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Eurogroup gives Greece another week to agree measures, keeps tranche and recap funds on hold
EconomyProgrammeDijsselbloem stressed that “a lot of progress has been done” within a very cooperative process. He also... increases. The book-building process of Piraeus has already started, while those of Eurobank
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Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
EconomyProgrammewas not settled at Monday’s meetings and has been postponed for December. The two sides were unable to agree.... The EWG is due to reconvene on Friday (after the bill has been approved) to give the green light
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Positive mood but little substance in Tsipras's Turkey visit
PoliticsForeign Policyin handling the refugee crisis. Davutoglu revealed that German Chancellor Angela Merkel has suggested... the two coast guards as Athens has rejected the German idea regarding joint patrols in the Aegean Sea
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Embarrassment for New Democracy as leadership vote called off due to IT problem
PoliticsGreek Politics. Former Education Minister and MEP Marietta Giannakou has been proposed as a stop-gap leader until... remains to be seen, it is sure that the task for the next conservative leader, who has to revive
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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomyand extrabudgetary funds at 324 and 266 million respectively. The government has indicated it intends... in repos by 189 million. Gross debt has been reduced by 9.4 billion euros in the year to date
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Weak banks drag Greek stocks down by 6.5 pct during week
Economyand Eurobank new shares commenced trading on Wednesday. The government has to implement the second list... with private investor participation via equity and voluntary bond swap offers (LMEs) has been
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Privatisation of power transmission firm ADMIE a key challenge among prior actions
EconomyProgrammeThe privatisation of the electricity transmission company (ADMIE) is one of the thirteen prior actions Greece has to implement by December 11 to unlock the next sub-tranche of 1 billion. According... of the electricity production and transmission being lost or diluted. GENOP’s allegiance has switched from
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Energy drives closer cooperation between Greece, Cyprus and Egypt
PoliticsForeign Policyexcluding the zone near the island of Kastellorizo. Athens, however, has rejected this approach... for stability in the Middle East. Cyprus has already sought closer relations with Jordan, which President
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SYRIZA tries to compose itself ahead of next vote on prior actions
PoliticsGreek PoliticsQuestion Time in Parliament on Friday, which was aimed at rallying his party. There has been... is not the most reliable barometer of the mood within the party. He has suggested in the past that he
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Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
EconomyMacroeconomy, Eurosystem funding has been trimmed by 13.17 billion euros and largely reflects the reduced uncertainty... following the equity raising. Since August 18, the ELA ceiling has been lowered by 13.1 billion, which
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