Programme
Decisive week for Greek programme begins with proposal from Athens
A crucial week for the future of the Greek programme is due to unfold over the next few days as Athens hopes to get the review process moving again based on a proposal to extend the fiscal mechanism.
ESM board to specify rules on short-term debt relief measures
The European Stability Mechanism (ESM) said on Thursday that its board of directors (BoD) will meet on January 23 to specify the rules of the short-term debt relief measures for Greece.
Athens warms to idea of eurozone going it alone after Schaeuble IMF comment
In an interview with Suddeutsche Zeitung, German Finance Minister Wolfgang Schaeuble raised the possibility of the International Monetary Fund not participating in the Greek programme, prompting an immediate – and seemingly eager – response from Athens.
After holiday hiatus, Athens tries to get review moving again
With the date of the return of the institutions’ mission chiefs to Athens still unknown, Greek Finance Minister Euclid Tsakalotos is heading to Paris and Brussels this week to meet with his French counterpart Michel Sapin and European Economic Affairs Commissioner Pierre Moscovici.
Provisions of out-of-court workout bill outlined ahead of submission to Parliament
In an interview with Ethnos daily on Saturday, Economy and Development Minister Dimitris Papadimitriou outlined the key highlights of the draft law on the out-of-court workout that is due to be tabled in the Parliament by the end of January.
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.
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.
Greece and institutions wrap up latest talks with no progress on difficult issues
Discussions between the institutions’ mission chiefs and Greek officials continued on Thursday without any agreement on the out-of-court mechanism, energy, justice and product markets that were in focus during the meetings.
Review talks continue in Athens in shadow of pension benefit row
Discussions between the Greek ministers and the institutions’ mission chiefs resumed on Wednesday in the wake of the European Stability Mechanism (ESM) decision to put on hold the implementation of short-term debt relief measures until the institutions complete the examination of Greek government’s plan to pay out a bonus to pensioners.
Greece and creditors feel their way into new round of talks in Athens
The third round of discussions between the institutions’ mission chiefs and Greek ministers in the context of the second programme review kicked off on Tuesday with an introductory meeting.