Programme
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.
Greece’s first bailout, lenders and their pledge to maintain debt exposure
The Wall Street Journal and El Pais published over the weekend a revealing record of the minutes from the International Monetary Fund’s board meeting in May 2010, which sealed the organizations participation in the first Greek bailout.
Manufacturing PMI slightly down at 47.3 in October
Greek Manufacturing PMI slightly eased to 47.3 in October from 47.5 in September, falling further from the 44-month high of 48.7 in August, according to Markit.
Greece and troika agree 2013 primary surplus will be just 500 mln - here's why
Just as the Finance Ministry in Athens announced on Wednesday a final budget execution to August that blew away primary surplus targets by a margin of 5.36 billion, which is the equivalent of 2.9 percent of Greece's expected GDP, reports suggested that Yannis Stournaras agreed with the troika that the full year primary surplus would be in the region of 400 to 500 million, which is no more than 0.27 percent of GDP.