Search
-
Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek PoliticsA new round of talks with the troika is pending so the last thing the Greek government needed at the moment was a court decision forcing it to return hundreds of millions of euros to civil servants, thereby forcing the Finance Ministry to find the equiv...
8% -
Signs that Greece-eurozone deal may be in sight but much work remains
PoliticsGreek PoliticsAs the dust settles from Wednesday’s inconclusive Eurogroup, it is difficult to assess with certainty whether events in Brussels leave Greece and the eurozone closer or further from an agreement. The meeting of eurozone finance ministers did not lead to...
8% -
As coalition prepares first draft laws, Tsipras may avoid Parliament vote on extension
PoliticsGreek PoliticsThe government appeared on Friday to be leaning towards not submitting the four-month extension of Greece’s loan agreement to Parliament for a vote. Speaking on Friday morning, ahead of a vote in German Parliament on whether to extend the agreement, Sta...
8% -
DTA may spell new trouble for Greek banks
AgoraAlmost twelve months after Greek banks’ capital increases of 8.3 billion euros and six months after the European Central Bank’s comprehensive assessment did not unveil any capital shortfall, capital concerns could emerge again for local lenders. The Fin...
8% -
ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 1.29 billion euros in July after rising by 10.17 billion in June, according to the Bank of Greece's (BoG) monthly financial statement published on Monday. This was the first drop in central bank funding since Sept...
8% -
Tsipras may choose benefits of longer game on elections
PoliticsGreek PoliticsThe Greek government appeared to distance itself further on Tuesday from the possibility of snap elections in September. Government sources told local media that Prime Minister Alexis Tsipras that he is considering asking Parliament to hold summer sessi...
8% -
Gov't mounts defence of pension plan but lenders' approval may take time
PoliticsGreek PoliticsHaving spent the last few days on the defensive after releasing its proposals for the overhaul of the pension system, the government has decided to actively defend its plan both at home and abroad. On Wednesday, the coalition announced a point-by-point ...
8% -
Hirings Balance, May
No image availableCharts8% -
Greece not seen meeting milestones soon, refugee rise may add to tension
PoliticsForeign PolicyThere was little encouragement from Brussels so far this week for the Greek government ahead of the next review. Following a meeting between European Commissioner for Economic and Monetary Affairs Pierre Moscovici and Greek Finance Minister Euclid Tsaka...
8% -
Georgiou conviction may test relationship with lenders
PoliticsGreek PoliticsAn Athens court handed the former head of the Hellenic Statistical Authority (ELSTAT), Andreas Georgiou, a two-year suspended jail sentence on Tuesday, potentially complicating the relationship between Athens and its lenders. The Appeals Court found Geo...
8%