Category: FINANCE

IMF spox reiterates Fund’s stance on Greek bailout: ‘Need to see debt sustainability’
FINANCE
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FINANCE
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IMF spox reiterates Fund’s stance on Greek bailout: ‘Need to see debt sustainability’

Panos - May 26, 2017

IMF spokesman Gerry Rice on Thursday repeated that the Fund needs "specificity" in terms of Greek debt sustainability in order…

Schaeuble: The rules of the game cannot change
FINANCE
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FINANCE
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Schaeuble: The rules of the game cannot change

makis - May 25, 2017

According to the transcripts from the recent Eurogroup that the website euro2day.gr reveals, Wolfgang Schaeuble said during the meeting: “Let…

OECD: Improving education and training will boost growth and productivity in Greece
FINANCE
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FINANCE
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OECD: Improving education and training will boost growth and productivity in Greece

Panos - May 25, 2017

Greece should prioritise investment in education and training and improve the quality of teaching and educational leadership in order to…

Big stock investors establish Greek foothold in patient bet
FINANCE
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FINANCE
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Big stock investors establish Greek foothold in patient bet

Panos - May 25, 2017

Big money managers have started buying cheap Greek stocks from banks to lotteries as clouds over talks between Athens and…

German Foreign Ministry against Schuable: He is implementing economic voodoo on Greek program
FINANCE
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FINANCE
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German Foreign Ministry against Schuable: He is implementing economic voodoo on Greek program

Panos - May 25, 2017

The German Foreign Affairs spokesperson, Martin Seffer implied that a difference of opinion between his boss, Foreign Minister Sigmar Gabriel…

Poll: Germans divided on Greek debt reduction
FINANCE
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FINANCE
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Poll: Germans divided on Greek debt reduction

makis - May 24, 2017

German citizens appear divided on whether Greece should receive any debt relief, according to a poll published in newspaper ‘Die…

Greece To Bolster Cruise Capabilities
FINANCE
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FINANCE
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Greece To Bolster Cruise Capabilities

Panos - May 24, 2017

The Greek government has signaled its intentions to adopt a public private partnership model drive in order to improve critical…

Handelsblatt leaks compromise between IMF and Berlin over Greece
FINANCE
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FINANCE
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Handelsblatt leaks compromise between IMF and Berlin over Greece

Panos - May 24, 2017

The German Handelsblatt economic daily claims Berlin and Washington have come to an understanding over the German programme. The deal…

A crisis within a crisis: Refugees in Lesbos
FINANCE
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FINANCE
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A crisis within a crisis: Refugees in Lesbos

Panos - May 24, 2017

Lesbos, Upstairs in the Blue Star hotel, Iman* cooks a large pasta dish and makes tea; a luxury after going…

Tourism created 19,000 more jobs during 8-year crisis in Greece
FINANCE
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FINANCE
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Tourism created 19,000 more jobs during 8-year crisis in Greece

Panos - May 24, 2017

Tourism is the only industry in the Greek economy that increased employment by 5.9% over the period between 2008-2016, according…

PPC shareholders OK sale of 25% stake in grid operator; precursor to latter’s privatization
FINANCE
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FINANCE
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PPC shareholders OK sale of 25% stake in grid operator; precursor to latter’s privatization

Panos - May 24, 2017

A general assembly of Public Power Corp. (PPC) shareholders this week approved the sale of a 25-percent stake of the…

Short-term debt relief already paying off for Greece
FINANCE
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FINANCE
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Short-term debt relief already paying off for Greece

Panos - May 24, 2017

Short-term debt relief measures implemented last January by the European Stability Mechanism (ESM) have already generated beneficial effects for Greece's…

Schaeuble expresses optimism over Greek bailout deal in June
FINANCE
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FINANCE
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Schaeuble expresses optimism over Greek bailout deal in June

Panos - May 24, 2017

Powerful German FinMin Wolfgang Schaeuble on Tuesday appeared uncharacteristically optimistic over the prospects of a conclusive agreement for the Greek…

Thomsen: Debt relief after 2018
FINANCE
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FINANCE
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Thomsen: Debt relief after 2018

makis - May 23, 2017

Poul Thomsen, the IMF’s Director of the European Department towed the line of German Finance Minister Wolfgang Schauble after the…

IMF agrees on Greece’s progress, looks for “more specificity” on assumptions and debt measures
FINANCE
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FINANCE
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IMF agrees on Greece’s progress, looks for “more specificity” on assumptions and debt measures

Panos - May 23, 2017

Acknowledging the progress on the second review of the third bailout program, the Director of the IMF’s European Department Poul…

Russian PM: Turkish Stream will enter EU via Bulgaria or Greece
FINANCE
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FINANCE
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Russian PM: Turkish Stream will enter EU via Bulgaria or Greece

Panos - May 23, 2017

Russia is in negotiations with Greece and Bulgaria regarding the entry point on EU territory of the Turkish Stream gas…

Bloomberg: Hedge Fund Basks in World-Beating Surge for Greece’s Markets
FINANCE
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FINANCE
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Bloomberg: Hedge Fund Basks in World-Beating Surge for Greece’s Markets

Panos - May 23, 2017

The odyssey of Greece and its economic crisis has taken a positive turn in recent months, and hedge funds are…

Reuters: French finance minister sees overall deal on Greece in June
FINANCE
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FINANCE
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Reuters: French finance minister sees overall deal on Greece in June

Panos - May 23, 2017

May 23 France is confident that Greece and its international lenders can reach a deal on additional measures of debt…

Russian-Greek investor Savvidis buys 20% stake of nationwide TV channel
FINANCE
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FINANCE
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Russian-Greek investor Savvidis buys 20% stake of nationwide TV channel

Panos - May 23, 2017

Russian-Greek investor Ivan Savvidis has purchased 19.63 percent of the shares in the troubled Athens-based Teletypos, the owner of the…

Eurogroup: No agreement on debt or the evaluation!
FINANCE
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FINANCE
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Eurogroup: No agreement on debt or the evaluation!

Panos - May 23, 2017

The Eurogroup, after many hours of negotiations has ended. There is no agreement regarding the debt issue, which will however…