Bloomberg: Greece’s economy surged as Tsipras fought with EU over aid deal –
Greece’s economy grew more than initially estimated in the second quarter as consumption surged during Prime Minister Alexis Tsipras’s battle with the euro area over […]
ECONOMY
To the victor belong the spoils
Under the terms of the new bailout accord, which provides 86 billion euros of new debt to a government already vastly overindebted, the country must […]
Moving the goalposts — Fraport now asks for better terms to run regional airports
Fraport claims it has difficulty raising investment funding due to the high risk involved. Therefore, raising the agreed 1.23 billion euros before the end of 2015 […]
European parliaments approve Greek deal – Germany decides today
What’s not to approve? The money will go straight back to paying debts to the the ECB, the European Support Mechanism and the IMF The […]
Greek deposits become eligible for bail-in on 1 January 2016
(Zero Hedge) — Earlier this week, tucked away from the public’s eyes, there was another round of drama involving Greek securities this time focused on […]
This latest Greek deal is nothing to celebrate
Bloomberg View — At the end of last week, amid much smiling and hand-shaking, European finance ministers said they were ready to give Greece a […]
Merkel: IMF expected to take part in Greek bailout, denies she wants ‘a German Europe’
Reuters — German Chancellor Angela Merkel tried to reassure sceptical lawmakers on Sunday that the International Monetary Fund would take part in a new bailout […]
Which EU parliaments still need to vote on bailout for Greece?
Via Politico — Even if, as now seems likely, the Greek parliament and Eurogroup give the green light, a number of national parliaments must also […]
Bild : Greek bailout package is insufficient
Reuters — Germany’s government believes an agreement between Greece and its international lenders on a third bailout package is insufficient, Bild daily reported on Wednesday, […]
Memorandum of understanding: what exactly has Greece signed up for?
The Guardian — New details have emerged of the extraordinarily detailed new memorandum of understanding struck between Greece and its creditors in exchange for an […]
Germany Says It Can’t Back Greek Bailout Plan Yet
Bloomberg — Germany’s government withheld approval of the draft bailout plan for Greece, saying a bridge loan remains an option if a full aid program […]
Merkel’s has reservations – prefers bridge loan
ANA – MPA — German Chancellor Angela Merkel expressed to Prime Minister Alexis Tsipras her reservations about an agreement on a new program on Tuesday, […]
The Guardian view on the Greek bailout: a deal that addresses nothing
The technocrats sat up all night haggling at the Athens Hilton, crossing their t’s and dotting their decimal points. The Greek party emerged in the […]
Greece reaches deal with creditors but sense of accomplishment not shared by all
With the bail out deal agreed, prime minister Tsipras has called for an emergency session of parliament to vote on the new bailout deal on […]
Berlin urges Greece Greece to put ‘quality before speed’ in bailout negotiations
The Guardian — Germany has urged Greece and its creditors to put quality before speed as negotiators in Athens strive to finalise a bailout worth […]