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European Council head rejects Greek request for extraordinary EU summit The European Council head, Mr. Tusk, rejected Greeces demand for an emergency EU leaders summit, arguing that finance officials need to resume talks and reach an agreement on reforms within days. Eurogroup head leaves open room for an Eurogroup next week or week after.

Government spokeswoman accused IMF that is pressing demands outside Greeces bailout agreement

Gerovasili stated that the IMF is pressing demands which are outside Greeces bailout agreement.

Greek market ends down

Athens Stock Exchange ends lower on Wednesday, on higher volumes as Greece appears failing to resolve disagreements with its creditors took its toll on Greek equities.
BUSINESS

Apple revenue shows first fall in 13 years

Apple revenue shows first fall in 13 yearsUS technology giant Apple has reported its first drop in quarterly revenue in more than a decade. Flagging iPhone sales are putting pressure on the worlds most valuable public company.
NEWS

Saudi economic reform plan unveiled

Saudi economic reform plan unveiledSaudi Arabias deputy crown prince has announced a sweeping economic reform plan for the kingdom. The effort prmarily aims at using oil revenues to build a huge global investment fund and ensure diversification.
All news
 

Greek bank deposits down in March

According to the latest data released by Bank of Greece.

Social security, pension reform bill approved in parliamentary committees

With the votes of SYRIZA and ANEL, while all the opposition parties voted against it.

Greek government agrees in principle with creditors on pension reform

Mission chiefs left Athens yesterday, talks to continue at a technical level.

Ecumenical Patriarch Bartholomew and Pope Francis programme in Mytilene

hey will visit Lesvos, in an effort to raise the awareness of the international public opinion on the refugee issue.

Greece raised 813m through 13-week T-Bills at 2.7% yield

The PDMA had accepted a total of EUR1.3bn.

Tsipras: Review of Greeces programme can be done by Easter

"Greeks had shown humanity and solidarity to those in need".

OPEC members fail to agree on production freeze

Tehran will not participate in an output cap agreement to stabilize oil prices, said Irans oil minister.

The journey of the Olympic Flame for Rio de Janeiro begins

Humanity is called to redefine its universal values.

Extra measures to bridge future gaps and anchor IMF

Ahead of the April 22 Eurogroup.
ARTICLE
The mystery of the missing Greek exports

The mystery of the missing Greek exports

Six years after the Greek government first lost market access and 4 years after the biggest sovereign default ever the Greek economy is still in the doldrums and the Greek government continues to squabble with its creditors about the details of its budget.
INTERVIEW
Jens Bastian: Damage repair mode is still in operation from the catastrophic 8 months of 2015

Jens Bastian: Damage repair mode is still in operation from the catastrophic 8 months of 2015

The economist and former member of the EU Commissions Task Force for Greece talks to Capital.gr about the underpinnings of the negotiation for the review, the prospects of the new bailout, and the mistakes made both from the greek authorities and the creditors.
ECONOMY
IMF expects 2016e Greek GDP contraction of 0.6% y-o-y

IMF expects 2016e Greek GDP contraction of 0.6% y-o-y

The IMF also expects Greeces unemployment rate to remain unchanged y-o-y in 2016e to 25.0% (from 27.1% previously) before falling to 23.4% in 2017e, while it now expects CPI to average -0.2% in 2016e (from 0.0% previously) and -0.3% in 2017e.

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