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Fresh inquiry looms as file on farming subsidy investigation reaches Parliament
PoliticsGreek Politics. PASOK spokesman Pavlos Christidis said every Greek citizen was being asked to pay 40 euros... to the governing party. The findings of the investigation by the European Public Prosecutor’s Office
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Corruption claims, foreign policy missteps impede government’s efforts to build momentum
PoliticsGreek Politicsto accept fraudulent applications for subsidies and then pay out the EU funds to the claimants. According... opposition parties in these findings, they also represent a problem for New Democracy. It also needs
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Mitsotakis delivers major tax-cut package as he seeks to stay course for another term
PoliticsGreek Politics. The government will undoubtedly pay a lot of attention over the coming days to whether the TIF... Office is due to deliver new findings as part of the ongoing OPEKEPE investigation that could
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Government faces pushback on labour law amid lukewarm response to tax cuts
PoliticsGreek Politicsover working hours while absolving them of the requirement to pay contributions for overtime... are satisfied has dropped from 24 pct to 19 pct. New Democracy is watching these findings with some
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Tsipras issues rallying call to progressive camp as ND slides in polls
PoliticsGreek Politics’s largest private shareholder - while Greek consumers continue to pay high energy bills. Messages... 20 pct to name corruption and institutional crisis as their main worry. The findings show the limits
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomybillion. The MoF assumes that the remaining Greek banks will pay back their preference shares within 2014 resulting in a reduction of funding needs by 5.1 billion. This amount equals to the country’s... of funding needs, the MoF points out that two Greek banks (Alpha and Piraeus) have repaid
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Eurobank: From nationalisation to re-privatisation
Agora. Unlike the other three systemic lenders, Eurobank’s management has recently indicated it will not pay... of both banks’ acquisition by Eurobank. In particular, Hellenic Postbank’s funding gap and capital of 3.7.... Proton Bank’s initial funding gap of 862 million was covered by the Hellenic Deposit and Investment
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After rocky start, some political backing for SYRIZA but ECB holds key
PoliticsGreek Politicsfor Greece to be able to pay the ECB bonds due in July and August. However, with Greece’s bailout extension ending on February 28, there is a danger that Greek banks could no longer eligible for ECB funding... have turned to the ECB’s Emergency Liquidity Assistance (ELA) for funding. The ECB’s governing
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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek Politicsto pay to the IMF in June, which it could do either by issuing new T-Bills or if the ECB releases... by the Greek government as the only way for it to cover its funding needs (including a payment... a deal on the remaining measures in order to unlock the 7.2 billion euros in bailout funding that has
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Newsletter 30 - 12/06/2015
the necessary bailout funds by the end of the month to pay the 1.6 billion euros due to the IMF. Given... its short-term funding needs, mainly related to IMF payments, as well to substitute foreign investor... that the Greek banks have placed with the ECB as collateral for funding purposes. Those bonds were granted
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