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Criminal justice system deemed too weak to fight corruption
SocietyThe European Council’s analysis of the Greek criminal justice system has found that the current... or a pecuniary penalty. GRECO notes the distinction between the previous penalty of prison plus.... The report said that during their assessment, they were informed that the President has never been
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SYRIZA lays out alternative vision to counter government's RRF plan
PoliticsGreek Politicsthis summer. The plan has been met with criticism from opposition leader Alexis Tsipras, who presented... The government, meanwhile, has indicated that it is aiming to receive up to 7.9 billion euros..., plus 3.5-3.9 euros of a first instalment. They have been given support by comments made by European
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
EconomyMacroeconomyThe cautious steps, which the Public Debt Management Agency (PDMA) has been taking since the summer... banks, in a rare variable interest rate issue with a coupon of 3M Euribor plus 123 basis points, which... mostly aiming to show that Greece has not lost contact with the bond market. Greece is also estimated
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Greece sticks to debt repayment strategy amid uncertainty caused by EU elections
EconomyMacroeconomyand are due to be repaid in full by 2041. The cost of servicing is based on 3-month Euribor plus 50 basis points. The recent climb of Euribor that matched the ECB rate policy has made those loans rather pricey.... Over the last few years, the Public Debt Management Agency has seen following an active policy
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PM finalises relief measures in ambitious but risky move to sway voters
PoliticsGreek Politics), plus faster VAT refunds, expedited tax-clearance certificates and preferential interest rates... the Thessaloniki speech to be seen as a “reset” in its relationship with voters, which has been severely dented... Democracy’s support in most opinion surveys has slipped into the twenties, with undecided voters sometimes
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Landmark Katseli Law ruling hits lenders, eases borrower burden
EconomyBankingrefinancing rate plus a fixed margin, typically 2.5 per cent. The decision covers roughly 250,000... the multi‑year settlement plans that courts impose under Katseli, the Supreme Court has reduced...’ accounts. The sector has already put a preliminary price on the change, estimating an immediate hit
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
EconomyMacroeconomyStatistical Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ... quarter of the year if the 2.2 pct growth forecast for the year of the finance ministry is to materialise... QoQ. Outlook In the final 2026 budget, the Finance Ministry sees growth at 2.2 pct for 2025 and 2.4
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Newsletter 239 -14/02/2020
on the islands and keeping the Greek public satisfied. The government has been looking for tougher measures... and indifference on the migration issue. However, the announcement of essentially appropriating land has only... detention centres has been met by opposition from islanders on the frontline as well as discontent
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After ECB tests, it's back to troika review for Greek coalition
PoliticsGreek Politicsmajority for calling a strike. Currently a strike may be called if 50 percent plus 1 of present... has lowered its initial projection to less than 2 billion euros subject to the settlement of unpaid
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The ECB's strict rules apply if you dare not comply
Agorathat the ECB has played the role of the bad cop. However, is it really as much of a rule-based..., ranging from 27 to 40 years and an interest of 6 months Euribor plus 263 basis points coupon. Under
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