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Tsipras forges ahead with referendum as lenders hold back, wait for result
PoliticsGreek PoliticsPrime Minister Alexis Tsipras made it clear on Wednesday that he wants to push ahead with Sunday’s referendum, while Greece’s lenders also insisted that there could be no agreement on a bailout deal unless the vote takes place. With both sides now pushi...
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After 'No' vote, pulling Greek banks back from brink a priority
EconomyWith a clear win of ‘No’ vote in Greek referendum, the situation for Greek banks is expected to remain on the brink with a negative outlook. Greek bankers will meet with the Alternate Finance Minister Dimitris Mardas later this evening to assess their l...
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Tsipras holds off on reshuffle, suggests no way back for rebels
PoliticsGreek PoliticsPrime Minister Alexis Tsipras put off plans for a reshuffle on Thursday and may delay changes to his cabinet until next week, when a second set of measures demanded by lenders are due to be voted through Parliament. Tsipras is said to be discussing with...
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Loose ends to tie up on prior actions as lenders head back to Athens
PoliticsGreek PoliticsHaving got through the parliamentary debate and vote on the first set of prior actions Greece has to carry out this autumn without any major problems, the government now begins the potentially more complicated task of reaching an agreement with its lend...
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Industrial production back on downward trajectory with 1.9 pct drop in Oct
EconomyMacroeconomyAfter rising in the preceding two months, Greek Industrial Production Index (IPI) fell by 1.9 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The October headline figure is the fifth negative reading in the 10-month ...
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Greek-Turkish relations back in focus amid overflights and NATO chief's visit
PoliticsForeign PolicyThe state of Greek–Turkish relations will be the main issue under discussion at the National Council of Foreign Affairs to be convened under the chairmanship of Foreign Minister Nikos Kotzias, next Tuesday. Kotzias’s decision to convene the council, whi...
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PMI falls back into contraction territory in July, landing at 48.7 pts
EconomyMacroeconomyGreece’s manufacturing sector returned to contraction territory in July, according to data released by Markit on Monday. July’s PMI came in at 48.7 points following a slight growth in June with a reading of 50.4 points. Expansion in payroll numbers is t...
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Athens holds back proposal details ahead of Thursday's Eurogroup
PoliticsGreek PoliticsThe government has decided to keep its cards close to its chest ahead of Thursday’s Eurogroup and has not revealed – even to its lenders – exactly what it is proposing in order to conclude the review. The Finance Ministry revealed on Monday morning that...
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Amid review doubts, changes to constitution back on main agenda
PoliticsGreek PoliticsAmid uncertainty regarding the course of the negotiations between Athens and the institutions, the Greek government sought to switch the domestic agenda on Tuesday by focussing on plans to overhaul Greece’s constitutions. Morning reports suggested that ...
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Fiscal surplus back in focus ahead of IMF debt discussions
PoliticsGreek PoliticsGreece’s delegation of ministers is due to head to Washington for the International Monetary Fund’s Spring Meetings on Thursday, hoping that it will return with at least confirmation that the IMF and the eurozone are on the same page regarding debt reli...
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