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.

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.

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.

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