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EC
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EconomyProgramme
Athens aims to wrap up legislation on foreclosures and issue 10-year bond Following further discussions between the Greek government and the institutions over the weekend, Athens is hoping to submit to Parliament in the coming days the draft legislation protecting primary residences from foreclosure.
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EconomyProgramme
EC sets out improvements Athens should make to primary residence proposal Among the areas of concern highlighted in the European Commission’s second post-programme surveillance report are the household insolvency law and debtor protection schemes, which are examined in the context of the overall financial system stability and the ongoing efforts to reduce the stock of Non-Performing Exposures (NPEs) from the systemic banks.
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Economy
EC report notes economic imbalances and outlines remedies The European Commission’s country report on Greece for 2019 has highlighted a number of imbalances in the country’s economy and outlined ways in which these can be addressed.
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EconomyProgramme
Brussels highlights lagging reforms ahead of decision on debt relief measures The European Commission issued on Wednesday the second review in the content of enhanced post programme surveillance of Greece.
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EconomyMacroeconomy
Economic sentiment at 101.3 in Feb, retail trade improves while consumer confidence dips Greece’s economic sentiment (ESI) rose by 1.7 points to 101.3 in February compared to a reading of 99.6 in January, European Commission (EC) figures revealed on Wednesday.
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EconomyProgramme
European Commission report due to set tone for build-up to March 11 Eurogroup The government is waiting for the European Commission to publish on Wednesday its report assessing the state of play with the reforms Greece has committed to carrying out as part of the second post-programme review.
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EconomyProgramme
Tweaks to proposal on protection of main homes likely to be needed It appears that the Greek government still has work ahead of it to refine the proposal for the protection of primary residences as the institutions have a number of objections.
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EconomyProgramme
EU officials suggest frantic days ahead for Athens until March 11 Eurogroup Comments made to Reuters by European officials regarding the possibility of eurozone finance ministers delaying a decision to disburse up to 750 million euros to Greece on March 11 have raised concerns in Athens, where the Finance Ministry is waiting for a response from Brussels to its proposal for a new scheme to protect primary residences from foreclosure.
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EconomyProgramme
Athens prepares new primary residences proposal after finding common ground with banks The Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure.
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EconomyProgramme Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct The institutions have put on record their concern about the delays from the Greek side regarding the implementation of the post-MoU reforms just as Athens pledged that it will be ready to legislate a new framework for the protection of primary residences by the end of the month.