Greek Bailout Deal

Poul Thomsen, director of the IMF’s European Department, welcomed on Tuesday the agreement achieved between the Greek government and its lenders saying it will allow fiscal policy to become more growth-friendly. Speaking to journalists in a conference call, he said...

The German government sought to distance itself from German newspaper Die Welt's article on the Greek government. Die Welt published an article over the weekend that described Greece as a ship without a captain, arguing that the Greek government is delaying the...

In the midst of high speculation that Greece will miss deficit targets required in the Bailout Deal, Greek Alternate Finance Minister Giorgos Chouliarakis commenced the discussion on the prior actions bill the Greek Parliament must legislate via a vote on Friday,...

European Commission President Jean-Claude Juncker is committed to help Greece as the country is carrying out the agreements outlined in the new bailout package, Greek media reports. The Greek parliament will have to adopt a series of prior actions during Friday's parliamentary vote...

A recent IMF analysis noted that there have been major delays in the implementation of reforms in Greece, due to the election that took place in September, as written by a journalist in the German news magazine Der Spiegel. The...

International Monetary Fund (IMF) Managing Director Christine Lagarde stressed out that there is an urgent need for cash-strapped Greece’s unsustainable debt burden to be reconstructed. In an interview with Swiss French-language daily newspaper "Le Temps" on Saturday, Lagarde implied that the International Monetary Fund is...

"Against us is the old political system that pushed the country into a tragedy, which built the regime that led to the bailouts. We want to demolish this regime," Greece's former Prime Minister Alexis Tsipras stated at a gathering of...

Greece's outgoing Prime Minister Alexis Tsipras is likely to strike an alliance with the opposition and other political parties forming a new coalition government, after the September 20 vote, experts claim. University of Athens political scientist Theodore Couloumbis commented on Tsipras' decision to get...

With the Greek economy in ruins and the Greek banks still closed, the Greek parliament approved the terms of the latest (3rd) Greek bailout deal offered to Geece by its creditors: the European Central Bank (ECB), the European Commission...

A deal on keeping Greece afloat and providing more bailout money for the near-bankrupt state is unlikely to be reached next week when euro zone finance ministers meet in Brussels, a senior EU official said on Monday. According to Reuters,...