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IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
EconomyProgrammereduce gross financing needs and the debt ratio by around 7 and 25 percent of GDP respectively by 2060. 2) Payment deferrals that would arise from extending the grace periods by 6 years for ESM loans
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A Eurogroup deal that might be hard to stomach
Agoragoverning council is expected to decide on June 2 to reinstate the waiver on Greek government... of 6 years for ESM loans, and 17 to 20 years for EFSF and GLF loans. Further, it called
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammefor development and management of the total area of 6 million square meters for 99 years. Houliarakis said... actions by June 1, before the meeting of the ECB Governing Council on June 2, which is expected
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If you think it's bleak for Greece now, wait until tomorrow
Agora-crisis levels of around 6 percent for another 44 years, or until 2060. In other words, one of the key... saw growth of 1.2 percent. The equivalent for Ireland has been more than 2 percent. Since reforms
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Greek stocks rebound 1.9 pct during week
Economy, weighed by a drop in sales by 6 percent to 1.05 billion, while EBITDA fell 15 percent to 79 million... reported a marginal net loss of 2 million in Q1, while net interest income fell 0.7 percent quarter
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Deal for Hellenikon sealed; gov't sees improved terms, economic boost ahead
Economyeuros, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80 percent
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Tsipras travels to China hoping to fulfil ambition of closer Sino-Greek ties
PoliticsForeign PolicyEven before SYRIZA came to power, it was interested in improving Sino-Greek relations so Prime Minister Alexis Tsipras now has an ideal opportunity to try to achieve this as he heads for a visit to Beijing from July 2 to 6. Tsipras will be visiting China after being invited there by the country’s
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomypercent. On the flipside, interest rates for corporate loans above 1 million euros edged up by 2 bps... cards) declined by 11 bps to 14.48 percent, while the housing loan rate also fell by 6 bps to 2.69
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Greek stocks fall 1.5 pct, banks underperform for third straight week
Economyby gains of 6 percent in the succeeding three sessions. Overall, Greek bank shares have lost 10.6... net profits by 33.6 percent to 19.4 million with revenues up by 2 percent to 262.6 million, while
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Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
EconomyMacroeconomyposted in Q1. As a result, investment grew by 2 percent in H1. However, investment has tumbled... by the Association of Greek Tourism Enterprises (SETE) point to a rise in foreign arrivals by 6 percent
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