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Eurogroup stresses need for quick review, leaves some issues open
PoliticsGreek Politicscases and the effect it has internationally on the confidence in Greece and the process... indicated that the lenders are content with the fact that the Greek state has dropped proceedings... over time, and has evolved over time, and that's just standard procedure,” he said. “But again, I am
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Tsipras urges swift conclusion of review but doubts linger
PoliticsGreek PoliticsAlexis Tsipras has urged his ministers to act quickly to complete the prior actions before the end... the government and it seems that since then there has been a decision to focus on the positives..., even though the Finance Ministry reportedly has reservations about whether this is possible
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Coalition bolsters unity in face of opposition pressure
PoliticsGreek Politicsonly recognises a Muslim, rather than Turkish, minority in northeastern Greece and has refused... of instability within the coalition has been lifted but also suggests that Tsipras and Kammenos have taken... blow for the leftist party but Chrysogonos has often been critical of the government since 2015
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NBG steps back into markets with 750 mln covered bond issue
EconomyBankingThe National Bank of Greece (NBG) has become the first Greek bank to venture back.... The sale marks the first time a Greek bank has sold a bond on the international markets since 2014. There has not been a covered issue by Greek banks since 2009. The bond issue attracted over 2 billion
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammeforecast for 2017 which has been revised downward from the 2.1 percent July estimate. On the fiscal... as part the draft budget for 2018. Differences with Europeans The IMF has more conservative... into its debt sustainability analysis. As the eurozone has always been reluctant to revise programme
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Opposition parties seek renewal as Tsipras visits Washington
PoliticsGreek PoliticsNew Democracy leader has been that he want to introduce more outside expertise and dilute the narrow party-based system of appointments. He has also, for instance, pledged a major renewal... has closed the gap on the centre-right grouping since the summer. The announcement of the new advisory
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Disposable income grows by 0.2 pct in Q2 on higher remuneration, consumption rises
EconomyMacroeconomyhas been reduced by 28.5 percent, or by 11.64 billion, reflecting elevated unemployment, a rise... rise of 0.2 percent, and stood at 15.36 billion. Employee compensation has fallen by 26.8 percent over... declined by 0.7 percent year-on-year to come to 1.89 billion. Since 2010, property income has plummeted
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Focus back on remaining prior actions after mission chiefs' visit
EconomyProgrammeto the completion of the third review. Kathimerini claims that it has been agreed that the issue... at the end of the year. The other fiscal-related matter that has to be settled, but before the end... a close eye on electronic auctions, which the government has promised to launch by early December
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Sub-tranche released but PPC poses key challenge in review
EconomyProgrammeagreement to be reached before the Eurogroup on December 4. If the review has not been concluded... customers, which is equal to 46 percent of its annual turnover, while it has outstanding debts of 3.8... lenders (compared to 65 percent today), after ENFIA property tax has been settled and employees paid
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Eurogroup sees review conclusion in sight, warns over property auctions
EconomyProgrammeof the year." “I agree with what has been said. We made good progress in the last mission,” said...-performing loans (NPLs), which has become one of the hot-button issues in the current review. Draghi’s... this issue, the Greek government also has to proceed with the implementation of almost 70 prior actions
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