Greece’s creditors eye IMF debt deal
FT — Greece’s international creditors are discussing a plan to drastically scale back the International Monetary Fund’s exposure to the country, potentially through an EU […]
ECONOMY
The ECB grants debt relief to all Eurozone nations except Greece
Social Europe / Paul De Grauwe — It looks like Greece may get some debt relief. There is as yet no certainty about this because some German politicians […]
Greek government submits additional measures bill ahead of Eurogroup
Reuters — Legislation submitted to the Greek parliament late on Wednesday increases the upper band of VAT to 24 percent from 23 percent, adds tax […]
Germany seeks to delay debt relief for Greece
Irish Times — Political haggling over the next phase of the troubled Greek bailout took a new twist as Berlin dangled the prospect of debt […]
The IMF is playing hardball over debt relief for Greece
NYT — The International Monetary Fund is increasing demands for Greek debt relief, setting up another potential standoff with creditors over the country’s bailout, and […]
Trans Adriatic Pipeline construction inauguration in Thessaloniki on Tuesday
CNBC – Prime Minister Alexis Tsipras will inaugurate the start of construction for the TransAdriatic Pipeline (TAP) in Thessaloniki, Northern Greece on Tuesday. Official representatives […]
Tax hikes threaten to brew up a storm for Greece’s coffee drinkers
The Guardian — Greeks will be subjected to yet more taxes as the country’s government attempts to satisfy creditors in charge of disbursing bailout aid.The […]
Der Spiegel: Schaeuble rejects proposal to cap rates – no debt discussion before 2018
Reuters — German Finance Minister Wolfgang Schaeuble does not want to provide debt relief to Greece through long-term interest rate guarantees, according to an unsourced report […]
Greek economy shrinks by 0.4% in first quarter
RTE NEWS — Greece’s economy shrank 0.4% in the first quarter compared to the last three months of 2015, a flash estimate by the country’s […]
Dijsselbloem: Only no go area is the debt writedown
eKathimerini — Jeroen Dijsselbloem, head of the Eurogroup of finance ministers, expects Greece’s spending cuts and reforms plans to be finalized by the group’s May […]
Agreement on Greece by May 24 Eurogroup possible with hard work, Eurozone sources say
ANA-MPA — With hard work there could be an overall ‘package-agreement’ on the review of Greece’s programme, the role of the International Monetary Fund and […]
Schauble: No need for Greek debt haircut
sigmalive.com — German Finance Minister Wolfgang Schauble repeated his view that Greece did not need a nominal debt haircut, during a dinner held in his […]
Start of the new tourism season boosts employment
eKathimerini — The start of the tourism season in April and the fact that the Easter holiday landed at the end of that month appear […]
Greece’s latest financial emergency is both tragic and absurd
In Monday’s Eurogroup meeting, Eurozone ministers have agreed to aim for a deal on Greece’s bailout, and a debt relief plan, by 24 May. But Greece’s […]
Der Spiegel: Greek debt relief driving ‘deep rift’ between France and Germany
Sputnik News — The issue of debt relief for Greece has deeply divided France, Germany and other EU member states ahead of a meeting of the Eurogroup of Eurozone finance […]