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Debt
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EconomyProgramme
IMF approves programme "in principle," repeats position on debt and reforms In the early hours of Friday morning in Greece, the International Monetary Fund’s executive board approved “in principle” at a meeting in Washington a precautionary Stand-By-Arrangement (SBA) for Greece of approximately 1.6 billion euros.
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PoliticsGreek Politics
Government stalls possible bond issue, clashes again with judiciary It appears that plans for a trial bond issue have been shelved for the time being by the government.
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PoliticsGreek Politics
Athens holds off on bond as Tsipras talks up labour market The process for Greece to return to the international bond markets did not begin on Monday, despite some of the local media predicting in the previous days that this would be the case.
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PoliticsGreek Politics
Bond issue decision expected as clock ticks down Going into the weekend, there is still much speculation - but little clarity - about whether the government will try to tap the markets next week or, indeed, if it has time to issue a bond before the International Monetary Fund’s executive board meets on Thursday.
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PoliticsGreek Politics
EC recommends symbolic closure of deficit procedure as Athens mulls bond issue The European Commission announced on Wednesday that it is recommending the closure of the Excessive Deficit Procedure (EDP) against Greece for the first time since 2009.
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PoliticsGreek Politics
Athens wrestles with timing of market return, aiming for maximum impact Market access has replaced debt relief as a main topic of discussion in the Greek media and country’s political arena, with the government said to be considering three options regarding a return to the international bond markets.
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EconomyProgramme
European Commission's DSA reveals serious concerns over debt sustainability, need for relief The updated debt sustainability analysis (DSA) was included in the compliance report of the second programme review published by the European Commission (EC) on Friday afternoon.
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PoliticsGreek Politics
Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets Thursday’s Eurogroup in Luxembourg ended in an agreement that will see Greece receive another 8.5 billion euros in loans but fell short of giving the International Monetary Fund the clarity it wanted on debt relief measures in order to immediately join the Greek programme with new funding.
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PoliticsGreek Politics
Greece secures next bailout tranche, moves towards deal with lenders Greece and its lenders appeared on Thursday to be on the way to an agreement that would provide Athens with its next bailout tranche and little more clarity on debt relief, but not the level of detail that Athens had hoped over the past few months.
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PoliticsGreek Politics
Rhetoric ramped up ahead of Eurogroup but deal still in sight As Thursday's Eurogroup approaches, Athens and Berlin are dialling up their rhetoric but an agreement that will fall short of Greek expectations while still leaving Prime Minister Alexis Tsipras with something to grasp on to still seems the most likely outcome of the meeting.