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Greek market jitters evident as investors dump shares and bonds
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-medium.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
EconomyThe Greek stock market remained deep in the red for the third straight session on Wednesday... 2012. The sell-off in banks was more pronounced, with the banking index plunging 26.7 percent... Bank of Greece. Based on Wednesday’s prices, the market value of the Greek state's holdings via
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Agreement creates array of political challenges for Tsipras, who must move fast
PoliticsGreek PoliticsGreek Parliament. This will be a tall order for the coalition, although there have been reports... demanded of the last coalition but which were constantly put off. These included moves... of state assets that would be used for investment, paying off debt and recapitalising banks
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Kammenos eases tension with church, leaving coalition to focus graft attacks
PoliticsGreek Politicsis already trying to fend off accusations of corruption from the opposition. The defence minister, who also... influence in the Greek education system, as was shown by its angry reaction to Fylis’s attempt earlier... being. Given the coalition is trying to fight off corruption allegations, a full-blown row
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New twist in Hellinikon saga as Lamda goes it alone
Economyis in advanced talks with all the Greek systemic banks regarding the required credit lines. Apart from getting the Hellinikon project off the ground, New Democracy had also made clear its desire to attract more... to getting the scheme off the ground are being removed after years of dashed expectations.
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Govt turns attention to more relief measures in absence of snap polls
PoliticsGreek PoliticsFollowing the recent efforts by Prime Minister Kyriakos Mitsotakis to kill off speculation about... it is still one of his government’s primary aims to regain an investment grade rating for Greek debt next... off until Russia has completed supposed maintenance work later this month and they have a clear
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Govt puts focus on handouts, migration to take heat off surveillance affair
PoliticsGreek Politics. The row over the rescue of a group of migrants on the Greek-Turkish border has also given... cite land registry documents showing the coordinates on the Greek side of the border, and have called on the government to present evidence to the contrary. Greek authorities repeatedly claimed
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How big is Greek fiscal gap? Will cuts be needed? Here's our Q&A
PoliticsGreek Politicswas that Greek Prime Minister Antonis Samaras would embark on efforts to pursue a "political negotiation" with Greece's lenders. Essentially, this means that the Greek government feels it has hit a brick... luck with this new strategy. German Chancellor Angela Merkel met the Greek prime minister on Thursday
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Greek banks push for return to normality
EconomyBankingthe outlook for Greek banks from ‘stable’ to ‘positive’ for the first time in over a decade. The upgrade... of Emergency Liquidity Assistance (ELA). As of July, BoG noted that Greek banks’ Eurosystem funding declined... million to stand at 8.18 billion. Greek banks are anticipating that reliance on ELA funding
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Greek foreign minister cautious on EU veto and NATO patrols
PoliticsForeign Policythe Greek premier left open the possibility of vetoing some conclusions during the Summit, Kotzias.... Government sources insist that the Greek premier is ready to veto some decisions in his effort to put... been leaked to the Greek media the last few days, such as the possibility of Greece turning to the UN
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Athens holds off on bond as Tsipras talks up labour market
PoliticsGreek PoliticsThursday’s meeting of the International Monetary Fund’s executive board to discuss the Greek programme... to get the message across that the Greek economy is beginning to show signs of recovery, Tsipras..., the conditions for market access would worsen as the Fund’s document would highlight the unsustainability
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