by Alessandro Speciale and Viktoria Dendrinou
31 Μαΐου 2017, 6:27 μ.μ. EEST 1 Ιουνίου 2017, 1:12 μ.μ. EEST
Bloomberg
Greece may not be offered a substantially improved debt-relief package when euro-area finance ministers discuss its bailout in Luxembourg next month, officials directly involved in the negotiations said.
Euro-zone creditors are unlikely to commit to further details of measures beyond the extension of maturities in rescue loans that they discussed last week, the officials said, asking not to be named because the ongoing talks are private. Such a deal on its own might still not be enough to convince the European Central Bank to start buying Greek bonds, they said.
Friday, June 2, 2017
Ending Greece’s Perpetual Debt Crisis
By THE EDITORIAL BOARD
JUNE 1, 2017
The New York Times
For nearly a decade, Greece has struggled under suffocating debt, which now totals more than 300 billion euros ($338 billion), or nearly double its annual economic output. Waves of austerity measures to satisfy creditors have inflicted great suffering: More than a quarter of Greeks are unemployed, and vital services, like health care and transportation, are running as bare-bones operations. The economy is in recession, and there is virtually no way Greece can dig itself out of such a deep hole.
JUNE 1, 2017
The New York Times
For nearly a decade, Greece has struggled under suffocating debt, which now totals more than 300 billion euros ($338 billion), or nearly double its annual economic output. Waves of austerity measures to satisfy creditors have inflicted great suffering: More than a quarter of Greeks are unemployed, and vital services, like health care and transportation, are running as bare-bones operations. The economy is in recession, and there is virtually no way Greece can dig itself out of such a deep hole.
Wednesday, May 31, 2017
Greece Seeks to Lure U.K.-Based Shipowners, Brokers on Brexit
by Paul Tugwell and Sotiris Nikas
31 Μαΐου 2017, 2:05 π.μ. EEST
Bloomberg
The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc.
“We’re in contact with five large ship-insurance brokers who are considering various EU member countries for the transfer of their headquarters,” Shipping Minister Panagiotis Kouroumblis said in an interview in Piraeus, Greece’s biggest port. Kouroumblis declined to name the firms as the talks are private. “We’ll meet by the latest in June to discuss the terms they’d like in order to choose Greece,” he said.
31 Μαΐου 2017, 2:05 π.μ. EEST
Bloomberg
The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc.
“We’re in contact with five large ship-insurance brokers who are considering various EU member countries for the transfer of their headquarters,” Shipping Minister Panagiotis Kouroumblis said in an interview in Piraeus, Greece’s biggest port. Kouroumblis declined to name the firms as the talks are private. “We’ll meet by the latest in June to discuss the terms they’d like in order to choose Greece,” he said.
Greece denies report it may opt out of receiving more bailout money
Tue May 30, 2017 | 10:34am EDT
Reuters
By Renee Maltezou | ATHENS
Greece on Tuesday denied a German newspaper report it could refuse receipt of bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms, despite it having passed more reforms.
Reuters
By Renee Maltezou | ATHENS
Greece on Tuesday denied a German newspaper report it could refuse receipt of bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms, despite it having passed more reforms.
Monday, May 29, 2017
Greek Creditors, IMF Seek to Bridge Split Over Debt Relief
by Viktoria Dendrinou and Rainer Buergin
21 Μαΐου 2017, 4:11 μ.μ. EEST 22 Μαΐου 2017, 7:16 μ.μ. EEST
Bloomberg
Euro-area finance ministers gathered in Brussels on Monday, seeking a compromise with the International Monetary Fund on debt relief for Greece that could signal the final act in the seven-year-old drama for the continent’s most indebted state.
The IMF is reluctant to participate in a bailout unless the euro area ensures the country’s 315 billion-euro ($355 billion) debt load is sustainable. Some nations like Germany that are resisting a change to Greece’s debt profile won’t release any new funds until the Washington-based fund joins the program. Athens needs the new aid installment before it has to repay about 7 billion euros to lenders in July.
