Macropolis

Creditors' deal comes up short on debt relief for Tsipras

25/05/2016 - 14:23

Despite some positive elements, the Eurogroup agreement announced early on Wednesday falls below the Greek government’s expectations in many regards.

Lenders agree new loan disbursement, piecemeal approach to debt relief

25/05/2016 - 04:53

Eurozone finance ministers reached an agreement on the conditions for a disbursement of 10.3 billion euros for Greece early on Wednesday, along with a looser deal on debt relief that may lead to the International Monetary Fund remaining involved in the Greek programme.

Tsipras sails through multi-bill vote, looks to disbursement and debt relief

22/05/2016 - 22:42

The government breezed through the multi-bill vote on Sunday and has put the ball in the lenders’ court regarding the disbursement of bailout funds and debt relief.

Coalition under fire over multi-bill but aiming to stay united for vote

20/05/2016 - 16:19

Ahead of Sunday’s crucial vote on the multi-bill submitted to Parliament this week, there appeared little sign of dissent among government MPs despite the negative reaction prompted by much of the legislation involved.

Tsipras seeking repeat of full support from coalition MPs in upcoming bailout vote

18/05/2016 - 09:37

Ministers are due to begin on Wednesday the effort of ensuring that all government MPs will support the multi-bill due to be submitted to Parliament by the end of the day.

Coalition prepares final legislation for review, opposition expects no upsets for now

16/05/2016 - 09:17

Another week devoted to drafting and voting new legislation awaits the government, which aims to complete the remaining bailout measures ahead of the May 24 Eurogroup.

Stournaras calls for lower primary surplus target, debt relief measures

13/05/2016 - 15:49

Speaking at a conference of the Confederation of Northern Greece Industries (SBEE), the Bank of Greece (BoG) governor Yannis Stournaras suggested on Friday that Greece’s primary surplus target of 3.5 percent of GDP in 2018 should be lowered to 2 percent.

Tsipras upbeat after vote, Eurogroup but deal details may still present problems

11/05/2016 - 14:41

Prime Minister Alexis Tsipras has been in fan upbeat mood this week following the successful parliamentary vote on Sunday and the positive noises coming from the Eurogroup on Monday.

Greece and lenders edge closer at Eurogroup but standby measures, debt relief not resolved yet

09/05/2016 - 21:43

Greece and its creditors appeared to move a step closer on Monday to an agreement that would conclude the bailout review but questions remain about the details of some aspects of the potential deal.

Tsipras gets full support in pension and income tax vote, moves on to Eurogroup

09/05/2016 - 09:21

Greek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal measures needed to lead to the completion of the first bailout, with all 153 of the government’s MPs backing the legislation.