Greece

Results for Greece

Greek Leader Promises Cuts in Oil and Income Taxes

Prime Minister Antonis Samaras announced tax reductions on Saturday in a bid to appeal to Greeks weary of four years of austerity that have cut living standards and to gain political capital as the opposition pushes for early general elections, the Int ...

Daily Headline - global.abi.org - 09/07/2014 - 21:40 - 0 comments

Ailing Fish Farmer Shows Gaps in Greek Bankruptcy Regime

In the decade before Greece's debt crisis, businessman Aristides Belles rode a wave of acquisitions to turn his company, Nireus Aquaculture SA, into one of the largest fish farmers in the world—a staple of supermarket shelves across Europe, The Wa ...

Daily Headline - global.abi.org - 08/21/2014 - 22:47 - 0 comments

Greece To Offer Law On Restructuring Bad Loans Next Month

Greece’s government will draft a new legal framework by early September for restructuring non-performing loans, Development Minister Nikolaos Dendias said. The issue is a “top priority” for the ministry and the government, Dendias told reporters in Athen ...

Daily Headline - global.abi.org - 08/14/2014 - 21:14 - 0 comments

Athens Wants ECB Stress Tests To Factor In Banks' Restructuring Plans

Greece wants the European Central Bank's health checks on its four biggest banks later this year to take account of their new restructuring plans rather than being based on last year's balance sheet data alone, a Greek finance ministry official ...

Daily Headline - global.abi.org - 07/28/2014 - 20:26 - 0 comments

Greece Seen Needing Third Bailout as Bonds Insufficient

Greece’s return to bond markets after a four-year exile hasn’t convinced economists it can avoid a third bailout. Six out of 10 economists in a Bloomberg News survey said Greece will need to top up the 240 billion euros ($325 billion) of loans received f ...

Daily Headline - global.abi.org - 07/20/2014 - 17:49 - 0 comments

Greece Beats Primary Budget Target

Greece has beaten its target for its primary budget surplus for the first six months of the year, data from the Finance Ministry showed Monday, The Wall Street Journal reported. In a statement, the ministry said the primary budget surplus, which does ...

Daily Headline - global.abi.org - 07/14/2014 - 19:55 - 0 comments

Greek Jobless Rate Still Over 27%

government and its international creditors forecasting an annual expansion rate of 0.6% this year. Read ...

Daily Headline - global.abi.org - 07/10/2014 - 23:04 - 0 comments

Greece Resists Troika on Third Bailout as Draghi Protests Delays

Greece fought off calls to consider a third bailout as European Central Bank President Mario Draghi warned that the pace of economic fixes is slowing, officials said after euro-area finance ministers met yesterday, Bloomberg News reported. Greece has rul ...

Daily Headline - global.abi.org - 07/07/2014 - 23:07 - 0 comments

Selonda Aquaculture Forced To Go Into Receivership

Thirty-three years after its foundation and having been one of the Greek fish-farming sector’s biggest players, Selonda Aquaculture SA is about to pass into the hands of its creditors, ekathimerini.com reported. After months of negotiations with banks an ...

Daily Headline - global.abi.org - 07/02/2014 - 23:10 - 0 comments

Eurozone to Veto Core Program Changes

Greece’s creditors will not accept any changes to the core of the country’s streamlining program, only limited peripheral fine-tuning, as is the case during every assessment of the program, according to a top eurozone official in Brussels, ekathimerini.c ...

Daily Headline - global.abi.org - 06/16/2014 - 22:30 - 0 comments

Syndicate content