Greece
Economy
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...
Economy
Critics Pour Cold Water on Greek Debt Deal
Amid the hype over Greece's debt-relief deal struck with the Eurogroup on Thursday, dissenting voices have emerged, critical of the agreement which is said to chart Greece's exit from its international bailout.
At home, Greece's main opposition party, New Democracy,...
Economy
All Eyes on Eurogroup for Greek Debt Relief, Post-Bailout Scrutiny
Athens has its eyes on Luxembourg this Thursday as a crucial meeting of eurozone finance ministers is expected to decide on Greek debt relief and what will happen the day after the bailout ends in August.
Greece has ratified the prerequisites...
Economy
Creditors Fail to Reach Deal on Greek Debt Relief
The Washington Group that convened on Thursday in Brussels failed to reach an agreement on the Greek debt relief issue and will be meeting again during the G7 summit in Canada, in early June.
According to a Bloomberg report, the...
Economy
Eurozone to Move on Greek Debt With or Without IMF: Reports
IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday.
Media reports citing an unnamed EU source in Brussels stated that Thursday this week would see...
Economy
IMF Presses European Creditors for Greek Debt Relief Plan by Next Week
The International Monetary Fund is pressing Greece's European creditors to agree on a debt relief program as soon as next week to ensure that the fund has enough time to give money to the country.
Poul Thomsen, the IMF director...
Economy
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...
Economy
Berlin Insists on Strict Conditions for Greek Debt Relief
Debt relief for Greece will only be provided under strict conditions if it happens at all, Germany's finance ministry has said.
Earlier, German newspaper Handelsblatt reported that Berlin was opposed to granting debt relief without strict conditions. The financial newspaper...
Economy
Gap Between EU-IMF over Greek Debt Remains
The International Monetary Fund and the European Union continue to disagree on the Greek debt relief issue, as was shown during the IMF and World Bank spring meeting in Washington.
According to a Kathimerini newspaper report, the two sides attended...
Economy
EU's Centeno: Deal on Greek Debt Restructuring 'Close'
Greek debt relief is still in discussion between the European Union and the IMF, but Greece's creditors are not considering an extension of the bailout program.
The talks are taking place during the IMF and World Bank Spring Meetings in...
Economy
German Finance Minister: Greek Debt Relief Must be Tied to Growth Plan
Any debt-relief measures for Greece will be discussed only after Athens presents a credible program that focuses on growth, German Finance Minister Olaf Scholz has said.
The German finance minister, interviewed in Sunday's Frankfurter Allgemeine Zeitung, said Berlin's position -- and...
Economy
No Discussion of Greek Debt Easing on Monday's Eurogroup
On Monday's Eurogroup, eurozone finance ministers will not discuss Greece's debt easing, nor the supervision of Greek reforms after the bailout program ends in August, according to a Kathimerini newspaper report.
The report says that technical discussions have not progressed...
Economy
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...
Economy
Greek Debt Viability Trajectory Worse than Expected
The sustainability of the Greek debt over time is one of the major issues tackled by world economists and a new report by the EU Commission shows that it's projected trajectory is worse than originally calculated.
The report by the...
Economy
ESM on Greek Debt Relief: We Shall See After August 2018
Greece's lenders will be able to determine if Greece needs further debt relief only in the summer of next year, the head of Europe’s rescue fund (ESM), said on Thursday.
Klaus Regling said that Greece does not have “a debt...