Tag Archives: progress

Ten people have been brought so far to police station as investigation on the murder of US scientist Suzanne Eaton is running in full speed. At the same time, police is combing farmhouses, old warehouses, pens and houses in the wider area looking for evidence, for example for a knife …

Read More »

The European Commission released the European Semester 2019 Spring Package with recommendations for all Member States in order to advance sustainable and inclusive economic growth. On its 7-page long report on Greece, the Commission notes that “Greece is currently in the preventive arm of the Stability and Growth Pact and …

Read More »

The Greek economy still faces “excessive imbalances” such as a high public debt, unemployment and a high rate of non-performing loans, despite progress made in the last few years, the European Commission said in its Enhanced Surveillance Report published on Wednesday. In their report, Greece’s lenders raise nine objections to …

Read More »

“The goal is to have a comprehensive agreement for Greece’s exit from the programme at the Eurogroup meeting in June, Eurogroup President Mario Centeno said on Friday after an informal meeting of euro area finance ministers in Sofia. Speaking to reporters, the Eurogroup’s President said that the heads of the …

Read More »

“No more memoranda for Greece,” European Commissioner for Economic and Financial Affairs, Taxation and Customs, Pierre Moscovici said in an interview with the European Progressive Forum. “Greece will become, in economic terms, a normal European country once again.” Moscovisi stressed adding however, that “Greece’s economic policies will be monitored through the …

Read More »

The International Monetary Fund on Tuesday said the Greek economy will grow by 2.6 pct in 2018, up from a 2.4 pct growth rate estimate envisaged in a draft budget plan tabled to Parliament by the Greek government last week. The IMF expects the Greek economy to grow 1.8 pct …

Read More »

Two of the victims seriously injured during the earthquake on the island of Kos on Friday are still in critical condition. The 21-year-old Swedish man injured with multiple trauma and brain bleeding remains intubated. The 23-year-old Norwegian man who underwent amputation in both legs is in the Intensive Care Unit …

Read More »

Media quoting Greek government sources report Thursday afternoon that there will be an extraordinary Eurogroup meeting in the fist ten days of May in order to conclude the second review of the current Greek program. “This is the creditor’s commitment,” the sources said adding that the staff-level agreement will be …

Read More »

The aim is to reach a staff level agreement by the Eurogroup on April 7, European Commission spokesman Margaritis Schinas said on Monday, as Greece and lenders continue negotiations in order to conclude the second review of the current Greek program. The spokesman said that the negotiations between Greece and …

Read More »

Head of Eurogroup Jeroen Dijsselbloem expressed the view that Greece is moving in the “right direction”. However he also expressed concern about the political stability in the debt-ridden country. Speaking to Belgian newspaper L ‘Echo (weekend edition) about Europe in general and Greece in particular, Dijsselbloem said that the country …

Read More »

The critical negotiations between Greece and the lenders aiming to conclude the second program review …concluded at 5:30 a.m. on Tuesday without agreement. Main issues that still remain open are the Labor and the Fiscal ones. There was some convergence in the fiscal issues, the gap decreased to 600 million …

Read More »

“In Greece there is progress, but you have a long way ahead,” US President Barack Obama said during his conversation with President Prokopis Pavlopoulos in front of the cameras. Obama added that the United States stand by Greece and the Greek people. he made a special reference to the refugees …

Read More »

Turkey rejected the latest EU report on the accession process, saying that “is far from being constructive” and that in some points it lacks in objectivity. In its report, the EU voiced concern about the crackdown on opponents after the failed coup in July. After the EU released the report, …

Read More »

Same procedure as last time? Same procedure as every time! – before Greeks and lenders come together to talk about the Program progress that usually ends in the release of a bailout tranche. As the second review of the Greek program in terms of the third bailout are to commence …

Read More »

Effusive as always with big smiles and bigger hugs. European Commission President  Jean-Claude Juncker enjoys a nice two-day visit in Athens, with delicious expensive fish eating (all bones removed!) and wandering around praising Greece and the Greeks to the left and to the right with an unprecedented generosity – and …

Read More »

I have no idea whether these warm Eurogroup feelings towards Greece have something to do with the upcoming Valentine. Most probably not. But Dijsselbloem & Co had rather some praise for Greece and not the usual sour expressions in their faces. Eurogroup Chief Jeroen Dijsselbloem upon arriving: “The Greek program …

Read More »

For one more time creditors sent a clear message to Greece: first the new deal will have to pass through the Parliament. Only then they will turn on the faucet and let 2 billion bailout tranche and 10 billion for the bank recapitalization flow towards the Eurozone south. The Euro …

Read More »

After 6 hours the meeting between Greek PM Alexis Tsipras with EC’s Juncker, ECB’s Draghi and IMF’s Lagarde concluded without a positive result, without a deal. Apparently the differences between Greece and its creditors remain. Immediately after,  the Eurogroup started and thus despite the fact due to lack of Tsipras-creditors …

Read More »

Eurogroup meetings, Institutions meetings, Euro Leaders meetings. Monday’s race between Greece and the creditors ended … early Tuesday without a deal. But with a perspective for a deal. And a bombastic package of austerity measures worth 8 billion euro for 2015 and 2016.       Three Shades of Grey – …

Read More »

A strange silence is hanging over the Greek battle field. Exhausted physically and mentally German, Greek and IMF soldiers are hiding in the trenches, tired of the frequent battles and the dirty conditions of the economic warfare. It is the monotony between the bailout program review battles, the constant threat …

Read More »