Without receiving another bailout installment, Greece can only finance its obligations for the first four or five months of the year, according to a Eurobank study regarding the country’s needs up until the end of the program next year and the course of the Greek debt.

11.01.2017 / 09:59

In its efforts to reach a compromise with the creditors for the completion of the second bailout review, the government is examining a scenario whereby the automatic fiscal mechanism agreed last year (aka “the cutter”) would also include the reduction of the tax-free threshold and pensions.

28.12.2016 / 10:15

Tens of thousands of contract workers at municipalities around the country, whose jobs were hanging in the balance, could be hired on a permanent basis according to an amendment included in a zoning bill.

23.12.2016 / 11:15

The issue of short-term measures for easing the Greek debt, which were frozen in response to the government’s unilateral decision to pay pensioners a Christmas bonus, has been put off until the Euro Working Group meeting on January 12.

16.12.2016 / 20:50

Any further delay in the completion of the bailout review would threaten the achievement of the country’s economic goals for next year, Yannis Stournaras wrote in the Bank of Greece’s intermediary report, which came out on Friday.

09.12.2016 / 09:46

The International Monetary Fund issued a clear message on Thursday that Athens must take new, tough measures to achieve a primary surplus target of 3.5 percent of gross domestic product in 2018, which sources say add up to 4.3 billion euros.

23.11.2016 / 09:17

The draft of the updated bailout agreement that the creditors have sent to the government provides for the strict monitoring of civil service employees and salaries, fresh social security system interventions and an automatic system for the confiscation of assets belonging to those with debts to the state.

16.11.2016 / 21:03

Berlin’s immediate response to US President Barack Obama’s call for Greek debt relief was to pour cold water on Athens’s aspirations, but the head of the Eurogroup did not rule out the possibility of a discussion next month on midterm debt relief measures.

16.11.2016 / 10:19

The government and the country’s creditors have three landmark dates ahead of them in their effort to strike a staff-level agreement for the second review of Greece’s third bailout.

12.11.2016 / 13:25

Since 2010 Athens has introduced revenue-boosting measures worth almost 37 billion euros in total, but the result is quite disappointing, as the European Commission’s official data show that state revenues have declined by 9.2 billion euros in the same period.t

03.11.2016 / 21:50

Tax revenues have again exceeded their target, according to October’s figures, but, as Alternate Finance Minister Giorgos Houliarakis admitted on Thursday, that is not the solution for Greece’s wheezing economy, while he added that even a debt settlement will not suffice to see Greece emerge from its crisis.

01.11.2016 / 09:15

Thousands of pensioners will be dealt a fresh blow on Wednesday as they pick up their lighter auxiliary pensions, while the country’s creditors have asked for a series of amendments to labor laws and are demanding extra measures for the primary surplus target to be met next year, adding to the pressure on the Greek government.