News archive of December 2018

Unfavorable climate in the EU

Government officials are very pleased because they no longer feel the tight grip of the fiscal straitjacket imposed on them by Greece's creditors. They can comfortably spend, appoint civil servants and revoke painful reforms. They are fully focused on the next general elections.

No room for mistakes

In 2015 frustration spurred Greeks to vote for a party that vowed to turn things upside down with a supposedly heroic renegotiation of the bailout agreements with the country's foreign lenders and partners. But SYRIZA repeated all the bad habits that led Greece to default: nepotism, corruption, misguided handouts, mass hirings, interference in institutions and reliance on party acolytes.

PAOK is winter champion as Reds draw at Xanthi

PAOK came from behind to beat Larissa and extend its lead at the top of the Super League to seven points on Sunday, thanks to the draw Olympiakos conceded at Xanthi that has seen Atromitos leapfrog the Reds into second.

The results mean PAOK is the winter champion, two rounds of games before the halfway point of the league.

Foreign firms niche in on Greek property

An international network promoting Greek apartments and holiday homes in select countries has started developing over the last few months, as a result of the growing demand by foreign investors for properties in Greece.

Qatar eager to grow business ties with Greece

Qatar is planning an economic and diplomatic overture to Greece as part of its new extrovert policy following its economic isolation by other states in the Gulf region.

Yet another plan for debt repayment

The new debt repayment mechanism that the government is negotiating with its creditors provides for haircuts on debts to the tax authorities and social security funds and the payment of what remains in up to 120 installments.

Agenda

MONDAY

Capital Link holds its 20th Annual Invest in Greece Forum at the Metropolitan Club of New York from 7.55 a.m. to 6.20 p.m. ET. (Info: forums.capitallink.com)

Attica hospital doctors and employees hold a four-hour work stoppage from 11 a.m. to 3 p.m. and a rally outside the Health Ministry at 11.30 a.m.

Tsakalotos: scandal-mongering hurts the economy; no to snap polls

In an interview with Kathimerini, Finance Minister Euclid Tsakalotos insisted that general elections should be held next September as scheduled, and not before, to allow government reforms to be completed and has warned that scandal-mongering could undermine the economy.

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