21 Μαΐου 2017, 4:11 μ.μ. EEST 22 Μαΐου 2017, 7:16 μ.μ. EEST
Bloomberg
Euro-area finance ministers gathered in Brussels on Monday, seeking a compromise with the International Monetary Fund on debt relief for Greece that could signal the final act in the seven-year-old drama for the continent’s most indebted state.
The IMF is reluctant to participate in a bailout unless the euro area ensures the country’s 315 billion-euro ($355 billion) debt load is sustainable. Some nations like Germany that are resisting a change to Greece’s debt profile won’t release any new funds until the Washington-based fund joins the program. Athens needs the new aid installment before it has to repay about 7 billion euros to lenders in July.
Constantine Mitsotakis, Who Forged Greek-EU Ties, Dies at 98
by Eleni Chrepa
29 Μαΐου 2017, 3:03 π.μ. EEST 29 Μαΐου 2017, 9:38 π.μ. EEST
Bloomberg
Constantine Mitsotakis, the Greek prime minister who strengthened ties with the European Union and attempted unpopular cuts to state spending in the 1990s, has died. He was 98.
He died in the early hours of Monday morning, according to a statement from his family.
29 Μαΐου 2017, 3:03 π.μ. EEST 29 Μαΐου 2017, 9:38 π.μ. EEST
Bloomberg
Constantine Mitsotakis, the Greek prime minister who strengthened ties with the European Union and attempted unpopular cuts to state spending in the 1990s, has died. He was 98.
He died in the early hours of Monday morning, according to a statement from his family.
Sunday, May 28, 2017
White House considers naming Reince Priebus ambassador to Greece: Report
by Melissa Quinn | May 27, 2017, 4:30 PM
Washington Examiner
As President Trump and his advisers consider making changes in the White House amid the flurry of reports involving Trump's campaign associates and Russia, one such change could involve making Chief of Staff Reince Priebus the ambassador to Greece, according to a report.
Washington Examiner
As President Trump and his advisers consider making changes in the White House amid the flurry of reports involving Trump's campaign associates and Russia, one such change could involve making Chief of Staff Reince Priebus the ambassador to Greece, according to a report.
Friday, May 26, 2017
Scientists just published an entire study refuting Scott Pruitt on climate change
By Chris Mooney May 24 at 1:46 PM
The Washington Post
In a sign of growing tensions between scientists and the Trump administration, researchers published a scientific paper Wednesday that was conceived and written as an explicit refutation to an assertion by Environmental Protection Agency Administrator Scott Pruitt about climate change.
The study, in the journal Nature Scientific Reports, sets up a direct test of a claim by Pruitt, made in written Senate comments following his confirmation hearing, that “over the past two decades satellite data indicates there has been a leveling off of warming.”
Turkey’s leader confronted by France, Germany at NATO summit
The Washington Post
By Raf Casert | AP May 25 at 2:22 PM
BRUSSELS — Turkish President Recep Tayyip Erdogan was confronted by key allies France and Germany with diplomatic complaints despite him traveling to Brussels to celebrate the unity of the NATO alliance.
French President Emmanuel Macron and German Chancellor Angela Merkel both raised the issue of nationals from their countries currently held in custody in Turkey. It was the latest example of steadily decreasing relations between Erdogan and several of his European allies in the wake of last year’s coup attempt.
Ex-Premier of Greece Is Hurt When Bomb Explodes in His Car
By NIKI KITSANTONISMAY 25, 2017
The New York Times
ATHENS — A bomb exploded on Thursday in a car carrying Lucas Papademos, a former prime minister of Greece, through central Athens, the police said. Mr. Papademos, 69, was injured in the explosion, along with the driver and another person in the car.
A government spokesman, Dimitris Tzanakopoulos, said Thursday evening that the three were in “stable condition, are conscious and are undergoing all the necessary medical tests.”
The New York Times
ATHENS — A bomb exploded on Thursday in a car carrying Lucas Papademos, a former prime minister of Greece, through central Athens, the police said. Mr. Papademos, 69, was injured in the explosion, along with the driver and another person in the car.
