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Euro-area reforms will reinforce fiscal consolidation

Location:

EU

The reforms would allow the ESM, which provides emergency loans to distressed member states, to offer greater assistance to banks and enhance its capacity to design and implement…

Greece and lenders will agree on bailout exit in June

Location:

GREECE

The debt relief issue was pushed to “the end of the programme”, although it was not made clear whether this might mean before or after its August 20 conclusion. The latest…

EU recovery deal offers hope for stability

Location:

EU

The recovery fund will consist of loans worth EUR360bn and grants worth EUR390bn that will be financed by European Commission borrowing. The main objective is to provide…

ECB liquidity may bring Greece a modest relief

Location:

GREECE

The tranche will meet debt repayments falling due until end-2016. The prospect has been held out of debt restructuring if programme commitments are fulfilled. The IMF, which has…

New Greek government right or left will undo austerity

Location:

GREECE

The Syriza government, trailing by a margin of around 10 percentage points (pp), has abandoned its commitment to creditors to reduce pensions and taxes in exchange for debt relief…

Macedonian deal could upset Greece’s bailout exit

Location:

GREECE

This is almost certainly the last Eurogroup before Greece’s third economic adjustment programme terminates on August 20. Both sides seek an orderly phase-out so that what has…

Poland's economic outlook will be uncertain under PiS

Location:

POLAND

Amid an ongoing constitutional crisis, the Law and Justice (PiS) government, which was sworn into office on November 16, has been busy revising fiscal targets and agreeing draft…

Greece’s Syriza may lose 2019 vote to come back later

Location:

GREECE

The minority Syriza government has declared its intention to row back from tax and pension reforms to regain popularity ahead of the upcoming polls and the autumn national…

Growth may accelerate under new Slovak government

Location:

SLOVAKIA

The governing coalition has a comfortable parliamentary majority, but faces gathering concerns over Prime Minister Robert Fico's health, teachers' protests over wages and…