Greece began a new and crucial round of talks with troika officials on Tuesday, when inspectors arrived for the latest review of the Greek adjustment programme, but the government will have one eye on political developments.
The troika begins its latest review of the Greek program on Tuesday, just six days before the 2015 draft budget is due to be submitted to Parliament. The focus is on what fiscal targets the government will have and what tax breaks it will be able to offer.
We recently highlighted the difficulties the Greek coalition was having in steering a steady course as far as its relations with Moscow are concerned. Now, a new survey has outlined to what extent Greece is an outlier within Europe on how Russia is viewed.
The average monthly expenditure of Greek households dropped 7.8 percent year on year (YoY) to 1,509.39 euros in 2013, according to the 2013 Household Budget Survey published by the Hellenic Statistical Authority (ELSTAT).
During his visit to Berlin this week, Prime Minister Antonis Samaras repeatedly emphasised that Greece does not require a third financial support programme. In his conversation with Chancellor Angela Merkel he highlighted that the Greek sovereign was able to successfully return to international bond markets in April after a three-year forced hiatus.
As the Greek general elections of May (and then June) 2012 approached, every poor unfortunate European politician attempted to grab a moment in the spotlight by pontificating on whether Greece should or should not be in the single currency. While the euro vultures picked at Greece's carcass, thousands of fear-stricken Greeks withdrew their money from local banks.
When Prime Minister Antonis Samaras decided to close down public broadcaster ERT in June 2013, then government spokesman Simos Kedikoglou stood in front of TV cameras and called the service “a characteristic case of a unique lack of transparency... that ends today.”