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Trump elections and change Germany’s attitude towards Greek program

By   /  17/02/2017  /  GR Politics, Greece, Politics  /  Comments Off on Trump elections and change Germany’s attitude towards Greek program

  Fear of the policy that Donald Trump will follow in relation to Europe and polls showing Martin Schulz is likely to be the next German chancellor are causing a radical change of the German government’s stance towards the Greek bailout program. According to Süddeutsche Zeitung, a shift is seen in the CDU/CSU ruling coalition […]

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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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ESM proposes short term debt relief for Greece

By   /  01/12/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on ESM proposes short term debt relief for Greece

The European Stability Mechanism (ESM) proposes the reduction of Greek public debt by 21.8% as a percentage of GDP in 2060, which will be presented to the December 5th Eurogroup, says a report in the Wall Street Journal. The report cites a six-page document of the ESM, dated November 25. According to the publication, the […]

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Moscovici, Draghi boost Greek debt relief hopes

By   /  29/11/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Moscovici, Draghi boost Greek debt relief hopes

Greek Prime Minister Alexis Tsipras received a much welcome boost on Monday to his hopes of Greece being granted debt relief by its international creditors, a development most notably strongly opposed by Berlin. During a meeting with European Financial Affairs Commissioner, Pierre Moscovici, on the Greek bailout program and economic developments in Greece, the Commissioner […]

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Reuters: The IMF will stay out of Greek bailout

By   /  09/10/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Reuters: The IMF will stay out of Greek bailout

Athens, October 10, 2016/Independent Balkan News Agency The IMF will not participate in the Greek program, but will likely accept a special advisory status, with limited powers, which will maintain the Fund at the table, according to Reuters, citing two senior sources with direct knowledge of the proposals. For over a year, the IMF has […]

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