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  • Photo by MacroPolis Public investment under spotlight amid arguments over budget execution

    EconomyMacroeconomy

    The issue of public investment spending became a point of friction on Wednesday when the deputy minister responsible for fiscal issues claimed the previous government used creative means to make investment spending appear higher at state budget level than it was.

  • Photo by MacroPolis Despite differing views IMF and EC see no immediate debt sustainability concerns

    EconomyProgramme

    Greece’s debt sustainability was assessed again by the two main institutions tasked with the analysis of the viability of the country’s debt, the IMF as part of the Article IV consultation process published last week and the European Commission in the fourth post-programme review released on Wednesday.

  • Photo by TP via Flickr https://flic.kr/p/5WRaRc Brussels gives Athens thumbs-up for reforms and budget

    EconomyProgramme

    Greece’s new government managed to successfully clear on Wednesday the first major approval hurdle in its brief tenure as the European Commission (EC) published the fourth post-programme surveillance report, concluding that Greece has taken all the necessary steps to meet its mid-2019 commitments.

  • Finance Ministry Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts

    EconomyMacroeconomy

    The government submitted to the European Commission on Tuesday the draft 2020 budget after negotiations over the fiscal gap reportedly concluded successfully but, at the same time, the International Monetary Fund issued an indirect warning that Greece’s growth prospects for the coming years will be weaker than expected.

  • Commission gives go-ahead for APS to reduce NPL pile

    EconomyBanking

    The European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books.

  • Photo by Panayiotis Tzamaros/Fosphotos Athens strives to bridge fiscal gap before unveiling 2020 draft budget

    EconomyProgramme

    European Economic Affairs Commissioner Pierre Moscovici has given assurances ahead of his visit to Athens on Friday that the Greek government and the institutions will be able to bridge the fiscal gap for 2020 before the draft budget is submitted to Brussels on October 15.

  • Photo by MacroPolis Athens looks to overcome APS snags as it awaits green light from Brussels

    EconomyBanking

    Finance Minister Christos Staikouras was due to meet the CEOs of Greece’s four systemic banks on Thursday as the government appears to be stepping up its efforts to secure approval for the Asset Protection Scheme (APS) aimed at reducing the giant pile of NPLs on their balance sheets.

Results 1 to 10 out of 127.