BRUSSELS | June 23, 2015 | By Alexandre Mato | Tax hikes and pension system cuts were the main measures offered by Athens to European Institutions and the IMF in order to reach an agreement over the second rescue programme. The €8 billion in savings and new revenues over the next two years were described as important or broad steps. But the proposals are bittersweet.
The Corner | June 23, 2015 | Despite the Greek drama, the eurozone’s economy is picking up. Eurozone composite PMI jumped to 49-month high of 54.1 in June, according to research firm Markit.
ATHENS | June 22, 2015 | By Manos Giakoumis via MacroPolis | Almost a year ago, Greek banks successfully raised 8.3 billion euros in capital increases, which were over 1.5 times subscribed amid strong interest – primarily from international institutional investors.
MADRID | June 21, 2015 | By JP Marín Arrese | Bertrand Russell coined this famous phrase when the cold war nuclear escalation threatened the survival of the human race. A useful tip for intractable confrontations where sanguine sentiments lead conflicting sides to prefer collective ruin rather than reaching a compromise. The Greek imbroglio is a good example.
PARIS | June 19, 2015 | By Francesco Saraceno | Very busy period. Plus it is kind of tiresome to comment on the daily ups and downs of the negotiations between Greece and the Troika Institutions.
MADRID | June 18, 2015 | By Luis Martí | The negotiating tactics of the Greek government can only be understood against the backdrop of an impossible set of electoral promises –impossible, that is, unless the government gained access to an unlimited inflow of financial resources from abroad at no charge. This not being the case, President Tsipras has to act within a constrained framework.
ATHENS | June 15, 2015 | By Nick Malkoutzis via MacroPolis | Greece’s negotiations with its lenders over the last few days have been more like a ride on the ghost train than a roller coaster, producing moments of sheer panic punctuated by brief spells that allow the palpitations to subside.
LONDON | June 15, 2015 | Barclays | The banking system has lost nearly 23% of its deposits since November 2014.
ATHENS | June 12, 2015 | By Yiannis Mouzakis via MacroPolis | Alexis Tsipras’s government had many people scratching their heads and some say even officials fuming with its approach and negotiating tactics since it came to power.
ATHENS | June 10, 2015 | By Jens Bastian via MacroPolis | Greece’s negotiations with its international creditors have now entered their eighth month, with a possible interim agreement due to be discussed in Brussels between Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande.