11-04-2018 | EYE ON GREECE | EU

11-04-2018 | EYE ON GREECE | EU

Wednesday, April 11, 2018

Concerns over Aegean tensions after helicopter incident

An incident on Monday night involving a Turkish helicopter flying at low altitude with its lights out near the Greek islet of Ro is seen by Athens as yet another demonstration of Ankara’s strategy of continued tension in the Aegean.


Greek FinMin refers to ‘post-memorandum monitoring program’ instead of previous ‘clean exit’

A “post-memorandum monitoring program” will accompany Greece’s exit from creditors’ supervision, Greek Finance Minister Euclid Tsakalotos was quoted as saying this week, essentially the first admission by the country’s “economy czar” that the looming end of the third – and final – bailout will not be as “clean” an exit as previously advertised.


High court strikes down unpopular social security reform law

Widely quoted reports in Athens on Tuesday cited a decision by the Council of State, Greece’s highest administrative court, striking down a landmark piece of legislation to include self-employed professionals (physicians, lawyers, engineers etc) in the new universal primary social security fund, known as EFKA in its Greek-language acronym.


4.7-magnitude tremor hits southeastern Aegean

A 4.7-magnitude quake struck the undersea area 21 kilometers northwest of the Greek island of Astypalaia in the southeastern Aegean on Tuesday evening, according to an automated reading of the Geodynamic Institute of Athens.


Mood not improving for Greek consumers

The Greek consumer confidence index, compiled by Nielsen, remained stable in the last quarter of 2017 after a significant rise in the third quarter. Its stabilization at 60 points for a second consecutive quarter illustrates the sudden end of optimism in mid-2017 and expectations for high growth rates.


Greek banks need a decade to cut NPLs to 5 pct

It will take Greek banks about a decade to bring their nonperforming loans down to the levels of their European peers, according to DBRS.


IMF sees rise in Athens property rates

International Monetary Fund data are showing an impressive annual growth rate of 5 percent in Athens property prices from 2013 to 2017, though rates in the rest of the country slid by 5 percent every year over that period.


ATHEX: Bourse rises for third day

Stocks in the Greek bourse returned to action on Tuesday after the Easter holidays with a third successive session of significant gains, but this time with quite a respectable volume in trading.







KATHIMERINI: ‘Blurry’ tension scenery in the Aegean

ETHNOS: The ghost of the Council of State over EFKA

TA NEA: Turkey is testing our endurance and nerves

EFIMERIDA TON SYNTAKTON: Messages of discontent on behalf of Brussels

AVGI: Cold war at the Syria volcano

RIZOSPASTIS:  Dangerous escalation in Syria and the Middle East with war threats by the US and NATO

KONTRA NEWS: Pentagon alert after the Turkish provocation with the helicopter in Ro

DIMOKRATIA: Greek military forces respond with open fire against provocative Turkish actions near the island of Ro

NAFTEMPORIKI: Road map for the country’s exit from the Memorandum era