Programme
Greece moves closer to troika over fiscal gap, waits for response
In an effort to reach a compromise with the troika, Greek authorities have a range of proposals mainly aimed bridging the anticipated fiscal gap of about 2.5 billion euros for 2015.
Troika and Greece in stalemate over budget targets, prior actions as time ticks away
The Finance Ministry (MoF) is expected to table in parliament the 2015 budget on Friday amid a stalemate in discussions with the troika. As things stand, the budget will be submitted without the troika’s approval as has happened for the last two years.
What does a bailout exit with a precautionary credit line mean for Greece?
Eurogroup President Jeroen Dijsselbloem announced after the November 6 Eurogroup that “there is a strong support for a precautionary credit line in a form of Enhanced Conditions Credit Line (ECCL).” But what does this mean for Greece?
Greece said to eye exit plan with precautionary support but no new MoU
The negative market reaction that followed the government’s plans for an early and clean exit from its bailout program has led the government to change its plans, according to local media reports.
Greece's troika talks begin with apparent deal on 2015 surplus
In contrast to previous first meetings between the Greek authorities and the heads of troika mission, the outcome of Tuesday’s inaugural meeting suggests an initial agreement on the fiscal target for 2015.
European Commission sees some progress in Greece's market reforms
In its report titled “Market Reforms at Work in Italy, Spain, Portugal and Greece”, the European Commission (EC) has outlined that reforms of the public administration, the judicial system and those to facilitate the ease of doing business in Greece have had a positive but partial impact.
Paris talks mark start of Greece's most crucial troika review
The first round of the new review of Greece’s Economic Adjustment Program (EAP) is kicking off in Paris today and will last until September 4. The IMF spokesman has recently clarified that the aim of these meetings is to “discuss the way forward on the forthcoming review and is expected to be followed by the full mission to Athens in late September” for the full review.
EU Task Force sees progress on reforms and structural funds in Greece
Reforms are delivering results and there has been an increase in the absorption of European Union funds, according to the seventh quarterly activity report of the Task Force for Greece (TFGR) published today.
IMF report sees a number of risks lying ahead for Greece
The IMF released on Tuesday its drawn-out report on Greece’s fifth review and expressed concern about “adjustment fatigue” and the rising number of non-performing loans, among other things.
Greece lays out plans for debt relief from eurozone
Greece is due to raise the subject of further debt relief at Monday’s Eurogroup but with the official sector poised to take a hit this time as opposed to the Private Sector Involvement (PSI) of early 2012.