Visco: "With Mes there is no troika"
The governor of the Bank of Italy spoke at the Trento Economy Festival: here are the salient points of his speech.
Greece says goodbye to the Troika: ok to cut the debt
After eight years, Greece regains its financial sovereignty - Ok from the Eurogroup to the 10-year extension of loan maturities - Checks every six months on public finances: if Athens respects the agreements, it will receive 600 million every six months.
Italexit, Troika, Greece, Argentina: how many ghosts among us
From "THE RED AND THE BLACK" by ALESSANDRO FUGNOLI, Kairos' strategist - Many nightmares disturb the Italians after the birth of the new government and agitate the markets but "no one, if reasonable, will want to go as far as breaking in time…
Greece, the Troika returns: "Not just austerity"
There is still no political agreement, but Dijsselbloem assures: "Together with the Greek rulers, the creditors' representatives will work on a further package of measures, adopting a change in economic policy with less emphasis on budget austerity and greater…
Greece, the Germans want to buy 14 airports in the main Greek islands
From Crete to Santorini, from Mykonos to Thessaloniki: 14 Greek airports, mainly on the islands, are in the sights of Fraport, the German company that manages Frankfurt airport, which proposes to buy them in the framework of the privatizations of the Tsipras government -…
Greece, one eye on the Stock Exchange and the other on the Troika
Great curiosity for today's reopening of the Athens Stock Exchange after a 5-week hiatus: it is a sign that the most acute phase of the Greek crisis has been overcome - Meanwhile, talks have resumed between the Tsipras government and…
GREECE AND EUROPE – Negotiations still in the balance: Greece niche on the Guarantee Fund and the IMF
A whole night of negotiations was not enough to reach an agreement on Greece in the Eurosummit which is now suspended pending the final consultations - Two points on which Greece shows its disagreement: the involvement of the Fund…
Greece, Varoufakis: we are negotiating with the EU, the ECB and the IMF, but not with the Troika
The Syriza-branded government "was elected aiming to question the European aid program".
Stock market, Athens collapses after Varoufakis nomination
Economist and fierce opponent of "hateful debt", Varoufakis has been the mouthpiece of the anti-austerity front in recent months - Now it will be his turn to negotiate the revision of the agreements with the Troika.
Greece has a government: agreement between Syriza and the anti-austerity right
Tsipras signs an agreement with Amel, a centre-right party - The two formations, politically polar opposites, are united by the objective of fighting against the austerity imposed by the Troika - Syriza won 36,36% of the votes, equal to 149 seats, only two…
The rescue of the banks and the MPS boom relaunch Piazza Affari (+3,69%), the pink jersey of Europe
The clear recovery of bank stocks, led by Mps which gains more than 12% in a single session, restores the shine to Piazza Affari which records a rise of 3,69% and becomes the best stock exchange in Europe - Enel and…
ECB: loans to Greece only with Troika consent
"The continuation of the granting of loans - says a spokesman - is based on the technical extension of the EFSF aid program until 2015 and on the existence of an IMF programme".
Greece: GDP rises, but beware of comparisons
In the third quarter, Greek growth was the highest in the Eurozone (+0,7%), but the comparison with other countries can be misleading - Meanwhile, the Samaras government is pressing to exit the IMF aid program early .
A part of the establishment is now firing zero on Renzi but after him there is only the Troika
From the unions to the minority of the Democratic Party, from the "Corriere della sera" to Scalfari, from the bishops to pieces of the judiciary, bureaucracy and entrepreneurship to Della Valle, the crossfire against Renzi is growing day by day even if the polls…
EU spokesman Katainen: "No Troika risk for Italy"
"For Italy there is no risk of the Troika. I can say that nobody here in Brussels is talking about this hypothesis, it is something that you only read in the Italian newspapers": said the spokesman of the European commissioner…
Renzi to Draghi: "I decide on the reforms, not the ECB, the EU or the Troika"
The Prime Minister replies to the proposal of the head of the ECB, who had asked the Eurozone countries to cede sovereignty in terms of structural reforms: "Italy needs reforms - says Renzi in an interview with the Financial Times -…
EU, Juncker: "More flexibility, investment plan ready". And attack the Troika
Jean Claude Juncker illustrated his political program in Strasbourg and also indicated that the public and private investment plan to support economic growth must be ready by mid-February.
