ECB

With the backing of its own banks, Greek officials said they met a target to buy back 30 billion euros ($38.96 billion) of bonds held by investors, goal international lenders set to trigger the release of long-delayed 34.4 billion...

Desperate for cash, Greece is reportedly going to get an offer from Qatar to take over troubled Greek defense companies as part of a long-delayed massive privatization that could see the sell-off of major industries and assets. Qatar’s interest in...

Self-employed professionals in Greece, noted for being among the biggest tax evaders and failing to give receipts, could face big tax hikes under a new $17.45 billion spending cut and tax hike plan they vociferously opposed. According to the new...

Holders of Greek bonds, including Greek banks as well as foreign institutions, have agreed to sell back some 30 billion euros ($38.8) of their holdings, government officials said, meeting a target to release a series of $56.7 billion in...

The Greek government will exempt the country’s struggling banks from a plan to use 10 billion euros ($12.9 billion) to buy back its bonds from investors at a big discount in a bid to write down debt by 20...

A Greek-Israeli businessman has joined former Prime Minister George Papandreou, and the former Premier’s mother, Margaret, in denying Greek media reports that she was linked to a list of 2,059 Greeks with $1.95 billion in accounts in a Swiss...

After the Council of Europe last month, the International Labour Organisation (ILO) considers that the measures adopted by Greece under pressure from the Troika (European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF)) erode workers’ most...

Greece is planning to spend 10 billion euros ($13 billion) to buy back bonds issued earlier this year in an attempt to cut its debt and trigger the release of 43.4 billion euros ($56.7 billion) from international lenders. The bond...

The General Court of the European Union has ruled the European Central Bank (ECB) properly refused to release documents about Greece’s deteriorating economy in 2010 because “Disclosure of those documents would have undermined the protection of the public interest...

After winning approval from Eurozone finance ministers and the International Monetary Fund for the release of $56.7 billion of rescue loans as part of a second bailout of $172 billion, Greek Prime Minister Antonis Samaras is turning his attention...