IMF to announce Greece needs further debt-relief measures
New Europe — The Executive Council of the International Monetary Fund (IMF) will decide on Thursday, July 20, whether or not the Greek debt is […]
ECONOMY
Greek Jan-June govt budget surplus beats target
Reuters – Greece’s central government attained a primary budget surplus of 1.93 billion euros in the first half of the year, beating its target by […]
Last-minute amendment slaps 2% surcharge on sale of tablets in Greece
Naftemporiki — The Greek government unveiled and ratified a last-minute amendment on Thursday evening in Parliament that’s bound to irk the country’s “tech savvy” population, […]
Juncker: Greece in “very good” state now
Xinua — European Commission President Jean-Claude Juncker said on Thursday that Greece is in a “very good” state now and that is the reason why the Commission […]
EU recommends end of “excessive deficit procedure” for Greece
BBC — Special oversight of Greek government spending should be lifted, the European Commission has recommended. The EU imposed disciplinary measures against Greece when its […]
Germany made more than €1 billion from helping out Greece
TheLocal.de — The Süddeutsche Zeitung (SZ) reported on Tuesday that according to German Finance Ministry reports shared with the Green Party, Germany made €1.34 billion from various […]
Lawyers fees to be paid electronically – Bar association objections overruled
Naftemporiki — No exceptions are foreseen in a law mandating the obligatory installation of electronic transaction terminals (POS) by businesses and self-employed professionals by a […]
Greece expected to get OK Friday for payment delayed by legal row
AFP –Eurozone finance ministers delayed the latest bailout disbursement to Greece on Wednesday awaiting clarification on a legal case against European experts who had worked […]
Greece drops case against privatisation officials, paving way for bailout funds
Reuters — Greece dropped charges of breach of duty against three former privatisation officials on Thursday, court sources said, paving the way for the disbursement […]
Draghi signals Greek debt measures not enough for QE inclusion
Bloomberg — European Central Bank President Mario Draghi effectively put an end to a debate about the inclusion of Greek bonds in the ECB’s asset-purchase […]
Greek debt: IMF and EU’s quick fix isn’t enough
The Guardian — The International Monetary Fund has resurrected an old technique – commonly used in the 1980s during the Latin American debt crisis – […]
Bloomberg : IMF ‘partner in a project that, by its own analysis, is bound to fail’
Bloomberg — The deal struck last week between Greece and its euro-zone creditors is business as usual — and that’s not a good thing. This […]
China’s State Grid seals Greek power deal
Shanghai Daily — State Grid Corp of China, the China’s biggest utility, said yesterday that it had completed purchase of a 24 percent stake in […]
Brussels warns on Greek debt sustainability
eKathimerini — The European Commission expresses serious concern over the sustainability of the Greek debt in an analysis attached to its report on the completion […]
IMF takes ‘unusual’ steps for Greece
channelnewsasia.com — By promising on Thursday (Jun 15) to approve a new aid plan for Greece, but without releasing any money, the IMF has again […]