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IMF Sees Greece Missing Debt Targets by 2017

Greece will miss the five-year debt reduction target that underpins the country΄s 130 billion euro bailout, according to forecasts released by one of its...

Greece Will Need Third Bailout, Says Greece’s IMF Rep

Greece will need a third arranged bailout with its international lenders after falling far short of its austerity programme targets, an IMF official told...

Greece’s Lenders Delay Aid To October

Greece's international lenders won't discuss new aid for the country before October when they present a review of the country's bailout program to finance...
European Central Bank Says it will provide funds to Cyprus banks

ECB Acts to Head off Greek Bankruptcy

The European Central Bank has moved to stave off Greece bankrupcty for the time being by guaranteeing additional emergency loans from the country's central...

Bloomberg: Greece’s Highways are Smoother than its Finances

Cross the border to Greece from Bulgaria or Turkey and you move from narrow, potholed, lethal truck runs onto the wide and empty magic...

NY Times: “Greece: The Back Door to Europe for Illegal Immigrants”

Another major newspaper reports on the increasing illegal migration through our Greek-Turkish borders. New York Times published a large article under the title “For...

Jens Weidmann: Greece Must Keep Bailout on Track

Greece must get its reform program back on track if the so-called troika of the European Union, IMF and European Central Bank judges that...

Wells Fargo: Greek Exit from the Euro Could Be a ‘Lehman Event’ for Global...

"The European debt crisis is once again at a critical juncture ahead of the second Greek parliamentary election and as Spain appears to be...

Deputy PM: Greece Will Run Out of Money in Six Weeks

Greek Deputy Prime Minister Theodoros Pangalos has warned that the country will run out of money within six weeks, unless it honors its bitterly-disputed...

Papademos Warns Against Europhobia Ahead of Elections

Greek prime minister Lucas Papademos has said that the country’s place in the European Union must be defended. Against a backdrop of deep debt, cuts...

Christofias – Barroso Joint Conference

Preparations for the Cypriot Presidency are at an excellent state, EU Commission Presidenty Jose Manuel Barroso has said. According to a press release issued here...

European “Union”: Goodnight and Good Luck, Greece

"You either keep your word and push the mid-term program immediately or you will not be given the next trench", said Troika officials to George Papandreou and Evangelos Venizelos. Surely it must[...]

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