25-05-2018 | EYE ON GREECE | EU

25-05-2018 | EYE ON GREECE | EU

 

Friday, May 25, 2018

European, EZ officials point to progress in Greek program; crucial date June 21 for debt relief

European and Eurozone officials on Thursday confirmed that finance ministers of the Eurogroup requested an updated debt sustainability analysis from creditors, as an unofficial deadline for Greek debt relief appears as June 21.

https://www.naftemporiki.gr/story/1353905/european-ez-officials-point-to-progress-in-greek-program-crucial-date-June-21-for-debt-relief

Bloomberg: No agreement on Greek debt relief at Washington Group meeting

Bloomberg on Thursday reported that a Washington Group meeting concluded without progress on the now pressing issue of Greek debt relief, a standing demand that the IMF has stressed must be taken in the coming period in order for it to continue in the Greek program.

https://www.naftemporiki.gr/story/1353812/bloomberg-no-agreement-on-greek-debt-relief-at-washington-group-meeting

Strict supervision; pension cuts, lower tax-free income ceiling cited in Commission’s supplemental MoU for Greece

The European Commission’s 40-page ” Supplemental Memorandum of Understanding” for Greece was posted on Thursday morning, highlighting what it called the “implementation of agreed policies for several years”, and in relation to what it terms technical assistance that will continue to be extended to Greece.

https://www.naftemporiki.gr/story/1353626/strict-supervision-pension-cuts-lower-tax-free-income-ceiling-cited-in-commissions-supplemental-mou-for-greece

Cyprus peace talks in limbo until after Turkey elections

Negotiations for a solution of the Cyprus problem will not resume before the Turkish elections, which are scheduled for June 24, Greek Minister of Foreign Affairs Nikos Kotzias has said.

http://www.ekathimerini.com/229006/article/ekathimerini/news/cyprus-peace-talks-in-limbo-until-after-turkey-elections

Competitiveness in Greece fails to improve

The Greek economy’s competitiveness remains weak, illustrating that the mix of reforms and fiscal policy has not fetched the anticipated results.

http://www.ekathimerini.com/229031/article/ekathimerini/business/competitiveness-in-greece-fails-to-improve

Huge primary budget surplus in Jan-April

The collection of taxes from previous years, fund inflows from the European Union and non-tax revenues boosted the takings of the state budget in the first four months of the year, according to data released on Thursday by the State General Accounting Office.

http://www.ekathimerini.com/229030/article/ekathimerini/business/huge-primary-budget-surplus-in-jan-april

ATHEX: Benchmark sinks to its lowest point this year

Confidence in the Greek economy’s recovery appears to be wearing thin again these days, as a meeting on Thursday of the Washington Group failed to reach an agreement on the Greek debt measures, bond yields remained high, Folli Follie’s slump accelerated afresh and bank stocks took another tumble, leading the Athens Exchange (ATHEX) benchmark to a five-and-a-half-month low.

http://www.ekathimerini.com/229027/article/ekathimerini/business/athex-benchmark-sinks-to-its-lowest-point-this-year

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KATHIMERINI: Memorandum-like commitments until 2022

ETHNOS: The commitments regarding the exit from the Memorandum

TA NEA: New harsh Memorandum until 2022: Behold the ‘bill’ for pensions, salaries, recruitments and the tax-threshold

EFIMERIDA TON SYNTAKTON: Dating Agency ‘The beautiful ballot’

AVGI: Support for Thessaloniki mayor Boutaris – PM Tsipras to visit Thessaloniki

RIZOSPASTIS: The bill proposed by the Unions on collective labor agreements must be discussed now

KONTRA NEWS: Spanish court imposes on party executives of Mariano Rajoy incarceration of 351 years for kickbacks and commissions

DIMOKRATIA: 18,000 beneficiaries of successive insurance are being held hostages

NAFTEMPORIKI: ‘Option’ for measures after the Memorandum ends