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Greece exceeding bailout program targets – Fin Min

By   /  19/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Greece exceeding bailout program targets – Fin Min

Greek Finance Minister, Euclid Tsakalotos, expressed optimism on Wednesday that Athens is on track to conclude the review of its bailout program, despite negotiations currently being on hold due to the differences of opinion between the International Monetary Fund (IMF) and European creditors over the goals of the program. “If we continue exceeding targets like […]

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Athens looks to overcome obstacles to review conclusion

By   /  13/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens looks to overcome obstacles to review conclusion

On the day of a Euro Working Group meeting, European Commissioner for Economic and Financial Affairs, Pierre Moscovici met with Greek counterpart Eu. Tsakalotos in Brussels. After the meeting on Thursday, Moscovici told reporters that the International Monetary Fund’s (IMF) participation in the Greek program is viewed as reassuring for a number of EU member-states. […]

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Athens takes aim at IMF as it seeks to get review back on track

By   /  11/01/2017  /  Finance, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  Comments Off on Athens takes aim at IMF as it seeks to get review back on track

Labor Minister Efi Achtsioglou was the latest Greek official to take aim at the International Monetary Fund, accusing it of keeping a “negative stance” in the talks Athens is currently engaged in with its international creditors over labor reform. Achtsioglou had a telephone conversation with German counterpart Andrea Nahles on Tuesday and took the opportunity […]

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Athens in race against time to wrap up review

By   /  03/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens in race against time to wrap up review

Finance Minister Euclid Tsakalotos will begin a series of meetings with Eurozone counterparts in the next few days as part of a drive to complete the delayed review of the country’s bailout program. Tsakalotos will therefore seek consensus before a 12 December Euro Working Group and crucial Eurogroup meeting on 26 January. As thing stand […]

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Athens considers concessions to creditors

By   /  01/01/2017  /  Finance, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  Comments Off on Athens considers concessions to creditors

As the Greek government prepares for more direct talks with the country’s creditors after the holiday period, officials appear to be contemplating concessions Athens could make towards agreeing a deal to wrap up the ongoing review of the latest bailout program. Finance Minister Euclid Tsakalotos revealed over the weekend that the government is considering agreeing […]

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Government takes action to guarantee budget execution

By   /  29/12/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Government takes action to guarantee budget execution

Greece’s deputy Finance Minister, Giorgos Houliarakis, issued a circular Thursday providing directions and guidelines to cabinet members in order for the government to stay within the fiscal limits defined by the 2017 State Budget. Houliarakis – one of the key ministers who participates in direct talks with Greece’s international creditors – urged other cabinet members […]

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Row over social benefit to pensioners continues

By   /  28/12/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Row over social benefit to pensioners continues

After a letter he sent to Greece’s creditor institutions was leaked to the press, Finance Minister Euclid Tsakalotos revealed its full content while launching a scathing attack on main opposition New Democracy on Tuesday. The conservative party had pressed the government to reveal its communications with the country’s creditors, charging that the Syriza-ANEL coalition had […]

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Fin Min: No agreement for further austerity

By   /  27/12/2016  /  Finance, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  Comments Off on Fin Min: No agreement for further austerity

Greek Finance Ministry sources made clear that the letter sent by Finance Minister Euclid Tsakalotos to the European Stability Mechanism (ESM) in order for the latter to “unblock” short term debt relief for Greece provided no assurances that fresh austerity measures will be decided by Athens. “The government did not commit to anything more than […]

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Institutions e-mail list of concerns to Athens over social benefits

By   /  23/12/2016  /  Finance, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  Comments Off on Institutions e-mail list of concerns to Athens over social benefits

An e-mail was delivered to Athens on Thursday with which its creditor institutions request clarifications regarding the Greek government’s recent controversial decision to hand out social benefits. Local media reported that European Stability Mechanism sources expect an answer from Greek authorities before Christmas. Greek government sources said Athens would provide assurances that the 617 million […]

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IMF comments on Greece cause strong reaction

By   /  13/12/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on IMF comments on Greece cause strong reaction

Comments by director of the International Monetary Fund’s European Department, Poul Thomsen, and its economic counselor and director of research, Maurice Obstfeld, on the Greek program caused a strong response from the Greek government on Tuesday. An article co-authored by Thomsen and Obstfeld said the IMF should not be accused of demanding more austerity for […]

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