Search
-
Greece sends request for 3-year ESM programme, reform proposals to come
EconomyProgrammeAs agreed at Tuesday’s Eurogroup, the new Greek Finance Minister Euclid Tsakalotos sent a letter... debt obligations as well as ensuring the stability of the Greek banking sector. Moreover, Greece... by the Greek authorities of the detailed reform and measure agenda on Thursday. This will be assessed
1% -
New prior actions may prove obstacle as Athens talks intensify
PoliticsGreek Politicstime on Wednesday, two days after technical teams started meetings with Greek government officials at the General Accounting Office, the Finance Ministry and the Economy Ministry. Publicly, the Greek... receive any new loans. "More reforms are expected... on the part of the Greek authorities to allow
1% -
Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgrammeFollowing an all-night meeting with the quartet of Greece’s lenders, the Greek Finance Minister... included in the latest list sent by the Greek government on July 9. We present below the key interventions... to be submitted to Greek Parliament by Tuesday afternoon so that MPs can vote on it by Thursday. After
1% -
This is the government's strategy on banks and NPLs as part of third bailout
Economydecisions that would undermine the liquidity, solvency and future viability of banks. Greek authorities... Supervisory Mechanism (SSM) of the ECB that will determine Greek banks’ capital needs and the submission... and the state. Greek banks’ DTA stood at 15.6 billion euros at the end of 2014 of which 12.8 billion relates
1% -
Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgrammeprivatisation programme, Greek authorities have pledged to adopt the following measures, which are also... independent asset fund will be established with the objective to manage Greek assets ultimately... and managed by Greek authorities under the supervision of the relevant European institutions. A key
1% -
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... this might allow him to capitalise on the discussion about Greek debt relief that is due to begin after... government. Having worked to rebuild trust with lenders over the last month, the Greek prime minister
1% -
Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyGreek private sector deposit outflows fell to 1.51 billion euros in July from 7.58 billion in June.... At the same time, the reliance of Greek banks on Eurosystem funding eased in July for the first time... Governing Council decided on August 18 to reduce the ELA limit for Greek banks by 1.3 billion to 89.7
1% -
Election Watch: 24 parties and coalitions apply to contest election
Agoradiaploki, meaning the “entanglement” or corruption, of the Greek establishment. Many watched to laugh...) * Democrats/Koinonia Axion/Pirate Party of Greece * Golden Dawn (Nikos Michaloliakos) * Greek People’s... (as Democratic Coalition) (Fofi Gennimata and Thanasis Theocharopoulos) * Patriotic Union/Greek
1% -
Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeReform of the Greek pension system will be one of the thorniest issues in the third bailout... of the minimum guaranteed pension will be granted after the age of 67 years is reached. Overall, the Greek... structural measures proposed by the Greek government that would have equivalent effect and potentially
1% -
Overhaul of energy market among tasks looming for government
EconomyProgrammeas part of its commitments in the third bailout programme. The Greek authorities were initially due... percent discount for energy-intensive users. The Greek authorities should take irreversible steps..., the Greek authorities will introduce by December a new plan for the upgrade of electricity grids
1%