Second Economic Adjustment Programme for Greece
‘Operation mend fences’ around Europe by Greek govt on Mon. (Watch videos)
Last week’s defiant words from the leftist SYRIZA government gave way to a more diplomatic mood on Monday, as Greek leadership tried to “mend fences” with European partners.
The developments came as G7 host Angela Merkel warned that time was running out to free-up cash left over in a second bailout package and avoid any risk of a Greek default.
Leaked: Read Greece’s 7-page plan for “Ending the Greek Crisis”
The Financial Times leaked Greece’s new debt restructuring plan, stating that the new agreement to complain its 172-billion-euro bailout program that was presented to Prime Minister Alexis Tsipras on Wednesday night contained no promise of debt relief.
Top minister: Previous govt pledges to creditors ‘less painful’ than current conditions
A top minister on Thursday admitted that the infamous email sent by the previous government’s FinMin was “less painful” than the conditions presented this week by creditors.
Sources: Details emerge on pending deal between Athens, institutional creditors
An increasingly cash-strapped and pressured Greek government on Wednesday hinted at the commencement of procedures for a “Staff Level Agreement” at a same-day Brussels Group session — a development that would signal the final stretch towards a deal with institutional creditors.
Quarantine for Greek bank subsidiaries in neighboring countries
By Yiannis Papadoyiannis
Neighboring countries have effectively quarantined Greece in a bid to minimize the consequences on their credit systems in case of a Greek ?accident.?
Big week for Greece as cash runs out and election scenario looms
Greece faces another critical week with looming debt repayment obligations and the resumption of tough talks on a proposed list of reforms with the country?s international creditors amid renewed speculation about the possibility of a Greek default or an early general election.
Bank recap cash can't be used for other purposes
- Read more about Bank recap cash can't be used for other purposes
- Log in to post comments
Greece to ask EFSF for return of 1.2 bln
Amount concerns bank bailout capital already used by the local fund and returned in the form of bonds
By Sotiris Nikas
The government is preparing to submit a request to the European Financial Stability Facility (EFSF) for the return of 1.2 billion euros.
- Read more about Greece to ask EFSF for return of 1.2 bln
- Log in to post comments
Eurogroup: Read the joint text FinMins signed on Greece
Greek bonds miss out on ECB rally before finance ministers meet
By Eshe Nelson
Greece?s government bonds fell, excluded from gains made by its euro-area peers, amid investor concern a provisional agreement to extend aid to the country may not hold.