EU, Juncker: "Troika overcome, the Commissioner for the Economy will be a socialist"
The representative of the European People's Party spoke thus during the meeting with the Socialists & Democrats parliamentary group, held in the morning in Brussels.
The European Parliament's criticisms of the Troika repropose the austerity-growth dilemma
The European Parliament reproaches the Troika (EU, ECB, IMF) with overly austere economic recipes against the crisis which have ended up damaging the four countries (Greece, Cyprus, Ireland and Portugal) which have received aid and which have also proved to be counterproductive for the Italy that…
Ireland exits the Troika bailout plan, is the first European country
Dublin has achieved the final targets set by the aid programme: the Government forecasts that the economy will grow by 2% in 2014, while the unemployment rate is back below 13%, from the peak of 15,1% in 2012 - The Ireland is…
Cyprus, troika underlines risks of bailout programme
The latest report by international creditors, the so-called troika, states that Cyprus has achieved important progress but that this does not mean that many risks remain for the Mediterranean country
Cyprus: the Troika arrives today, but optimism prevails in Nicosia
Representatives of the Troika (EU, ECB, IMF) are expected on the island today to assess progress in the recovery process undertaken by Cyprus in return for the aid received.
Greece-Troika, agreement on measures for new aid
According to the report drawn up by the ECB, the EU and the IMF, Greece, despite some delays, has shown important progress in implementing the reforms necessary to respect the conditions of the bailout plan - Today the Eurogroup pronounces itself on the unblocking of…
Cyprus, old solutions for new problems?
SACE's Economic Analysis and Research Office dedicates the new issue of Focus On to the Cyprus bailout, analyzing its timing and methods and hypothesizing future scenarios for the European Monetary Union.
Greece, more aid coming from the troika
Greece is respecting the debt reduction and sustainability program and should return to growth next year - Satisfied with the troika: "The fiscal performance is in line with the programmed targets".
Cyprus, the troika grants one more year for a balanced budget
The troika has given Cyprus until 2017, one year longer than previously planned, to reach a budget surplus of 4%.
Cucchiani: "With a prolonged political deadlock we risk the intervention of the Troika"
The banker stressed that such a choice would not be justified from the point of view of Italy's macroeconomic fundamentals - As for the Cyprus case, Cucchiani believes that the story is "dimensionally circumscribed. We are paying too much attention to it. The risk…
Greece-Troika: stalemate, clash over public dismissals
The representatives of the EU, the IMF and the ECB have left Athens, postponing any decision until next month - Sources close to Athens speak of differences on layoffs in the public sector.
Troika report: 'Athens needs more time and more money'
The Troika report estimates that, in addition to those already allocated, Greece will need new aid for 14 billion in 2014 and 17,6 in the following two years - One hypothesis is to grant a two-year derogation, but…
Greece-Troika, pension reform "unconstitutional": the aid agreement is at risk
The Hellenic Court of Auditors has warned that the pension reform imposed by the Troika could be unconstitutional - The Parliament will vote on the law next week - Yet another obstacle along the road of the agreement to unlock the next tranche of…
Greece, Berlin: Athens-Troika agreement only on the November hole
According to the Berlin Executive, there are still many problems to be solved in the negotiations between the Greek Government and the Troika - The only possible agreement, at the moment, is on a bridging loan to close the 13,5 billion hole that…
Greece: Government revises estimates downwards, 2013 GDP -4,5%
It will be the sixth consecutive year of recession - The public deficit estimate for 2013 has also been revised, growing to 5,2% of GDP, compared to 4,2% in the last forecast - And the European Commission denies Prime Minister Samaras: "Agreement …
Greece, Samaras: "Agreement reached with Troika for new tranche of aid"
After a long negotiation the Greek Prime Minister Antonis Samars has announced that Athens has reached an agreement with the Troika - A new plan of cuts in exchange for a further tranche of aid - Samaras' appeal to the Parliament:…
The agreement on Greece is good for the stock exchanges: Piazza Affari closes up 0,82%
