Greek government-debt crisis

Greece would have plunged into economic chaos had the country exited the Eurozone during bailout negotiations with lenders in the previous decade, Bank of Greece governor Yannis Stournaras has told SKAI radio in Athens. 

The country "would have ended up like Syria had it exited the Eurozone," Stournaras told the radio station during an interview. 

1. New Building Code

The insatiable lust for more height

National Economy and Finance Minister Kostis Hatzidakis has signed the decision for the absorption of the Hellenic Republic Asset Development Fund (TAIPED) by the Growthfund.

The decision also provides for the abolition of the Hellenic Financial Stability Fund (HFSF), which helped stabilize the credit market during the decade-long financial crisis. 

On Tuesday, December 31, Greece will auction 13-week treasury bills, in book entry form, with maturity April 4, 2025. 

The amount to be auctioned is 500 million euros, the Public Debt Management Agency (PDMA) said on Friday. 

The settlement date is January 3, 2025, and only primary dealers are allowed to participate, according to their operation regulations.

A 9.5 million euro contract was signed Monday to restore Volos Port in Thessaly, which was heavily damaged by storms Daniel and Elias in September last year.

The project focuses on dredging and removing sediment to restore safe and efficient operations.

The most interesting thing to emerge from Wednesday's MRB poll is insight into what citizens consider the country's biggest problems, which should also be of concern to the government.

Domestic structural weaknesses, some of which pre-date the debt crisis and remain, were the focus of the interim Monetary Policy Report by Bank of Greece Governor Yannis Stournaras on Friday, which pointed out that while there are successes and the economy is on the right track, the effort is not complete.

The Infrastructure and Transport Ministry bill titled "Restructuring the Railway Sector and Strengthening Transport Regulatory Bodies" was passed in principle by the parliamentary plenary with 157 votes in favor, 133 against, and one abstention.

ND closes 2024 with poll gains in the aftermath of the 2025 budget debate and raises its lead over PASOK in the vote estimate to 13 points – 30% versus 17% – according to the results of the Pulse poll presented on Sky’s main newscast.

The Hellenic Foundation for European and Foreign Policy (ELIAMEP) has announced the addition of four new members to its board of directors.