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PoliticsGreek Politics
New Democracy applies pressure as coalition prepares for tough December Seeing the government still struggling to conclude the second review, which has prompted speculation about whether this could lead to political developments, New Democracy has chosen to make it absolutely clear that it will not consent to a cross-party administration being formed and to reiterate its call for snap elections.
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PoliticsGreek Politics
EU officials see Greek deal close, broad debt talks to follow Two of the key players in the negotiations over Greece’s second programme review expressed some optimism on Tuesday that an agreement between Athens and its lenders could be reached in the next few days.
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EconomyProgramme
Eurogroup sees possibility of swift review but differences on debt relief remain There were words of encouragement for Greece regarding the swift conclusion of the second review at Monday’s Eurogroup but also mixed views on whether Athens can expect the detailing of anything more than short-term debt relief measures if the inspection is wrapped up by the next meeting of eurozone finance ministers on December 5.
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EconomyProgramme
Countdown to start of second review begins, focus on more reforms Following the political decision taken at Monday’s Eurogroup regarding the completion of the first review milestones and the disbursement of the sub-tranches, the focus is now shifting towards the second programme review.
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EconomyProgramme
Eurogroup clears 1.1 bln, waits for arrears clearance data to release remaining 1.7 bln The Eurogroup held in Luxembourg on Monday afternoon reached a political decision on the disbursement of 1.1 billion euros to Greece, which is the part of the sub-tranche of 2.8 billion that was subject to milestones.
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EconomyProgramme
Eurogroup sets conditions for disbursements totalling 10.3 bln to take place The Eurogroup welcomed early on Wednesday the adoption by the Greek government of most of the required prior actions for the conclusion of the first programme review.
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EconomyProgramme
IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief Ahead of the Eurogroup meeting on Tuesday, the International Monetary Fund published its preliminary debt sustainability analysis (DSA), which was distributed to its Executive Board but was neither discussed nor approved.
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EconomyProgramme
Outline of fiscal mechanism for automatic cuts emerges after Eurogroup The outline of the mechanism that will trigger automatic fiscal interventions to ensure Greece’s programme is on track has emerged following Monday’s Eurogroup in Brussels.
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EconomyProgramme Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting The extraordinary Eurogroup on Monday is due to discuss the state of play of the programme review as well as the sustainability of Greece’s debt. The thorniest issue at the moment appears to be the contingency measures worth 2 percent of GDP the IMF is insisting they have to be detailed and legislated before the conclusion of the review.
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EconomyProgramme
Eurogroup gives Greece another week to agree measures, keeps tranche and recap funds on hold As expected, the Eurogroup held on Monday took stock of the current state of play regarding the implementation of the Greek programme but it did not reach any decision on the disbursement of the next sub-tranche of 2 billion euros.