Search
-
Institutions prepare for Athens return, completion of fourth review
EconomyProgrammeThe institutions will return to Athens on May 14 with a view to securing a staff-level agreement... of achieving an SLA in time for the May 24 Eurogroup. This was the original target but there have been...” and that it is “more than doable” to reach an SLA by May 24. If this is the case, then there is still
2% -
Athens and creditors place immediate focus on remaining key deliverables
EconomyProgramme. The lenders are due to send their teams back to Athens in mid-May, when the focus will be on assessing how... agreement by the May 24 Eurogroup, leaving the next few weeks until the June 21 gathering of eurozone..., as Centeno underlined, but may also involve Athens having to complete some of the prior actions
2% -
Technical talks progress but debt relief, credit line continue to grate
EconomyProgrammeon May 24. Even though the Greek government is thought to be behind schedule in implementing the 88...-government Avgi newspaper, officials in Athens said that a staff-level agreement by May 24 is feasible... future debt relief Greece may require, whereas the IMF wants this mechanism to be automatic. The Fund
2% -
Mission chiefs take up negotiations in Athens but focus on IMF's decision
EconomyProgrammeof a staff-level agreement (SLA) being reached ahead of the May 24 Eurogroup. Reports in the Greek... to be clarity by the May 24 Eurogroup. “Time is running out but if there is an agreement at the Eurogroup meeting in May then there will be enough time for us to activate the programme,” he said. “But we
2% -
Report on PPC’s viability ruffles feathers and shakes share price
EconomyFeatureson Friday May 11. Their closing price on the following Monday reflected a drop of 9.5 percent, which... euros on Tuesday May 15, a decline of around 24 percent compared to their closing price on the first day of trading for the month, May 2, when the share price stood at 2.7340. New Democracy’s head
2% -
Whether an "early" or "clean" exit, it's the same old story for Greece
Agoraa certain win for New Democracy in the next elections but it may help restore his reputation... emphasises that the Greek prime minister may be ignoring the pitfalls ahead because it does not suit... of doubt regarding the future sustainability of Greek debt that may lead to higher borrowing costs
2% -
More debt talks lined up but chances of IMF departure growing
EconomyProgrammeto funding needs not exceeding 15 percent of GDP. Fiscal measures There may be some within the Greek... capacity, Athens may be able to convince the European lenders that the fiscal measures demanded by the Fund... discussion at the moment but other government officials have suggested that this may change in the near
2% -
Eurogroup marks end of cycle and squaring of circle for Greece
Agorafor the parameters of the measures that are going to be deployed were in May 2016 and June of last year... relief measures that were agreed in May 2016. After a French proposal, the only addition was a mechanism... is that this contingency mechanism will shape up as was initially planned in May 2016 when eurozone finance
2% -
Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomy-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed. In May, the MoM... bank funding to 16.31 billion euros for the month compared to May’s total of 20.87 billion, taking... billion euros, while that for the ECB fell by 2.24 billion after having increased by 60 million in May
2% -
Budget primary surplus at 617 mln in June as expenditure continues to fall below target
EconomyMacroeconomyrevenues increased by 1.1 percent year-on-year (YoY) to 3.73 billion, rising against May’s figure... expenditure rose to 4.28 billion for the month of June, higher than the figure of 3.43 billion in May... PIB revenues increased to 126 million in June from 30 million in May, above target by 42 million
2%