IMF Warns Eurogroup Loan Measures Not Enough for Greek Debt

by Eleni Chrepa  and Andrew Mayeda
28 January 2017, 4:07 μ.μ. EET

Bloomberg

Greece’s public debt and financing needs will prove “explosive” in decades to come unless Europe overhauls its bailout program to ease the load, the International Monetary Fund says in a draft report as the country seeks a fresh loan payout.

In the IMF’s baseline scenario, Greece’s government debt will reach 275 percent of its gross domestic product by 2060, when its financing needs will represent 62 percent of GDP, the report obtained by Bloomberg says. The government estimates public debt around 180 percent of GDP at present.

Greek Markets Tumble as EU Holds Up Payment Amid IMF Doubts

by Sotiris Nikas  and Nikos Chrysoloras
30 January 2017, 3:44 μ.μ.
Government said to admit most bailout actions still pending
IMF says reforms still needed, debt is highly unsustainable

Bloomberg

Greek stocks and bonds fell on Monday after the government in Athens failed to bridge differences with European creditors over the conditions attached to the country’s latest bailout review and the International Monetary Fund warned that its debt is on an unsustainable path.

Almost two-thirds of the actions creditors have demanded for the disbursement of the next tranche of emergency loans have yet to be completed, the government conceded in a memo discussed between Finance Minister Euclid Tsakalotos and bailout auditors last week in Brussels, a person familiar with the matter said.

This could be Greece’s last chance to save itself

Nasos Koukakis, special to CNBC.com
Friday, 27 Jan 2017 | 3:01 PM ET

CNBC

Despite decisive action proposed by the International Monetary Fund to ease Greece's financial burden, more turbulence lies ahead for the debt-ridden European nation, reveals the latest IMF report, which was delivered to the Fund's board members for consultation. CNBC has received the report through a close source to the IMF.

According to IMF deputy spokesman William Murray, the report will be discussed at the IMF's board meeting on Feb.6.

Third migrant dies in a week in harsh Greek camp conditions

Mon Jan 30, 2017 | 1:07pm EST

Reuters

By Karolina Tagaris | ATHENS
The third migrant to perish in a week was found dead in his tent on Monday on Greece's Lesbos island, raising alarm about the grim winter conditions in overcrowded camps that critics have denounced as deplorable.

The dead man is believed to be about 20 and from Pakistan, a police official on the island said. Another migrant who shared his tent was critically ill and taken to hospital.

The death at the island's Moria camp follows those of a 22-year-old Egyptian and a 46-year-old Syrian who shared a tent and died days apart. Greek media reported they had inhaled fumes from a heater, but authorities would not confirm or deny that.

Germany says expects IMF to participate in Greece's bailout

Mon Jan 30, 2017 | 8:28am EST

Reuters

Germany believes the International Monetary Fund will participate in Greece's bailout and it is too early to start thinking about other arrangements should the IMF bow out, a spokesman for the German finance ministry said on Monday.

The IMF said around two years ago that it would take part in Greece's aid package, the spokesman said at a regular government news conference, and added: "Nothing has changed about that and it's much too early to think about 'what if'".

Turkey angered as Greece blocks extradition of soldiers over coup attempt

Thu Jan 26, 2017 | 11:28am EST

Reuters

Greece's Supreme Court ruled against the extradition of eight Turkish soldiers who fled to Greece in July after a failed coup attempt in Turkey, a decision which angered Ankara and further strained relations between the two neighbors.

Turkey has demanded Greece extradite them, alleging they were involved in the coup attempt and has branded them traitors.

The men -- three majors, three captains and two sergeant-majors -- landed a helicopter in northern Greece on July 16 and sought political asylum saying they feared for their lives in Turkey.

Greece and Creditors Fail to Make Progress on Bailout Deal

Eurozone finance ministers met in Brussels as a possibly troublesome election season looms in Europe

The Wall Street Journal

By VIKTORIA DENDRINOU and  NEKTARIA STAMOULI
Updated Jan. 26, 2017 4:00 p.m. ET


BRUSSELS—Greece and its creditors failed to resolve their differences Thursday during talks held in hopes of finding a solution for the country’s deadlocked bailout before Europe’s coming election season dominates the Continent’s agenda.

A meeting of eurozone finance ministers here didn’t reach a breakthrough that would clear the way for the conclusion of negotiations on the current review of Greece’s aid package of as much as €86 billion. But there is pressure to get a deal by February, because after that, a series of elections in the Netherlands, France, Germany and possibly Italy could distract attention and reduce governments’ interest in making any unpopular concessions on Greece.

