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Institutions

Institutions Present Draft Agreement to Athens as Negotiations Continue

On Sunday representatives of Greece's creditors presented the government with a draft agreement for completing the second review. According to a Greek finance ministry official, this included some "open issues" on which staff-level negotiations were continuing. The biggest differences between the...

Greece's Creditors Set to Return to Athens in Mid-November

The missions of the institutions will return to Athens in mid-November, with "all sides committed to finalizing the negotiations for the second review of the European Stability Mechanism (ESM) program as soon as possible," European Commission spokesperson Annika Breidthardt...

Bad Loans Legislation After 'Complex' Consultations Between Institutions and Greek Authorities

Greece's legislation on bad loans is a result of "complex" consultations between the institutions and the Greek Authorities, European Commission spokesman Margaritis Schinas said on Monday. During a press briefing in Brussels, Schinas was asked to comment on reports according...

Juncker: IMF 's Demand for Contingency Measures Is 'Unreasonable and Unconstitutional'

The specific contingency measures demanded from Greece by its creditors are unreasonable and unconstitutional, European Commission chief Jean-Claude Juncker said on Wednesday, according to a report by German MNI agency. Quoting unnamed sources, the agency said European Commission's VP Valdis...

‘Best Case Scenario’ Is to Clinch Deal Between Greece and Institutions Next Week, Says Official

The “best case scenario” is for Greece and the institutions to converge significantly until next Friday’s Eurogroup, so that the latter can return to Athens immediately after the meeting and reach an agreement on a technical level on an...

Dombrovskis: Greece and Institutions Can Conclude First Review 'in a Very Short Time'

Greece and the institutions are close to a conclusion of the Greek review, European Commission Vice President for the Euro Valdis Dombrovskis said during a press conference on Tuesday. The Commissioner had been asked whether a staff level agreement...

FinMin Tsakalotos Meets With Institutions on Taxation, New Talks on Saturday

A meeting between Greek Finance Minister Euclid Tsakalotos, Alternate Finance Minister Giorgos Chouliarakis with the heads of the quartet of institutions ended on Thursday evening, with the two sides discussing the changes in the system of taxation. According to a...

Technical Teams from the Institutions Return to Athens on Monday

The Greek authorities have made significant “improvements” to reform proposals in order to accommodate the wishes of the country’s lenders. Technical teams from the “institutions” will return to Athens on Monday, according to sources from the Greek Ministry of...

Dombrovskis: Talks Between Institutions And Greek govt 'Constructive'

Talks that began this week between Greek authorities and the representatives of institutional creditors on a review of Greece's programme were "constructive," European Commission Vice-President Valdis Dombrovskis said in a press conference. He noted that there was progress on "all...

Greek PM Tsipras: 'February Is a Critical Month'

"The government will be ready for the institutional evaluation", Greek Prime Minister Alexis Tsipras said on Thursday during a brief discussion with reporters at Maximos Mansion. The prime minister noted that February will be a critical month as "the issues of...