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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeAfter lengthy discussions over the weekend, the key issues remaining unresolved in the negotiations of Greek authorities with the quadriga mission chiefs are foreclosures and management of bad loans... on the NPL sale process. Greek authorities and the quadriga have reportedly reached an agreement
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Newsletter 52 - 20/11/2015
by the quadriga. The third memorandum of understanding signed in mid-August called for pension savings of 0.25... be financed. Following a meeting with the quadriga mission chiefs on Thursday evening, Labour Minister George
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Goalposts shift as European elections near and SYRIZA cements lead
PoliticsGreek PoliticsA look at recent opinion polls would tell you that the Greek government is under pressure going into the local and European Parliament elections in May but New Democracy and PASOK’s anxiety is also evident from the fact that the two parties are altering...
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Tension builds in Greek coalition and with SYRIZA as elections near
PoliticsGreek PoliticsTension is building on Greece’s political scene as the local and European Parliament elections approach, with divisions emerging within the coalition and the verbal exchanges between governing parties and the opposition intensifying. With PASOK struggli...
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Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
EconomyMacroeconomyThe Greek economy recorded the 24th consecutive period of decline in Q2 of 2014 as Gross Domestic Product measured in constant prices declined by 0.2 percent year on year, which was better than the estimates for a -0.4 percent drop. The first quarter wa...
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SYRIZA shows keener interest in foreign policy as possible elections near
PoliticsForeign PolicySeeing the government close to buckling under the pressure of having to meet the troika's targets, SYRIZA's Alexis Tsipras chose to inflict his own kind of pain on Wednesday, when he claimed that a leftist government would not be bound by the demands ma...
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So far and yet so near for Greece and eurozone after second abortive Eurogroup
PoliticsGreek PoliticsFor the second Eurogroup running, Greece and the eurozone failed to reach an agreement on how to move forward. However, an apparent acrimonious falling out may be less damaging than it first appears and, in essence, the two sides do not seem to be far a...
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Greece near top of EU charts for proportion of population over 65 and 80
SocietyGreece has the second highest proportion of its population over the age of 80, according to data released this week by the EU’s statistical arm. Eurostat figures showed that in 2014, 6 percent of people in Greece were aged 80 or over, just short of the ...
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Receipts from taxes and social contributions rise to 39 pct in 2014, near EU average
EconomyTotal receipts from taxes and social security contributions in Greece improved to 39 percent of GDP in 2014 from 38.3 percent in 2013, Eurostat figures showed on Friday. Despite the recorded improvement, they remain slightly below the euro area and the ...
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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
EconomyGreece’s privatisation chief believes that 2 billion euros can be raised this year from asset sales. Speaking at a meeting of the Athens Chamber of Commerce and Industry (EBEA) on Monday afternoon, the chairman of the Hellenic Republic Asset Development...
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