Britain’s excruciating embrace of Donald Trump shows how little independence it has gained from Brexit

The Economist
27-1-2017
Leaving the European Union means the country has less, not more, control over its circumstances

THERESA MAY’S private opinion of Donald Trump goes unrecorded, but she is surely not a natural fan. Before Mr Trump’s election the prime minister called his remarks on Muslims “divisive, unhelpful and wrong”. Fiona Hill, one of her powerful chiefs of staff, declared him a “chump” and Nick Timothy, the other, tweeted: “As a Tory I don’t want any ‘reaching out’ to Trump.” Mrs May flannelled in a television interview on January 22nd when asked about the president’s treatment of women, his disregard for NATO and his protectionism. In temperament the two leaders could hardly be less alike: one brash and operatic, the other cautious and meticulous. So expect the prime minister’s visit to the White House on January 27th to be a study in awkwardness: the mother superior dropping in on the Playboy Mansion.

Δηλώση στελέχους του ΣΥΡΙΖΑ το 2014

Από την συνέντευξη της Ράνιας Σβίγκου κάπου στο 2014:
"...Η ηγεσία του ΚΚΕ, με το να θεωρεί ότι ο ΣΥΡΙΖΑ και μια κυβέρνηση της Αριστεράς θα πράξει πάνω κάτω ό,τι κάνει και η συγκυβέρνηση, κάνει αυτή τη στιγμή ένα σοβαρό ιστορικό λάθος, που απογοητεύει και τον κόσμο και τους ψηφοφόρους του...."

http://rednotebook.gr/2014/05/rania-sbigkou-rixi-me-tin-europi-tou-au/

Και ένα σχόλιο:

Greece’s Top Court Rejects Extradition of Turkish Officers

By NIKI KITSANTONIS
JAN. 26, 2017


The New York Times

ATHENS — Greece cannot extradite eight military officers who fled Turkey after a failed coup in July, the country’s Supreme Court ruled on Thursday. The Turkish government had demanded that the officers be handed over, and it immediately protested the court’s decision.

The court, Greece’s highest, ruled that the eight officers — two majors, four captains and two noncommissioned officers — would face “the curtailment of their fundamental human rights” if sent back to Turkey, and it called for their immediate release. The decision is irreversible.

The officers fled to northern Greece in a Turkish Army helicopter on July 15, saying they feared for their lives, and there was pressure on the court to deal with two seemingly irreconcilable demands: ensuring that the officers’ human rights were respected without angering a sometimes prickly neighbor.

Greece to rule on Turkish servicemen later this week

The Washington Post

By Associated Press January 23
ATHENS, Greece — A group of Turkish servicemen who fled to Greece in a military helicopter after last year’s failed coup have appeared at Greece’s Supreme Court in a closely watched extradition hearing.

Court officials said Monday that a decision would be announced on Thursday.

Trump Advances Border Wall to Start Immigration Crackdown

by Margaret Talev  and Jennifer Jacobs
25 Ιανουαρίου 2017, 6:28 π.μ. EET 26 Ιανουαρίου 2017, 6:06 π.μ. EET

Bloomberg

President Donald Trump acted on two of the most fundamental -- and controversial -- elements of his presidential campaign, declaring on Wednesday that he would build a wall on the border with Mexico and greatly tighten restrictions on who can enter the U.S.

Trump signed a pair of orders to set in motion the construction of a "physical wall" across the 1,989-mile length of the southern border and to strengthen immigration enforcement within the U.S. The second order includes an attempt to crack down on "sanctuary cities" that refuse to allow their police to enforce federal immigration law.

Greece Bailout Deadline Looms Ahead of Busy EU Election Schedule

by Eleni Chrepa  and Nikos Chrysoloras
26 Ιανουαρίου 2017, 2:00 π.μ. EET

Bloomberg

Greece has less than a month to iron out disagreements with its creditors over how to move forward with a rescue package that has been keeping the country afloat since 2010.

Euro-area finance ministers meeting in Brussels on Thursday will discuss how to complete a stalled bailout review, assure the involvement of the International Monetary Fund and unlock additional financial aid. A deal must be struck by the end of February, before as many as five European nations hold elections that will make negotiations politically difficult, according to an EU official familiar with the talks.

