14-05-2018 | EYE ON GREECE | EU

14-05-2018 | EYE ON GREECE | EU

 

Monday, May 14, 2018

Tsipras, Zaev to meet in Sofia on May 17, says UN mediator         

The Prime Ministers of Greece and the Former Yugoslav Republic of Macedonia (FYROM), Alexis Tsipras and Zoran Zaev, will meet on the sidelines of the EU-Western Balkans summit in Sofia on May 17, UN mediator Matthew Nimetz said on Saturday, after a six-hour meeting with the foreign ministers of both countries in Athens.

http://www.ekathimerini.com/228592/article/ekathimerini/news/tsipras-zaev-to-meet-in-sofia-on-may-17-says-un-mediator

Mitsotakis says ND is open to all citizens

New Democracy leader Kyriakos Mitsotakis on Sunday said his party is open for all Greeks, after voting in intra-party elections to appoint new administrations in ND’s prefectural and municipal organizations.

http://www.ekathimerini.com/228606/article/ekathimerini/news/mitsotakis-says-nd-is-open-to-all-citizens

High court upholds 3rd memorandum-era law cutting social security benefits

A legal against a landmark law passed by the Tsipras coalition government that is mainly aimed to cut social insurance expenditures by the state has reportedly been rejected by a slim majority of Council of State justices.

http://www.naftemporiki.gr/story/1349759/reports-high-court-upholds-3rd-memorandum-era-law-cutting-social-security-benefits

Greece to be closely monitored in post-bailout era

Greece’s creditors are reportedly examining a scenario whereby the country will be placed under “enhanced supervision” that will be linked to debt relief measures after its bailout ends in August, according to European Union sources.

http://www.ekathimerini.com/228599/article/ekathimerini/news/greece-to-be-closely-monitored-in-post-bailout-era

HSBC: Greek debt relief measures by June 21 Eurogroup meeting

A report by HSBC this week includes an assessment that debt relief measures extended by Greece’s institutional creditors will be finalized with an agreement at a June 21 Eurogroup meeting.

http://www.naftemporiki.gr/story/1349586/hsbc-greek-debt-relief-measures-by-June-21-eurogroup-meeting

PPC is not a viable company, McKinsey report shows

Greece’s Public Power Corporation (PPC) is not viable and will need to take specific steps to restore its position, the McKinsey consulting group warned in a report to the company detailing the state of the company’s finances.

http://www.ekathimerini.com/228609/article/ekathimerini/business/ppc-is-not-a-viable-company-mckinsey-report-shows

Banks to sell 13.5 bln euros of NPLs this year

Greek banks are stepping up efforts to rid themselves of nonperforming loans, planning to put portfolios with a total face value of 13.5 billion euros up for sale within 2018.

http://www.ekathimerini.com/228576/article/ekathimerini/business/banks-to-sell-135-bln-euros-of-npls-this-year

ATHEX: Daily stock gains alleviate weekly losses

The Greek stock market’s trading week – dominated by the Folli Follie saga and talk of the upcoming independent probe into the listed company – ended on Friday with a session of moderate gains that reduced the impact of losses recorded in previous sessions. However, Greek stocks’ apparent vulnerability to speculation does not bode well for the future.

http://www.ekathimerini.com/228570/article/ekathimerini/business/athex-daily-stock-gains-alleviate-weekly-losses

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SUNDAY PAPERS

KATHIMERINI: Daily monitoring even after the Memorandum ends

TO VIMA: New Democracy  leader Mitsotakis: “These are my pledges and my reform intentions”

REAL NEWS: Double game by Merkel in the Aegean Sea

PROTO THEMA: Instead of ‘Memorandum’ they will call Greece’s supervision mechanism ‘Tool’

AVGI: Brussels wants 180 Greek MPs to ratify the agreement between Athens and Skopje on the name issue

MONDAY PAPERS:

ETHNOS: Funds get more aggressive on the issue of red loans

TA NEA: The debt alleviation issue has been put on hold

EFIMERIDA TON SYNTAKTON: Arms and drugs dealers in the pharmaceutical market

KONTRA NEWS: Behold the truth about pensions!

DIMOKRATIA: They are slashing all pensions by (up to) 350 Euros!

NAFTEMPORIKI: ECB: The four benefits of the precautionary credit line