Search
-
Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek Politicsgeneral council and Thursday’s gathering of eurozone finance ministers in Luxembourg. Greece has..., no other opposition party has indicated that it is willing to fully support this package of measures..., there has been no increase on the discount. Should ECB officials choose to impose a higher haircut
1% -
Greece rides the ghost train
Agoranegotiations, and therefore the prevailing uncertainty, he has allowed the economy to be damaged further. In turn, this has meant that the size of the fiscal adjustment he needs to make to hit whatever... eke out something at the last minute that would make such an agreement a little more palatable. He has
1% -
Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politicsa debt swap between the European Stability Mechanism and the European Central Bank has not been... a deciding factor in negotiations. The ECB has reportedly planned an emergency session of its governing... only progress if there are “adults in the room” was probably the most acerbic criticism that has been
1% -
Tsipras faces lenders' wall in Brussels as political tension grows in Athens
PoliticsGreek PoliticsJeroen Dijsselbloem has said he wants a document to emerge from the talks between Tsipras.... It is fairly likely that if Tsipras comes back with the deal that has been put on the table by the lenders his... in front of Tsipras are an attempt to bring down his government. This speculation has been fuelled
1% -
As second bailout comes to an end, Tsipras eyes third amid domestic turmoil
PoliticsGreek Politicsin with reports from Brussels that the government has offered to back the "Yes" vote on Sunday or to cancel... has been held on Sunday. These developments come after reports of heightened tension within... lenders. This difference in opinion as well the devastating impact of Greek banks being shut has
1% -
Tsipras wins referendum but sceptical lenders, limited time stand in way of deal
PoliticsGreek Politicsthe possibility of an agreement in the short-term has moved even further away as an emboldened Tsipras will push for better conditions from lenders. He has already made a clear reference to a 30 percent reduction... open by Tuesday. Also, Athens has to pay the first round of civil servants' salaries for the month
1% -
Between heaven and hell
Agoraand the future looks bleak. It is no surprise that there has been a rise in the number of Greeks seeking... and capital controls were introduced, the mental strain Greeks have been under has increased immensely. However, something surprising has happened: Rather than seeing Greeks panicking, as many people
1% -
Tsipras suffers serious knocks in prior actions vote but emerges on his feet
PoliticsGreek PoliticsKonstantopoulou, who gave a fiery speech against austerity policies. Varoufakis has already been replaced... a plan to return to the drachma but Tsipras has now put pressure on the Left Platform to come out... not believe the threat of a Grexit will be put to bed until the third bailout has been agreed. Thursday
1% -
ECB increases ELA limit for Greek banks in first positive signal since referendum
Economyhas proposed to be disbursed by that date. Draghi said that the GGB repayment will provide some room..., which is above the eligibility threshold. However, he stressed that the other key QE condition has... over the last three weeks but it is too early to argue that the liquidity issue has been resolved.
1% -
What this week's VAT changes mean for household budgets and public coffers
EconomyProgramme. The government has indicated it would consider some form of tax refund for inhabitants to counterbalance the VAT hikes, yet this has not been confirmed at the moment. Similarly, the new VAT rate of 13 percent on hotels will also be effective as of October 1. However, since VAT rate on catering has been moved
1%