Yet Again, Merkel Rules out a Greek Debt “Haircut”

Speaking to German media, Chancellor Angela Merkel, once more, ruled-out a haircut of the Greek debt. She said that under no circumstances could there be...

Seven-Month Government Budget Surplus Beats Target

The Greek central government attained a primary budget surplus of 3.05 billion euros in the first seven months of 2017, beating its target by...

Stop Targeting the Greeks, says Merkel in First Pre-Election Rally

Chancellor Angela Merkel kicked off her re-election campaign on Saturday with a plea to European solidarity and the values that govern the European Union. Speaking...

Greece Aims to Implement 90 of 113 Prior Actions By the End of December

The government's target is to implement 90 of the 113 remaining prior actions (until the end of the programme) during the third review that...

About 62,000 Greeks Paid 250 Million Euros for Undeclared Wealth

More than 62,000 Greeks have paid some 250 million euros in taxes, as part of a so-called voluntary scheme to declare taxable income and...

Attica Bank Sells Non Performing Loans Portfolio

Non-systemic Greek lender Attica Bank has announced the sale of a non-performing loan (NPL) portfolio, a development that was approved by the Bank of...

Slight Drop in Greece’s Unemployment Rate in May

Greece’s statistics agency ELSTAT announced on Thursday that the unemployment rate dropped slightly to 21.7% in May, from an upwardly revised 21.8% in the...

Tsakalotos: Greece does not Question the Programme’s Statistics

The Greek government doesn't question the quality of the statistical data on which the country's adjustment programme is based on, Finance Minister Euclid Tsakalotos...

Greek Government Sells 3-month T-bills at Reduced Yield

The government sold 1.138 billion euros ($1.34 billion) of three-month Treasury bills on Wednesday to refinance maturing issues, the country's debt agency PDMA announced. The...

Industrial Production Growth Eases After 8 Months

Greece's industrial production growth eased markedly in June, after accelerating in the prior month, preliminary data from the Greek Statistical Authority (ELSTAT) showed Tuesday. Industrial...

Greece Seizes 900 Accounts per Day Over Rocketing Tax Debts

Taxpayers’ arrears to the state rocketed by 5.47 billion euros in the first half of 2017, as Greeks are unable to meet their tax...

Two New Offshore Oil and Gas Exploration Tenders Launched

The Greek government has launched two tenders for offshore oil and gas exploration and exploitation in the west and south of the country, the...

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