Sunday , March 26 2017
Home / News / Economy (page 10)

Economy

Multinational PepsiCo-Ivi closes its soft drinks factory in Attica

Multinational Pepsico-Ivi announced on Monday that it closes its factory in Oinofyta in eastern Attica. Reasons for the factory closure are allegedly the political instability, the tax hikes, the sharp market decline and the “the lack of communication on the part of the Greek government.” The Director General of Central …

Read More »

German Ifo Institute: Temporary return to Drachma, Unconditional Debt Relief

Germans have the solution to Greek Debt crisis: temporary return to Drachma and unconditional debt relief. The idea comes from Austrian economist Gabriel Felbermayr, Director of Foreign Economy Department at conservative think-tank Ifo (Institute for Economic Research) is a Munich-based research institution and one of Germany’s largest economic think-tanks. In …

Read More »

Sharing economy is creating a Dickensian world

The sharing economy benefits its creators, but this may be at the expense of those who do the work or provide the service — as well as the broader economy. The real reasons for the sharing economy are simple. The existing industries targeted by these platforms are frequently inefficient. Over …

Read More »

Chief of private TV channel faces charges of Tax Evasion

The prosecutor of the First Instance Court in Athens issued criminal counts and charges on tax evasion and money laundering against Dimitris Kontominas, the owner of private television channel Alpha TV. According to Athens News Agency, “the charge concerns a sum of roughly 48 million euros that arose as a …

Read More »

ECB Draghi: First analysis of Greek debt sustainability, then QE

Head of the European Central Bank, Mario Draghi expressed concern about the sustainability of the Greek debt and said that assessment on the debt was necessary before Greece could participate in the Quantitative Easing Program. “Discussions on the sustainability of the Greek debt continued. We expressed concern, and steps should …

Read More »

PM Tsipras launches Debt Relief tour in EU

Prime Minister Alexisd Tsipras is launching a Debt Relief Tour to convince EU lenders and key players about the necessity of a debt relief. At the same time, he is in continuous contact with US officials who have access to IMF’s Managing Director Christine Lagarde. According to daily Ta Nea, …

Read More »

Schaeuble: If Greece doesn’t deliver, new austerity measures will come

German Finance Minister Wolfgang Schaebule keeps reiterating his approach to the Greek Debt Relief issue and it seems that nothing will persuade him to change position. In an interview to German daily General Anzeiger,  he warned that “Greeks should not believe that they can halt the reforms and insisted for …

Read More »

Bruegel Institute: Fourth Bailout for Greece in 2018

Greece will not be able to return to the markets and it will need a fourth Memorandum of Understanding in 2018 – this estimation was expressed by Zsolt Darvas, one of the economists of the European economics think tank Bruegel. Speaking at the event Thessaloniki Summit, Darvas said: “Greece will …

Read More »

MNI European lenders & IMF in “political deadlock” over Greek dept

Greece’s European lenders and the International Monetary Fund are in political deadlock over the Greek debt. German news agency MNI reports of a secret meeting last Saturday in Washington where high-ranking representatives from European institutions (ECB, ESM and EU Commission) and Poul Thomsen from the IMF talked about the Greek …

Read More »