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  1. Substantial ground for Greece and lenders to cover before May 9 Eurogroup
    Photo by Can Esenbel [www.mundanepleasure.com]

    PoliticsGreek Politics

    to support the basic package of 3 percent of GDP in austerity measures. This has led to Athens... April. According to a report in To Vima, Finance Minister Euclid Tsakalotos has proposed that these cuts... ahead until the Eurogroup on May 9. The Greek side has not ruled out the possibility of a high

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  2. Greek effort to heal rift with Balkan neighbours may have come too late
    Photo via www.mga.gr

    PoliticsForeign Policy

    the diplomatic initiative earlier. Apart from FYROM’s border closure, Bulgaria has also strengthened the police and army presence on its frontiers and has sent a clear message that it will not allow a migrant “corridor” to central and northern Europe to pass through its territory. Albania, meanwhile, has

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  3. A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors

    EconomyProgramme

    to the first two pillars. The detailing of the indirect tax measures has not been officially disclosed... an additional tax burden of 200 euros. The government has reportedly amended its initial proposal... are strongly opposed to the reform, while the General Confederation of Greek Workers (GSEE) has

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  4. Davutoglu departure prompts concern about Turkish unpredictability in Athens
    Photo via @NatashaBertaud

    PoliticsForeign Policy

    the danger of a major incident in the Aegean, arguing that Turkey has used such events during periods... conducts the so-called "exploratory" talks with Greece and has enjoyed Erdogan’s confidence for many.... Davutoglu has been a major factor in Turkey’s positive stance when the Annan Plan for Cyprus

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  5. Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
    Photo by MacroPolis

    EconomyBanking

    in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset... in December, while has slipped to 22.8 billion in May. The breakdown shows ELA funding currently stands at 18.1 billion and ECB funding at 4.7 billion. A part of the previously used Euroystem funding has

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  6. Brexit leaves Greece dangling precariously

    Agora

    before. Brexit has the potential to unleash not just a wave of consequences that will be damaging... on this. European Council president Donald Tusk has warned against going in chase of some kind of Utopian..., the key question will be if this group of politicians has what it takes to steer Greece through

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  7. Pending pensions mount up, complicating fiscal effort
    Photo by MacroPolis

    Economy

    main pensions (i.e. applications for pensions for which the process has been delayed for technical, bureaucratic or other reasons) has reached 159,290 cases. More than half (85,300) related to IKA... pensions to the private sector has an estimated cash deficit of 700 million this year, which is due

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  8. After Brexit vote, Tsipras stresses need for political response to EU shortcomings

    PoliticsForeign Policy

    · A democratic deficit · The resurfacing of stereotypes The Greek prime minister said that the EU has... of the EU, including when he stood as a candidate for European Commission president in 2014. Tsipras has... democrats, gradually moving SYRIZA away from its leftist affiliations. To balance this, he has stressed

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  9. Lew highlights geopolitical dimension of debt relief discussion on visit to Athens
    Photo via @PrimeministerGr

    PoliticsGreek Politics

    and institutions should end up. Except that in the end, it has to work," concluded the US finance chief... the FT. It is perhaps the first time recently that a figure of Lew’s significance has drawn clear links between the pressure on Greece to meet fiscal targets, and what effect this has on the country

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  10. Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
    Photo by MacroPolis

    EconomyMacroeconomy

    with an increase in social contributions by 5.1 percent. Disposable income has plunged by around 13.6... of employees edged up to 14.02 billion euros in Q1. Nevertheless, it has dropped by more than 6.3 billion... 2010, consumption has plunged by 28.3 percent corresponding to around 11.4 billion in absolute terms

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