Tag Archive | "debt"

10/25/2014: Front Page: Debt pay plan may hurt talks

A new regulationregarding payment programs for debts to the state and social security funds has added more thorny issues to the already difficult negotiations between the government and its creditors, the European Central Bank, European Commission and… Full News here – Kathimerini English

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PASOK MP Kremastinos calls for broad coalition gov’t with different PM to seek debt relief

PASOK MP Dimitris Kremastinos on Friday became the latest lawmaker to call for a broad coalition government focused on negotiating the best possible deal with Greece’s international creditors, telling Parliament that such an administration could be led by… … Full News here – Latest News

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IMF unhappy over social security debt collection

The International Monetary Fund is asking Athens to impose strict rules on the operation of the Center for Collection of Social Security Arrears (KEAO) as well as a series of measures including the activation of electronic confiscations and making it easi… … Full News here – Latest News

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Pegging reforms to debt relief acts

The government appears determined to walk the road of Portugal by tapping the markets to avoid a third bailout loan from the EU and even show the IMF the door. However, it may trip if talks between Prime Minister Antonis Samaras and German Chancellor Ange… … Full News here – Latest News

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Pimco bought $727 mln of Greek debt in Q2

Bill Gross, the co-founder of Pacific Investment Management Co (Pimco), sold most of the $ 48 billion of US Treasuries held by his $ 221.6 billion Pimco Total Return Fund in the second quarter, replacing them with about $ 45 billion of futures, according to … … Full News here – Latest News

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Tsipras pledges major debt haircut and hikes in wages and pensions

SYRIZA leader Alexis Tsipras pledged on Saturday that his party would pursue a major public debt writeoff, abolish the single property tax (ENFIA) and raise the tax-free threshold as well as the minimum wage if it comes to power. Speaking at the Thessalon… … Full News here – Latest News

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Ministry sys ‘no’ to debt collection agencies

Greece is to continue to resist calls from the International Monetary Fund to have a private collection agency to chase up millions of euros in unpaid social security contributions, Kathimerini understands. The IMF suggested in its most recent report that… … Full News here – Latest News

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8/15/2014: Front Page: ‘No’ to debt collection agency

Greece is to continue to resist calls from the International Monetary Fund to have a private collection agency to chase up millions of euros in unpaid social security contributions, Kathimerini understands. The IMF suggested in its most recent report… Full News here – Kathimerini English

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Strategy focuses on debt sustainability

Greece’s state debt amounted to 174.1 percent of gross domestic product in the first quarter of 2014 according to data released on Tuesday by Eurostat. Greece has the highest debt as a percentage of GDP in the 28-member European Union and its level highli… … Full News here – Latest News

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Merkel pledges action on Greek debt sustainability

Merkel pledges action on Greek debt sustainability On her second visit to Athens in less than two years on Friday, German Chancellor Angela Merkel pledged that the eurozone would discuss Greece's debt sustainability later this year. There was pleasant surprise among Greek government officials that … Full News here – Read more on Kathimerini

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Dijsselbloem sees Greek debt relief talks in August

Eurogroup chief Jeroen Dijsselbloem has said there is no need to discuss debt relief for Greece until August, with German Finance Minister Wolfgang Schaeuble suggesting that the summer will be the time to also discuss a possible third bailout. Ahead of to… … Full News here – Latest News

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Europe must face facts and forgive some of Greece’s debt

Greece and its creditors are wrestling with the country’s debts yet again. It probably won’t be the last time. As long as they keep making the same mistake, the next agreement is no more likely to succeed than the others. Back in 2010, Greece was given on… … Full News here – Latest News

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Ifo: OSI debt restructuring would ease debt by 9 bln

Greece will reduce its public debt by some 9 billion euros if the eurozone decides to extend the bilateral loans amounting to 52.9 billion euros to 50 years and reduce its interest rate by 0.50 percent, according to Germany’s prestigious Ifo Institute. Th… … Full News here – Latest News

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2/10/2014: Front Page: Athens eyes debt relief

With the date that troika officials are to return to Athens still unclear, the government is believed to be focusing on exploiting the leverage afforded by a larger-than-expected primary surplus to push its goal of launching negotiations on debt… Full News here – Kathimerini English

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OSI debt relief plan will not suffice

A number of macroeconomic figures point to output stabilization ahead at the same time the Greek economy rebalances, posting both a primary budget surplus and a current account surplus. However, the huge public debt overhang will continue to undermine gro… … Full News here – Latest News

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