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Debt
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EconomyProgramme
IMF's outlook on debt unsustainability adds to doubts after inconclusive Eurogroup The Greek government attempted to put a positive spin on Thursday’s Eurogroup even though it seems to have come under strong pressure to adopt the fiscal measures demanded by the International Monetary Fund in advance and emerged from the Brussels meeting without any clear indication of when or under what terms the institutions will return to Athens.
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EconomyProgramme
ESM and EFSF approve short-term debt relief measures for Greece The short-term debt relief measures for Greece were approved by the board of directors (BoD) of the European Stability Mechanism (ESM) and the European Financial Stability Fund (EFSF) on Monday.
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EconomyProgramme
ESM board to specify rules on short-term debt relief measures The European Stability Mechanism (ESM) said on Thursday that its board of directors (BoD) will meet on January 23 to specify the rules of the short-term debt relief measures for Greece.
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PoliticsGreek Politics
Lenders' reaction to pension pledge leaves Tsipras short of options Greece’s negotiations with its lenders became more complex on Wednesday when the European Stability Mechanism revealed that it has put on hold the implementation of short-term debt relief measures agreed at this month’s Eurogroup because of doubts regarding the benefits for pensioners announced by Prime Minister Alexis Tsipras last week.
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PoliticsGreek Politics
Athens sees flexibility on fiscal targets, singles out IMF over role There was a fairly subdued reaction from the government to the outcome of Monday’s Eurogroup, although the coalition did turn its fire on the International Monetary Fund and indicated it would strive to avoid having to agree any new measures now.
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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.