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Global deal in April ruled out as labour reforms prove biggest obstacle
EconomyProgrammea comprehensive agreement could be clinched until April 7, when finance ministers are due to meet... that if not enough progress has been made until the April 7 Eurogroup, negotiations could be delayed until the next scheduled meeting of finance ministers on May 22. The eurozone official said
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Tsipras fails to halt strike as domestic political battle heats up
PoliticsGreek Politicsas the action is due to continue at least until Thursday, forming a new front between SYRIZA and New Democracy... the contract workers in the sanitation departments to remain in their jobs until next February... to the permanent hirings, POE-OTA decided on Tuesday afternoon to continue its prostest at least until Thursday
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingreduction target until Q1 by around 300 million and missed the respective NPL target by 600 million... 2017 until December 2019. This is expected to be driven by write-offs (5.9 billion), restructurings... thereafter until late August to 13.7 billion. The latter almost fully reflects a decline
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Coalition bolsters unity in face of opposition pressure
PoliticsGreek Politicsin office either until the end of the government’s four-year term in September 2019 or until.... The meeting, though, was postponed until next week, prompting reaction from the prime minister’s
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Greek households switch to natural gas in record numbers as winter approaches
EconomyFeaturesin uptake. Heating oil dominated the domestic heating market in Greek cities until a major infrastructure... from Russia, and 25 percent comes in the form of liquefied natural gas (LNG). DEPA was until recently... in the market, 28 new companies have been licensed to act as gas suppliers, a role fulfilled until now only
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Newsletter 145
auctions until the necessary legislation is passed. The raft of amendments irked the opposition... discount. As a result, the discount will remain in place until the end of June on Lesvos, Samos, Chios... and the Dodecanese from January 1. Until now, these islands have had a 30 percent discount on VAT. C/A deficit
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BoG looks at other programme exits and options available to Athens
EconomyProgrammebillion. According to the Commission, 17 billion euros is enough to cover funding needs until August 2019 and 20.3 billion to last until the end of 2019. The BoG also argues that it is imperative... the ECB to maintain the waiver for Greek government bonds until they regain investment grade
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Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgrammebeing followed by the government means that Greece will be fully funded until the end of 2020... with 48 billion euros, whereas its funding needs until the end of 2020 are between 44 and 45 billion... days. The mission is not expected to return to Athens until early May. Its aim will be to secure
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Newsletter 156 -23/03/2018
together “until the end.” The ANEL leader dismissed the claims of a rift, saying it was the work of “those... that Tsipras and Kammenos are wedded to each other until elections become a certainty and their parties... Alexis Tsipras are to either call early elections after the programme exit this summer or to wait until
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Complications over reforms cast doubt on June target for global deal
EconomyProgrammeWith 10 days to go until the meeting of the Euro Working Group on April 12, the onus... deal between Athens and the lenders may have to wait until July, rather than June. More than 70... until the end of this month. Kathimerini reported that the government is now examining two
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