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EconomyProgramme
Athens warms to idea of eurozone going it alone after Schaeuble IMF comment In an interview with Suddeutsche Zeitung, German Finance Minister Wolfgang Schaeuble raised the possibility of the International Monetary Fund not participating in the Greek programme, prompting an immediate – and seemingly eager – response from Athens.
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PoliticsGreek Politics
Athens hopes concessions can secure review breakthrough Amid growing indications that Athens is preparing to offer an extension of the fiscal mechanism and concessions on the tax-free threshold and pensions in order to conclude the review, Finance Minister Euclid Tsakalotos and European Economic Affairs Commissioner Pierre Moscovici tried to strike a positive tone following their meeting in Brussels on Thursday.
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EconomyProgramme
After holiday hiatus, Athens tries to get review moving again With the date of the return of the institutions’ mission chiefs to Athens still unknown, Greek Finance Minister Euclid Tsakalotos is heading to Paris and Brussels this week to meet with his French counterpart Michel Sapin and European Economic Affairs Commissioner Pierre Moscovici.
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PoliticsGreek Politics
Govt hopes for Feb review deal but opposition readies in case of snap polls There are increasing indications from government sources that Athens has accepted it is unlikely the review will be completed in time for the January 26 Eurogroup and that a conclusion in February is more likely.
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PoliticsGreek Politics
Athens eyes fiscal compromise to complete programme review The start of 2017 also marks the beginning of a new effort by the Greek government to reach an agreement with the institutions that would lead to the conclusion of the second review within the next few weeks.
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PoliticsGreek Politics
Dispute over handouts drags on, allowing tension with creditors to rise The Greek government looks set to respond to the institutions’ apprehension about Greek commitment to the programme and its fiscal targets after Christmas, according to reports on Friday.
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PoliticsGreek Politics
Tsipras mixes rhetoric as review conclusion demands political decisions Prime Minister Alexis Tsipras continued to issue mixed messages on Wednesday: On the one hand, he defended his decision on the pension bonus despite his government frantic efforts to avoid this delaying short term debt relief, while on the other he insisted that the review could be concluded by the end of January and that talk of snap elections is “nonsense.”
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EconomyProgramme
Review delay brings Greek liquidity needs back into focus Apart from creating increasing risks to the strong economic recovery anticipated in 2017, the delay in the conclusion of the second programme review also brought to the forefront the issue of Greece’s liquidity needs to cover its debt redemptions.
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PoliticsGreek Politics
Tsipras gets no encouragement from lenders, left to consider next move Following his meeting with German Chancellor Angela Merkel in Berlin on Friday, Prime Minister Alexis Tsipras has a few days ahead to consider what action he wants to take next in what now looks set to be a prolonged negotiation with lenders over the second review.
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PoliticsGreek Politics
Lenders' reaction to pension pledge leaves Tsipras short of options Greece’s negotiations with its lenders became more complex on Wednesday when the European Stability Mechanism revealed that it has put on hold the implementation of short-term debt relief measures agreed at this month’s Eurogroup because of doubts regarding the benefits for pensioners announced by Prime Minister Alexis Tsipras last week.