Economy

Results 3351 to 3360 out of 5053.

Photo by Panayotis Tzamaros/Fosphotos Athens settles pension handout row, looks for review progress

Eurogroup President Jeroen Dijsselbloem concluded on December 24 that “the way has been cleared for the European Stability Mechanism (ESM) to go ahead with the decision-making procedures” for the implementation of short-term debt relief measures after Greek Finance Minister Euclid Tsakalotos sent a letter to the institutions providing assurances regarding primary surplus targets and the distribution of any excess.

By Panayiotis Tzamaros/Fosphotos PPC profits rise but turnover falls in Q3 2016

Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its interim 9-month 2016 financial statement showing that turnover fell by 9.2 percent, standing at 4.04 billion euros for the period in 2016 versus the same time in 2015 (4.45 billion euros).

Photo by Panayotis Tzamaros/Fosphotos Review delay brings Greek liquidity needs back into focus

Apart from creating increasing risks to the strong economic recovery anticipated in 2017, the delay in the conclusion of the second programme review also brought to the forefront the issue of Greece’s liquidity needs to cover its debt redemptions.

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