The agreement between the troika and the government of Athens which gives Greece two more years to meet the budget targets invigorates the stock markets: Piazza Affari closes up by 0,82 percent - Good news…
Greece-Troika, there is an agreement on reforms
The agreement between the Greek government and the technicians of the EU, the ECB and the IMF is essential to unblock the new 31,5 billion tranche of aid in favor of Athens, which risks running out of liquidity as early as the end of November -…
Greece: positive bond auction, but the Troika wants more
The Treasury of Athens has placed quarterly bonds for 1,625 billion euros with an interest rate of 4,24%, down slightly - Meanwhile, negotiations continue with the Troika for the package of cuts that would allow the country to…
The Troika in Athens to approve austerity. In 2013 the GDP will go down again
The Finance Minister is meeting today with representatives of the Monetary Fund, the EU Commission and the ECB to obtain the go-ahead for the 13,5 billion austerity package developed by the Greek government and thus receive the tranche…
Greece, troika divided on bailout
The International Monetary Fund is pushing for the restructuring of the Greek debt in the hands of European countries, while the EU and the ECB would like to give the government of Antonis Samaras more time to apply the austerity measures - This explains the recent…
Greece, Spiegel: the debt hole doubles, it is 20 billion
This is the result of the analyzes carried out in Athens by the technicians of the Troika (ECB, EU and IMF) - Prime Minister Samaras is asking for another debt cut and a two-year extension to get the accounts back on track - Clash…
Greece: parties at war over cuts, Troika rejects part of the measures
The Greek political leaders will meet on Wednesday 12 September to try to settle the differences on the cuts in pensions and social benefits - Today Prime Minister Samaras receives the Troika, which has already rejected part of the package from…
Greece, EU: Troika report may be postponed to October
The verdict of the EU, IMF and ECB inspectors (who will arrive in the Greek capital between 5 and 6 September) was initially expected for the end of next month, in time for the Eurogroup meeting on 8 October - The report depends…
Greece, the Troika decides between Merkel and Hollande
This evening in Berlin the two European heads of state will meet to discuss the possibility of giving Athens more time to fulfill its commitments - But yesterday Juncker reiterated that no…
Cyprus, for the Troika the situation is worse than expected
The eastern Mediterranean island risks needing more than the 10 billion euros previously estimated - The Troika fears the banks' strong exposure to the Greek crisis and the difficult internal fiscal imbalances.
Spain denies the hypothesis of a 300 billion bailout: "It is not foreseen"
"There will be no bailout, it is not foreseen": said the Spanish government in relation to rumors cited by Reuters on a 300 billion plan that the Iberian economy minister Luis De Guindos would have discussed with the…
Greece, the Troika agrees with Athens another 11,6 billion in cuts for the release of aid
IMF, EU and ECB have agreed with the Greek government on a new austerity measure for 11,6 billion in 2013 and 2014 - The details will be presented today by Prime Minister Samaras to the other political parties - A…
Greece, the troika is back: Samaras wants to renegotiate aid
The new finance minister, Yannis Stournaras, was sworn in just in time to participate in the start of the new negotiations - The European authorities and some countries in the euro area are willing to lighten the scope of the measures, at least over time…
EU, Schaeuble: troika checks also in Spain, but only for the banking sector
Just like Greece and all the other countries that have asked for and received aid from the European Union, Spain too will have to submit to the controls of the "troika": the finance minister of Germany, Wolfgang Schaeuble, stated clearly…
Portugal promoted, troika approves new tranche of aid
The technicians of the European Commission, the ECB and the International Monetary Fund have positively judged the country's progress, unblocking the payment of the fourth tranche of aid, equal to 4,1 billion euros.
Troika aid, now Spain is at risk: it could be the fourth country in the eurozone to need it
After Ireland, Portugal and Greece, the Iberian country is now at risk of needing aid, according to the analysis by Willem Buiter of Citigroup - If Madrid expects a 1,7% GDP recession this year, according to Citi instead it will be 2,7%.