Economic Affairs

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Tsakalotos attacks handout critics as austerity fans

Finance Minister Euclid Tsakalotos on Monday dismissed officials who have expressed concern over the government's handout policy ahead of the elections - including the head of the European Stability Mechanism, Klaus Regling - as "austerity supporters," although concerns are also being raised by others much closer to home, at the Parliamentary Budget Office (PBO).

Moscovici: Swift reforms for Athens to get 750mn euros in profits on Greek bonds

Greece has not made enough progress in reforms agreed last year to get a 750 million euro ($854.4 million) bonus from the euro zone, but could still complete the changes before the bloc's finance ministers discuss the issue on March 11, the European Commission said on Wednesday

Moscovici's implied warnings to the government

Athens needs to implement the reforms it has committed itself to and act wisely concerning the social policy measures it has planned, according to the message European Commissioner for Economic Affairs Pierre Moscovici conveyed on Wednesday to Athens, practically confirming that Brussels is monitoring the handout talk and the delays in the prior actions required for the second post-program asse

Greek PM to meet Moscovici at Maximos Mansion

Greek Prime Minister Alexis Tsipras will meet with European Commissioner for Economic Affairs Pierre Moscovici at 2.45 p.m. at Maximos Mansion, his office said.

Moscovici is expected to convey to Athens the growing concern in Brussels, as Greece's creditors see no progress in the implementation of the country's post-bailout commitments.

Mitsotakis writes to European competition commissioner on Thanou nomination

Conservative opposition leader Kyriakos Mitsotakis has written a letter to the European Union's Competition Commissioner Margrethe Vestager on the issue of the government's nomination of former Supreme Court chief Vassiliki Thanou for the director's chair of the Hellenic Competition Commission.

Eurozone waves Greek budget through

The eurozone finance ministers have formally approved the Greek budget for 2019, waving it through Monday's Eurogroup meeting.

With the government readying the amendment that cancels the pension cuts for 2019, attention now shifts to the particularly important second European Commission report on Greece in February, as that is directly linked to debt easing measures.