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Athens agrees to legislate more measures; creditors set to return

By   /  20/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens agrees to legislate more measures; creditors set to return

  Prior to a crucial Eurogroup meeting on Monday evening, an agreement was reached an agreement was reached during a meeting in Brussels, in which participants included Greek Finance Minister Tsakalotos, Eurogroup president Jeroen Dijsselbloem, European Financial Affairs Commissioner Pierre Moscovici, Eureopean Stability Mechanism chief Klaus Regling and other representatives of Greece’s creditors. The Greek […]

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Athens hoping for “political agreement” at crucial Eurogroup meeting

By   /  19/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens hoping for “political agreement” at crucial Eurogroup meeting

Greek Finance Minister will attend a crucial Eurogroup meeting on Monday hoping for “a political agreement” to wrap up the review of its bailout program, having pointed out in recent weeks that “delays are not in the benefit of Greece or Europe”. Over the last few days, deliberations have continued between Greek government officials and […]

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Greece considers stance ahead of Eurogroup meeting

By   /  16/02/2017  /  Finance, GR Finance, GR Politics, Greece, Headlines, Politics  /  Comments Off on Greece considers stance ahead of Eurogroup meeting

  News reports have emerged in Greece suggesting the country’s government could be prepared to allow talks with creditors to continue beyond March. Greek Finance Minister Euclid Tsakalotos and European Financial Affairs Commissioner, Pierre Moscovici, discussed a “package” of measures on Wednesday that could unblock the stalled review of the Greek bailout program. According to […]

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Analysts expect review of Greek program to drag on

By   /  15/02/2017  /  Finance, GR Finance, GR Politics, Greece, Headlines, Politics  /  Comments Off on Analysts expect review of Greek program to drag on

  In recent notes to investors, financial analysts expect the Greek government and the country’s creditors to strike a deal to conclude the review of the adjustment program in the summer of 2017, as soon as the country begins to feel the pressure of deadlines for enormous debt repayments. Markets have been nervously waiting for […]

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Informal Feb 20 deadline for Greek review conclusion to be missed

By   /  14/02/2017  /  Finance, GR Finance, GR Politics, Greece, Headlines, Politics  /  Comments Off on Informal Feb 20 deadline for Greek review conclusion to be missed

  Uncertainty over the course of Greece’s bailout negotiations is expected to continue as negotiations look set to continue beyond the end of February, possibly into March. Eurogroup chief Jeroen Dijsselbloem revealed on Tuesday that an agreement at the 20 February Eurogroup meeting to conclude the review of the Greek bailout program is not likely. […]

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Lagarde defends IMF position on Greece; economy shows signs of recovery

By   /  14/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Lagarde defends IMF position on Greece; economy shows signs of recovery

  After taking heavy criticism from Greek officials and the country’s Prime Minister last week, the International Monetary Fund insisted on Monday that it will not change its views on the Greek program. Speaking to Reuters, IMF Managing Director, Christine Lagarde, said: “We have been asked to help, but can only help at terms and […]

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Athens closer to agreement with creditors; IMF heavily criticized

By   /  12/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens closer to agreement with creditors; IMF heavily criticized

  The Greek government escalated its criticism of the International Monetary Fund (IMF) over the weekend, accusing it of complicating the second review of the country’s bailout program by tabling unrealistic demands. Athens and creditors have moved significantly closer to a deal to conclude the review of the country’s program. The quartet of Greece’s creditors […]

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SEV says “Grexit” is worst possible scenario for Greece

By   /  10/02/2017  /  Business, Finance, GR Business, GR Finance, Greece, Headlines  /  Comments Off on SEV says “Grexit” is worst possible scenario for Greece

A paper by the Hellenic Federation of Enterprises (SEV) strongly warns against the risk of Greece returning to its national currency – also known as “Grexit” – stressing that the concerns being raised over the prospect are damaging the economy. SEV points out that Greek citizens should not consider a “Grexit” scenario to be positive […]

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Fraport clinches financing for landmark privatization of 14 regional airports

By   /  08/02/2017  /  Business, Finance, GR Business, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Fraport clinches financing for landmark privatization of 14 regional airports

  The management of fourteen regional airports in Greece will be officially assumed by Fraport Greece, a German-Greek consortium, on March 14. Fraport and Greece’s Copelouzos Group won an international tender by the country’s privatization agency (TAIPED) to assume the management of the airports. According to the 1.2 billion euro concession agreement signed late 2015, […]

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Greek PM targets imminent QE inclusion

By   /  08/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Greek PM targets imminent QE inclusion

  Addressing a meeting of the Syriza Political Secretariat, Prime Minister Alexis Tsipras told cadres that it is the government’s priority to conclude the review of its bailout program in order to achieve inclusion in the European Central Bank’s quantitative easing program. According to party sources, the PM added that the target is then to […]

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