Giorgos Houliarakis

Patience of creditors seems to be wearing thin

European Commissioner for Economic and Financial Affairs Pierre Moscovici demonstrated on Monday that the post-program patience of Greece's creditors regarding Athens's delays and backtracking on points agreed has limits. Asked whether Greece will collect eurozone central banks' earnings from Greek bond holdings, he pointed to the compliance report on February 27.

Court rulings could set off fiscal bomb

The government and its creditors can hear a fiscal bomb ticking, as estimates put the impact of possible court decisions on retroactive compensation for cuts to the incomes of civil servants and pensioners at as much as 29 billion euros.

The creditors have asked the government to explain its contingency plans during next week's visit by their inspectors.

Rulings could set off fiscal bomb

The government and its creditors can hear a fiscal bomb ticking, as estimates put the impact of possible court decisions on retroactive compensation for cuts to the incomes of civil servants and pensioners at as much as 29 billion euros.

The creditors have asked the government to explain its contingency plans during next week's visit by their inspectors.

State's debts head higher in October

The Greek state's debts to its suppliers keep rising, as it creates 2 euros in new debt for each euro it repays, according to data released on Wednesday by the State General Accounting Office.

The figures showed that the state paid off dues of 82.1 million euros in October, while creating 164 million euros of new debt.

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