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  1. Eurogroup sets conditions for disbursements totalling 10.3 bln to take place

    EconomyProgramme

    the end of October. Greece’s debt obligations stand at 5.74 billion euros from June until the end... would cover Greece’s debt obligations until the end of November. The next short-term issue relates... relates to Prime Minister Alexis Tsipras’s announcement on Sunday that pensioners who received

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  2. Creditors' deal comes up short on debt relief for Tsipras
    Photo by MacroPolis

    PoliticsGreek Politics

    the Greek government’s expectations in many regards. While Greece’s lenders agreed to release... on Sunday to abandon plans to claw back this year’s EKAS benefit from low-income pensioners, which would... Greece’s vicious cycle of recession-measures-recession into one where investors have a clear runway

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  3. Putin visit highlights potential, but also limitations, of Greece-Russia ties

    PoliticsForeign Policy

    There was much enthusiasm in Athens about Russian President Vladimir Putin’s visit on Friday..., that Athens is no longer in place to dismiss the West’s energy preferences. Prime Minister Alexis Tsipras was quite clear during Putin’s visit regarding the limited choices that Athens has. During

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  4. PASOK and Potami aim to firm up joint platform
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    relatively low when the process began, particularly because both party leaders, PASOK’s Fofi Gennimata and Potami’s Stavros Theodorakis did not appear particularly enthusiastic about the prospects of working... Democracy leader that Potami will struggle to attract support at the next elections. Mitsotakis’s pro

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  5. Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row
    Photo by MacroPolis

    EconomyMacroeconomy

    to the corresponding period last year, the Labour Ministry’s information system (Ergani) data showed on Wednesday. In addition, this year’s figure means that there has been a positive balance for the fourth... of 201,056, up by 6,523 from last year’s figure of 194,533. This year’s absolute figure is the highest

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  6. Protests give Mitsotakis chance to round on under-fire coalition
    Photo by MacroPolis

    PoliticsGreek Politics

    New Democracy leader Kyriakos Mitsotakis is seeking to build on his party’s lead over SYRIZA..., as evidence of the government’s determination to create divisions between the economic classes in Greece...’s performance, even though the impact of the latest round of austerity measures has not yet sunk

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  7. In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    fiscal outcome in 2015 and lower bank capital needs. As a result, Greece’s debt to GDP ratio landed.... The Commission’s baseline scenario (A) assumes: 1) GDP to contract 0.3 percent in 2016 and then rebound... remain regarding Greece’s debt sustainability”. The report also examines two downside scenarios

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  8. Coalition wants next review to be swift despite labour reform complications
    Photo by MacroPolis

    PoliticsGreek Politics

    in the coming months. Alexis Tsipras’s government has a stretch of relative calm ahead of it after... gather in Athens on Thursday, the European Stability Mechanism’s managing director Klaus Regling also... that the prime minister’s comments were also designed to coincide with a visit by the committee that has

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  9. Piraeus port law amended, resolving dispute with COSCO over privatisation deal
    Photo via Flickr https://flic.kr/p/4LoFsN

    EconomyCorporates

    to the bill on Thursday following an letter from COSCO’s lawyers pointing out that the draft... the issues that were raised in the company’s letter. As we noted on Thursday, those issues mainly..., it weighs negatively on the government’s credibility regarding its strategy and attitude towards

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  10. Lenders flag up minimum wage, trade union law among issues to be examined in next review

    EconomyProgramme

    Katrougalos at the end of June and was leaked by Greek daily Eleftheros Typos on Sunday, the country’s... to the notional amount of 586 euros. Greece’s lenders propose the minimum wage should be decided by the government based on the country’s economic prospects, level of unemployment, competitiveness

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