Merkel: Write down of debt for Greece not legally possible
AP — German Chancellor Angela Merkel says a so-called debt haircut for Greece is not possible under eurozone regulations. Speaking in Berlin Tuesday evening after […]
ECONOMY
Germany to Greece: No debt relief for you
Zero Hedge — Whether or not the IMF intended to use a Greek credit event to destabilize Europe as the Greek government first alleged, or […]
IMF’s Lagarde tells Greece debt leak is ‘nonsense’
Reuters — International Monetary Fund Managing Director Christine Lagarde denied on Sunday that IMF staff would push Greece closer to default as a negotiating tactic […]
‘Creditors have many sinister ways to keep debt serf Greece paying forevermore’ says leading economist
RT– International creditors use their financial dominance to push Greece into paying its debts “forevermore” and want their debt peon to serve as an example […]
IMF officials concerned Brexit vote will put Greek bailout at risk, says WikiLeaks
The Guardian– The International Monetary Fund expects that a possible Greek default on its bailout will coincide with the UK’s referendum on membership of the […]
Tax authorities set to begin exhaustive cross-checking
eKathimerini — The business plan of the General Secretariat of Public Revenues provides for the confiscation of state debtors’ safe deposit contents and financial assets, […]
Greek dairy producer Fage confirms it is leaving milk market
eKathimerini — Fage, one of Greece’s leading dairy producers, has confirmed that it will be closing down its milk production unit in northern Greece and […]
Schaeuble expects Greece reform review to be finished in April
Embed from Getty Images Reuters — Greece’s international lenders expect to have finished verifying that Athens has carried out promised reforms by the time of […]
Greek government proposes new taxes and levies to meet creditor’s fiscal targets
Greek Reporter — The Greek government proposed to creditors new taxes and levies on cars, fuel, real estate, mobile telephony, internet connection and cable television […]
Construction activity expected to rebound this year
eKathimerini — After almost a decade of constant decline, construction professionals estimate that 2016 could be a rebound year. They note that had it not […]
Greek banks to keep personal details of 500-euro bill swappers
eKathimerini — Commercial banks are being ordered to note the personal data and transaction history of clients who exchange 500-euro notes, along with cross-checking the […]
Greek bailout talks end without deal as migrant challenges grow
Bloomberg — Greece and its creditors ended talks on Sunday without reaching an agreement on terms attached to a bailout, even as Europe’s most-indebted state […]
Greek bailout review to be interrupted for Catholic Easter
Reuters — EU and IMF inspectors assessing Greece’s bailout progress will leave Athens on Sunday and return after Catholic Easter, sources close to the talks […]
Chinese-managed Piraeus port continues to grow at rapid pace, as new milestone nears
Xinhua — The Chinese-managed part of Piraeus port continues to grow at an impressive, rapid pace under COSCO’s subsidiary Piraeus Port Terminal (PCT) management in […]
Exchanging a 500-euro note with smaller bills can set you back five euros
eKathimerini — Banks collect a commission of 1.5 percent on average when changing 500-euro bills for notes of lower denominations, citing the administrative costs of […]