There was no tangible outcome from the three days of talks between Greek ministers and representatives of the institutions in Brussels but there are indications that some progress was made, allowing talks to continue in the coming days.
The budget primary surplus was confirmed at 2.14 billion euros in the 2-month period of 2017, down by 25.2 percent from last year’s figure of 2.85 billion, the Finance Ministry (MoF) final budget execution bulletin revealed on Friday.
In September last year, when Alexis Tsipras visited New York to speak at the UN Assembly, he held a meeting with some heavyweights of the international investment community.
The lack of information emerging from the negotiations between Greek ministers and the institutions in Brussels means that the political focus is on domestic developments, pending further news from the Belgian capital.
The Greek equity market headed south for the third successive week, dropping at an accelerating pace of 1.4 percent from 0.6 percent in the previous week.
Greeks are a bag of contradictions regarding political ideology and views, with the majority believing “socialism” to be a more positive term than “capitalism” while, at the same time, espousing the classical characteristics of liberalism in valuing “freedom” over “equality”, a new, wide-ranging opinion poll suggests.
Monday’s Eurogroup is about to roll around and Greece does not seem much closer to an agreement with the institutions. Prime Minister Alexis Tsipras appears ready to go in search of the fabled, but rarely-seen “political solution” to secure the conclusion of the second review but given where the various sides stand at the moment, looking up David Copperfield might be more useful.