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Tag Archives: deal

Government and banks strike deal on protection of “main residence”

The Greek government and representatives of the country’s four systemic banks have finally agreed on the issue of debtors and the protection of the ‘first residence’. After weeks of negotiations, the government and the banks agreed on the framework that will protect the first residence of defaulting borrowers. The criteria …

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Greece gov’t dismiss reports deal with creditors to scrap pension cuts measure

To cut or not to cut? The  upcoming austerity measure of pension cuts as of 1.1. 2019 became top on the agenda of political debate between the government, the opposition parties and the media on Friday. An exclusive report by Athens News Agency said that Greece’s creditors considered the “social …

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Greece warns Brussels: No Brexit deal could trigger economic meltdown

Greece has sent a shock warning to European Union bosses that they risk the economic and political stability of the bloc’s poorer countries while jousting with Britain over a possible no-deal Brexit. Athens said Brussels failing to deliver a Brexit deal would leave the country facing “increased financial and political …

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German-Greek deal on refugee returns advancing but not easy

Talks between Germany and Greece on a deal for refugees returns are fairly advanced, said Chancellor Angela Merkel on Monday, highlighting that an agreement with Italy still has some time yet. “We are in the process of negotiations,” she said during a joint press conference she gave in Berlin with …

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Merkel: “A proof of trust Greece is given several decades to recover”

German Chancellor Angela Merkel said that long period of primary surpluses was necessary fro Greece in order to reduce debt. She denied she had any deal with Prime Minister Alexis Tsipras to postpone Value Added Tax hikes in exchange for asylum seekers’ returns from Germany. At her annual summer press …

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Merkel & Seehofer agree on “migrants’ transit centers” in the borders with Austria

Chancellor Angela Merkel (CDU) and her rebellious interior minister from Bavarian CSU, Horst Seehofer, reached a compromise on migration at almost literally the eleventh hour Monday, averting a government crisis for the time being. Mr. Seehofer, who threatened to resign the previous day, will stay in office. The two agreed …

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Bulgaria, Greece and Serbia sign 5G Corridor deal for driverless vehicles

The European Commission has stated that the Bulgarian and Greek transport ministers, Ivaylo Moskovski and Nikos Papas, and Tatjana Matić of the Ministry of Trade, Tourism and Telecommunications of Serbia, have signed an agreement at the Digital Assembly 2018 in Sofia to develop an experimental 5G cross-border corridor that will …

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Greece’s bond yield hit 4-weeks lows after Eurogroup deal

Greece’s borrowing costs fell to four-week lows on Friday after the country was granted debt relief from the euro zone. Euro zone finance ministers on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can …

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Germany hints IMF can stay out of Greece’s bailout, as EZ and Fund seek last minute deal

Germany has hinted the International Monetary Fund can stay out of financing the third bailout for Greece as Berlin vehemently rejects debt relief. At the same time, Euro-zone  policy-makers will seek last-minute backing this week from the International Monetary Fund for their debt-relief offer to Greece, to ensure it is …

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Greece approves upgrade of F-16 Fleet with US, worth €1.1billion

In an extraordinary meeting, Greece’s Government Council of Defense and Foreign Affairs (KYSEA) approved the program for upgrading 85 fighter jets F-16 of the Hellenic Air Force. The program is worth 1.1 billion euros and has been approved after the US accepted the Greek proposal for payment in installments. The …

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France dismisses Greek claim on “two FREMM frigates leasing deal”

The two French frigates FREMM will not come to Greece. French media reported on Tuesday morning that the French Defense Minister had dismissed Greek reports of last week that the French Navy would lease two FREMM frigates to Greece. According to what Greek Alternate Defense Minister, Fotis Kouvelis, said last …

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Police officers to replace private security guards at Athens Metro and urban train ISAP stations

Police officers will replace private security guards at the stations of  metro and urban train ISAP in Greece’s capital Athens. According to an agreement signed between the Transportation Ministry and Greek Police,  ELAS will supply 200 police officers whose sole task will be the protection of commuters and public property. …

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Russia’s Rosneft signs 5-year oil supply deal with Greece’s Motor Oil Hellas

Russia’s largest oil producer Rosneft and Greece’s Motor Oil Hellas Corinth Refineries have signed a deal on mutual supplies of crude oil and oil products for the next five years, Rosneft said on Monday. Rosneft said the deal, signed with the participation of Petrocas Energy, a Rosneft subsidiary, implied the …

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Greece announces “Return to Bond Markets”, aims to raise €4.03billion

The much anticipated return to the bond markets is on. Greece’s government is returning to the financial markets for the first time since 2014. The bond sale started at 1 p.m. Monday noon July 24th. 2017. The government aims to raise some 4.03 billion euros from the auction, while the …

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