Greek-Turkish cooperation council to go ahead

The Supreme Council of Cooperation between Greece and Turkey will convene in the first half of 2018 in Thessaloniki, Prime Minister Alexis Tsipras confirmed in a radio interview. The meeting of the two countries’ foreign ministers last October had decided to schedule the council’s meeting for February, which was confirmed later at the visit of Turkish President Recep Tayyip Erdogan ...

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Michalis Lempidakis back in his company – First statements

After the first night with his family, Michalis Lempidakis wanted to go today to his company, the Plastics Crete plant. Obviously moved, the Cretan businessman met with workers embracing them one by one who welcomed him with joy. When they asked him what tired him the most, he said: “I was tired more in my mind”. “I feel stronger now ...

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Latest poll: SYRIZA voted in worst memorandum of all

A new opinion poll aired on Skai TV’s Monday night news bulletin revealed the Greek public remained unconvinced about the government’s narrative on the closing of the deal with the country’s creditors. The findings of the survey, carried out by the University of Macedonia, reflected the public’s disappointment in the SYRIZA-ANAL government, with a massive 8 in 10 of those ...

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Focusing on IMF, dept and measures

Greek government’s economic staff is focusing on the annual meeting of World Bank Group and International Monetary Fund. It is expected that Euclede Tsakalotos and George Chouliarakis may succeed a compromise between Europeans and IMF about the Greek dept. If this happens then IMF will be rejoining Greek program. One of the Greek mission’s best argument is the level of ...

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Eurogroup: Why Tsipras abandoned plan for EURO Summit?

Greek Prime Minister Alexis Tsipras said Wednesday evening he doesn’t think a Euro Summit will be necessary. A couple of hours earlier, he had said that he will call for an emergency EURO Summit before Easter should the talks on the second review of the current Greek program stall at the Eurogroup meeting on Friday. The Greek Prime Minister was ...

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Stournaras: Second review’s delay calls into question the goals for 2017

Second review’s delay calls into question all the development, budgetary and financial goals for 2017. This was the warning that Governor of the Bank of Greece, Yannis Stournaras, gave as he spoke at the conference of Parliamentary Budget Office. He also noted that with the achievement a 2% primary surplus at State Budget of 2016, Greece has already covered the ...

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Tsipras fell into his own trap

After trying for several months and failing to change the agenda of the second review, that should have been ended since last December, Greek government is now under an Asphyxiating pressure by the creditors to accept painfull measures. This is the only way for an overall agreement on the financing of the economy after 2018. According to authoritative sources that ...

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Plan for PPC provides for sale of 40 pct of capacity by June 2018

The government has been forced by the country’s creditors to return to a three-year-old plan for the sale of part of the production capacity of Public Power Corporation, although this time, the so-called “Small PPC” to be privatized is expected to constitute more than the 30 percent originally foreseen, and in many respects the terms will be tougher too. The ...

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Police seek perpetrators of attack on SYRIZA offices

Police on Monday were seeking the perpetrators behind a firebomb attack on the central offices of SYRIZA in Koumoundourou Square, central Athens, on Sunday afternoon. In a sweep of the area immediately after the attack, which caused damage and slightly injured one policeman, officers detained 44 people. Of those, seven were subsequently arrested for illegal residence in Greece. The remainder ...

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