EAS

After a series of delays the Euro Working Group and Eurogroup in Brussels approved the Greek plan for the restructure of the domestic defense industries, paving the way for the collection of the 1 billion euros of the loan installment that was owed to Greece from July. The collection of the loan installment had already […]

While the negotiations between the Greek government and the troika representatives slowly beginning to lead to agreements, the Tuesday afternoon Euroworking Group and evening Eurogroup sessions in Brussels will approve the one-billion-euro loan installment owed from July. According to an optimistic Finance Ministry officer, after completing the compliance report on Monday evening, which is based […]

When asked about Sunday’s meeting between the Minister of Finances Yannis Stournaras and Deputy Minister of National Defense Fofi Gennimata with the troika representatives, a senior Ministry of Finances officer described it as “fairly to very creative”. With most of the prior actions complete, the main issue at yesterday’s meeting is the fate of Greek […]

The Minister of Finances Yannis Stournaras met with the IMF, EU and ECB representatives this morning and came to an agreement to expedite the privatization procedures. According to the agreement between the Minister and troika representatives, the Greek state will have to collect about 1.3 billion euros from the privatizations this year. It is very […]

According to a senior Ministry of Finances officer, the controversial real estate tax bill will be submitted in Parliament today and the government will come to a deal with the troika by next week on the restructuring of EAS, as well as the controversial primary residence auctions band. The anonymous officer explained that the troika […]

The Minister of Finances Yannis Stournaras and his staff are racing against time to address as many issues as possible by the end of next week, starting with a series of critical meetings with the troika heads. The government’s goal is to collect the one billion euro loan installment from July, but must first address […]

The restrained optimism over the progress of the negotiations with the troika amongst government officials of the previous days has given way to skepticism and concern, as creditor demands and unflattering media reports become more prominent. In order to collect a one billion euro loan installment that was due in July, Greece must come to […]

The government and the troika appear to have come to a preliminary agreement regarding the fate of defense industry EAS, after the Prime Minister Antonis Samaras and government Vice President Evangelos Venizelos met with Olli Rehn and other European officers. If a final agreement is made and announced by the 17th of December, when the […]

The Government Council of Administrative Reform will convene on Tuesday afternoon in order to discuss the bailout commitment of 4,000 public sector dismissals by the end of the year. The future of defense industry EAS will be critical for the plans to be drafted. On Monday evening the Minister of Finances Stournaras claimed that EAS […]

The government is racing against time in order to make all preparation for the prior actions necessary so that the budget can be voted on the 7th of December. This will greatly improve Mr. Stournaras’ bargaining position for the Eurogroup scheduled for the 9th of December. The troika is expected in Athens on the 2nd […]

The Minister of Finances Yannis Stournaras appeared on Yannis Pretenderis’ late evening chat show on Mega Channel, where he had the opportunity to explain and defend his plans. Mr. Stournaras explained that the difference between troika and Greece on the extent of the structural measures is about 1 billion euros. The Minister described how the […]

The government is concerned about the meeting between the Minister of Finances Yannis Stournaras and the troika representatives on Sunday, since no one appeared to be pleased with the progress in covering the 2014 budget gap. Officers from the Ministry of Finances explained that the delays are attributed to the troika representatives, which is believed […]

The government is making its final preparations to ensure that the upcoming troika visit that is scheduled for Monday the 4th of November is not postponed or delayed. The troika’s technical teams will arrive on Monday, with a possibility of the chief negotiators arriving two days afterwards. Poul Tomsen, who recently overcame a health issue, […]

The negotiations for the restructure of defense industries EAS and ELVO have seemingly reached a standstill, as indicated by the cancellation of a teleconference originally scheduled for next week. Instead the Minister of Finances Yannis Stournaras and Deputy Minister of National Defense Fofi Gennimata have arranged to meet and work together on a solution for […]

The reforms of the defense industries EAS, ELVO and LARKO is at the top of the agenda at the meeting hosted by the Ministry of Finances, with the participation of EC Economic and Financial Affairs director Gert Jan Koopman. The EU’s Competition Commission has demanded the closure of all three industries, while the government is […]

The future of the three Greek defense industries ELVO, EAS and LARKO is still at stake, with the troika representatives pressuring for their immediate closure and dismissal without compensation of all employees. The Minister of Finances Yannis Stournaras has invited the Minister of National Defense Dimitris Avramopoulos at 1pm in order to discuss the future […]

The negotiations between the government and the troika regarding the future of defense industries EAS, ELVO and LARKO are taking place over email, with each side working on proposals ahead of the arrival of troika’s technical teams in Athens on the 12th and 16th of September. The troika heads Matthias Mors, Klaus Masuch and Poul […]

The relationship of the government with the troika is set to take a turn for the worse, as they disagree on the future of defense industries EAS, ELVO and LARKO. The issue arose when the troika EC representative Matthias Mors sent an email “suggesting” that the three companies be bankrupted. Government sources have suggested that […]

A few days before the troika teams return to Athens for a scheduled review, the government’s proposal on the restructure of defense industries ELVO, EAS and LARKO has been rejected, calling instead for an immediate closure. The EU-ECB-IMF troika has demanded that any solution must have “a zero fiscal impact” and as such has requested […]

The Prime Minister Antonis Samaras held an emergency meeting this morning with representatives of the Ministries of Defense and Finances in order to discuss the troika demands regarding defense industries LARKO, EAS and ELVO. According an email sent on Monday, the troika representatives appear have rejected the government’s liquidation plans and have requested that the […]