Category: FINANCE

SZ: Schaeuble eyeing ‘European Monetary Fund’ for over-indebted EZ members; default clause included
FINANCE
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FINANCE
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SZ: Schaeuble eyeing ‘European Monetary Fund’ for over-indebted EZ members; default clause included

Panos - Apr 25, 2017

Suddeutsche Zeitung on Sunday reported that powerful German Finance Minister Wolfgang Schaeuble is promoting the creation of a “European Monetary…

Tax “tsunami” drowns Greeks
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FINANCE
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Tax “tsunami” drowns Greeks

Panos - Apr 25, 2017

A large number of Greek taxpayers and households are unable to pay their taxes, as hyper taxation has generated 2.6…

Greek bond yields tumbled on Monday
FINANCE
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FINANCE
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Greek bond yields tumbled on Monday

Panos - Apr 25, 2017

Greek 10-year government bond yields fell sharply on Monday to a four-month low of 6.54 percent. This was on news…

Ivan Savvidis buys Thessaloniki port
FINANCE
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FINANCE
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Ivan Savvidis buys Thessaloniki port

makis - Apr 24, 2017

Deutsche Invest Equity Partners (DIEP), an investment group Ivan Savvidis, the owner of football club PAOK Thessaloniki, is a part…

Greek public debt at 314.89 bln€ at end of 2016
FINANCE
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FINANCE
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Greek public debt at 314.89 bln€ at end of 2016

Panos - Apr 24, 2017

Greece's public debt reached 314.89 billion euros in 2016, rising from 311.66 billion euros at the end of 2015, Greece's…

Institutions due to return for conclusion of review
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FINANCE
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Institutions due to return for conclusion of review

Panos - Apr 24, 2017

Officials representing Greece’s lenders are due back in Athens on Monday with the aim of completing the program review and…

Thomsen: Greece, institutions are close to a staff-level agreement
FINANCE
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FINANCE
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Thomsen: Greece, institutions are close to a staff-level agreement

ilias1 - Apr 23, 2017

The Director of the International Monetary Fund's European Department, Poul Thomsen, expressed optimism on Friday that Greece and its lenders…

Greek wineries head to London on April 25 for wine tasting event
FINANCE
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FINANCE
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Greek wineries head to London on April 25 for wine tasting event

ilias1 - Apr 22, 2017

More than 70 Greek wineries will travel to London next week for a special wine tasting event for sector representatives…

Initial estimates show Greek budget primary surplus for 2016 at 3.9% of GDP
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FINANCE
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Initial estimates show Greek budget primary surplus for 2016 at 3.9% of GDP

ilias1 - Apr 22, 2017

Preliminary estimates by Greece's independent statistical authority (EL.STAT) on Friday showed a primary budget surplus for 2016 reaching 3.9 percent…

Primary surplus chokes market
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FINANCE
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Primary surplus chokes market

makis - Apr 21, 2017

The state’s fiscal performance last year has exceeded even the most ambitious targets, as the primary budget surplus as defined…

IMF admits to misjudging economic performance
FINANCE
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FINANCE
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IMF admits to misjudging economic performance

makis - Apr 21, 2017

As the government hailed official figures putting last year’s budget surplus eight times the size of the target set by…

Regling: Greece may return to the markets before end of bailout program
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FINANCE
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Regling: Greece may return to the markets before end of bailout program

Panos - Apr 21, 2017

Greece’s fiscal consolidation has been positive and strong and the country could return to the markets before the end of…

Primary surplus of 2016 to be eight times higher than planned
FINANCE
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FINANCE
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Primary surplus of 2016 to be eight times higher than planned

Panos - Apr 21, 2017

Last year’s primary surplus ranged between 3.8 and 4.1 percent of gross domestic product, Finance Ministry sources said ahead of…

Tsipras calls on creditors to stop punishing Greece
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FINANCE
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Tsipras calls on creditors to stop punishing Greece

Panos - Apr 21, 2017

In an opinion article published in the Wall Street Journal, Greek PM Alexis Tsipras called on the country’s creditors to…

Record arrivals in Athens in 1st 3-month period
FINANCE
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FINANCE
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Record arrivals in Athens in 1st 3-month period

Panos - Apr 21, 2017

The percentage of arrivals in Athens rose by 14% in the first 3-month period, according to data presented in a…

EFKA revenues down 180 mln euros
FINANCE
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FINANCE
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EFKA revenues down 180 mln euros

makis - Apr 20, 2017

Provisional data from the General Secretariat for Social Security show that February’s payments to the Single Social Security Entity (EFKA)…

Commission also set to lower Greek GDP growth forecast for 2017
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FINANCE
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Commission also set to lower Greek GDP growth forecast for 2017

Panos - Apr 20, 2017

A “milder growth” rate for Greece in 2017 was the way a European Commission spokeswoman put it on Wednesday in…

Early Easter helped jobless numbers ease
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FINANCE
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Early Easter helped jobless numbers ease

Panos - Apr 20, 2017

Manpower Organization (OAED) figures published on Wednesday showed a reduction in the number of registered unemployed in March by 2.51…

IMF: Greek primary budget surplus 3.3% for 2016 – trio of ministers told to keep ‘low profile’ at D.C. meetings
FINANCE
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FINANCE
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IMF: Greek primary budget surplus 3.3% for 2016 – trio of ministers told to keep ‘low profile’ at D.C. meetings

Panos - Apr 20, 2017

The IMF on Wednesday again touched on Greek program and the country's fragile economy, saying it foresees that a primary…

Inflation at 1.5% in Eurozone. Greece has 1.7%
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FINANCE
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Inflation at 1.5% in Eurozone. Greece has 1.7%

makis - Apr 19, 2017

Inflation in Greece rose to 1.7% for the month of March, compared to 1.4% in February and -0.7% over the…