All News on Economics in Greece

Eurobank unveils analysis on why Greece remains in memoranda programmes

 

The reasons why the Greek crisis was so profound and long-lasting, and why Greece was currently the only country that had yet to emerge from memoranda programmes, were the focus of a Eurobank analysis unveiled on Wednesday. According to the study’s authors, the country’s ability to service its debts could not alone explain the protracted loss of confidence in its prospects.

Any market foray should be first step to full return, gov't says

Greece wants to disengage its reliance from official creditors by the time its bailout program expires, its government spokesman said on Thursday, as speculation grew that the country's first debt market foray in three years was imminent.

Government 'jumped under the bar,' Greek opposition says

New Democracy opposition reacted to the 8.5 billion euro bailout deal agreed between Greece and creditors on Thursday saying that the left-led government had "jumped under the bar."

"The government won no substantial improvement compared to the deal it turned down three weeks ago," the conservative party said in a statement.

Crucial EuroWorking Group underway in Brussels on Greek matter

The outcome of the crucial EuroWorking Group in currently underway in Brussels will most likely determine whether a staff level agreement is possible between Greece and its creditors in order for talks to resume in Athens. Sources say the meeting restarted after a break under the highest degree of discreteness.

Bavarian finance minister sees Grexit likely

Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a possibility, a senior member of the Bavarian sister party of Chancellor Angela Merkel's conservatives said.

Greece has lost a quarter of its national output since it first sought financial aid in 2010.

Greece won't last in eurozone in long-run, says Bavarian FinMin

Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a possibility, a senior member of the Bavarian sister party of Chancellor Angela Merkel's conservatives said.

Greek economy flat last year, stats service says

Greek economic growth was flat last year, the country's statistics service ELSTAT said on Wednesday, releasing its first estimate of full-year 2016 gross domestic product.

It said gross domestic product in volume terms and measured at constant prices was 184.5 billion euros last year, unchanged from 2015.

Greece requests loan from World Bank, Politico reports

Greece has requested an unknown amount of "financial assistance" from the World Bank even as bailout talks continue amid government officials and representatives of the country's international creditors, according to a report in Politico.

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