Tagged: agreement

Bailout review needs a debt agreement, eurozone official says

The second bailout review is unlikely to conclude without an agreement on a Greek debt settlement that would satisfy the International Monetary Fund, a senior eurozone official said on Friday. However, he added that, despite the expected difficulties, he was optimistic that a deal could be reached within 2016. “I am convinced it is possible […]

Agreement reached on out-of-court settlement for business debts

The Greek government and institutions have reportedly reached an agreement ‘in principle’ for the creation of a legislative framework for the out-of-court settlement of debts accumulated by businesses and self-employed, in a meeting carried out on Sunday. According to the reports, the Ministers of Finance Euclid Tsakalotos and Economy Giorgos Stathakis presented the main points […]

EZ source: Pending agreement depends on Greek govt

Eurozone sources in Brussels on Friday evening underlined the need for a “comprehensive package of measures and reforms” within the next few days by the Greek government, in order to achieve a now delayed first review of the Greek program. According to reports, the source said decisions are now in the hands of the Greek […]

Creditors and gov’t aim to seal agreement by Easter but obstacles remain

Although the Finance Ministry insisted Friday that the draft of the agreement with the country’s creditors will be ready by Tuesday and signed by Easter, the result of Thursday’s Euro Working Group (EWG) suggested that there are still many obstacles to overcome, including pensions, the framework for the sale of nonperforming loans and the measures […]

Greece, Cyprus, Israel agreement of huge economic and geopolitical importance, say government sources

The tripartite Greece – Cyprus – Israel agreement is considered of special economic and geopolitical importance by government sources. This agreement, which is the result of increasingly frequent contacts last year, is the second, after the tripartite agreement of Greece, Cyprus and Egypt. Government sources said that beneficial partnerships and new development conditions are formed […]

Agreement reached on measures

A new multi-bill is due to be submitted to Parliament on Saturday after the government and Greece’s lenders reached an agreement last night on the details of the 13 prior actions that will be included in the legislation and unlock the next loan tranche from the third bailout. Finance Minister Euclid Tsakalotos informed journalists that […]

Greek government creditors reach agreement “on all 48 prior actions”

The Greek government reached an agreement with its creditors early on Tuesday morning, opening the way towards the disbursement of a 2-billion-euro subtranche and a 10-billion-euro recapitalisation of banks, following lengthy negotiations over a series of days. “We have reached agreement on everything, including the 48 prior actions,” Finance Minister Euclid Tsakalotos said at the […]

Intracom Telecom signs contract in Poland

Intracom Telecom on Monday announced the signing of an agreement with Xentia, for the supply of wireless solutions and broadband networks for monitoring systems of the Warsaw Metropolitan police in Poland. Xentia has already won similar tenders in Warsaw, Poznan, Krakow, Stetin and Rezovia and will install Intracom Telecom’s advance platform uniMS. The project are […]

G. Stathakis: An agreement with the institutions can be reached

Economy Minister Giorgos Stathakis said on Wednesday he believes that an agreement will be reached with the institutions by Saturday, adding this would have a positive impact on the recapitalization of Greece’s lenders. Stathakis was speaking after a five-hour meeting with representatives of the institutions at a hotel in central Athens, in which Finance Minister […]

P. Kouroublis: There is scope for agreement with the creditors on bad loans

There is scope for agreement with the creditors on bad loans, Interior and Administration Reconstruction Minister Panagiotis Kouroublis said in statements to ANT1 TV on Wednesday. Kouroublis underlined that the government will protect the first residence from foreclosures and added that taxes should be imposed on internet betting. The minister also confirmed that social benefits […]

Dombrovskis partnership agreement with Greece

The European Commission and Greece published a partnership agreement for technical cooperation to support the Greek reform process. The Commission will provide targeted technical support and expertise, through its Structural Reform Support Service, in areas such as combatting tax evasion and corruption, modernising the welfare system and creating a better business environment. Speaking in Athens, […]