Tuesday , December 6 2022
Home / Tag Archives: lenders

Tag Archives: lenders

Lenders’ representatives in Athens for 4. post program review

Representatives of Greece’s lenders are currently in Athens for the 4th post bailout-program enhanced surveillance review. Citing sources from the Greek economic team, state-run news agency amna reports that the two sides discussed among others the prime minister’s measures presented at the Thessaloniki International Fair (TIF) earlier this month. The …

Read More »

Greece to proceed with unilateral action on protection of primary residence

The Greek government plants to proceed with a unilateral action and submit a measure to protect the primary residence of debtors even if the country’s lenders will disagree. Government sources told media that the government will submit the scheme as successor of the so-called Katseli Law on the basis of …

Read More »

Every Greek owes €29,700 to foreign lenders, says OECD

Every Greek owes €29,700 to country’s foreign lenders, says a debt analysis by the Greek Federation of Enterprises (SEV). The analysis is based on the report “How’s Life” 2017 conducted by the Organization for Economic Cooperation and Development (OECD) on the impact of disinvestment in natural, human, economic and social …

Read More »

Greece’s lenders agree to increase of minimum wage: a bag of peanuts

Representatives of Greece’s lenders have reportedly given the green light for the increase of the minimum wage, an issue Prime Minister Alexis Tsipras has long promised to materialize. During a meeting with Labor Minister Efi Achtsioglou on Wednesday in Athens, the lenders have reportedly recommended a “cautious increase” in the …

Read More »

Greece and lenders reach staff-level agreement on 3rd review

Greece and its lenders reached a staff-level agreement on the country’s third program review on Saturday, Finance Minister Euclid Tsakalotos said after a meeting with the country’s lenders. “We achieved the agreement with the institutions on a staff-level on all issues,” he told journalists. “We won enough things and we are …

Read More »

Moscovici promises Greece “lighter austerity measures”

EU Commissioner for Economic and Monetary Affairs, Pierre Moscovici, paid a short visit to Athens on Wednesday. Moscovici came to Athens to receive the title of  Honorary Doctor from the Athens University. However, he used the opportunity for a meeting with Greek Prime Minister Alexis Tsipras. “Greek agreement is necessary …

Read More »

EU bogeymen urge Greece to implement Reforms asap, as “patience is exhausted”

Whoever thought or hoped that the European Union would learn a lesson form the Brexit vote was wrong – me included. They keep repeating the same mantra as every year and scaremongering tactics against Greece. Speaking to Greek reporters in Brussels on Monday, two senior EU officials said that the …

Read More »

Review Talks between Greece and its lenders to resume on April 18th

The long and intensive talks between Greece and its lenders did not end in conclusion of the Greek Program Review. Finance Minister Euclid Tsakalotos told rpeorters at 2 a.m. that “talks will resume on April 18th, after the Spring Meetings between the International Monetary Fund and the World Bank. According …

Read More »

European lenders & IMF disagree as Greece prepares Pension cuts

The Greek government is not under pressure only due to the Refugee Crisis. The Program Review is still due, with the European Union and the International Monetary Fund to disagree on “the fiscal efforts” required by Greece. Prime Minister Alexis Tsipras assured the Greeks last night, that the representatives of …

Read More »

Survey: 48% support SYRIZA, 54% approve Gov’t negotiations attitude

Despite all odds. Despite all pressure and “bankruptcy” threats and blackmails. 48% of Greeks support left-wing SYRIZA and 54% approve the government’s approach in negotiations with lenders, while 58% want that the Government does not step back under the creditors’ pressure. The majority of respondents reject the additional austerity measures …

Read More »

Hillarious! Greece’s Eurovision song had a secret message to creditors?

Things are not always as they seem to be. While millions of Europeans thought that the Greek Eurovision song was about a broken heart and desperate love with all essential emotions of betrayal, endless pain and struggle… Alas! The lyrics of  “One last Breath” sung by Maria Elena Kyriakou could …

Read More »