When it comes to fiscal discipline in the European Union, three is the magic number. That’s a deficit limit of 3 percent of GDP, and five EU states will make ... Read More
There are no ongoing investigations in Greece into allegations of wrongdoing by former Laiki Bank strongman Andreas Vgenopoulos, and such investigations in Cyprus have no point, the embattled financier ... Read More
Bonds sink ahead of tough negotiations over pension reform Government wants speedy end to bailout review with creditors Prime Minister Alexis Tsipras is marking the one-year anniversary of his ... Read More
Remarks by J.Dijsselbloem following the Eurogroup meeting of 14 January 2016 Below is a statement by J.Dijsselbloem: Good afternoon and welcome to this press conference. I will address the ... Read More
The Bank of Greece had taken measures to prevent clandestine plans to introduce a parallel currency to the euro last summer if negotiations with creditors failed, Governor Yannis Stournaras ... Read More
When Stavros Staikos thinks of the year ahead, he expresses dread. Although stoic in demeanour, the retired merchant seaman struggles to be upbeat about his country and his own ... Read More
The European Commission has called for a radical change in the way shipping firms are taxed in Greece. On Monday Brussels sent a series of proposals to Athens that ... Read More
The third round of trilateral talks between Greece, Cyprus and Egypt concluded in Athens on Wednesday with the signing of a declaration in which the three countries agreed to ... Read More
Greece‘s political and business leaders promised to expand trade deals with Egypt during meetings Tuesday with the country’s leader, President Abdel-Fattah el-Sissi, following a massive offshore natural gas discovery ... Read More
Greek banks will not need any further recapitalisation after the latest round, in which the European Central Bank put their additional capital needs at 14.4 billion euros, the ECB’s ... Read More
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