Search
-
Greece's 2014 fiscal gap suddenly appears bigger, much bigger
Economywhether it is viable for Greece’s coalition government, which for the last few months has been... 9.4 billion euros of fiscal measures in 2013, the submitted draft for 2014 includes another sizeable... comment, reports in the Greek media suggested that additional fiscal measures of between 2 and 3
2% -
What's likely to be in the next multi-bill of prior actions Greek MPs will vote on
EconomyProgramme, the government is preparing a second bill with the remaining measures set out in the Euro summit statement on July 12. This legislation has to be passed through Parliament by Wednesday. This bill... of BRRD aims to align the Greek legislation to a set of common measures for EU countries to have
2% -
Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammeto the new three-year ESM programme is approved. Most of these measures were included in the latest list of prior actions the Greek government has committed and sent to institutions on July 9. These measures involve: 1) Changes in the laws for hirings in the public sector, settlement of tax arrears
2% -
Greek stocks fall 3.7 pct during week on inconclusive discussions with lenders
Economyhas been made that could pave the way for discussions on debt sustainability and conclusion... almost agreed on measures worth 3 percent of GDP (5.4 billion) to achieve a primary surplus target of 3.5 percent in 2018. The sticky point at the moment appears to be the contingent measures of 2
2% -
Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammethe variable rates on the loans it has made to Greece to fixed ones. According to the ESM’s debt analysis, if these measures are implemented, Greece's annual debt servicing costs could remain below 15... to Greek debt: Short-term, medium-term and long-term. Any measures adopted will seek to put
2% -
Eurogroup clears 1.1 bln, waits for arrears clearance data to release remaining 1.7 bln
EconomyProgrammethe medium-term measures, Dijsselbloem said they will be quantified by the end of the programme in 2018 and that the IMF has to make its own assumptions in the debt sustainability analysis it is expected... in the Greek programme. On debt relief measures, he said that short-term measures will be discussed
2% -
Global deal in April ruled out as labour reforms prove biggest obstacle
EconomyProgrammethat if not enough progress has been made until the April 7 Eurogroup, negotiations could be delayed... and Thursday to discuss pension and tax measures as well as the counter-measures. He may also hold... targets beyond 2018 as well as on medium-term debt relief measures, while the Eurogroup President
2% -
Debt deal eludes Greece and lenders, June 15 set as final deadline
PoliticsGreek Politicsfor discussion but “not too much” because of the debt maturities in July. Greece has to pay 256... for the period after 2022. Athens was commended for passing the multi-bill of measures last week... for the measures it adopted last week. Some SYRIZA MPs may wonder whether they were misled ahead of the vote
2% -
Tsipras eyes next step after mixed Eurogroup deal
PoliticsGreek Politicsbeing. Instead, he now has a clear run for the next few months that will not involve legislating any... certainty about its fiscal targets, some clarity on debt relief measures and a larger-than-expected... does not accept that there is enough clarity regarding the relief measures proposed to consider
2% -
Budget passed but coalition handouts draw attention
PoliticsGreek PoliticsAttica that has been unable to return to work and a 400-euro handout to unemployed Greeks aged between... for announcing these measures. Apart from the apparent lack of consultation, the creditors object... with Greece’s lenders. The ministry said that there would be compensatory measures for the remaining 27
2%