Greece draft budget submitted to the Commission without pension cuts
Greece on Monday submitted its draft budget for 2019 to the EU Commission for approval. Reports have the budget set a primary surplus of 3.6 […]
ECONOMY
Finance ministry lifts capital controls on domestic withdrawals
eKathimerini — Greece’s Finance Ministry announced on Thursday it is lifting all capital controls on cash withdrawals and the movement of capital within the country. […]
Greece wants to speed up minimum wage rise after bailout exit
Reuters — Greece on Wednesday submitted a draft amendment to parliament to speed up the process of raising the minimum wage for the first time […]
Estate agents find signs of recovery in Greek property market
Naftemporiki — Greece’s recession-battered real estate sector is showing faint signs of recovery, according to a nationwide study by an association representing estate agents and […]
Varoufakis:”They have put Greece into a permanent coma and they call it stability”
The Express — Former Greek Finance Minister Yanis Varoufakis suggested the European Union “foisted the so-called bailout” on Greece to save German and French banks at risk of collapse […]
A timeline of Greece’s long road to recovery
DW — On Monday, Greece exited the third and final bailout program of a nine-year debt crisis that has chopped around a quarter off the […]
18 products have kept Greek exports afloat
eKathimerini — According to a study compiled by National Bank of Greece’s Economic Analysis Department, 18 products that account for 30 per cent of all Greek exports supported […]
Europe says Greece is a comeback story. The I.M.F. isn’t convinced
NYTimes — As Greece prepares to end nearly a decade’s worth of international financial bailouts next month, European policymakers have been eager to promote the […]
Germany delays Greece’s final bailout payment
Bloomberg — Germany held up a final 15 billion-euro aid payment to Greece after the government in Athens postponed a VAT increase, on five islands […]
Commission activates 2013 enhanced surveillance regulation to ‘help’ Greece
EC Press release — On 20 August, Greece will conclude its ESM stability support programme, safeguarding its place at the heart of the euro area […]
Christine Lagarde on Greek debt restructuring agreement
IMF — Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of the Eurogroup meeting in […]
Europe decides Greek crisis is over as Eurogroup agrees debt restructuring measures
Reuters – Eurozone finance ministers reached an agreement on debt restructuring for Greece on Friday to smooth out the return of Athens to market financing […]
The prospects of the Greek economy at the end of the bailout
On Aug. 20, Greece is due to exit from its third bailout program. But the country is still saddled with a towering public debt — […]
Germany makes billions in interest from Greek debt misery
Daily and Sunday Express — Figures revealed yesterday show once again that despite Germany’s fear taxpayers would pick up the bill for the crisis in […]
Greek debt deal will be credible to markets – Centeno
Reuters – Euro zone lenders will put together a debt relief deal for Greece that will be credible to markets and involve a rescheduling of […]