Greece

Eurozone lenders will put together a debt-relief deal for Greece that will be credible to markets and involve a rescheduling of loans from the second Greek bailout, said Mario Centeno, chairman of the eurozone finance ministers' group, according to...

International Monetary Fund spokesman Gerry Rice expressed the Fund's willingness to work with Greece's European partners for a solution that will credibly reduce the country's debt, and lead it to a viable recovery. During a regular briefing in Washington, DC,...

Russian Foreign Minister Sergei Lavrov and his Greek counterpart Nikos Kotzias held a phone conversation, initiated by the Greek side, earlier in the day, according to the ministry. During the talk, Kotzias informed of the status of negotiations between Greece...

Greece Debt Free, a website set up with the intention of getting contributions to wipe out Greece's $390 billion debt and pay for years of wild overspending by successive governments, made a two million euros ($2.6 million) donation on...

Many blame rich owners of shipping companies of not doing enough to support Greece financially but here is a noteworthy exception.  Peter Nomikos, the 33-year-old heir of a wealthy shipping family of Santorini, came up with an innovative idea:...

ATHENS – Just as Greece is seeking a second bailout to keep its economy from failing and defaulting on its loans under the weight of a staggering $460 billion debt - $41,818 for every man, woman and child in...

Resistance and difficulties still exist between Greece and its private bondholders on a number of issues in talks for a new debt swap plan, the deputy finance minister was quoted as saying on Friday. Yannis Mourmouras, one of three deputy...

Moody's Investors Service says it has downgraded Greece's sovereign debt rating by three notches, leaving it one notch away from default, and warned creditors would lose out from the latest bailout deal. The ratings agency said in a statement on...

Greece should complete the reforms needed to help banks reduce bad debt and deal with the impact of the COVID-19 pandemic, the European Central Bank said, according to Reuters. The coronavirus crisis has stalled the efforts of Greek banks to...

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...

The Board of Directors of the European Financial Stability Facility (EFSF) approved on Thursday debt relief measures for Greece totaling almost one billion euros, the European Stability Mechanism said in a press release. The EFSF will reimburse the 103-million-euro step-up...

Public debt in Greece and Italy grew last year, while the European bloc as a whole recorded an overall decrease in its liabilities, the European Union statistics office said on Tuesday. At the end of 2018, Greece, which is the...

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...

  The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden  Greek banks, according to a news report published by Bloomberg on Tuesday. This move is expected to strengthen trust in...

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...