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BoG Governor: Greece Needs Long-term Fiscal Adjustment

Long-term fiscal adjustment and a precautionary credit line from European partners were the recommendations made by Bank of Greece (BoG) governor Yannis Stournaras in...

EU Commissioner Moscovici: Greece Needs the Euro and the Euro Needs Greece [Video]

A clear message regarding the preferences of the European Commission on political forces pursuing reforms and Greece remaining in the Eurozone, expressed in a...

EU Commissioner Moscovici: A Grexit Would be a Pity Now

"It would be a pity for Greece to face Grexit again after the considerable work that has been done." This phrase sums up the...

Troika's Technical Teams Return to Athens Tomorrow

The return of the Troika's technical teams in Athens tomorrow, along with Eurogroup's decision for a two-month technical extension of the Greek program, announced at...

Eurogroup Decides Two-Month Extension of Greek Program, Presidential Election on December 17

On December 17, two months ahead of schedule, will finally be held the first ballot for the election of the new President of the...

Troika Threatens Greece with Liquidity Suspension

  As reported by German financial review "Handelsblatt," the Troika of Greece’s lenders has threatened the country to suspend the provision of liquidity, unless an...

Dijsselbloem: EU Is Willing to Help Greece

Arriving at the opening of the Eurogroup meeting on Thursday, in which Greece’s next day after the memorandum exit will be tabled, Jeroen Dijsselbloem declared...

Greece to Send New Reform Proposals to Troika

Greece is set to send by Saturday, new proposals on several key issues that remain unresolved in its negotiations with the troika of international...

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...

ECB President Promises Funding to Greek Banks

Bank of Greece (BoG) Governor Yannis Stournaras and European Central Bank (ECB) chief Mario Draghi have come to an agreement to provide Greek banks...