Monthly Archives: June, 2015
Greece Defaults on International Obligations; IMF Statement
Greece has missed its June deadline to pay €1.6 billion to the IMF, becoming the first developed country to default on its international obligations.
Mr....
Fitch Downgrades Greece Further to 'CC'
Fitch Ratings has downgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to 'CC' from 'CCC'. The issue ratings...
EFSF Announces End of Greek Bailout Programme; Greece on its Own
The European Financial Stability Facility (EFSF) just released a statement announcing the end of its financial assistance to Greece. After the end of the...
Eurogroup: Greek Program Extension and Debt Restructuring Rejected
Tuesday evening’s urgent Eurogroup teleconference resulted in the arrangement of another conference for Wednesday, July 1, at 11.30 am Central European Time.
The meeting was scheduled...
Greece Offered to Conditionally Suspend Referendum: Reports
Greece has offered to suspend its planned referendum said Malta's Prime Minister Joseph Muscat according to a report by the Times of Malta.
"They are...
Greek Main Opposition Leader Suggests Voting ‘Yes’ in Referendum
As Greece and the Eurozone face a week of political and financial turmoil after Greek Prime Minister Alexis Tsipras' sudden announcement of a July 5...
Eurogroup Concludes Meeting; Juncker Says Big Things Happening
The critical Eurogroup teleconference on Greece has ended. The finance ministers of the Eurozone decided to reject a call by Greek PM Tsipras to...
Euclid Tsakalotos: 'Institutions' Greater Flexibility Would Be A Great Idea'
Greece's Alternate Minister for International Economic Relations Euclid Tsakalotos presented on Tuesday his own version of what caused the breakdown in talks between Greece and creditors.
According...
British Man Starts Crowdfunding Campaign for Greece
With Greece going through a hectic series of days that included referendum announcements, capital controls and bailout package expirations, a new campaign has been launched by...
Turkish PM: 'We Are Ready to Help Greece'
"We are ready to help Greece survive its economic crisis with cooperation in tourism, energy, trade," Turkish Prime Minister Ahmet Davutoğlu said on Tuesday...