Tag Archives: lenders

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 …

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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 …

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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 …

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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 …

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Greece’s Parliament Speaker, Nikos Voutsis, announce don Tuesday, that legislation on all the prior actions needed to conclude the fourth review of the Greek programme will be passed by June 14, ahead of the June 21 Eurogroup. ALl prior actions will be included in a single draft bill using fast-track …

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Greece expects a clean break with lenders when the bailout program expires in summer, the country has no reason to seek a precautionary credit line, Finance Minister Euclid Tsakalotos told Reuters in an interview. Instead, the country is building up its own protective buffer that, along with unused European bailout …

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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 …

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Cornered by fierce opposition criticism and lenders’ reservation to spend €2.4billion for defense issues, the Greek government defended the controversial F-16 deal with the U.S. The deal is not expected to harm the fiscal progress, the government spokesman said, while the defense ministry claimed that the upgrade work will be …

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“If the partner has become a callous lender, who is also a liar and does not stick to the commitments and keeps changing the agreement framework on permanent basis, we should consider rupture with the lenders,” the spokesman of  the parliamentary group of SYRIZA, Nikos Xydakis, said on Tuesday. Speaking …

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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 …

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If one can follow and stomach the Greek news in recent days, he will be stunned about the amount of additional direct and indirect taxes the Greek taxpayers will have to pay in 2017. A total of 2.5 billion euro – that’s the verdict of the draft Budget 2017. Where …

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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 …

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Seventy-one percent of homeless ended up on the streets of Athens in the last five years and 21.7 percent alone in last year, a survey conducted by the Athens Municipality found. Forty-seven percent ended on the streets after losing job. Average age is 48. According to the study findings: 62% …

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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 …

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The country’s lenders proposed that Greece should stop paying wages and pensions,” if the bailout disbursement is delayed due to Greek program review talks. These revelations have been made by the General Secretary of Fiscal Policy, Fragkiskos Koutentakis, on Wednesday. “All institutions, but particularly the IMF, are to blame for the …

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For Greece’s lenders faith was apparently stronger than an agreement on bailout program review, the pensions reforms and the new additional taxation. They left Athens on Sunday and will return beginning of April, after a two weeks break for the Catholic Easter. The representatives of the “institutions” left and left …

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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 …

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Lenders in general and Brussels in particular have apparently a specific vision about Greece’s next government: a broader coalition with parties dear to the European Commission and the European Parliament. You know, like the water-proof Europeans, the good old chaps from PASOK and New Democracy,  the new ‘liberal socialists’ or …

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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 …

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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 …

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