"Things are looking a lot better for the country, after being one of the worst-hit by the European debt crisis and having to rely on 300 billion euros in foreign aid since 2010. Greece now runs a budget surplus and was upgraded last month by S&P Global Ratings to B+. While that is below investment grade, the rating boost combined with yields that are still among the euro area’s highest should help spur demand for a fresh bond offering.
#Greece expelled two Russian officials and barred entry of two others for attempting to interfere in Greek politics. We support Greece defending its sovereignty. #Russia must end its destabilizing behavior.
"A world apart stands a building already spoken for: A 19th-century gem in upmarket Kolonaki, gloriously restored by the Civil Servants’ Joint Stock Fund. Two New York art dealers have rented it as a gallery bringing international art to Athens.
“We want to be at the beginning of the rebirth of this city,” said French-born Eric Allouche. “It’s a bet, but … an emotional one too. So far, we had an excellent response.”
In a prime real estate area off Syntagma Square is a 2,600-square-meter listed building from 1955, the marble entrance reeking of urine. It’s still stuffed with a commerce fund’s paper files, metal office furniture and bound board meeting minutes — the mummified remains of Greek bureaucracy.
“It is a positive signal that the financial resources of Greece’s last bailout program have not been fully used up. Of the 86 billion euros provided, 62 billion euros were actually needed. This would have been unthinkable at the start of the aid programs for Greece eight years ago. However, Greece has made reforms and has to continue on its way,” Patrick Sensburg [German MP] explained.
[Barely mentioned in the NY Times article: the new, revised system of government now allows Erdogan to bypass parliamentary approval for a number of executive department functions, such as appointing vice-presidential positions.]