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Greece takes on EU presidency and some significant challenges with it
PoliticsGreek Politicsof this year’s fiscal gap. Then there are European Parliament and local elections to come in May. The domestic... Parliament and local elections in May, when voters could hand SYRIZA a sizable victory and the government a major defeat, may prove to be the government’s biggest test during this EU presidency.
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The EU, the troika inquiry and the big disconnect
Agorathat they are not interested in democratic accountability and transparency." Its public hearings may carry... elections coming up in May as discontent and euroscepticism festers in much of the EU, it is likely... decisions are made. May’s elections could be the moment the EU realises that it can no longer afford
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Greece and troika: Bailout tranche, funding gap and debt relief still pending
PoliticsGreek Politicsredemptions to make until May 20, when 4.2 billion euros worth of bonds held by the European Central Bank... to support the Greek banking system that matures on May 21. Stournaras has suggested it could be rolled... and European Parliament elections in May. Clearly, this is a blow to New Demcoracy and PASOK who had
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Greece’s first bailout, lenders and their pledge to maintain debt exposure
EconomyProgrammefrom the International Monetary Fund’s board meeting in May 2010, which sealed the organizations...” their positions on Greek state bonds and avoid driving yields upwards. On May 7, three days before... billion dollars respectively. In May 2010 the European Central Bank introduced the Securities Markets
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Come back Cleisthenes, all is forgiven
Agora. By May, the state budget deficit was already at 14.4 billion euros, with 43 percent of the budgeted... this fiscal collapse (either in May 2009 or September 2009 – the date, but not the incident, are disputed... for the mayorship in May’s elections. Kaklamanis has dismissed Kaminis achieving a balanced budget despite seeing
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Greek coalition reaches milestones but PASOK looking increasingly weary
PoliticsGreek Politicsmeans that the coalition is also having to focus on the trouble that may lie ahead. The passing... will perform poorly in the May 25 elections, perhaps garnering as little as 5 percent and electing only one MEP. Such a poor performance may lead to Venizelos’s leadership coming under threat or split
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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammedue in mid May. The latter involves 2.7 billion related to a special Greek Government Bond (GGB) issued in May 2009 in exchange for Greek banks’ preference shares granted to the Greek State and 4.2... government and the troika. The IMF Executive Board is due to convene sometime in May to approve its next
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21,717,120,000
Agoraof the European Stability Mechanism’s (ESM) paid in capital, which was announced on May 1 as the fund reached its... to weaken the franc. The German taxpayer may not realize it, his or her government may not be willing
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Five things to take away from the first round of Greek local elections
PoliticsGreek Politicsbut few definitive answers about how the country will vote in the European Parliament polls on May 25... by Sunday’s results. For instance, SYRIZA’s breakthrough in Athens and Attica may play... of opposition to one where its candidates are in positions of power. Equally, the coalition may be able
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Bond issued for capital support of Greek banks in 2009 reaches maturity
Economycontribution in kind for the preference shares it received from the banks. The bond was issued on May 21... million on May 21, the same day the pillar bond was due to expire. Piraeus's move is facilitated... a capital increase of 2.5 billion in early May, has indicated that it plans to redeem its preference shares
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