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Greek stocks nosedive 9.8 pct over week amid bank sell-off
EconomyDespite a rebound by 3 percent on Friday, the Greek equity market tumbled 9.8 percent for the second straight week amid continued turbulence in the global markets and increasing domestic uncertainty that mostly hit the banking sector. The Eurogroup sent...
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ECB holds off on reinstating Greek waiver, waits for completion of prior actions
EconomyDespite expectations to the contrary, the European Central Bank’s governing council did not reach a decision on Thursday regarding the reinstatement of waiver on Greek government securities. ECB president Mario Draghi said that the council had been info...
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Tsipras tries to push snap election talk off political agenda
PoliticsGreek PoliticsPrime Minister Alexis Tsipras tried on Tuesday to rule out the possibility of snap elections, or at least remove the subject from the current political agenda. Visiting his family home in Epirus, northeastern Greece, Tsipras said that anybody thinking o...
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Tight schedule to approve multi-bill, tick off remaining milestones
EconomyProgrammeMPs are to begin debating on Monday the multi-bill containing draft legislation that will conclude some of the prior actions Greece has to wrap up to secure its next bailout sub-tranche of 2.8 billion euros. The omnibus bill was submitted to Parliament ...
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Parties reach consensus on broadcasting watchdog after coalition backs off
PoliticsGreek PoliticsAfter five failed attempts, Greece’s political parties managed to agree on Thursday over the appointment of a new board at the National Council for Radio and Television (ESR), which is crucial to the government’s efforts to regulate the TV sector. The c...
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Tsipras tries to take pressure off MPs but debt proving hard to settle
PoliticsGreek PoliticsSYRIZA’s parliamentary group is due to meet on Friday after a straightforward cabinet meeting on Thursday, during which Prime Minister Alexis Tsipras even envisioned the possibility of his party being in power for a second term. The gathering of SYRIZA ...
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Athens holds off on bond as Tsipras talks up labour market
PoliticsGreek PoliticsThe process for Greece to return to the international bond markets did not begin on Monday, despite some of the local media predicting in the previous days that this would be the case. Government officials remained tight-lipped on when or if a trial bon...
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Government rounds off legislative activity, Mitsotakis offers alternative on education
PoliticsGreek PoliticsThe Greek government is trying to wrap up its legislative activity before the summer break so that it can then focus on different tasks from September. A raft of amendments was submitted to Parliament this week, much to the annoyance of the opposition p...
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Athens readies labour legislation, but not to cross off prior actions
PoliticsGreek PoliticsAfter a brief summer break, the Greek government is preparing to resume legislative activity, although its next move will not be linked to dozens of bailout commitments that are still pending. Prime Minister Alexis Tsipras met with Labour Minister Efi A...
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Tsipras eyes review conclusion, insists SYRIZA patience will pay off
PoliticsGreek PoliticsPrime Minister Alexis Tsipras assured SYRIZA’s political secretariat on Monday that the government will manage to wrap up the third review on time and that better days are on the way for his party. Speaking to SYRIZA officials after the departure of the...
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