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Draghi says Greek QE hopes rest on review conclusion

By   /  06/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Draghi says Greek QE hopes rest on review conclusion

  European Central Bank (ECB) president, Mario Draghi, outlined the necessary steps Greece must take in order for the country to be included in the ECB quantitative easing (QE) program. Speaking to Members of European Parliament on Monday, the ECB chief pointed out that Athens should conclude the review of its bailout program leading to […]

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Greek bailout program review: Athens braces for crucial week

By   /  06/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Greek bailout program review: Athens braces for crucial week

  Ahead of an International Monetary Fund (IMF) board meeting on Monday, 6 February to discuss Greece’s debt-servicing capacity, the country’s government is not expecting any final decision on whether or not the Washington-based Fund will remain in the Greek bailout program as a lender. The greatest part of the IMF’s position vis a vis […]

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Fin Min: Athens not discussing extreme austerity measures

By   /  02/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Fin Min: Athens not discussing extreme austerity measures

  As reports in the Greek media insisted Thursday that the Syriza-ANEL coalition government is closer to agreeing to impose extra austerity measures in order to conclude the bailout review, Finance Ministry sources released a statement commenting on its talks with the country’s creditors. A Finance Ministry announcement made clear that a recent teleconference with […]

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Tsipras, Mitsotakis in heated parliamentary debate

By   /  01/02/2017  /  GR Politics, Greece, Politics  /  Comments Off on Tsipras, Mitsotakis in heated parliamentary debate

  Speaking in Greek parliament on Wednesday, Prime Minister Alexis Tsipras dismissed calls by main opposition leader Kyriacos Mitsotakis for a snap election. During a discussion on the findings of the investigation by a parliamentary committee regarding the legitimacy of loans granted to political parties and media in recent years, Tsipras said calls for a […]

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Syriza MP fuels “Grexit” speculation 

By   /  01/02/2017  /  Finance, GR Finance, GR Politics, Greece, Headlines, Politics  /  Comments Off on Syriza MP fuels “Grexit” speculation 

Syriza MP and parliamentary spokesman, Nikos Xydakis, an ex-minister of Culture, said during an interview on Tuesday that the issue of returning to the national currency should be debated in parliament. As the country’s coalition government has fought off speculation about the so-called “Grexit” ever since first coming to power in 2015, Xydakis brought the […]

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Athens weighs limited number of options as pressure by creditors grows

By   /  31/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens weighs limited number of options as pressure by creditors grows

  The Greek government appears to have a limited number of options available following the 26 January Eurogroup meeting and the set of terms reportedly put forth by the International Monetary Fund (IMF) as conditions for its participation in the Greek program. Athens appears to be far off fulfilling its bailout program obligations. Bloomberg reported […]

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IMF outlines terms for Greek bailout participation

By   /  29/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on IMF outlines terms for Greek bailout participation

A confidential report by the International Monetary Fund reviewing the Greek program was leaked to the press over the weekend. The thirty-eight page document – dated 24 January – describes the terms under which the Washington-based Fund could continue to participate in the Greek bailout program. As expected, pressure is maintained on Greece to legislate […]

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Eurogroup meeting on Greece ends fruitless

By   /  27/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Eurogroup meeting on Greece ends fruitless

A Eurogroup meeting ended in Brussels on Thursday evening without reaching an agreement on the crucial bailout program review and with no agreed schedule for the return of creditors to Athens. Eurozone Finance Ministers sent a clear message to their Greek counterpart, urging the country’s government to legislate fiscal measures that would secure primary surplus […]

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Real economy recovery still elusive as Greeks struggle to make ends meet

By   /  26/01/2017  /  Business, Finance, GR Business, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Real economy recovery still elusive as Greeks struggle to make ends meet

The Greek coalition government celebrated two years in power on Wednesday, however, latest figures show it has delivered very few in terms of turning around the so called real economy. Seven in ten households saw their income drop in 2016 while four in ten believe they will lose assets due to financial difficulty this year, […]

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Athens sends defiant message to creditors: “No more austerity measures”

By   /  25/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens sends defiant message to creditors: “No more austerity measures”

Greek Prime Minister Alexis Tsipras sounded a warning to the country’s creditors ahead of a Eurogroup meeting this week that his government will not legislate any more austerity measures. The PM also ruled out the prospect of an early election being called and yet again called the International Monetary Fund to “assume responsibility for its […]

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