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Reforms
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EconomyProgramme
Satisfied with reform commitment and pandemic response, EC wraps up sixth post-MoU review The European Commission published on Wednesday the sixth report of the post-programme surveillance framework, paving the way for Greece to benefit from another round of debt relief measures.
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EconomyProgramme
Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space The fifth post-programme surveillance review was completed on Friday following three days of talks between the Greek authorities and the heads of the institutions in Athens that were preceded by a week of discussions with the technical teams during the previous week.
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Economy
Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020 Fitch upgraded Greece’s credit rating on Friday by one notch to ‘BB’ and revised upwards its outlook to positive, bringing the country just two notches away from investment grade.
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Economy
BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020 The Bank of Greece (BoG) submitted to Parliament on Friday its interim monetary policy report for 2019 in which it outlines a range of areas that Greek authorities should take encouragement from, while stressing others that require focus and pose challenges in the near and longer terms future.
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PoliticsGreek Politics
PM aims to maintain pace of economic reforms as public worries about migration The tax bill submitted to Parliament this week, the pension bill due in the coming days and the draft legislation for the overhaul of the Public Power Corporation (PPC) topped the agenda of Thursday’s cabinet meeting, where Prime Minister Kyriakos Mitsotakis urged his ministers to keep up the pace set since New Democracy came to power in July.
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PoliticsGreek Politics
New asylum strategy to centre on relocation to closed camps, enhanced border protection A new asylum strategy was announced by the government in Athens yesterday, aimed at decongesting the Aegean islands of up to 37,000 migrants and refugees who have been stranded there awaiting processing of their asylum applications.
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EconomyProgramme
Brussels gives Athens thumbs-up for reforms and budget Greece’s new government managed to successfully clear on Wednesday the first major approval hurdle in its brief tenure as the European Commission (EC) published the fourth post-programme surveillance report, concluding that Greece has taken all the necessary steps to meet its mid-2019 commitments.
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EconomyProgramme
IMF cool on growth, urges greater effort on bank, fiscal and labour reforms The International Monetary Fund (IMF) issued on Friday its latest Article IV consultation report for Greece and its assessment of the condition and prospects of the Greek economy.
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EconomyProgramme
Athens hopes IMF prepayment go-ahead aids case for lower fiscal targets The Greek government is hoping to get the all-clear from the European Stability Mechanism (ESM) on Monday to make a loan pre-payment to the International Monetary Fund, a move which Athens hopes will boost its chances of convincing its creditors to lower its fiscal targets for the coming years.
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Economy
S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls S&P raised on Friday its credit rating for Greece by one notch, taking it to ‘BB-’, and kept its positive outlook for the country.