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Greek PM Changes Course, Ready to Back Down on Debt Relief Issue

Greek Prime Minister Alexis Tsipras appeared to change his narrative regarding debt relief and seems ready to accept the creditors' position that the debt...

IMF-Germany Closer to Agreement on Greek Debt Issue

The International Monetary Fund and German Finance Minister Wolfgang Schaeuble are close to an agreement on the Greek debt relief issue under conditions, says...

EU Commission: We Call on All Sides to Honor Greece’s Efforts

The European Commission is aware that Greece has delivered on its promises and it is now the partners' turn to do the same, European...

New Measures Required by Greece’s Creditors Abolish 4 Welfare Allowances

Poorer households in Greece are hit by the new measures required by creditors as four welfare allowances have been abolished. The new austerity measures included...

U.S. Congressman Opposes IMF Participation in Greece’s Bailout (video)

U.S. Congressman Andy Barr on Thursday opposed financial participation of the International Monetary Fund in Greece's third bailout program. Barr, who is Chairman of the...

EU Official: Greece has 50% Chance to Close Agreement on Monday’s Eurogroup

A European Union official said that Greece has a 50% chance to come to a full agreement with creditors in closing the bailout program...

Nationwide Strike in Greece While Parties Clash over Austerity Measures in Parliament

A nationwide strike has paralyzed Greece on Wednesday, while in parliament government and opposition parties have started a heated discussion over the new austerity...

Greeks Called Upon to Pay €4.5 Bln in New Austerity Measures

Greek taxpayers and pensioners are called upon to pay over 4.5 billion euros after the reduction of the tax-free income and pension cuts in...

Tsipras and Lagarde Meet to Discuss Greece’s Progress in Economic Program

Greek Prime Minister Alexis Tsipras and IMF chief Christine Lagarde discussed the progress in Greece's economic program on the sidelines of the Belt and Road...

Greece has to Legislate or Adjust 135 Prerequisites to Close Bailout Program Review

Greece has to legislate 77 measures and adjust 58 more in order to close the second bailout program review and receive the next loan...

Next Two Weeks Crucial for Completion of Greece’s Bailout Program Review

Greece has to rush to legislate the new measures agreed so that the staff level agreement is signed before the May 22 meeting of...

New Austerity Measures for Greece Include Pension Cuts, Lower Tax-Free Income

The Greek government on Tuesday agreed with international creditors on new austerity measures in order to close the second review of the bailout program,...

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