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Greece Business - Page 10

Greek parliament approves bailout deal

Prime Minister Alexis Tsipras' government secured approval early Thursday for legislation that will allow Greece to receive a financial lifeline from its international creditors. Lawmakers in Athens voted to accept stringent austerity measures demanded by the European Central Bank, eurozone governments and the International Monetary Fund in return for a nearly $100 billion rescue package. Approval means Greece will now quickly implement sweeping reforms to its pension system, raise taxes and aggressively sell off state assets. The bailout deal still needs to be approved by other eurozone parliaments, including Germany's, before it can be finalized. Ref. News.com.au

Business Greece

Greece: ministry, banks will not open on Monday after all:

"The Greek Finance Ministry and the Bank of Greece examine all possibilities and technical details so that banks can open as soon as possible," Says a finance ministry announcement, thereby negating previous reports that Greek banks will open on Monday. Ref. Source 7l

Greece Business History & Civil Business Politics

Yanis Varoufakis reveals covert plan to hack Greece finance ministry's software:

Former Greece finance minister Yanis Varoufakis has revealed he covertly planned to hack his own ministry's software to set up an alternate banking system as a back-up plan if the country was forced to leave the eurozone. Ref. Source 7c

Page 10 Business Greece

Greece was forced to accept 'recessionary' bailout deal - Tsipras :

Tsipras tried to defend Greece's €86 billion bailout deal with the international creditors, saying that Grexit was not a choice. It would have forced Athens into devaluation and going back to the IMF for support, he added. Ref. Source 5o

Business Greece

Greece's parliament approves third bailout

Draft approval for the $93 billion bailout package came early Friday after an all-night debate by lawmakers in Athens. Ref. Source 5u

Greece Business

Greece approves plan to transfer state utilities to new asset fund:

State assets, including water and electricity utilities, are to be transferred to a new asset fund created by international creditors. The plans have sparked demonstrations and public sector strikes across the country. Ref. Source 6g.

Greece Business - Page 10

Eurozone approves 2.8 billion euros in bailout funds for Greece:

Eurozone officials announced Tuesday they have approved 2.8 billion euros for Greece from its huge third bailout after the cash-strapped nation delivered the needed reforms. Ref. Source 1o.

Greece Business Politics Business Civil & History - Page 10

Well, the problem is our goverment. And that is not new, the last 40 years are the same. There is no concrete law and incentives for new busineses to operate in Greece. Literally, the laws change every other month.