A government spokesman, Dimitris Tzanakopoulos, said Thursday evening that the three were in “stable condition, are conscious and are undergoing all the necessary medical tests.”
Thursday, May 25, 2017
Debt relief or a fourth financial assistance programme for Greece?
The Eurogroup faces a difficult choice on Greece — implementing a debt reduction plan drastic enough to make a return to market borrowing possible, or agreeing to a fourth financial assistance programme and continuing to fund Greece at the preferential lending rate.
BY: ZSOLT DARVAS DATE: MAY 22, 2017
Bruegel
BY: ZSOLT DARVAS DATE: MAY 22, 2017
Bruegel
No Greek debt relief needed if primary surplus above 3 percent/GDP for 20 years: paper
Wed May 24, 2017 | 9:24am EDT
Reuters
By Gernot Heller | BERLIN
Greece will not need any debt relief from euro zone governments if it keeps its primary surplus above 3 percent of GDP for 20 years, a confidential paper prepared by the euro zone bailout fund, the European Stability Mechanism (ESM), showed.
The paper, obtained by Reuters, was prepared for euro zone finance ministers and International Monetary Fund talks last Monday, which ended without an agreement due to diverging IMF and euro zone assumptions on future Greek growth and surpluses.
Reuters
By Gernot Heller | BERLIN
Greece will not need any debt relief from euro zone governments if it keeps its primary surplus above 3 percent of GDP for 20 years, a confidential paper prepared by the euro zone bailout fund, the European Stability Mechanism (ESM), showed.
The paper, obtained by Reuters, was prepared for euro zone finance ministers and International Monetary Fund talks last Monday, which ended without an agreement due to diverging IMF and euro zone assumptions on future Greek growth and surpluses.
Wednesday, May 24, 2017
BlueBay Turns Short Pound as 'All Roads' Point to Hard Brexit
by Anooja Debnath
24 May 2017, 7:00 π.μ. EEST
Bloomberg
Sterling could drop to $1.20 toward end of this year: Dowding
Bundesbank’s Dombret says Brexit to be hard or very hard
The pound is heading lower whatever the outcome of the U.K.’s elections, according to BlueBay Asset Management.
24 May 2017, 7:00 π.μ. EEST
Bloomberg
Sterling could drop to $1.20 toward end of this year: Dowding
Bundesbank’s Dombret says Brexit to be hard or very hard
The pound is heading lower whatever the outcome of the U.K.’s elections, according to BlueBay Asset Management.
New deadline for Greece set after another stalemate
By Pan Pylas | AP May 23 at 8:26 AM
The Washington Post
BRUSSELS — Hopes for a breakthrough in negotiations for cash-strapped Greece were dashed again and another deadline was set.
Greece once again failed to get approval from its European creditors to receive the next batch of bailout loans that it needs to meet a debt repayment hump this summer. It also failed to secure an agreement on the sort of debt relief measures it can expect to get when its current bailout program ends next year.
The Washington Post
BRUSSELS — Hopes for a breakthrough in negotiations for cash-strapped Greece were dashed again and another deadline was set.
Greece once again failed to get approval from its European creditors to receive the next batch of bailout loans that it needs to meet a debt repayment hump this summer. It also failed to secure an agreement on the sort of debt relief measures it can expect to get when its current bailout program ends next year.
Greece Has the Resources to Heal Itself
But it will have to curb tax evasion or remain an eternal ward of the euro zone.
By Leonid Bershidsky
Bloomberg
23 May 2017
The euro area's finance ministers again failed to come to an agreement on debt relief for Greece. No surprise there. Hammering out the details would force them to accept an uncomfortable reality: Greece won't be ready to tap private debt markets for years to come. In the meantime, if it wants to get off life support, it will have to find a way to cut tax evasion.
By Leonid Bershidsky
Bloomberg
23 May 2017
The euro area's finance ministers again failed to come to an agreement on debt relief for Greece. No surprise there. Hammering out the details would force them to accept an uncomfortable reality: Greece won't be ready to tap private debt markets for years to come. In the meantime, if it wants to get off life support, it will have to find a way to cut tax evasion.
