troika

After last night’s Eurogroup session, various government sources and troika officials agree that the likeliest date for the troika’s return to Athens is the upcoming Sunday, the 23rd of February. Greece is claiming a 10.1 billion euro loan installment which will cover the country’s need until August. The new troika review is expected to take […]

The informal Eurogroup summit that is scheduled to take place in Athens n the 1st of April 2014 is a critical milestone for the ongoing negotiations between the coalition government and the troika. While both sides want to complete the review before the Eurogroup that is scheduled for the 10th of March, the IMF, ECB […]

Bloomberg’s financial analysts believe that a potential new deal between Greece and its creditors that does not include any provisions for a debt haircut will result in failure. The analysts justify their belief on the fact that the troika’s predictions have been proven wrong and many of the tragic consequences could have been avoided if […]

Despite the optimism regarding the progress of negotiations with the troika for the 2014 fiscal gap, rumors circulating in Brussels suggest that unless all unresolved issues are addressed, the troika will not be returning to Athens. Even though some of the troika’s technical teams are already in Athens, it will be very difficult for the […]

The 10am meeting between the Prime Minister Antonis Samaras and Evangelos Venizelos ended around noon, with the government Vice President commenting that “we have achieved huge accomplishments, which must lead to the recognition of the Greek people’s sacrifices and to a permanent exit from the situation the country is in”. The Prime Minister and the […]

The Minister of Finances Yannis Stournaras met with Prime Minister Antonis Samaras late on Thursday evening in order to discuss the upcoming arrival of the troika and the ongoing negotiations. According to Mr. Stournaras “the troika will arrive in the next few days. We are in touch with them. the goal is to finish up, […]

The Vice President of the European Parliament Otmar Karas and his team of auditors are scheduled to announce their findings regarding the implementation of troika policies on the EU member states that received bailouts. Mr. Karas, who is being accompanied by French MEP Liêm Hoang-Ngoc and representatives of the Committee on Economic and Monetary Affairs, […]

While SYRIZA appears to be going from strength to strength in the polls and appears able to challenge New Democracy in future elections, the coalition party’s factions are coming to major disagreements. The latest instance of internal strife came from Petros Lafazanis’ Left Platform, which published a number of observations entitled “SYRIZA’s dangerous ‘new ideas’” […]

The Eurogroup head Jeroen Dijsselbloem expressed his disappointment that the troika has not yet completed its review in Greece and stressed the need for the Greek government and troika negotiations to complete as soon as possible, so that the troika may return to Athens. Mr. Dijsselbloem noted that more work needed to be done before […]

The Minister of Finances Yannis Stournaras admitted that the ongoing negotiations with the troika are difficult, as he was leaving from Maximos Hall, where he met with the Prime Minister earlier this morning. Earlier in the day Mr. Stournaras updated Prime Minister Samaras on a number of matters he plans to discuss with Government Vice […]

The Prime Minister Antonis Samaras has arranged to meet with the Government Vice President Evangelos Venizelos on Friday, in order to discuss a number of pressing matters. As announced, at the top of the agenda will be the progress of the critical negotiations with the IMF, EU and ECB representatives, as well as the structural […]

The Minister of Finances Yannis Stournaras is expecting to face some hard questions by his colleagues at the upcoming Eurogroup session that is scheduled for the 27th of January, in order to convince the troika to return to Athens and complete its review. Earlier in the week the Dutch Finance Minister Jeroen Dijsselbloem, who is […]

The head of the Eurogroup Jeroen Dijsselbloem explained on international news agency Bloomberg that he was uncertain when the IMF, ECB and EU representatives would return to Greece for its next evaluation. The Dutch Finance Minister explained that the uncertainty was due to the Greek government’s procrastination with regards to the implementation of prior actions. […]

Even though the troika was originally expected to return to Athens around the 15th of January in order to resume talks with the Minister of Finances, it now appears that the trip to Athens has been postponed until the troika is certain that it will strike a deal for the disbursement of the IMF and […]

With the troika scheduled to return to Athens around the 15th of January, the Prime Minister is putting the pressure on his cabinet to carry out all necessary actions related to avoid any delays. After all, Greece has only completed about 65% of the 135 necessary actions, as outlined in the bailout and progress is […]

The Prime Minister Antonis Samaras has called a meeting with his financial staff in order to discuss, among other issues, the upcoming return of the IMF, EU and ECB representatives in mid January and the assumption of the EU presidency by Greece. Present at the 1pm meeting are the Minister of Finances Yannis Stournaras and […]

The EU, ECB and IMF representatives are expected to return to Greece around the 15th of January to continue the fourth review of the Greek economy that begun in September. The Ministry of Finances’ main goal will be to settle the 2 billion gap in measures deemed necessary to cover the 2014 fiscal gap, which […]

Even though the Prime Minister recently reiterated his intention to call elections in 2016, the recent expulsion of Byron Polydoras from New Democracy and the emergent discontent within PASOK, leave the coalition government faced with some hard choices to make over the holidays. Prime Minister Antonis Samaras believes that his coalition government’s slight majority in […]

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 […]