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Reforms
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EconomyProgramme
Greece heads to Eurogroup facing uncertain outcome Ahead of the Eurogroup due to start in Brussels on Monday at 3 pm local time, another teleconference was held between the Greek ministers and the institutions’ mission chiefs on Saturday evening.
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EconomyProgramme
What the agreement between Greece and lenders means for fiscal and tax policy Following the first round of meetings between the Greek ministers and the institutions’ mission chiefs at the end of October, Finance Ministry sources said the biggest stumbling blocks in the second programme review were the fiscal gap, funding of the guaranteed minimum income (GMI) and labour market reforms.
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EconomyProgramme
The key elements of the draft agreement between Greece and lenders During the second round of meetings between the institutions’ mission chiefs and the Greek government, a draft supplemental memorandum of understanding (sMoU) was prepared.
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PoliticsGreek Politics
New Democracy applies pressure as coalition prepares for tough December Seeing the government still struggling to conclude the second review, which has prompted speculation about whether this could lead to political developments, New Democracy has chosen to make it absolutely clear that it will not consent to a cross-party administration being formed and to reiterate its call for snap elections.
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EconomyProgramme
Pieces of review puzzle yet to fall into place ahead of Eurogroup Although progress is being made on ongoing discussions between the Greek government and the institutions, an agreement has not been clinched as the various sides have yet to converge on several 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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EconomyProgramme
Having failed to resolve differences, Greece and lenders enter new week of talks Ahead of the Eurogroup Working Group due to convene on Monday, the Greek authorities held a teleconference on Saturday afternoon with the institutions’ mission chiefs on the second programme review.
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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.