Eurozone

Funding the economy

One of the scourges of the economic policy adopted by the country's previous administration was the cuts made to the public investments program to make fiscal space for social handouts. On top of its more immediate repercussions, this policy risks leaving a great deal of European funding untapped.

Changes at state property agencies

The government is determined to change the heads of the state property manager, the Hellenic Corporation of Assets and Participations (HCAP), and its subsidiary, the Hellenic Republic Asset Development Fund (TAIPED), charged with attracting foreign investors in the privatization of some of those property assets, over their handling of the privatizations and the dismal financial situation at ele

Greece lags behind in e-payments

Greece is in second-to-last place among the 19 eurozone countries and 24th among all 28 European Union member-states in electronic payments per inhabitant, including payments with credit and debit cards and online transfers of money and e-payments of bills, according to European Central Bank data for 2018.

Greece, EU to talk about bad loans

Talks between the government and the European Commission's Directorate-General for Competition about banks' bad loans will begin next week.
The Greek proposal involves creating an asset protection vehicle where 16 billion euros' worth of bad loans will be transferred and guaranteed by the state.

Pages