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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammein the third eurozone bailout programme, both debt and financing needs will become explosive... in the markets at low rates replacing at the same time the existing official sector financing at very... thereafter up to 275 percent in 2060 mostly due the anticipated high cost of market financing more than
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Why it makes sense for ESM to swap Greece's IMF loans
Agorain a cushion of 20 billion euros of programme financing being left aside. To date, the ESM has disbursed... purposes. Regling told Handesbladt that parts of this available financing could be used to repay more.... Prepaying all, or parts, of the IMF loans with ESM financing reduces the level of market access
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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammefinancing needs resulting from the DSA analysis points to serious concerns regarding the sustainability... to use 58.6 billion from the current programme’s available financing, which is 27.4 billion lower... through new issues, keeping some repos unwound and programme financing. Gross financing needs (GFN
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Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammethe debt to GDP ratio by 25 percentage points by 2060 and lowered the Gross Financing Needs (GFN) by six... to 2032. Greece has now a protracted period without any financing needs thanks to the 24.1 billion euros cash buffer with which it exits the programme. This translates into two years of gross financing
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Possibility of snap elections after third bailout agreed is firmly on Tsipras's agenda
PoliticsGreek Politics(ANEL) has also voiced support this week for Tsipras and possible early elections. Top ANEL official... the possibility of working with ANEL again after snap elections, Gerovasili said she saw “no reason
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Newsletter 44 - 25/09/2015
the opportunity to renew his coalition with Independent Greeks (ANEL), the prime minister has... the magnitude of this task, many were surprised that Tsipras chose to ally with ANEL again and not create... that working with ANEL gives him greater room for manoeuvre. However, his government is still lacking
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Omnibus bill prompts no more than rumblings of discontent from coalition MPs
PoliticsGreek PoliticsAnother potential thorn in Tsipras’s side is Independent Greeks (ANEL) MP Nikos Nikolopoulos... to dismiss speculation that he would quit ANEL and become an independent. However, he indicated that his... that there are some ANEL deputies that Tsipras cannot have complete faith in. In fact, Nikolopoulos
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Stress and strain for gov't from farmers protests, police appointments
PoliticsGreek Politicsat paving the way for negotiations). It is thought that Independent Greeks (ANEL) leader and Defence... for the government, especially as he would be the second ANEL MP to leave the post (his predecessor Dimitris... the government’s three-seat majority. Sgouridis would leave the ministry but not ANEL’s parliamentary group
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Coalition's future in question over minister's gaffe
PoliticsGreek Politicsafterwards Defence Minister and the leader of coalition partner Independent Greeks (ANEL) Panos... for weeks. On the other hand, ANEL, has largely been a silent partner, allowing the prime minister... meeting for Wednesday morning, while Kammenos is due to gather the ANEL MPs on Thursday
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Tsakalotos appears but gives little away about negotiations with creditors
PoliticsGreek PoliticsEurogroup. The parliamentary representatives of SYRIZA and Independent Greeks (ANEL) both defended... between SYRIZA and ANEL. The latest friction has come in the form of comments from SYRIZA MP Nikos... that Defence Minister Panos Kammenos, who leads ANEL, is not doing enough to rein it in at a time
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