Financial crises
‘Bombshell’ Wikileaks revelations on Greek crisis! Greek government emergency meeting!
WikiLeaks said it had obtained details of a discussion last month between the top two IMF officials in charge of managing the Greek debt crisis – Paul Thomsen, the head of the IMF’s European department, and Delia Velculescu, the IMF mission chief for Greece.
New measures required to reach an agreement with Greece’s lenders
The new round of negotiation between the Greek government and the representatives of the institutions will start in ten days from now with the worst possible omens.
Katselli rules out deposits haircut and banks recapitalization
President of Hellenic Bank Association and National Bank Luca Katselli ruled out the possibility of a deposits haircut and a new banks recapitalization.
“Greek systemic banks just came out from a successful recapitalization process … and offer a very strong capital base,” she reassured on Sunday in an interview with Kathimerini newspaper.
Emerging markets gain after Fed trims outlook
Emerging equities scored their biggest gains in seven weeks and currencies rallied on March 17 after a dovish U.S. Federal Reserve message, with even South African markets shrugging off local political tensions.
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Greek tourism growth hinges on bailout review, refugee crisis: Association
Greek tourism revenues are seen rising again in 2016 but revenue growth hinges on a swift conclusion of the country's bailout review and an efficient handling of refugee flows, the country's main tourism association said on March 9.
Institutions suggest gov’t spending cuts instead of tax hikes
A new analysis report conducted by the European Central Bank shows that at this phase the Greek government must proceed to government spending cuts and not to impose new tax and contribution hikes, as the government proposes.
Greece Could Change Pension Reform Plans amid Protests
Greece's government is set to backtrack on some ideas in its proposed pension reform following negotiations with international lenders, daily Kathimerini writes.
Athens is prepared to lower a planned rise of social security contributions to 1.0 percent, down from 1.5 percentage points initially proposed, due to "objections" coming from creditors.
EU Commission: Gov’t has agreed on new measures for 2016-2017
The European Commission calls Greece to accelerate the implementation of the reforms agreed in the framework of the ESM program noting that this the only way to achieve the recovery of economy.
EU also asks for additional fiscal measures for 2016 and 2017 in order Greek government to achieve the objectives set for the primary surplus.
Russia's ruble hits all-time low against the dollar
The ruble hit a historic low on Jan. 20 as the dollar climbed past the 80.1 rubles level for the first time, exceeding the levels seen during the shock plunge of the Russian currency in December 2014.
Greece, Germany step up fight against tax evasion
Greek and German authorities agreed Jan. 16 to step up their cooperation on tax evasion, with information supplied by Germany already being used to probe thousands of Greeks suspected of stashing money in Swiss accounts.
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