Finance Minister Christos Staikouras sent a letter on Monday asking the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) to approve the repayment of the expensive part of Greece’s loan from the International Monetary Fund before it is due.
The Greek stock market shook off international concerns regarding oil prices and a US-Iran standoff and posted some healthy gains in the second half of the week’s first session, on improved trading volume too.
Greek state bond prices rallied and yields fell sharply in the domestic electronic secondary bond market on Monday after news that the Greek government initiated procedures for an early repayment of the expensive part of its loans to the International Monetary Fund (IMF).
Eldorado Gold Corp is open to discussions on potentially paying higher royalties in Greece as it seeks permits needed to restart work at its stalled Skouries development, chief executive officer George Burns said on Monday.
New restrictions on imports to the European Union next month may further damage the Turkish steel sector, even as it seeks new markets to compensate for losses from US and EU tariffs, Turkey’s Steel Exporters’ Association (CIB) chief said.
Greece's central government achieved a primary budget surplus of 2.9 billion euros in the first eight months of the year, well above its target, thanks to higher revenues, Finance Ministry data showed on Monday.
German Foreign Minister Heiko Maas (r) and Greece’s Nikos Dendias take questions from reporters Monday following talks in Berlin. Maas praised the steps taken by Greek authorities to address the migration problem and urged Ankara to honor an agreement for migrant returns that it signed with the European Union in 2016. Meanwhile, speaking from Nicosia, Greece’s Alternate Minister for Migration Policy Giorgos Koumoutsakos called on the EU’s Mediterranean member-states to grasp the opportunity to convince their bloc partners to help them cope with an increase in migrant arrivals.