Monday brings a new wave of evictions, confiscations, foreclosures
Proto Thema – On Monday, November 2, all acts ceased as a result of capital controls – such as foreclosures of homes as part of […]
ECONOMY
Why do Greek banks, found to be ‘healthy’ last year, need another capital injection?
Zero Hedge — It was almost exactly one year ago, on October 26, 2014, when the ECB concluded its latest European Stress Test. As had […]
Varoufakis: New bailout deal is going to fail
Deutsche Welle — Former Greek Finance Minister Yanis Varoufakis is no longer in office, but he doesn’t steer clear of politics. With books, lectures and […]
ECB check of Greek banks to show 14 billion-euro hole – sources
Reuters — The European Central Bank’s health check of Greece’s four big banks will show a total capital shortfall of up to 14 billion euros […]
Greece’s austere surrealism: to tax schools or cars?
New Europe — Following punitive VAT hikes on 40,000 food items on July 20th, the Greek government must find new taxation targets. Tax private schools? That […]
Greece to receive aid from the World Bank
AFP — The World Bank is planning financial aid for Greece through its private-sector arm, stepping outside its traditional role of supporting low-income countries. The […]
The private equity giants, the Greek target and a ‘Trojan horse’
The Independent — The aggressive tax and financing structures used by London private equity giants will come under intense scrutiny in a crucial court hearing […]
Creditors delay payment to Greece over sluggish reforms
Deutsche Welle — Creditors are refusing for now to pay Greece the next installment of bailout money, saying Athens is implementing agreed reforms too slowly, […]
New deadline for Piraeus Port bids confirmed
Reuters — Greece has pushed back the date to submit binding bids for a majority stake in its biggest port, Piraeus (OLP), to December 3, […]
(Greek) Mission: Impossible
politico.eu — Einstein defined insanity as doing the same thing over and over again, but expecting different results. That’s a trap the European Commission wants […]
Greece’s creditors not satisfied with progress made demand further reforms
euractiv.com — The European institutions and the IMF are increasing their demands on Greece, despite the recent reforms adopted by the Greek parliament. Athens can […]
Greek parliament ratifies privatization of horse racing
Greece approved on Wednesday a law wrapping up the first state asset sale under its current left-wing government, awarding the country’s sole horse-race betting licence […]
After 6 years of austerity, 36% of Greeks in poverty
Zero Hedge– Austerity measures, dramatic cuts in incomes, incredible hikes in taxes. Five and a half years in deep recession. Three bailout agreements. And where […]
Greek ports sales to be delayed by a month – privatisation chief
Reuters — Greece will put off by a month the sale of majority stake in its biggest ports, Piraeus and Thessaloniki, the head of the […]
Russia to pull out of Greek railways bid
Russian Railways (RZD) has proposed to its main shareholder, the Russian state, to pull out of the tender process for Greek railway companies TRAINOSE, according to […]