EAS

The Eurozone working group of finance chiefs has ok'd release of a delayed one billion euro ($1.37 billion) installment from international lenders after a deal was reportedly reached on a modified plan to pare down the money-bleeding Hellenic Defense...

One of the biggest obstacles to closing a deal on uncompleted reforms and trigger the release of a one billion euro ($1.37 billion) installment from international lenders - whether to shut down or privatize Greece's money-bleeding defense contractor -...

Deputy Prime Minister/Foreign Minister Evangelos Venizelos, who acts at the behest of Prime Minister Antonis Samaras, said after a symbolic meeting with envoys from Greece's international lenders that it's essential for the two sides to reach agreement on the...

Unable to reach a deal before a Dec. 9 meeting of Eurozone finance chiefs, Greece is reportedly hoping to come to an agreement with international lenders over delayed reforms and the size of 2014 budget hole before  a gathering...

Faced with a looming budget gap that could be five times more than what Greece has estimated, international lenders are pressing the government to close two defense industries or significantly reduce their workforce and costs. The government is eager to...

Frantic to avoid imposing more austerity measures after vowing not to do so, the Greek government has told its international lenders that it can bring in 2.2 billion euros ($2.94 billion) in revenues by going after tax cheats -...

Administrative Development Minister Kyriakos Mitsotakis, who hasn't been able to meet a timetable to suspend, transfer or fire 25,000 workers this year, is reportedly going to ask international lenders for more time, and to include workers being fired at...

Talks between Greece and envoys from its international lenders immediately led to more demands for reforms and pressure on the government to shed itself of one of its defense industries and improve the woeful rate of tax collection with...

According to sources from Brussels, the troika  strongly believes that Hellenic Defense Systems (EAS) and Hellenic Vehicle Industry (ELVO) must be shut down. The lenders of Greece believe that it’s not possible to save the two state firms, because they...

Greece called for international creditors not to enforce further austerity measures as they began a fresh audit of the country's finances on Sunday. Monitors from the so-called "troika" of international lenders -- the EU, International Monetary Fund and European Central...