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Tsipras: Government to distribute 1.4 bln euros in one-off handouts this December

Tsipras: Government to distribute 1.4 bln euros in one-off handouts this December

The government will distribute one-off welfare benefits totaling 1.4 billion euros, more than double that paid out last year (600 million euros), which was made possible by the economy’s outperformance, Prime Minister Alexis Tsipras said in a televised address on Monday night.

The social groups eligible for the benefit

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EU Commission report praises Greece’s implementation of ESM bailout programme

EU Commission report praises Greece’s implementation of ESM bailout programme

The European Commission has praised Greece’s implementation of the European Stability Mechanism (ESM) programme in its 187-page background report on the first and second reviews of the programme released on Monday.

The report noted that Greece has made significant reform efforts across all policy areas during the first

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Kammenos: Greece could benefit greatly from signing of EU defence cooperation deal

Kammenos: Greece could benefit greatly from signing of EU defence cooperation deal

Greece will benefit greatly from the deeper EU defence cooperation signed during the Foreign Affairs and Defence Council in Brussels on Monday, Defence Minister Panos Kammenos said after the meeting.

Twenty-three of the EU’s 28 member nations signed up to launch the Permanent Structured Cooperation of the EU, or PESCO, which will be backed by the E

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Kammenos: Greece could benefit greatly from signing of EU defence cooperation deal

Kammenos: Greece could benefit greatly from signing of EU defence cooperation deal

Greece will benefit greatly from the deeper EU defence cooperation signed during the Foreign Affairs and Defence Council in Brussels on Monday, Defence Minister Panos Kammenos said after the meeting.

Twenty-three of the EU’s 28 member nations signed up to launch the Permanent Structured Cooperation of the EU, or PESCO, which will be backed by the E

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Greek banks cut borrowing from the Eurosystem in October

Greek banks cut borrowing from the Eurosystem in October

Greek banks cut their dependence on the Eurosystem to 37.3 billion euros in October, from 41.7 billion in September, the Bank of Greece said on Monday.

The central bank, in its monthly financial report, said that this development reflected an increase in borrowing by the European Central Bank to 14.6 billion euros in October, from 13.2 billion in

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Dragasakis: ‘The conditions for passing to the post-memorandum phase are present’

Dragasakis: ‘The conditions for passing to the post-memorandum phase are present’

“The historic cycle of memoranda and harsh supervision is coming to an end,” government Vice President Yiannis Dragasakis said, delivering the opening speech at a two-day conference on the development of Eastern Macedonia-Thrace in Komotini on Monday.

“Both the negotiations with the creditors and developments in the real economy indicate that the c

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