There are three key elements to achieving a successful exit: Completing the 88 prior actions, agreeing a debt relief package and settling on the post-program framework. Each has its own difficulties.


26.02.2018 / 15:38

Greece will find itself in the rather odd position on Monday of still trying to complete its third review but also launching the fourth inspection by the institutions.

11.02.2018 / 21:16

The last few days have provided a succinct and well-timed reminder of the risks and rewards that lie in store for Greece as this country heads to the end of its final bailout program.

05.02.2018 / 10:59

The stress tests that Greek banks are due to undergo in the coming weeks will provide an important waypoint in the country’s efforts to get back on the path to normality.

29.01.2018 / 09:57

Within hours of last Monday’s Eurogroup concluding and paving the way for the completion of the third review, confusion reigned regarding what had been agreed with respect to property auctions for the coming years.

22.01.2018 / 09:59

Monday’s Eurogroup is expected to officially bring down the curtain on the third review even though it will take a few more days for some prior actions to be completed.

15.01.2018 / 09:44

Lawmakers will have to vote on Monday on the extensive multi-bill tabled last week by the government as Greece takes another step toward completing its third program.

18.12.2017 / 12:19

Deputy Prime Minister Yiannis Dragasakis met Chinese Vice Premier Ma Kai in Athens on December 7, with the latter calling for closer cooperation between the two countries in all areas.

11.12.2017 / 09:58

Naturally, Greece concerned itself mostly with the visit of Turkish President Recep Tayyip Erdogan last week. The European Union, meanwhile, largely focused on the achievement of an initial agreement with the British government over Brexit on Friday.

04.12.2017 / 14:10

Electronic auctions began in Greece last week after months of discussions and delays. It was a minor first foray into this form of foreclosure in terms of volume (only two properties went under the hammer) but a much more significant moment as far as substance is concerned.

27.11.2017 / 09:14

The final budget of Greece’s so-called memorandum era has been submitted to Parliament and will be voted on before Christmas. The stronger growth and higher primary surplus it envisages are signs of the distance the country has traveled over the last seven years.

20.11.2017 / 09:54

Two very different reports concerning Greece and its bailout programs were published by European institutions last week. One was issued by the Commission and painted the reforms adopted in a positive light, while the other was by the European Court of Auditors and highlighted the weaknesses of the three memorandums.