Greece will exit program successfully in August 2018, Deutsche Bank report says

Greeceā€™s economic prospects for 2018 are positive, and the country is expected to complete the successful exit from the fiscal program in August 2018, a Deutsche Bank report said on Monday. In a report titled “Greece in 2018: Finally [...]

ESM’s Nicola Giammaroli: Greece must fulfil its primary surplus commitments

Greece is on a positive curve which will improve further if the third program review is completed shortly, according to Nicola Giammaroli, head of strategy and institutional relations at the European Stability Mechanism (ESM), who addressed [...]

PM Alexis Tsipras to Capital Link forum: Greece invites foreign investments

Greece will have exited the bailout program in the summer of 2018, Prime Minister Alexis Tsipras said in a videotaped message to the 19th Annual Capital Link Invest in Greece Forum in New York on Monday. Tsipras said that Greece is in a comeback [...]

Debate on 2018 draft budget to begin on Monday; final vote on Dec. 19

The debate on the draft state budget for 2018 is scheduled to begin in Parliament on Monday. The discussion will continue for two sessions on Tuesday and Wednesday and will then be adjourned on Wednesday night, resuming the following Monday, [...]

Lagarde: Greece’s debt needs restructuring to make it sustainable

A restructuring of Greece’s debt is essential so that the future of the Greek economy can be sustainable, International Monetary Fund (IMF) Managing Director Christine Lagarde said in a statement to the Italian newspaper “Il Sole [...]

Gov’t sources: Greece calls on Turkey to start a new chapter in Greek-Turkish relations

During a time of crisis between the European Union and Turkey and in view of disturbing developments in the East Mediterranean that threaten the region’s stability, Greece proposed to Turkey to initiate a new chapter in Greek-Turkish relations, [...]

Tsipras urges Turkey to end airspace violations in presser with Erdogan (upd)

The Lausanne Treaty is the cornerstone of Greek-Turkish relations, Greek Prime Minister Alexis Tsipras said during joint statements with Turkish President Recep Tayyip Erdogan on Thursday, after their meeting at the Maximos Mansion in Athens. Tsipras [...]

Dijsselbloem: The aim of the 1st memorandum was to rescue investors outside Greece

The main aim of the first Greek memorandum, especially, was to rescue investors outside Greece, outgoing Eurogroup chief Jeroen Dijsselbloem admitted in the Europarliament on Thursday. “There were mistakes in the first programmes, we improvised. [...]

European Union finance ministers publish ‘black list’ of tax havens

European Union finance ministers approved on Tuesday a list of 17 countries which are considered non-cooperative in taxation matters during a meeting in Brussels. The countries are American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, [...]

FinMin Tsaklotos: Dijsselbloem a tough but sincere mediator

Jeroen Dijsselbloem was “tough but always sought a compromise,” Greek Finance Minister Euclid Tsakalotos told Dutch daily De Volkskrant when asked to comment working with outgoing Eurogroup head. Dijsselbloem, who will be replaced [...]