Naftemporiki

George Tsunis: Greece and the U.S. should become a “beacon of opportunities”

At the conclusion of the 3rd Economic Conference of Naftemporiki, U.S. Ambassador to Greece, George Tsunis, delivered a touching and message-filled speech. He emphasized the principles of democracy, self-determination, and equal opportunities, expressing his desire for Greece and the U.S.

Tsakalotos says Greece will ease capital controls 'very soon'

Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said on Saturday.

"We will have new easing (of capital controls) very soon," Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when.

Euro officials reject Moscovici's 'flexibility'

Not everyone in the European corridors of power agrees with the "flexible" viewpoint of Commissioner for Economic and Monetary Affairs Pierre Moscovici on Greece meeting its pledges: In interviews on Wednesday the heads of the European Stability Mechanism and the Eurogroup were adamant that Greece must continue on the reform path and not go back on its promises.

ECB official calls for precautionary credit line with 'strict and effective' conditions

The ECB's mission chief in Greece, Francesco Drudi, has called for a precautionary credit line "with strict and effective" conditions to make sure that Greece sticks to sound policies after exiting the bailout program this summer, adding that a credit line would help prevent volatility in bank deposits.