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Reforms
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Economy
OECD outlines five priorities for Greek reform agenda in 2017 The Organisation for Economic Cooperation and Development published on Friday its annual edition of Going for Growth report, proposing policy actions to boost productivity and growth ensuring at the same time that the benefits from the reforms implementation reach a vast majority of workers and households.
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EconomyProgramme
Greece, creditors seek progress at Eurogroup on key differences holding up review Greece and its lenders head into Monday’s Eurogroup with differences on several key issues that will have to be resolved if the second review is to conclude in the days ahead.
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EconomyProgramme
Global deal in April ruled out as labour reforms prove biggest obstacle Speaking to Parliament’s Economic Affairs Committee, Finance Minister Euclid Tsakalotos said on Thursday that the agreement with the institutions would be difficult but would also have “positive surprises,” which could pave the way for QE from the European Central Bank and lead to sustained growth.
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PoliticsGreek Politics
Sceptical mood in SYRIZA, pending agreement with creditors The Greek government swiftly dismissed unsubstantiated rumours on Thursday morning about Prime Minister Alexis Tsipras preparing to call snap elections but it is clear that as long as there is no significant progress in its talks with the institutions such speculation will intensify.
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PoliticsGreek Politics
Slow progress on fiscal, impasse on labour keep review deal on hold There have been no visible signs of major progress in the discussions between Greece and its lenders this week, suggesting that the best-case scenario would be the conclusion of a staff-level agreement ahead of the April 7 Eurogroup rather than the one on March 20.
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EconomyProgramme
With tax-free threshold set for change, income declarations underline need for rethink One of the key issues still to be resolved in the ongoing negotiations between the Greek government and the institutions relates to the International Monetary Fund’s demand for a reduction in the tax-free threshold with the aim of securing additional revenues of 1 percent of GDP (1.8 billion euros) as of 2019.
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PoliticsGreek Politics
Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders Negotiations between Greece and its lenders are due to continue via teleconference this week with the aim of the various parties at least moving closer to a staff-level agreement by the time eurozone finance ministers meet on March 20.
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EconomyProgramme
Pause in review talks, leaving most difficult issues to be tackled The latest round of negotiations between the Greek government and the institutions’ mission chiefs in Athens, which began on February 28, concluded on Thursday.
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EconomyProgramme
Greece, lenders tie up some loose ends and continue negotiating Further progress was made during meetings between the Greek government and the institutions’ mission chiefs on Wednesday, with Finance Ministry sources saying that the out-of-court workout issue has been settled.
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PoliticsGreek Politics
Key obstacles remain in bailout negotiations for pressured govt The government has proclaimed progress in the latest talks with the institutions, which were due to continue on Wednesday, but it remains to be seen whether there have been any significant advances towards a staff-level agreement (SLA) and a conclusion of the review.