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EconomyProgramme
No return of institutions after Eurogroup but talks to continue in Brussels Monday’s Eurogroup in Brussels proved inconclusive as far as the Greek review is concerned but did result in some hope that efforts to conclude the review would intensify in the coming days.
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EconomyProgramme
Greece, creditors seek progress at Eurogroup on key differences holding up review Greece and its lenders head into Monday’s Eurogroup with differences on several key issues that will have to be resolved if the second review is to conclude in the days ahead.
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EconomyProgramme
Global deal in April ruled out as labour reforms prove biggest obstacle Speaking to Parliament’s Economic Affairs Committee, Finance Minister Euclid Tsakalotos said on Thursday that the agreement with the institutions would be difficult but would also have “positive surprises,” which could pave the way for QE from the European Central Bank and lead to sustained growth.
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EconomyMacroeconomy
Unemployment rate up to 23.6 pct in Q4, down to 23.5 for 2016 The Greek non-seasonally-adjusted unemployment rate increased to 23.6 percent in the fourth quarter (Q4) of 2016 from 22.6 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
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PoliticsGreek Politics
Slow progress on fiscal, impasse on labour keep review deal on hold There have been no visible signs of major progress in the discussions between Greece and its lenders this week, suggesting that the best-case scenario would be the conclusion of a staff-level agreement ahead of the April 7 Eurogroup rather than the one on March 20.
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PoliticsGreek Politics
Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders Negotiations between Greece and its lenders are due to continue via teleconference this week with the aim of the various parties at least moving closer to a staff-level agreement by the time eurozone finance ministers meet on March 20.
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PoliticsGreek Politics
Tsipras invokes political solution to resolve labour reform stand-off The departure of the institutions from Athens on Friday gives the Greek government a chance to regroup ahead of a new round of talks next week, although these will be via teleconference to begin with.
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EconomyProgramme
Pause in review talks, leaving most difficult issues to be tackled The latest round of negotiations between the Greek government and the institutions’ mission chiefs in Athens, which began on February 28, concluded on Thursday.
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EconomyMacroeconomy
Job hirings at record high of 24,938 in Feb, negative employment balance for year-to-date The employment balance remained positive in February 2017 with net hirings soaring to 24,938 from 14,437 last year, data from the Labour Ministry’s Ergani information system revealed on Thursday.
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EconomyMacroeconomy
Unemployment rate stable for third month at 23.1 pct in Dec Greece’s seasonally adjusted (SA) unemployment remained stable at 23.1 percent in December, following revisions of the previous two months’ data, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.