that as many as one in three Greeks are looking for job opportunities abroad, up from one in 10 two years ago.
Portugal kept access to short-term markets during the programme and compensated the small financial envelope from the troika by issuing more short-term debt over the programme that ran between 2011-2014.