Greek bailout
Economy
Pimco: Chances of a Grexit Stand at 30%
The chances of Greece ending up outside the single European currency due to an accident (Graccident) stand at 30% and if it does then that might make Italian and Spanish debt a good buy, according to the world's biggest bond...
Economy
German Chancellor Merkel Pushes for Reforms, Greece Has Done Its Part, PM Tsipras Says
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel held a meeting earlier today on the sidelines of the European Union summit on migration policy. According to the first reports emerging from the two leaders' meeting, Merkel pushed Athens to...
Economy
Greek Govt Vice President: We Will Not Cross Our Red Lines in Negotiations
The Greek government's intention not to cross the red lines it has set in regards to the ongoing negotiations with the country's partners expressed, yet again, yesterday government Vice President Giannis Dragasakis. In an interview to Greek newspaper "To Vima," published...
Economy
Neighboring Countries Put Greek Bank Subsidiaries in Quarantine
Neighboring countries put Greek bank subsidiaries in quarantine in fear of contagion should there be an economic "accident" in Greece, a "Kathimerini" report said.
The central banks of Albania, Bulgaria, Cyprus, Romania, Serbia, Turkey and FYROM have all forced the subsidiaries...
Economy
Eurozone Officials: Greece's Representative Acting Like a Taxi Driver in Negotiations
European officials appear to be losing their temper with Greece's leftist government, causing some of them to proceed to some -at least- scornful comments for the Greek officials participating in the ongoing negotiations regarding the country's bailout program. According to...
Economy
Jubilee Debt Says IMF Profited 2.5 Bln Euros from Greek Bailout
The International Monetary Fund (IMF) has already made 2.5 billion euros in profit out of its loans to Greece since 2010, according to figures released on Wednesday by the UK-based non-governmental organization Jubilee Debt Campaign.
In an announcement ahead of...
Greece
Greece's Parliament Releases Videos on Greek Debt Saying 'Check it, Erase it'
After forming a 'truth' committee to investigate Greece's bailout agreements with its lenders and perform a public debt audit, parliament head Zoi Konstantopoulou released two videos saying 'Check it, Erase it,' referring to the country's accumulated debt.
Zoi Konstantopoulou, the...
Economy
Forbes: Greece Should Beware Russians Bearing Gifts
The Greek expectations from Prime Minister Alexis Tsipras' upcoming visit to Moscow have become the center of international media, while European officials, such as the European Parliament President Martin Schulz, have warned Athens to be cautious towards Russia and...
Economy
What Happens If Greece Fails to Repay Its IMF Loans Due April 9?
Greece is only four days ahead of another crucial deadline as on Thursday it has to repay some 450 million euros to the International Monetary Fund (IMF), among the three institutions participating in its bailout program. At the same...
Economy
Greece and Creditors Still Far Apart from Deal
Greece's international creditors spent the weekend studying the list of reforms the Greek government presented on Friday and sources from Brussels say that it may take one or two weeks before a final decision is made whether further financial...