International

For a forth time in a row the state budget closed with a surplus exceeding the bailout target

The surprising call for general elections by Theresa May made many, in Athens, to wonder if our Prime Minister would make a similar surprising move. However conditions are totally different. Mrs. May has polls by her side. She enjoys a 15-point lead over Labour and she estimates that she will have a clear win to […]

As the ministry of Economy announced there was a loss of 1 bil. eurosin the budgetary revenue for the first trimester of 2017. The main reason is that the 1.234 mil.euros from the privatization of 14 regional airports have not been collected yet

Greek government’s economic staff is focusing on the annual meeting of World Bank Group and International Monetary Fund. It is expected that Euclede Tsakalotos and George Chouliarakis may succeed a compromise between Europeans and IMF about the Greek dept. If this happens then IMF will be rejoining Greek program. One of the Greek mission’s best […]

The two proposals, one from SYRIZA-ANEL and one from Nea Dimokratia for establishing an investigation committee for health sector are discussed in the Helenic Parliament Plenary Session

Christine Lagarde avoid to make any comment for Greece after the meeting she had with Angela Merkel in Berlin last Monday. However it must be taken for granted that the Greek was discussed between them. Angela Merkel and Christine Lagarde preferred obviously not to give any publicity in a subject that they have a huge […]

Sοuroti Societe Anonyme of Bottling & Trading of Mineral Water passed under the complete control of Ivan Savvidis. Belterra, a company owned by mr. Savvidis took 10,9% of Souroti that Municipality of Thermi auctioned for 1,05 euro per share. The second biggest shareholder is Coca Cola with 18,13% Municipality of Thermi holds a 5%. (Abstract) […]

Two meetings in Berlin, one between Wolfgang Schäuble and Jeroen Dijsselbloem on Thursday and one between Merkel and Lagarde that is scheduled for Monday as well as the telephone discussion that Alexis Tsipras had last Thursday with the Chancellor of Germany are “unlocking” the door of IMF for the review of second Greek program and […]

Eurogroup chairman Jeroen Dijsselbloem announced an agreement over the basic elements of the major reforms after the meeting of Finance Ministers of Eurozone in Valletta, Malta

Greek prime minister noted that “It ‘s time to move on from declarations to action for a strong Europe” and he added that “Europe’s future cannot exist without solidarity. It ‘s impermissible for a member state to push the burdens to another member state”. He also added that “Greece plays a stabilising role despite the […]

According to governmental source, ministers of Finance, minister of Labour and deputy minister of Finance are returning to Athens and negotiations will continue through tele-conference. Same source noted that the discussion is held on the basis of 20th February’s Eurogroup agreement. European Commission confirmed the reaching of convergence between the two parts after the yesterday’s […]

The third wave of 46 corporation and shareholdings in state-owned companies that are intended to be transferred to “Super-Fund” cause severe turbulences to Greek government and SYRIZA. It concerns the obligation from second review and aims to a more effective management of these corporations.

A high-ranking Eurozone official that informed today the press, in Brussels, in view of this Friday’s Eurogroup in Malta, underlined the necessity of closing the review as soon as possible. “Economic and political rationale, behind the necessity for a quick closing of the review, remains the same” he said and clarified that any attempt to […]

From Tsipra’s accusations in 2014 for a sellout and promises for referendum to today’s financial stalemate...

“Government has given everything and still sees no agreement” could depict the result of Poul Thomsen’s hard pressure against Euclidis Tsakalotos for a horizontal cut in main and supplementary pensions starting from 2018. However this demand cannot be easily accepted, as in that case Greek government would be led to the elections of 2019 as […]

According to Reuters a green light for the return of technical stadff in Athens has been given by EWG

This was the warning that Governor of the Bank of Greece, Yannis Stournaras, gave as he spoke at the conference of Parliamentary Budget Office

DEI case turns out to be a major political issue. Government needs to deal with a very difficult compromise, while high level members of SYRIZA, with Skourletis in the lead, react against the selling of DEI coal units. Rania Svigou, SYRIZA spokesman is on the same page as she made the following statement: « We […]

The fall of main economic indicators, the threat of having a new recession at the first semester of 2017 and mainly the prospect of not returning to markets led prime minister Alexis Tsipras to give the order for an immediate closing the negotiation According to information that vima.gr has government gave away almost everything and […]

After trying for several months and failing to change the agenda of the second review, that should have been ended since last December, Greek government is now under an Asphyxiating pressure by the creditors to accept painfull measures. This is the only way for an overall agreement on the financing of the economy after 2018. […]