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Debt
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EconomyProgramme
Eurogroup grants short-term debt relief but leaves Athens fretting over fiscal targets and IMF Monday’s Eurogroup concluded with eurozone finance ministers agreeing to the short-term debt relief measures proposed by the European Stability Mechanism but leaving several lingering questions about other key issues.
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PoliticsGreek Politics
EU officials see Greek deal close, broad debt talks to follow Two of the key players in the negotiations over Greece’s second programme review expressed some optimism on Tuesday that an agreement between Athens and its lenders could be reached in the next few days.
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PoliticsGreek Politics
Tsakalotos sticks to guns as review compromise remains elusive There was no sign from the Greek government on Monday that it plans to back down in the impasse that has emerged during talks with the institutions aimed at concluding the second review.
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EconomyMacroeconomy
OECD expects Greek economy to recover, stresses need for structural reforms and debt relief In its latest Economic Outlook report published on Monday, the Organisation for Economic Cooperation and Development said it expects a rebound in the Greek economy in the next two years supported by structural reforms, rising business and consumer confidence and stabilisation of the economic and political environment.
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Legal
Out-of-court settlement: An important tool to regulate debts to banks and public sector The Greek government intends to pass a law concerning the out-of-court settlement of debts of entities with trading licenses in an effort to regulate the so called “red loans” owed to banks, funds and the government.
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EconomyMacroeconomy
Fiscal Council adopts 2017 budget forecasts with three reservations Following the tabling of the 2017 budget in Parliament on Monday, the Greek Fiscal Council published on Tuesday its opinion, which concludes that it adopts the forecasts but under three reservations.
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EconomyMacroeconomy
Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth Finance Minister Euclid Tsakalotos tabled in Parliament on Monday afternoon the 2017 budget detailing the government’s fiscal and macro estimates for 2016 and 2017.
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PoliticsGreek Politics
Tsakalotos states case for debt relief as New Democracy sharpens up Greek politics is gradually returning to normality following the excitement of US President Barack Obama’s visit to Athens and his welcome comments on the need for less austerity and more debt relief for Greece.
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EconomyMacroeconomy
Central government debt drops to 323.7 bln in Q3 on bond repayments Greece’s central government debt dropped by 4.63 billion euros quarter on quarter (QoQ) to 323.71 billion in Q3 from 328.34 billion in Q2, according to the Finance Ministry (MoF) debt bulletin.
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PoliticsForeign Policy
Obama emphasises need for debt relief in Athens but Berlin keeps expectations low US President Barack Obama ended his two-day visit to Athens on Wednesday with a significant speech on democracy and the threat it faces but without adding anything significant to issues related exclusively to Greece.