Agora
Posts in Economy
Why Greece is asking for 1.2 bln back from the EFSF
Following the Eurogroup decision on February 20, Greece returned 10.9 billion (European Financial Stability Fund) EFSF bonds at the end of the previous month. That transaction reduced accordingly the country’s debt and the debt to GDP ratio by more than 6 percentage points.
Contributor: Manos Giakoumis
Categories: Europe (281), Economy (329), Greece (496)
Greece: The moment of truth is inexorably approaching
The Greek government faces a dire financial situation in the coming weeks, especially as lenders are unlikely to relent on the conditions of last month’s loan extension. In fact, Tsipras’ insistence on of pushing for a “political deal” is going nowhere: German Chancellor Angela Merkel, who he will meet in Berlin next Monday, 23 March, is unlikely to deviate from her preference for technical, rule-based solutions.
Contributor: Wolfango Piccoli
Categories: Europe (281), Politics (385), Economy (329), Greece (496)
Will the real men of unity please stand up?
At first it seemed like a harmless joke. “And now for one member state, all the men need to take off their ties,” said European Commission first vice-president Frans Timmermans at the end of a recent photo shoot for the College of Commissioners in Brussels.
Contributor: Nick Malkoutzis
Categories: Europe (281), Politics (385), Economy (329), Greece (496)
The ECB's strict rules apply if you dare not comply
Mario Draghi used the word “rule” seven times in his recent press conference following the meeting of the European Central Bank's Governing Council in Nicosia. Six of those references were related to questions about Greece.
Contributor: Yiannis Mouzakis
Categories: Europe (281), Economy (329), Greece (496)
Greece: The gathering storm
As the dust settles from Greece’s negotiations with its lenders and the arduous work of implementing their agreement begins, it is becoming increasingly evident that the next four months will be an extremely testing experience for everyone concerned.
Contributor: Nick Malkoutzis
Categories: Europe (281), Economy (329), Greece (496)