Programme
Greece said to eye exit plan with precautionary support but no new MoU
The negative market reaction that followed the government’s plans for an early and clean exit from its bailout program has led the government to change its plans, according to local media reports.
Greece's troika talks begin with apparent deal on 2015 surplus
In contrast to previous first meetings between the Greek authorities and the heads of troika mission, the outcome of Tuesday’s inaugural meeting suggests an initial agreement on the fiscal target for 2015.
European Commission sees some progress in Greece's market reforms
In its report titled “Market Reforms at Work in Italy, Spain, Portugal and Greece”, the European Commission (EC) has outlined that reforms of the public administration, the judicial system and those to facilitate the ease of doing business in Greece have had a positive but partial impact.
Paris talks mark start of Greece's most crucial troika review
The first round of the new review of Greece’s Economic Adjustment Program (EAP) is kicking off in Paris today and will last until September 4. The IMF spokesman has recently clarified that the aim of these meetings is to “discuss the way forward on the forthcoming review and is expected to be followed by the full mission to Athens in late September” for the full review.
EU Task Force sees progress on reforms and structural funds in Greece
Reforms are delivering results and there has been an increase in the absorption of European Union funds, according to the seventh quarterly activity report of the Task Force for Greece (TFGR) published today.
IMF report sees a number of risks lying ahead for Greece
The IMF released on Tuesday its drawn-out report on Greece’s fifth review and expressed concern about “adjustment fatigue” and the rising number of non-performing loans, among other things.
Greece lays out plans for debt relief from eurozone
Greece is due to raise the subject of further debt relief at Monday’s Eurogroup but with the official sector poised to take a hit this time as opposed to the Private Sector Involvement (PSI) of early 2012.
European Commission review of Greek programme: The key points
The European Commission (EC) published on April 25 its fourth review on Greece’s Economic Adjustment Programme. This was the first report since July 2013 and follows the agreement reached between the troika and the Greek government in mid March after six months of negotiations.
Eurogroup clears next bailout tranches for Greece, sets new goals
As expected, the informal Eurogroup held in Athens on Tuesday approved the next European Financial Stability Facility (EFSF) instalment of 8.3 billion euros subject to the full implementation of prior actions and agreed milestones. The approval comes after the Greek Parliament narrowly approved the multi-bill on Sunday evening.
Greece, the troika and banks' capital needs: A step-by-step guide
Troika officials are due to meet Bank of Greece (BoG) governor Giorgos Provopoulos on Wednesday as local lenders’ capital needs have shot to the top of the agenda in the current round of talks between Greece and its lenders.