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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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Moscovici: There is convergence at certain points to conclude the review and move ahead

By   /  15/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Moscovici: There is convergence at certain points to conclude the review and move ahead

  Greece’s talks with its official lenders on concluding the programme review have made progress but more steps are needed, EU Commissioner for Economic and Financial Affairs, Taxation and Customs said on Wednesday upon his arrival at the Finance Ministry. “There is convergence at certain points so that we can conclude the review and move […]

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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 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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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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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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Athens takes first step towards conclusion of review

By   /  24/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens takes first step towards conclusion of review

Athens looks resigned to offering concessions to its creditors in order to wrap up the stalled bailout review. Finance Minister Euclid Tsakalotos is scheduled to take part in a crucial Eurogroup meeting in Brussels on Thursday which could pave the way for the troika to return to Athens next week. A spokesman for the European […]

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Greece set to offer concessions to creditors

By   /  23/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Greece set to offer concessions to creditors

In an effort to swiftly conclude the review of its bailout program, Athens is contemplating slashing the tax-free threshold as a concession offered to creditors. The country’s Economy Minister, Dimitris Papadimitriou, told reporters over the weekend that reducing the tax-free threshold is “on the table”. This was the first time a Greek official has publicly […]

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