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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammeThe updated supplemental memorandum of understanding (sMoU), which was drafted following a technical agreement between Greece and its lenders, was leaked in German newspaer Handelsblatt on Monday evening. The 53-page document dated May 2 is broadly simi...
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Timetable set for multi-bill vote, Athens hopes for debt progress in meantime
PoliticsGreek PoliticsThe political timeline for the coming days, which revolves around the vote on the multi-bill and the discussions on debt relief, has become clearer. It was revealed on Monday that the omnibus bill, containing the measures and counter-measures agreed wit...
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Debt deal eludes Greece and lenders, June 15 set as final deadline
PoliticsGreek PoliticsMonday’s Eurogroup ended without an agreement on debt relief for Greece, with a possible decision being put back to the next gathering of eurozone finance ministers on June 15. Eurogroup chief Jeroen Dijsselbloem attempted to inject some optimism into t...
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Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeaturesGreek borrowing costs have dropped significantly as the country nears the completion of what is meant to be its final adjustment programme. Greece’s yields started de-escalating in June 2017 following much volatility in the first half of the year as the...
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Lenders set ambitious e-auction targets for Athens
EconomyProgrammeGreece’s lenders have made it clear that they will keep a close eye on the unhindered conduct of auctions throughout Greece by attaching it as a condition for the second disbursement of 1 billion euros from the 6.7 billion tranche that was approved at y...
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Name deal set to be key factor in determining lifespan of SYRIZA-ANEL coalition
PoliticsGreek PoliticsAlthough differences between coalition partners SYRIZA and Independent Greeks (ANEL) over the Macedonia name deal show no signs of abating, the government is making it clear that these different views will not trigger a premature end for Prime Minister ...
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Tax cuts set to lead package of post-MoU pledges by Tsipras
PoliticsGreek PoliticsAlexis Tsipras is preparing to play one of his final political cards ahead of the next elections by presenting a package of tax cuts and spending increases at the Thessaloniki Expo (DETH) this Saturday. The prime minister met with business representativ...
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Name deal uncertainty set to continue despite ANEL attempt to clarify stance
PoliticsGreek PoliticsThe Macedonia name issue continues to dominate the domestic political agenda even thought SYRIZA’s junior coalition partner, Independent Greeks (ANEL), claimed on Tuesday that they have no intention of bringing down the government over this matter. Defe...
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Coalition set to extend, improve OCW but opinion poll favours ND
PoliticsGreek PoliticsThe government is trying to tie up a number of loose ends before the end of the year, which it hopes will be popular with voters although a new opinion poll shows New Democracy extending its lead over SYRIZA. The government submitted to Parliament on Th...
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Minimum wage increase set for end of January amid concerns about economic impact
EconomyGreece’s Labour Ministry is moving ahead with plans to increase the country’s minimum wage between 5 and 10 percent amid calls for caution over such measures. The issue is due to be discussed between Labour Minister Efi Achtsioglou and the institutions,...
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