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Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
EconomyUnpaid private debt in Greece is estimated to have reached around 160 billion euros, which corresponds to 88 percent of GDP, but was largely ignored until the last few days, when it became a key issue in the discussion between the government and the tro...
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Greece's troika talks begin with apparent deal on 2015 surplus
EconomyProgrammeIn contrast to previous first meetings between the Greek authorities and the heads of troika mission, the outcome of Tuesday’s inaugural meeting suggests an initial agreement on the fiscal target for 2015. Citing a senior Finance Ministry (MoF) official...
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Regional airports deal represents biggest privatisation yet for Greek government
EconomyHellenic Republic Asset Development Fund (HRADF) declared on Wednesday the Fraport AG–Slentel Ltd (subsidiary of Copelouzos group) consortium as the preferred of three bidders for the regional airports’ tender. The process involves the concession of use...
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Tsipras begins effort to avoid SYRIZA division over deal with creditors
PoliticsGreek PoliticsPrime Minister Alexis Tsipras began on Wednesday his effort to quell any unrest within his party after Friday’s Eurogroup agreement and the reform proposals agreed by lenders on Tuesday signalled a retreat from many of SYRIZA’s pre-election pledges. Tsi...
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Greek stock market up by 3.5 pct over week amid hope of bailout deal
EconomyThe Greek stock market rebounded 3.5 percent this week, albeit with subdued volumes, amid increasing confidence that Greece would reach an agreement with official lenders in the next couple of weeks. Most of the large-cap index constituents closed on po...
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Greek stocks dive by 4.7 pct as bond yields climb on absence of deal with lenders
EconomyFollowing a nosedive of 5.9 percent on Friday, Greek shares remained deeply in the red on Monday as they recorded further losses of 4.7 percent. The negative newsflow stemming from the failed discussions in Brussels between Greece and its lenders soon w...
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
EconomyThe Greek stock market ended the week with gains of 16 percent following a relief rally in the first two sessions amid increased optimism for an agreement between Greece and its lenders. Since then the market slightly corrected on Wednesday and rebounde...
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammeAfter lengthy meetings between the Greek Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis with the quartet of Greece’s lenders in Athens over the weekend, there is an increased optimism that an agreement for a new 3-year bailout...
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Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
EconomyProgrammeAfter discussions with Greece’s lenders throughout the day on Monday, Finance Minister Euclid Tsakalotos told reporters after midnight that the government had reached an agreement with the quadriga mission chiefs on all issues related to the prior actio...
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Deal with lenders buys coalition more time but not internal calm
PoliticsGreek PoliticsHaving overcome the obstacle of reaching an agreement with Greece’s lenders to secure the next bailout tranche and recapitalisation funds, the government now faces the test of passing all the necessary measures through Parliament before the Euro Working...
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