Programme
A breakdown of Greece’s revised financing needs as part of its new ESM programme
The European Commission (EC) recently published its updated assessment of Greece’s financing needs, which now stand at 85.5 billion for the 3-year period ending on August 2018, 3.8 billion above those presented in the eligibility report released on July 10.
European Commission evaluates impact of bailout programme
A document recently published by the European Commission (EC) last week outlines the context and rationale of the reform and adjustment process as well as an analysis of the expected impact of the main measures included in the third bailout programme.
Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
The Eurogroup agreed on the terms of Greece’s third bailout on Friday, paving the way for Athens to receive its first tranche from a package of up to 86 billion euros in new loans next week.
European Commission's Greek DSA sees recession ahead, debt becoming unsustainable
Ahead of the Eurogroup meeting on Friday, the European Commission prepared an updated Debt Sustainability Analysis (DSA), which was published by the Wall Street Journal.
Greece commits to ambitious privatisation targets as part of new bailout
In contrast to SYRIZA’s pre-election pledges, the government has committed to proceed with an ambitious privatisation programme, according to the draft bill on the new financial aid from the eurozone.
Draft bill sees millions in savings and revenues from variety of bailout interventions
The government tabled in Parliament on Wednesday the draft bill containing the agreement for new financial aid from the European Stability Mechanism (ESM) and the prior actions that Athens will have to implement as part of this deal.
Agreement on third bailout with revised fiscal and macro targets, host of prior actions
Following an all-night meeting with the quartet of Greece’s lenders, the Greek Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis said on Tuesday morning that discussions had been successfully concluded, apart from a couple of details relating to prior actions remain to be settled.
Greece and lenders appear close to third bailout deal, with few issues outstanding
After lengthy meetings between the Greek Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis with the quartet of Greece’s lenders in Athens over the weekend, there is an increased optimism that an agreement for a new 3-year bailout programme could be clinched by Tuesday.
Greece and creditors try to untangle pension complications
One of the key issues in the negotiations with the institutions over an agreement for a new bailout programme relates to the pension reforms.
Some snags remain in discussion with lenders over new privatisation scheme
During a lengthy meeting with the quartet of Greece’s lenders on Tuesday, government officials discussed in detail privatisations – one of the key issues that need to be settled for there to be an agreement on a new 3-year bailout programme.