“Greece had a growth rate of 1.5 percent in 2017, and in the first quarter of 2018 it was 2.3 percent, about six times the average in the EU,” the PM said, asserting that Greek bonds are breaking one record after another, and are now at the level of 2006, before the crisis started.
UBS sees room for a rise in bond prices (a drop in the yield), as there are 40bn euros worth of bonds on the market – about 11 percent of the Greek debt – and limited new issues are expected, which already offer increased legal protection.
The pension cuts as of 1 January 2019 that were passed into law in the framework of the fourth bailout evaluation, are meant to ensure fiscal stability in light of the exit from the memorandums.
Almost 17,000 women, men, and children like Issa are trapped in chaotic and dangerous conditions, with many unable to get basic services.
Centeno rejected the argument that super-high primary surpluses will impede growth, and he dismisses the argument that Greek 10-year bonds have by far the greatest yield in the eurogroup.
Over the last three years, Greece has taken steady and decisive steps in implementing the reforms of the three bailout memorandums, which address problems in attracting direct foreign investment, but there is significant room for improvement and much to be done.
New Democracy sources said that Moscovici, “adopted in an impermissible manner the government narrative of a clean exit, whereas Tsipras and Kammenos have bound the country with new, onerous measures over the coming years, and without funding.”
Kammenos became known as a preacher of the ant-memorandum struggle and ended up as a servant of the memorandum.
Mitsotakis said that the markets and European investors do not trust Tsipras, and that his aim is to regain that trust and credibility, before renegotiating the country’s fiscal targets.
“In this programme, our request is that one take into account the fact that many of the sacrifices of the Greek people in order to remain in the EU and the eurozone, were not due to Greece’s own fault,” Pavlopoulos said
Kammenos said that if the agreement reaches parliament, he will withdraw his support from the government, and then visit the President of the Republic and demand elections. Kammenos is the junior partner in the ruling coalition.
Greece is exiting a major economic crisis, and it is imperative that it act now, before major events develop.The country must bolster as much as possible the dynamic of growth, create separate development zones, and undertake initiatives that are out of the box.
Alexis Tsipras said he was satisfied with the result of marathon negotiations between leaders. It is clear that Athens is aligned with Berlin on a series of issues, and migration is one of them.
In the first five months of 2018, Fraport announced an 11 percent increase in the number of passengers. The performance was so good that Fraport is already interested in another 23 Greek regional airports, which are managed currently by the state.
The Bank of Greece sees the EU debt relief package as having a strong impact on a smooth return to the markets and on reform efforts.
The fear of new MP defections (there was one last week) from Kammenos’ Independent Greeks and it decimation in the polls due to the FYROM accord, has troubled the PM’s office.
The void in the Centre is plainly apparent at this juncture, when the most extreme expressions of the two sides are prevailing – on national, economic and social issues.
The special VAT discount that had been granted to the islands, due to their role in managing the migration crisis, was due to expire on 1 July, by agreement with Greece’s creditors.
Regarding the Eurogroup debt relief package, 49 percent were negative about the agreement, and 37 percent viewed it positively.
New Democracy’s parliamentary representative, Nikos Dendias, launched an attack against the government over the FYROM accord and its handling of the anarchist group Rouvikonas.