Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060EconomyProgramme
Greece is a step away from exiting the enhanced surveillance regime, the monitoring regime that was introduced after the completion of its third bailout, which is due to expire on August 20.
Greece's fiscal path becoming clearer; sizeable adjustment lies aheadEconomyMacroeconomy
After two years of fiscal relaxation across the eurozone thanks to the activation of the escape clause, allowing fiscal rules to be eased so governments could cushion the blow of the pandemic, Greece’s future fiscal path started to take shape over the last few days.
ESM report highlights programme weaknesses, outlines improvements for future bailoutsEconomyProgramme
The European Stability Mechanism published on Thursday, along with its 2019 annual report, an independent evaluation of the Greek bailout programmes.
PM joins forces with some eurozone partners to lobby for "corona-bond"PoliticsGreek Politics
Prime Minister Kyriakos Mitsotakis and eight other European leaders wrote a letter to European Council president Charles Michel on Wednesday, ahead of Thursday’s teleconference, arguing for a coordinated eurozone-level response to mitigate the impact of the coronavirus pandemic on member-states’ economies.
Greece prepares more measures to support economy after Eurogroup relaxes fiscal restrictionsEconomyProgramme
The government is lining up a new set of economic measures to help businesses struggling due to the impact of the coronavirus after receiving the all-clear from the Eurogroup regarding this year’s fiscal target.
Athens steps up drive for fiscal space as fifth post-MoU review continuesEconomyProgramme
Monday’s Eurogroup in Brussels will provide the first opportunity for the Greek government to sound out European officials regarding its efforts to create more fiscal space, while discussions will continue in Athens this week regarding the fifth enhanced surveillance review.
Athens hopes IMF prepayment go-ahead aids case for lower fiscal targetsEconomyProgramme
The Greek government is hoping to get the all-clear from the European Stability Mechanism (ESM) on Monday to make a loan pre-payment to the International Monetary Fund, a move which Athens hopes will boost its chances of convincing its creditors to lower its fiscal targets for the coming years.
Athens launches drive to pre-pay part of IMF loan, bringing budget benefitsEconomyProgramme
Greece has launched the formal process to pre-pay part of the loans it has received from the International Monetary Fund after Finance Minister Christos Staikouras officially requested clearance from the European Stability Mechanism in a letter on Monday.
Brussels urges Athens to remain on reform path as fourth post-MoU review loomsEconomyProgramme
The European Commission (EC) marked on Tuesday the first anniversary from the completion of Greece’s third adjustment programme - a 3-year adjustment effort with emphasis on structural reforms and provided loans of just short of 62 billion euros via the European Stability Mechanism (ESM).
Athens hopes lower bond yields strengthen case for reducing fiscal targetsEconomyProgramme
The Greek government is keeping high up on its agenda the matter of renegotiating lower fiscal targets with the institutions as New Democracy tries to build its case ahead of talks with the creditors in September.