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Greece

Greece To Launch New 7-Year Bond, Says Public Debt Management Organization

Greece's Public Debt Management Organization issued an announcement on Monday notifying the Athens Stock Exchange that the country will soon be ready to launch a new seven-year bond. For this reason, the new leadership of the Finance ministry has already...

Greece's Public Debt on the Rise

Greece’s public debt reached €334.988 billion in the third quarter of 2018, an increase of €21.493 billion over that of the same quarter in 2017, the Greek National Statistical Authority (ELSTAT) said on Monday. The Greek statistical authority noted that...

German Press: Greece Will Likely Need Another 'Bailout' Due to High Debt

Due to its high public debt, it is doubtful whether Greece will make it on its own in the long run without new financial support, a report by Frankfurter Allgemeine Zeitung says. This report comes after a comment made by...

Varoufakis Says Debt Deal 'Extends Greek Bankruptcy into 2060'

Former Greek finance minister and one-time ally of Prime Minister Alexis Tsipras, Yanis Varoufakis, has claimed Greece's "bankruptcy" has been extended by five more decades. Varoufakis, now a founder of the DiEM25 movement, tweeted in aftermath of the Greek debt-relief...

Tsipras Dons Tie, Then Removes it in Symbolic Gesture on Greek Debt Deal

Greece's prime minister, Alexis Tsipras, celebrated the conclusion of a deal with Eurozone ministers on debt relief by addressing his cabinet officials wearing a necktie in public for the first time. In an event broadcast live on Greek public TV, Tsipras...

Debt Repayment Feasible if Greece 'Implements Reforms'

"If the government in Athens implements all the remaining reforms decisively, Greece can successfully emerge from the ESM program in August 2018," Klaus Regling, president of the European Stability Mechanism, has said. The ESM chief spoke at en event held...

OECD Says Greek Debt Repayments Must be Made Sustainable

Greece's "remarkable reform effort of the past two years" needs to be supported by steps to make its debt repayments sustainable, the head of the OECD said on Monday. Speaking in Athens during a high-level visit to unveil the 35-nation...

Greek Debt Rises in Third Quarter of 2017, Says Eurostat

Greece's public debt totaled 177.4 percent of GDP in the third quarter of 2017, up 1.3 percent compared with the second quarter of the year, but down 0.5 percent in comparison with the third quarter of 2016, Eurostat said...

Greece's Tax Office 'Raids' Bank Accounts of Debtors to the State

Greece's tax office has resorted to confiscations, auctions and criminal prosecutions in order to collect from debtors to the State, as outstanding debts are close to 4.75 billion euros in the first five months. Tax authorities carry out an average...

EU Says Greece Needs Additional Debt Relief

The EU says that Greece will need more debt relief in order to win the trust of investors, even though it’s likely to exit its rescue program with a 9 billion euro cash buffer, according to a Bloomberg report. According...

German FinMin Statement Exposes Greek PM's False Promise on Greek Debt

German Finance Minister Wolfgang Schaeuble said on Thursday that Greek Prime Minister Alexis Tsipras has not shifted the burden of austerity away from poorer Greeks as he had pledged. Schaeuble also said that Tsipras has appointed partisans in various...

"Clarity" on Greece's Debt Still Not that Clear: The Economist Conference (Videos)

Representatives of the Greek government, the Institutions and private investors all agreed that clarity is essential for Greece's economic recovery; however the term seems to be having different meanings according to who is using it. The only thing that's clear...

Tsipras: 'We are Striving for Better Solutions on the Debt'

The government's strategic target was for Greece to be able to borrow directly from the markets after the current programme ends in August 2018, Prime Minister Alexis Tsipras said on Wednesday. Regarding Greece's debt, the prime minister said the government...

Greek State Debt went up to €326.5 Bln

Greece's central government debt went up in 2017, from 326,258 billion euros in December to 326,528 billion in March, according to data released on Friday by the Public Debt Management Agency. The Greek government cash reserves stood at 2,908 billion euros...

PM Tsipras: Greece Ready to Legislate Reforms Depending on Debt Relief

During an interview with ANT1 television on Tuesday, Greek Prime Minister Alexis Tsipras underlined that Greece is willing to legislate the additional reforms demanded by its lenders but implementing them in 2019 and 2020 depends on securing further debt...