bailout

Moody's rating agency describes the delay of negotiations on the bailout program review between Greece and lenders as "credit negative". It is noteworthy that Moody's sees the risk that bailout review talks might take until July, thereby increasing the risk...

European Commissioner for Financial Affairs Pierre Moscovici appeared cautiously optimistic over a possible agreement at Monday's Eurogroup during the presentation of the European Commission's spring report. "All sides wish Greece to return to growth and to create jobs for the...

The Greek economy will remain in recession in the first half of 2016, but slight growth is expected for the second half, while unemployment will be at 24.7 percent, says the European Commission spring report on European Economy. According to...

Greek Prime Minister Alexis Tsipras has started a series of meetings with key cabinet members hoping to reach an agreement with creditors during Monday's Eurogroup. The meeting of euro zone finance ministers on May 9 is crucial for Greece as wrapping...

The Greek government "underestimated" the financial costs of protracting negotiations for "political benefit," reads the report of the Parliamentary Budget Office for the January-March 2016 period. The PBO is an independent authority that monitors the state budget. The first 2016...

Greek Prime Minister Alexis Tsipras faces a "potential bombshell" with the additional austerity measures creditors demand and there are three scenarios on how he will act, according to a Bloomberg analysis. The disagreement between the International Monetary Fund and European...

Finance Minister Euclid Tsakalotos might be willing to resign because he doesn't want to succumb to creditors' pressure, says German newspaper Bild and Ntv news agency. Unlike Prime Minister Alexis Tsipras, Tsakalotos does not want to sign the new austerity...

Talks on the bailout program review between Greece and creditors resume today (Monday) with the two sides aiming at a draft deal by Holy Thursday. If Athens and the mission chiefs of the European Commission, European Central Bank, European Stability...

Greece must legislate a package of contingency measures to guarantee it will reach the 2018 fiscal targets, said Eurogroup President Jeroen Dijsselbloem on Friday. The Dutch finance minister spoke to reporters after the meeting with his euro zone peers in...

The fear of default has appeared again in Greece, after talks between Athens and lenders on the bailout program review have stalled over the new contingency measures creditors require, says a report on The Guardian. "The review that should have...