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PoliticsGreek Politics
Tsipras urges swift conclusion of review but doubts linger Concerned about the possibility of the third review becoming a protracted affair, Prime Minister Alexis Tsipras has urged his ministers to act quickly to complete the prior actions before the end of the year, which is when the institutions would also like to wrap up matters.
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EconomyMacroeconomy
Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts Greece’s economic sentiment (ESI) continued in August its steady rise over the last three months as it edged up by 0.8 points although this was smaller than the 4.5-point increase in the previous month, European Commission (EC) figures revealed on Wednesday.
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PoliticsGreek Politics
Georgiou conviction may test relationship with lenders An Athens court handed the former head of the Hellenic Statistical Authority (ELSTAT), Andreas Georgiou, a two-year suspended jail sentence on Tuesday, potentially complicating the relationship between Athens and its lenders.
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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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EconomyProgramme
Compliance report looks at programme financing, arrears clearance and 2016 performance The second review's compliance report provided an update on the programme's financing by the end of August 2018 as well as on arrears’ clearance, while also commenting on the fiscal performance in 2016.
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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 eyes higher growth as possible catalyst for Eurogroup deal In an apparent change of direction, the Greek government appears to have pinned its hopes for an agreement with creditors at the June 15 Eurogroup on the possibility of the country’s growth projections being revised upwards and this feeding into the debt relief measures that will be needed.
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EconomyMacroeconomy EC lowers growth forecasts, sees fiscal targets within reach The recovery of the Greek economy is expected to restart this year, largely on the back of improving consumer and investor sentiment, the European Commission (EC) noted in its spring economic forecasts published on Thursday.
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EconomyMacroeconomy
Economic sentiment and consumer confidence improve in April Greece’s economic sentiment (ESI) increased at an accelerating pace of 1.5 points in April after a rise of 0.5 points in March, European Commission (EC) figures showed on Thursday.