Search
-
Athens keeps options open on gas pipelines despite nudge from Washington
PoliticsForeign PolicyThe Greek government’s multi-pronged approach to energy issues has been in focus over the past few... in extending the pipeline, which aims to carry gas from the Black Sea to Turkey. TAP, which has... a “Greek Stream” extension to the Turkish Stream. The government, however, has already stressed
2% -
Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyby the ECB for that period. Since the beginning of April, the ECB has been assessing the ELA limit for Greek banks on a weekly basis (from bi-weekly before). The cap has been revised upwardly twice... that Greek banks’ dependency on ELA has further increased by more than 2 billion to 76.5 billion
2% -
Signs of siege mentality in gov't dispute with lenders, BoG governor
PoliticsGreek Politicsof the 7.2 billion euros. Athens has put forward similar arguments in the past but the latest attempt... relationship has also been poisoned further by the regular leaks regarding bank withdrawals over the last few... that the battle of attrition that has been going on for some months will continue.
2% -
Fitch keeps Greece's rating at 'CCC'
Economyand depositor confidence has derailed Greece’s economic recovery. This damage will take time to repair..., Fitch expects that the Eurogroup will want the Greek government to demonstrate it has taken some... withdrawals. In addition, loan quality has the potential to further deteriorate given the downside
2% -
Lenders put together proposal that may leave Tsipras struggling
PoliticsGreek Politicsthat the International Monetary Fund has convinced the other partners Greece needs to stick to pension... any suggestions that his administration has been forced into a corner by creditors. Indeed..., chance to govern) unless he has run out of other options.
2% -
Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
EconomyMacroeconomyby 16,100 MoM to 3.52 million, which is the lowest reading since April 2014. In addition, there has been.... This is the lowest reading since May 2012. The jobless figure has almost tripled over the last... for a job. It is the fourth straight month this figure has risen. After a sharp drop by almost 30
2% -
Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek Politicsgeneral council and Thursday’s gathering of eurozone finance ministers in Luxembourg. Greece has..., no other opposition party has indicated that it is willing to fully support this package of measures..., there has been no increase on the discount. Should ECB officials choose to impose a higher haircut
2% -
Greece rides the ghost train
Agoranegotiations, and therefore the prevailing uncertainty, he has allowed the economy to be damaged further. In turn, this has meant that the size of the fiscal adjustment he needs to make to hit whatever... eke out something at the last minute that would make such an agreement a little more palatable. He has
2% -
Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politicsa debt swap between the European Stability Mechanism and the European Central Bank has not been... a deciding factor in negotiations. The ECB has reportedly planned an emergency session of its governing... only progress if there are “adults in the room” was probably the most acerbic criticism that has been
2% -
Tsipras faces lenders' wall in Brussels as political tension grows in Athens
PoliticsGreek PoliticsJeroen Dijsselbloem has said he wants a document to emerge from the talks between Tsipras.... It is fairly likely that if Tsipras comes back with the deal that has been put on the table by the lenders his... in front of Tsipras are an attempt to bring down his government. This speculation has been fuelled
2%