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  1. Greek stocks fall 3.7 pct during week on inconclusive discussions with lenders

    Economy

    of 3.5 percent in 2018. The sticky point at the moment appears to be the contingent measures of 2

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  2. Substantial ground for Greece and lenders to cover before May 9 Eurogroup
    Photo by Can Esenbel [www.mundanepleasure.com]

    PoliticsGreek Politics

    A Eurogroup meeting that will potentially be decisive for the conclusion of Greece’s bailout review is due to be held on May 9 but it is still not clear how Athens and its creditors will arrive at an agreement on the process of defining the extra 2 percent of GDP in standby measures needed

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  3. Delays in concluding programme review are credit negative for Greece, says Moody’s

    Economy

    In its latest comment on Greece included in the weekly credit outlook of May 2, Moody’s notes that the delays in the country’s bailout programme review are credit negative since they increase the risk of a liquidity squeeze and prevent any discussion on debt relief. The delays are caused

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  4. Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
    Photo by MacroPolis

    EconomyProgramme

    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

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  5. A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors

    EconomyProgramme

    Although Greece and its lenders are continuing to debate how to set up an extra 2 percent of GDP in fiscal measures so they are on standby if primary surplus targets are missed next year or in 2018, there appears to be agreement between all sides on the basic package of 3 percent of GDP in spending

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  6. Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP

    EconomyProgramme

    Introduction of a hotel overnight stay tax ranging between 2 euros for hotels with two stars up to 5 euros

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  7. Greece and lenders edge closer at Eurogroup but standby measures, debt relief not resolved yet
    Photo by EU Council Eurozone https://flic.kr/p/sspzHv

    PoliticsGreek Politics

    , there seems to have been progress in agreeing how the extra 2 percent of GDP in contingent fiscal measures

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  8. Tsipras upbeat after vote, Eurogroup but deal details may still present problems
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    having to vote on another 2 percent of GDP in fiscal measures under great time pressure. It would also

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  9. Unemployment rate slips to 24.2 pct in February
    Photo by MacroPolis

    EconomyMacroeconomy

    be more than 70,000 in the same period. The unemployment rate among men was trimmed by 2 percentage

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  10. Stournaras calls for lower primary surplus target, debt relief measures
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    Speaking at a conference of the Confederation of Northern Greece Industries (SBEE), the Bank of Greece (BoG) governor Yannis Stournaras suggested on Friday that Greece’s primary surplus target of 3.5 percent of GDP in 2018 should be lowered to 2 percent. Stournaras stressed that a lower fiscal

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