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S&P raises Greece’s rating by two notches in first upgrade since Sept 2014
Economy’s liquidity perspective has improved and therefore thinks that Greece’s default is no longer... has reduced this risk. However, if Greece does not successfully implement the new ESM programme.... That said, the extended bank holiday has materially depressed retail trade and manufacturing and has
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Varoufakis adds to pressure on Tsipras ahead of lenders' return
PoliticsGreek Politicshas attempted to distance himself from Varoufakis since reaching an agreement with fellow euro area... theoretically has to be in place so Greece can received the necessary funding to meet the maturity... of such legislation not passing as the opposition parties will continue to support Tsipras and, if Parliament has
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SYRIZA's left wing hoping to prevent Tsipras from concluding bailout talks
PoliticsGreek Politicsthe squabble with SYRIZA radicals until after there has been an agreement with lenders on the third bailout... reasons: 1) He suggested the congress should be held after an agreement has been reached... no new delegates being elected but also that the congress could take place before the government has
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Tsipras lays down gauntlet to SYRIZA rebels, proposes September congress or members' vote
PoliticsGreek Politicshas been reached with the creditors' representatives, who are in Athens, on the details of a third... to achieve two things: 1) To delay any internal discussion or turbulence until after an agreement has been... the central committee, where the faction has around 30 of the 201 members. They were among the 109
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Tsipras bides his time on confidence vote, weighs up options
PoliticsGreek Politicsthan 120 of the 300 lawmakers to back him. The government has 162 MPs but the prospect of Tsipras... are loyal to the Left Platform and former Energy Minister Panayiotis Lafazanis, who has expressed his... parliamentary speaker Alexis Mitropoulos, who abstained on Friday, has already said he will back
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Tsipras may choose benefits of longer game on elections
PoliticsGreek Politicswill be to wait until the first bailout review has been completed before triggering early elections. Although... shelving ideas of snap elections, which has to do with the sheer magnitude of the task facing his... of October, Athens also has to vote through Parliament during the same month austerity measures
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Crisis changing Greeks' college choices, research indicates
SocietyThe Greek crisis has witnessed a boom in students seeking a career in the military or police as well to becoming psychologists, a new study comparing college choices before and after 2009 has found.... “There has been an increase in university majors that are tied to jobs with good employment
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In tight election race, rare TV debate carries element of unknown
PoliticsGreek Politicselections has given it a certain unknown quantity. There will be seven participants: SYRIZA: Alexis Tsipras..., the conservative chief has performed well. His relaxed, almost jovial, style is considered a key factor... clearly believes that if it has any chance of rallying its vote, it has to publicly reject the option
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Greek politics to dash voters hopes again
Agorafor this Sunday. The election campaign has been a complete anti-climax compared to the intensity.... Greece has been battered by austerity, social turmoil, political instability and a huge redenomination... this up. The four decades that it has been alternating with PASOK in the country’s management have
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeof 0.5 percent in 2016, 1.75 percent in 2017 and 3.5 percent in 2018. In addition, Greece has also... in 2018. As early as October, the Finance Ministry (MoF) has to adopt a supplementary 2015 budget... Monday of each October and has to be submitted to the European Commission by October 15. During
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