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Creditors' deal comes up short on debt relief for Tsipras
PoliticsGreek PoliticsDespite some positive elements, the Eurogroup agreement announced early on Wednesday falls below the Greek government’s expectations in many regards. While Greece’s lenders agreed to release a significant amount of funding (10.3 billion euros), which wa...
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Deal for Hellenikon sealed; gov't sees improved terms, economic boost ahead
EconomyThe Hellenic Republic Asset Development Fund (HRADF) and Lamda Development signed on Tuesday the long-awaited memorandum of understanding (MoU) for Hellenikon (former Athens airport). The signing of the MoU was one of the key pending prior actions for t...
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As Greeks wait for Brussels deal, general dissatisfaction reigns at home
PoliticsGreek PoliticsAs Greece waits to see the outcome of the ongoing talks with its lenders, the general sense of dissatisfaction among voters was highlighted in a new opinion poll published on Wednesday. The Public Issue survey confirmed the government’s continuing decre...
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Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
EconomyProgrammeThe stability of the financial system was one of the key issues discussed during the two rounds of meetings in Athens between the institutions’ mission chiefs and the government as part of the second programme review. The key financial deliverables of t...
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Govt hopes for Feb review deal but opposition readies in case of snap polls
PoliticsGreek PoliticsThere are increasing indications from government sources that Athens has accepted it is unlikely the review will be completed in time for the January 26 Eurogroup and that a conclusion in February is more likely. In some ways, trying to round off the re...
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Greece searches for balanced deal as talks get underway in Athens
PoliticsGreek PoliticsThere was a low-key start to the negotiations between Greece’s lenders and government officials in Athens on Tuesday. The first meeting of the day saw Finance Minister Euclid Tsakalotos discuss with the mission chiefs privatisation issues. The fiscal ma...
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Athens sees faster pace of progress in review talks but no final deal yet
EconomyProgrammeFollowing the small progress made during Monday’s talks, Greek government sources appeared more optimistic after Tuesday’s meetings noting that a “quite large agreement” has been reached on many issues. However, the same sources stressed that quite a lo...
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Global deal in April ruled out as labour reforms prove biggest obstacle
EconomyProgrammeSpeaking to Parliament’s Economic Affairs Committee, Finance Minister Euclid Tsakalotos said on Thursday that the agreement with the institutions would be difficult but would also have “positive surprises,” which could pave the way for QE from the Europ...
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Stocks climb 4.8 pct on increased optimism about deal with institutions
EconomyThe Greek stock market rebounded strongly this week, shooting up by 4.8 percent for the first rise after three weeks amid increased optimism that a technical agreement between the government and the institutions is within reach. This was largely fuelled...
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Squeezed at home, ministers return to Brussels to look for deal with lenders
PoliticsGreek PoliticsIn the absence of the return of the missions to Athens to conclude a technical agreement, Greek ministers are heading to Brussels in a last-minute attempt to rescue the programme review ahead of Friday’s Eurogroup in Malta. Despite several teleconferenc...
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