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Clarity over fiscal space clears way for next set of relief measures
EconomyMacroeconomyGreece’s fiscal outlook has become clearer along with the ability of the Greek government to implement more voter-friendly policies as it attempts to restore its relations with the electorate. The European Commission last week activated the national esc...
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Housing costs, food prices set limits to impact of tax cuts
EconomyThe Greek government’s efforts to shift the narrative and change its political fortunes are crashing against the realities on the ground as reflected in the frequent data releases from Eurostat and ELSTAT. Months of communications build-up around the Th...
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OPEKEPE, Predator and Ankara tension set tone for post-Easter politics
PoliticsGreek PoliticsA compressed, post‑Easter political week opens in Athens with the government facing simultaneous pressure on two domestic fronts - the OPEKEPE case files and the revived surveillance affair - while also navigating a sharp rhetorical clash with Ankara an...
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Seabed surveys for GSI set to pose next test in Greek–Turkish relations
PoliticsForeign PolicyThe planned resumption of seabed surveys for the Great Sea Interconnector (GSI) is rapidly emerging as the next major test in Greek–Turkish relations, as Athens prepares to restart work on the electricity link between Greece and Cyprus while rejecting A...
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Uproar over minister's home protection comments underscore sensitive nature of challenge
PoliticsGreek Politicsof the primary residence protection scheme in May could leave more than 150,000 borrowers without a safety... protection of primary residences in any advanced economy in the world, and that the protection... debt Protection of primary residences from foreclosure is linked to the bigger issue of bad debt held
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Launch of new insolvency process may carry political significance
PoliticsGreek Politicsthe scheme’s acceptance is that it coincides with the withdrawal of protection for primary residence... of the new insolvency framework, which includes an end to the protection of primary residences for most... is equally critical of the current government when households lose primary residences. Another source
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Opposition frets over foreclosure decision as ND casts net for new faces
PoliticsGreek Politicsborrowers be protected from foreclosures. The issue of primary residence protection is politically... stepped in with its own legislation to protect primary residences. She claimed that funds will now... residences and introduce a new legal framework regarding debt settlements. Third party PASOK also warned
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Tsipras delivers SYRIZA's first, tempered message of Greek election campaign
PoliticsGreek Politicsthe policy points he set out in September during a speech at the Thessaloniki International Fair. One... the amounts that parties can borrow. Tsipras also set out his intention to crack down on the local media... primary residences and to prevent foreign funds from buying non-performing loans. Job creation SYRIZA
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Amid talk of post-election alliances, parties propose changes to bailout measures
PoliticsGreek Politicsis that PASOK, which seems likely to be part of the next government no matter who wins, has set out five key..., PASOK leader Fofi Gennimata set out the five following demands: 1) No freeing up of mass... foreclosures on primary residences Given that PASOK could have a significant role to play after
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Tsipras sets target of trouble-free bailout review so debt relief talks can begin
PoliticsGreek Politicsattempted to set a positive tone at their first cabinet meetings but later found it difficult to meet the targets they set. The main points Tsipras made to his ministers were: - Their performance... the settlement of non-performing loans, extending the protection of primary residences from foreclosure
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