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Economy

Greece favors IMF withdrawal from bailout, Govt spokesman says

Greece’s left-led government says it would welcome a decision by the International Monetary Fund to pull out of the country’s bailout program, which is bogged down in disagreements on further spending cuts. Government spokesman Dimitris Tzanakopoulos is blaming the Washington-based fund for “pointless delays” in the negotiations. Athens hopes a …

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Greece’s banks to radically modernize ATMS

ATMs in Greece are to be radically modernized and offer a series of transactions possibilities that are currently being offered only at the bank counter. The country’s banks plan to replace the ATMs inside and outside the bank branches with a new generation of automated teller machines offering multiple transactions …

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Schaeuble warns Greece on what happens if IMF leaves.

Another warning by the man who never smiles. Another warning to Greece by the man who has nothing better to do than add 0.00002 + 0.00001/2 and double check to verify and confirm the result. Another warning by the bitter man who warns others but himself remains bitterly relaxed. Schäuble …

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For the first time, Greece accepts utility, phone bills for tax discount

The Finance Ministry issued a list detailing the types of electronic spending – credit and debit cards, e-banking and money forwarding – that will count toward the income tax discount granted to most taxpayers as of this year. Just a handful of expenses are excluded, meaning that the threshold will …

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Greeks turn their back to Euro and the Eurozone

The Greek public opinion has changed its attitude towards the euro and the eurozone. While in the first years of the bailout agreements the majority of Greeks supported the euro with around 70%, now Greeks have changed their mind. No wonder after seven years of strictest austerity and internal devaluation …

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New Law allows “autonomous heating” installation without consent

The Greek government put an end to the conflict among apartment owners in multi-storey buildings struggling to supply their homes with heating. Amendment N. 4447/2016 – OG 241 A ’12/23/2016 passed through the Parliament on 23. December 2016 apartment owners may decide in favor of autonomous heating without the approval …

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Arrears to Greece’s state expected to exceed €100bn in 2017

An increase of arrears to the state continues unabated despite accelerated rates of confiscations and seizures of debtors’ bank accounts, incomes and other assets in 2016 by the independent authority for public revenues. Another 890 million euros were added to the total in November 2016, with the latter now reaching …

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