bailout

Greece must legislate the new measures agreed by the end of the week in order to receive a subtranche of 2 billion euros in financial aid on Monday. The Euro Working Group and the European Stability Mechanism will assess the...

"It is a good day today," European Commissioner for Financial Affairs Pierre Moscovici said in reference to the agreement Greece and creditors reached on Tuesday. "I am happy to confirm that agreement has been reached on the remaining measures needed...

Greeks are pessimistic about the economy and the future in general and they are not satisfied by government policies, a new opinion poll shows. The poll that was conducted for Skai television, shows that 78 percent of Greeks believe the...

Greece is paralyzed on Thursday as workers in the public and private sector are on strike protesting the harsh austerity measures imposed by the leftist Alexis Tsipras government. This is the first general strike during the SYRIZA-ANEL coalition government that...

Greece has until the end of the week to resolve the pending issues required for the first review of the bailout program that would unlock further financial aid and funds for bank recapitalization. "We await the finalization of all the...

Greece has fallen three weeks behind schedule on the prior actions schedule as Sunday's Euro Working Group teleconference failed to result in an agreement with creditors. Monday's afternoon meeting of Eurozone finance ministers will be almost entirely dedicated to Greece. However,...

Greece's delay in negotiations over reforms required by the bailout program has left many issues still open, rendering the disbursement of the 2-billion-euro subtranche highly unlikely, according to European Commission sources. The cancellation of the Euro Working Group teleconference scheduled between...

The Greek Parliament passed with 153 votes of the ruling SYRIZA-ANEL coalition the omnibus bill of the second package of prior actions required by the bailout program. The vote was conducted by roll-call, as requested by New Democracy. One SYRIZA...

The European Commission upgraded its forecasts for the growth of Cyprus' economy to 1.2% in 2015, in its Autumn forecast, while the Cypriot Ministry of Finance predicts that 2015 will end with a growth rate of 1.5%. Specifically, the European...

The SYRIZA-ANEL coalition government is rushing to find new taxes to present at Monday's Eurogroup in order to receive the 2-billion-euro subtranche of the bailout program. The new taxes that will be proposed are to replace the 23 percent value...