Search
-
Athens remains optimistic but no breakthrough in talks yet
PoliticsGreek Politicsminister and one of Tsipras’s key advisors on economic issues, spoke of the need for Greek debt... by the institutions and the expansionary counter-measures that the Greek side wants to put forward... incomes. Greek government officials were due to discuss with the lenders the package of measures, which
1% -
Stocks rebound by 0.7 pct for third straight week amid light trading activity
EconomyThe Greek stock market edged up 0.7 percent for the third successive week following the return of the institutions’ mission chiefs to Athens and resumption of discussions with the Greek authorities... gains to 4.2 percent in the last three weeks. Since the beginning of the year, Greek shares have risen
1% -
Amid review doubts, changes to constitution back on main agenda
PoliticsGreek Politics, the Greek government sought to switch the domestic agenda on Tuesday by focussing on plans to overhaul... to leave the Greek capital. “We are in Athens working and I am not committing on a return... issues. In the absence of any tangible progress from the negotiations, the Greek government has
1% -
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.... The institutions’ mission chiefs and the Greek ministers have not reached an agreement so far on the counter... of the interventions proposed by the IMF, with the rest being ones that the Greek side has identified. SLA
1% -
Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek Politicsappears to have been completely shelved for the time being, with the Greek government looking... the sense that Greek workers have a stake in the expected recovery. Specifically, the panel of experts... year warrants optimism about the ability to beat future targets. As such, the Greek government feels
1% -
Greece, creditors seek progress at Eurogroup on key differences holding up review
EconomyProgrammethat will have to be resolved if the second review is to conclude in the days ahead. The Greek ministers... in Washington on April 21-23 mean that a comprehensive agreement on the Greek programme, including..., Greece is the fourth item on the agenda and the four institutions along with the Greek Finance Minister
1% -
To Potami and PASOK battle it out for dominance of centre-left
PoliticsGreek PoliticsPASOK strengthened its position as the third-largest party in Greek Parliament this week after... the centre ground of Greek politics, such as Athens Mayor Giorgos Kaminis. The three former ministers made... by moderate Greek voters. However, the bigger challenge for To Potami, as well as PASOK, is connecting
1% -
Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomyGreek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67.... The corporate loan rates in the Greek market currently stand 150-250 bps above the respective eurozone... decline of 33 bps in the average interest rate spread for Greek banks to 4.21 percent in February.
1% -
PMI falls to 46.7 in Mar on drop in new orders but outlook positive for next months
EconomyMacroeconomyto a sharp drop in new orders, further decline in output and reduced employment. However, Greek firms... for the seventh consecutive month. As a result, Greek manufacturers reduced their output as well as their post... signalled an ongoing downturn in the Greek manufacturing sector,” said Markit analysts, adding “firms
1% -
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... through the inclusion of Greek bonds in the European Central Bank’s QE programme and culminating... is for the differences with the lenders to be resolved and for the review to get moving again. Reports in the Greek
1%