More tough measures loom as Greece eyes bailout loans
eKathimerini — The government is hoping to clinch the release of 2 billion euros in loan funding, and another 10 billion for Greek banks, after […]
ECONOMY
Azeri delegation discusses sale of majority stake in Greek gas grid operator
ANA-MPA — The sale of a majority stake in Greece’s gas transmission operator (DESFA) to Socar, Azerbaijan’s state-owned oil company, was discussed on Friday during […]
The Greek economy continues to outperform creditor’s predictions
New Europe — More good surprises from the Greek economy were in store by Eurostat. Last weekend, the ECB announced the results of its stress […]
Russia, Greece seen dragging down projected Christmas spend in Europe
Reuters — Families across Europe look set to spend slightly less on average this Christmas, with austerity-hit Greece and Russia showing the steepest declines, a […]
Greek finance minister: Debt deal talks will not start before Spanish elections
Greek Finance Minister Euclid Tsakalotos said on Tuesday that any agreement on Greek debt relief should include grace periods of 15-20 years that would encourage […]
Schaeuble says wants 10 bln eur for Greek banks paid by next week
Reuters — German Finance Minister Wolfgang Schaeuble said on Tuesday he wants the euro zone to pay out 10 billion euros to Greece for the […]
Euro zone won’t release money for Greece until reforms done
Reuters — The euro zone will release the next tranche of loans for Greece as well as money for bank recapitalisation only after Athens implements […]
Greek problems here to stay warns tax chief, as government battles for creditor cash
The Telegraph — Greece is battling to secure the release of €2bn in bail-out cash as one of the world’s foremost tax chiefs has warned […]
SEV head warns Greece will be left without major enterprises
Athens Wire — Greece is running the risk of being left without any major enterprises, exports or production, the president of the Hellenic Federation of […]
Greece ‘s creditors more interested in forcing submission than helping the economy
AP — Greece’s economy will deteriorate further in the next six months as a result of the terms imposed on the country by its EU […]
Eurogroup likely to delay €2bn disbursement over VAT, red loans
FT — The Greek parliament has approved reforms needed to unlock €2bn of bailout aid but several measures still have to be agreed with creditors […]
Greece granted €285m for energy projects
Energy News — Greece will receive a loan worth €285 million (£199.5m) to support energy projects in the country. It aims to improve electricity transmission and […]
Proposed tax hike on microbreweries’ products withdrawn
A clause that would have imposed a special consumption tax on beers produced by small and micro-breweries was withdrawn during discussion of a draft omnibus […]
Report: Greece will restore pre-crisis levels of GDP after 2034.
A new world report by Swiss consulting company Prognos AG foresees a hampered Greek economy into the next decade, according to German newspaper Die Welt that published the results. The report […]
Grimaldi expresses interest in Piraeus Bank’s Hellenic Seaways stake
eKathimerini — The main stakeholder in Minoan Lines, Emanuele Grimaldi, is rushing to pre-empt the sale of the Piraeus Bank’s holding in Hellenic Seaways (HSW), […]