Brexit’ Ruling Reveals Cracks in Britain’s Centuries-old Institutions

By KATRIN BENNHOLDJAN. 24, 2017

The New York Times

LONDON — It remains unclear whether Prime Minister Theresa May’s plans or timetable for taking Britain out of the European Union will be altered by the Supreme Court’s ruling on Tuesday that she must secure Parliament’s approval before beginning the process. Most analysts, even those who opposed “Brexit,” as the departure from the bloc is known, doubt that it will.

And Mrs. May had already said in her speech on Brexit last week that Parliament would have a vote on whether to accept the final deal negotiated with the European Union.

Trump to Unveil Plans for Mexico Border Wall and Limiting Refugees' Entry

by Margaret Talev  and Nick Wadhams
25 January 2017, 6:28 π.μ. EET

Bloomberg


President Donald Trump plans to unveil actions on national security starting Wednesday that are expected to include steps toward building a wall on the Mexican border and limiting refugee inflows to the U.S., moving to fulfill key promises he made during his election campaign.

“Big day planned on NATIONAL SECURITY tomorrow. Among many other things, we will build the wall!” the president wrote Tuesday night in a message on his personal Twitter feed.

The announcement on the border wall is expected during a Wednesday afternoon visit by the president to the Department of Homeland Security, the federal agency that has primary jurisdiction over securing the border and would carry out most of the other immigration-related steps that Trump talked about in his run for office.

Greece’s Tsipras Insists on ‘Not One Euro More’ of Austerity

by Marcus Bensasson
25 January 2017, 11:40 π.μ. EET 25 Ιανουαρίου 2017, 12:59 μ.μ. EET

Greek Prime Minister Alexis Tsipras dug in against creditor demands for more pension cuts and tax increases before a meeting of euro-area finance ministers to unblock the country’s bailout review.

“There is no way we are going to legislate even one euro more than what was agreed in the bailout,” Tsipras said in an interview with Efimerida ton Syntakton, to mark the two-year anniversary since he was elected on an anti-austerity platform. “The demand to legislate more measures, and contingent ones, no less, is alien not just to the Greek Constitution but to democratic norms.”

Trump kills TPP, giving China its first big win

By Ishaan Tharoor January 24 at 1:00 AM

The Washington Post

President Trump signed an executive order on Monday ending the United States' participation in the Trans-Pacific Partnership, a sweeping trade pact negotiated with eleven other nations. It was neither ratified by American lawmakers nor expected to pass a vote in Congress. But Trump chose to kill it anyway with an executive action, underscoring how different he is from his Republican predecessors — and some of the party's current leaders — who embraced free trade and preached the dogma of open markets.

He also handed China its clearest opening yet to tilt the geopolitical balance in Asia in its favor.

Fate of Turkish troops who fled to Greece to be decided this week

Mon Jan 23, 2017 | 8:10am EST

Reuters

Greece's Supreme Court will deliver its verdict on Thursday on whether or not to extradite eight Turkish soldiers who fled to Greece in a helicopter after a failed military coup in July, the Athens News Agency reported.

Turkey alleges the men were involved in the July 15 coup attempt against President Tayyip Erdogan and has demanded their swift extradition.

World’s Largest Private Bank Makes Contrarian Call on Euro Rally

by Stefania Spezzati
23 January 2017, 5:10 μ.μ. EET
Bloomberg
At a time when some investors are questioning the future of the euro, the world’s largest manager of money for the wealthy is advising clients to bet on a rally.

UBS Wealth Management recommends buying the European currency as it sees it being undervalued against the dollar and because of faster euro-area inflation. It expects the euro to climb about 7 percent to $1.15 in six months, while the majority of forecasters surveyed by Bloomberg expect it to slip to $1.03-$1.04 in the same time frame.

As caliphate crumbles, Islamic State lashes out in Iraq

Wed Jan 18, 2017 | 8:51am EST

Reuters

By John Davison | BAGHDAD
Two days after Iraqi forces launched a new push against Islamic State in Mosul, bomb blasts ripped through a marketplace in central Baghdad - the start of a spate of attacks that appear to signal a shift in tactics by the Islamist group.

The Sunni jihadists have targeted Shi'ite Muslim civilians. Raids on police and army posts in other cities, also claimed by Islamic State, have accompanied the bombings.

The attacks show that even if Islamic State loses the Iraqi side of its self-styled caliphate, the threat from the group may not subside.