Bloomberg reporter covering Greek economy, banks, politics, serious stuff. Views my own and retweets are probably the baby eating the phone.

Apocalypse Delayed in Europe on Brexit Tale of Two Economies

bloomberg.com — The euro-area is shaking off the divorce. Economic confidence in the 19-nation region unexpectedly rose this month, indicating the immediate impact of Britain's vote to leave the European Union may be muted. The same may not be true in the U.K.

Greek Business Awaits Arrears Pay Down After Tax Squeeze: Chart

bloomberg.com — Greece's anticipated bailout loan disbursement this month will allow it to chip away at the 6.7 billion euros ($7.6 billion) of arrears to the private sector that had build up by the end of April.

In Greece’s Economic War of Attrition, Tsipras Counts on Peace

bloomberg.com — From street protests and collapsing governments to eleventh-hour deals and financial lifelines, Greece has gotten used to lurching from crisis to crisis during its endless economic meltdown.

Greece Running Out of Time for Quick ECB Waiver Reinstatement

bloomberg.com — Greece may be running out of time if it wants to restore regular European Central Bank refinancing lines for its banks as soon as this week. The ECB's Governing Council, meeting in Vienna on Thursday, will reinstate a waiver on the country's junk-rated debt only if auditors representing creditor institutions notify it of an agreement with the government on all pending prior actions, according to a Greek official.

Greece’s Financial Odyssey

bloomberg.com — Greece fought austerity and austerity won. When Alexis Tsipras, the brash young leader of a left-wing party, became prime minister in January 2015, he vowed to undo the economic medicine that shrank the country's economy by a quarter, saw more than a million jobs disappear and drove thousands of Greeks below the poverty line.

QuickTake Q&A: Balancing Relief for Greece With Payment Demands

bloomberg.com — Once again, the euro area and the International Monetary Fund are wrestling with how to get Greece to pay what it owes without crushing the economy. The country's creditors reached a deal Wednesday to keep the current bailout program -- the third since 2010 -- flowing, while putting aside the thornier issue of how much to ease the burden.

Euro-Area Industrial Production Unexpectedly Drops in March

bloomberg.com — Industrial production in the euro area ended the first quarter with a second monthly drop, weakened by falling output in consumer goods and capital goods. Output declined 0.8 percent in March from February, the Eurostat statistics office in Luxembourg said on Thursday.

Greeks Leery of Debt-Relief Talks as They Brace for New Tax Wave

bloomberg.com — Ioannis Plotas doesn't share his prime minister's belief that the start of debt-relief discussions on Monday is a step forward for Greece. Rather, the 52-year-old is worried that the latest hikes in income tax and social security contributions passed by Greek lawmakers on Sunday to appease creditors will drive the dry cleaning shop he runs with his sister in central Athens out of business.

ECB Said to Consider Putting New Greek Waiver on June Agenda

bloomberg.com — The European Central Bank could discuss restoring Greek banks' access to its refinancing lines as soon as their June 2 policy meeting, people familiar with the matter said. A new waiver on Greece's junk-rated debt will probably be proposed by the ECB board once a staff-level agreement between the government and auditors representing creditor institutions is reached, the people said, asking not to be named as the matter is confidential.

Europe's Rosy Budget Outlook Tries to Tame Greek Debt: Chart

bloomberg.com — Greece's European creditor institutions presented their first debt-relief proposals to euro-area finance ministers on Monday, according to a copy of the document obtained by Bloomberg News. The baseline scenario of the analysis assumes a primary surplus before interest payments for decades to come, a situation that International Monetary Fund Managing Director Christine Lagarde has described as a "far-fetched fantasy."
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Jul 27, 2016

Conspicuous iPad use - does Dragasakis spend his own tweets?

Jul 27, 2016

@Sport_Witness €40m + £1? And miss a chance to get him on the cheap at €40m + €1? I don't think so

Jul 26, 2016

@damomac Dendias rushing to his boss's defence emphasized several times that he was in exile, unbaptized! #thehorror

Jul 25, 2016

So Brexit plan, current status: strike up trade deal with Alpha Centauri?


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