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.
Possibility remains for trial bond issue before IMF debt analysis
Comments by ESM managing director Klaus Regling following Monday’s Eurogroup have shifted attention back to the possibility of Greece making a trial bond issue this month.
Coalition turns to growth plan for relief from negativity, poor poll numbers
The government will try to focus its efforts this week on regaining some of the positive momentum evident following the conclusion of the review on June 15.
Blame game follows collapse of Cyprus reunification talks
Athens remains on high diplomatic alert following the collapse of the Cyprus talks in Crans-Montana.
ESM approves next bailout tranche, providing Athens with some relief
The European Stability Mechanism’s board of directors approved on Friday the 8.5-billion-euro bailout tranche for Greece, ending concern in Athens of another agonising delay before funds would be released.
Cyprus talks fail to deliver result, leave concerns about future ties
Αn effort to move close towards the reunification of Cyprus concluded in the early hours on Friday when United Nations Secretary General Antonio Guterres announced the collapse of talks after nine days in Crans-Montana, Switzerland.
Athens wrestles with timing of market return, aiming for maximum impact
Market access has replaced debt relief as a main topic of discussion in the Greek media and country’s political arena, with the government said to be considering three options regarding a return to the international bond markets.
Athens hopes for sub-tranche this week, ND keeps up pressure on Kammenos
The Greek government is confident that the European Stability Mechanism’s board of directors will approve on Friday the disbursement of a loan sub-tranche of 7.7 billion euros despite a hold-up over some remaining prior actions.
Parliament debate yields little, wait for bailout tranche goes on
A debate in Parliament on Monday which lasted more than seven hours failed to provide Greeks with a clearer picture about their immediate future as the government and opposition parties crossed swords.
Some optimism for Cyprus talks but complex issues remain
Crucial talks to focus on the core issues of the Cyprus problem are expected to begin on Monday in the resort of Crans-Montana of Switzerland.