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Greek Court Sentences Artemis Sorras to 8 Years in Prison Without Parole

A Greek court on Friday sentenced in absentia Artemis Sorras and his wife to eight years in prison without parole on felony charges of...

Greece Caught in ‘Debt Trap’ Parliament Budget Office Says in 5th Interim Report

Greece is caught in a self-reinforcing recessionary spiral caused by its high and unsustainable debt, which must be deeply restructured in order to allow...

‘Comprehensive Solution’ for Greek Program in April, Greek PM Tsipras Says

Greece successfully pushed for the insertion of a special reference to action for fighting unemployment in the final conclusions of the European Council, Prime...

IMF Chief: Tsipras Asked for Fund to Stay in the Greek Bailout Program

International Monetary Fund Managing Director Christine Lagarde said that Greek Prime Minister Alexis Tsipras asked the IMF to stand by Greece in the bailout...

IMF Chief Urges Greece to Implement Reforms, Europe to Offer Debt Relief

International Monetary Fund Managing Director Christine Lagarde said that Greece must implement essential reforms, at the same time urging Europe to offer the country...

German FinMin Says Greece Must Decide Whether it Wants to Stay in Euro Zone

Greece must decide whether it wants to remain in the euro zone, German Finance Minister Wolfgang Schaeuble said on Tuesday, according to Reuters. Schaeuble told...

Germany Makes Concessions to Close Greek Bailout Review, Spiegel says

Germany is abandoning its hard stance and makes new concessions in negotiations so that Greece's bailout program review is completed, Spiegel magazine says. The report...

Hellenic Bank Association Says Banking System Stabilized in 2016

The Greek banking sector stabilized in 2016 showing clear signs of improvement, the Hellenic Bank Association (HBA) said in a press release on Tuesday...

The IMF-Berlin Back and Forth Might Cost Greece

The technical teams of Greece's creditors return to Athens on Tuesday to resume negotiations over the bailout program review. This is what was agreed...

IMF Blog Explains Steps for Management of Sovereign Debt

The International Monetary Fund has explained its position regarding management of sovereign debt, including the Greek debt. In a piece on the management of sovereign...

IMF’s Lagarde: Greek Debt Doesn’t Need a ‘Haircut’

The International Monetary Fund's Christine Lagarde, maintains her position that the Greek debt does not need a haircut but instead requires low interest with...

Der Speigel: IMF Participation in Greek Bailout Probable Near 5 Billion

The IMF will participate in the third package for Greece in the amount of five billion euros, Der Speigel magazine reported on Friday. Initially,...

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