Economy of Europe
The ECB's assessment of six major banks working in the country has to show whether they can resist external as well as internal risks. Stress tests are already running and are due to the demand for Bulgaria to enter the Eurozone waiting room (ERM II mechanism) and the Banking Union, the 24-hour newspaper writes.
The Eurogroup has postponed the "battle of forecasts" on the Greek budget until after the European elections. On June 5, the report of the European Commission on the third post-bailout assessment will reflect its own estimate of the Greek primary surplus (and the recent voting of measures for 2019). However, the big battle will take place this fall.
Eurogroup finance ministers and Bank of Greece Governor Yannis Stournaras may be ringing the alarm bell regarding the fiscal consequences of a barrage of handouts that the government is announcing, but it appears that the PM's office has decided to press forward anyway in order to change the negative political climate.
The first four railcars to be used in the new Thessaloniki metro system arrived in Greece's northern port city on Wednesday.
The railcars were transported by truck from Hitachi Rail Italy's manufacturing plant in Reggio Calabria, southern Italy.
They will be assembled and positioned on the tracks, before being unveiled on Thursday.