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Greece

EU Commission Says it "Will Remain by Greece's Side'' One Year After Bailout Exit

The European Commission issued a statement on Tuesday on the occasion of the one-year anniversary of Greece officially exiting its bailout programs after its eight-year-long financial crisis. ''Today marks one year since Greece successfully concluded its European Stability Mechanism (ESM)...

Greece Opens Books For New 7-Year Bond, Third Time Since Bailout Exit

Greece opened its books for a new 7-year bond on Tuesday morning. The new Conservative government aims to earn approximately €2.5 billion, in an effort to capitalize the recent sharp decline in the country's interest rates. The initial estimates suggest that...

Special Rules for Greek ECB Borrowing to End After Bailout Exit

Greece will be unable to access cut-rate European Central Bank funding from Aug. 21 -- a day after the expected 'official' exit from the country's economic bailout program. The ECB on Friday released a statement which indicated that the end...

Europe Scrutinizes Greek Growth Plan as Bailout Exit Looms

International creditors will return to Athens on May 14 ahead of June's final decision on how to end Greece's economic bailout. Eurogroup finance ministers were meeting in Sofia, Bulgaria on Friday where Greece's growth and reform strategy was scrutinized as...

Greece's Bailout Exit to Dominate Eurogroup Gathering

The countdown for talks leading to Greece's completion of its fiscal adjustment program will begin at a Eurogroup Working Group (EWG) meeting on Thursday. Thursday's meeting will open discussions on Greece's growth strategy following the program, a topic on the...

EU Source: Greek Bailout Exit in Sight

Associated Press (AP) is reporting a senior EU official in Brussels saying Greece is close to exiting its bailout program. Speaking anonymously on Thursday ahead of a major Eurogroup meeting next week, the official told AP there was "a great willingness...

Greece Eyes €19B Cash Buffer to Help Bailout Exit: Reuters

Greek officials have told Reuters that Athens is eyeing a multi-billion-euro cash fund to meet debt repayments following August’s planned departure from the country’s bailout program. The news agency quoted an unnamed Greek official saying the €19 billion ($23 billion)...

HSBC: Greece's Bailout Exit Plausible, Clean Exit Less So

Greece may be able to exit the bailout programme established by international lenders as soon as this year, banking giant HSBC has said, adding that a clean exit is less clear. The country last year regained access to capital markets,...

Dijsselbloem in Athens: Greece Needs "Clean" Bailout Exit

After meeting with the president of the Republic and the PM, Eurogroup Chairman Jeroen Dijsselbloem said that Greece and its European creditors are on a good path to completing the latest round of bailout talks, with a view to...

Eurogroup's Dijsselbloem: Greece Under Supervision even After Bailout Exit

Greece will remain under supervision after it exits its current bailout, and Athens must achieve “economic and political stability,” Jeroen Dijsselbloem said, contradicting PM Tsipras' assurances that in 2018 the country will see the end of international supervision. “The viability...

Reuters: Greece Considers Bond Swap as Looks to Bailout Exit

Greece is considering swapping 20 small bond issues for four or five new ones, government sources said, as it prepares to exit its international bailout, and resume normal financing operations, Reuters reports. The government is considering a swap that would...

Economist: Greece's Plans for Early Bailout Exit Not Feasible

"Greece's plans for a clean exit from its international bail-out are in disarray. A sharp rise in bond yields has stymied the government’s plan to borrow about €9 billion abroad in 2015 to meet debt repayments and ease the...

Samaras, Juncker Discuss Greek Bailout Exit Plan

On Thursday, Greek Prime Minister Antonis Samaras and incoming European Commission President Jean-Claude Juncker discussed Greece's proposal for exiting the loan program and the pending troika review. The discussion took place on the sidelines of a European Union summit...

Greek 10-Year Bond Yields Shoot Up Amid EU Skepticism Over Bailout Exit

Greece’s government bonds declined today, pushing 10-year yields to their highest level since May. The news follows Eurozone finance ministers' purported clash with Greek leaders over their desire to sever a bailout program. The drop pushed the 10-year yield up...

Greece Exits Final Bailout 'Successfully' (video)

Greece officially concludes its third bailout program with a successful exit, the euro zone’s ESM rescue fund said on Monday. “Today we can safely conclude the ESM programme with no more follow-up rescue programmes as, for the first time since early...