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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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Greek Alternate Finance Minister warns against further delay in deal with creditors

By   /  10/02/2017  /  Finance, GR Finance, GR Politics, Greece, Headlines, Politics  /  Comments Off on Greek Alternate Finance Minister warns against further delay in deal with creditors

  Further delaying the agreement with Greece’s international creditors on concluding the second review of the current bailout programme would get the country in “serious trouble”, the Alternate Finance Minister George Chouliarakis told an audience at the London School of Economics on Thursday evening. “If we leave time pass until May or June uncertainty will […]

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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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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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Greek Prime Minister Alexis Tsipras to visit Ukraine

By   /  05/02/2017  /  Business, Culture, Finance, GR Business, GR Culture, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  Comments Off on Greek Prime Minister Alexis Tsipras to visit Ukraine

  The Greek Prime Minister Alexis Tsipras will visit Kiev on 8 and 9 February, after accepting an invitation by the Ukrainian President Petro Poroshenko. Alexis Tsipras, continuing on a multidimensional and active foreign policy in the Black Sea area will be found in the Ukrainian capital where he will meet with the country’s President […]

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