Lone wolf or complex plot? Analysing the Manchester bombing
The use of an improvised bomb may suggest a more elaborate plan than other recent attacks
Economist
Britain
May 23rd 2017
DETAILS of the Manchester Arena bombing are slowly emerging. Islamic State has claimed responsibility for the attack. The police have confirmed that the murderous act last night was carried out by a single suicide-bomber who detonated an improvised explosive device packed with shrapnel in a crowded foyer. He has been named as Salman Abedi, reportedly a Manchester-born 22-year-old with family of Libyan origin. Separately, a 23-year-old man has been arrested in a Manchester suburb in connection with the crime. Wrenching photos of the first young victims and missing concert-goers have been posted online.
What an Attack at an Ariana Grande Show Means for Teen Girls
By NATALIE SHUTLERMAY 23, 2017
The New York Times
The pink balloons, floating above the maelstrom of panicked concertgoers, are what struck me first. Images of innocence, bumping along above hordes of shrieking children, many of whom refused to release their balloons even as they fled the arena.
Do you remember your first pop concert? That first time you watched a female hero belt it out onstage without apologies? I was in eighth grade when my dad agreed to drive me and my best friend to see Garbage, a Scottish pop band led by the coolest woman of all time, Shirley Manson. Her anger, confidence and sexuality stood in for stirrings of teenage passion that I had no way to express. I was awkward and insecure — weren’t we all? — but when I stood in the presence of a woman who stared down the system with a growl in her voice, I forgot about how weird it felt to be 13.
The New York Times
The pink balloons, floating above the maelstrom of panicked concertgoers, are what struck me first. Images of innocence, bumping along above hordes of shrieking children, many of whom refused to release their balloons even as they fled the arena.
Do you remember your first pop concert? That first time you watched a female hero belt it out onstage without apologies? I was in eighth grade when my dad agreed to drive me and my best friend to see Garbage, a Scottish pop band led by the coolest woman of all time, Shirley Manson. Her anger, confidence and sexuality stood in for stirrings of teenage passion that I had no way to express. I was awkward and insecure — weren’t we all? — but when I stood in the presence of a woman who stared down the system with a growl in her voice, I forgot about how weird it felt to be 13.
British prime minister raises nation’s threat level, saying another attack ‘may be imminent’
The Washington Post
By Griff Witte, Karla Adam and Souad Mekhennet May 23 at 5:32 PM
MANCHESTER, England — British Prime Minister Theresa May on Tuesday night raised the nation’s threat level and deployed the military to guard concerts, sports matches and other public events, saying another attack “may be imminent” following a bombing Monday night that left 22 people dead.
The announcement, which takes Britain’s alert level from “severe” to its highest rating, “critical,” clears the way for thousands of British troops to take to the streets and replace police officers in guarding key sites.
Monday, May 22, 2017
Did Donald Trump brief the Russians?
Another scandal in the Oval Office—and it’s a big one
The Economist
Democracy in America
May 16th 2017by J.A. | WASHINGTON, DC
DONALD TRUMP‘S decision to sack James Comey as FBI director on May 9th seemed to many like a defining moment in his chaotic early stab at governing. Even some Republicans wondered whether it could spell the beginning of an early end to Mr Trump’s crisis-ridden presidency. But already that looks like last week’s story—following claims, first published by the Washington Post on May 15th, that Mr Trump divulged highly classified information to Russia’s foreign minister and ambassador to Washington, DC, in the Oval Office.
German foreign minister Gabriel demanded debt relief for Greece
Deutsche Welle
22-05-2017
Shortly before an Euro Group meeting, German foreign minister Sigmar Gabriel demanded debt relief for Greece. Indirectly, Gabriel is standing up against fellow German cabinet minister Wolfgang Schäuble.
See video of Mr Gabriel's speech here:http://www.dw.com/en/german-foreign-minister-gabriel-demanded-debt-relief-for-greece/av-38930200
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