Greece may make changes to the protected status of state employees in a constitutional review expected to start this year, Administration Minister Kyriakos Mitsotakis told lawmakers in parliament today.
Cyprus’s economic outlook remains subject to “significant risk” even after its economy contracted less than expected last year, debt monitors said at the end of a quarterly review of its adjustment program.
It’s almost a decade since crowds swarmed across the old Athens airport, which was transformed into one of the main venues for the 2004 Olympics. Now, stray dogs rather than athletes weave among the silent stadiums as a skeleton crew of security guards keeps watch.
The next handout to Greece may include extending the maturity on rescue loans to 50 years and cutting the interest rate on some previous aid by 50 basis points, according to two officials with knowledge of discussions being held by European autorities.
Leveraged-buyout firms led by billionaire Leon Black’s Apollo Global Management LLC, seeing fewer bargains in acquiring companies, are loading up on high- risk debt being abandoned by the world’s biggest banks.