Greek debt
Economy
Government Minister Seeks to Reassure Angry Greek Farmers Pension Reform is Beneficial
As the country is at present in the grips of strike over the government’s plan to proceed with further cuts in pension benefits and impose additional austerity, senior level government officials are pulling all the stops to reassure angry...
Economy
Soros Says EU in Throes of Collapse and Greek Problem Has No Solution
Speaking on Bloomberg from Davos, George Soros said that the European Union is facing an existential crisis and that the refugee crisis is leading to the collapse of the European Union.
He also commented on the ongoing Greek debt drama...
Economy
IMF Stance on Pension Reform Irks Greek Finance Minister
In a press conference, Greek Finance Minister Euclid Tsakalotos expressed his displeasure with the IMF’s stance on the Greek government’s plan for pension reform.
Tsakalotos stressed repeatedly that leaks to the press about the IMF’s alleged rejection of the pension...
Economy
President Pavlopoulos to Merkel: Greece will Fully Comply on Refugee Crisis, Adjustment Program
Greece will fully respect fully commitments both concerning its economic adjustment program and the refugee crisis, but then the country’s partners must keep their promise and discuss debt relief, Greek President Prokopis Pavlopoulos said on Monday after a meeting...
Economy
Greek Government Faces Two Fronts on Pension Reform Issue
The government of Alexis Tsipras has to fight on two fronts on the security funds issue: surging social reactions within Greece and the international creditors who insist on more pension cuts and restructuring of security funds.
The Panhellenic Confederation of...
Economy
ECB Says Purchase of Greek Bonds Depends on Compliance with the New Bailout Program
Here we go again. Mario Draghi says for the umpteenth time that the purchase of Greek debt by the ECB depends on compliance with the new bailout program.
ECB’s stance on the purchase of Greek debt is similar to the...
Economy
Eurogroup Chief: Greece's Bailout Review Will Take Months
The first comprehensive review of Greece's bailout program will take months to complete, not weeks, said President of Eurozone finance ministers Jeroen Dijsselbloem, on Thursday.
Greece expects the completion of the first review so that European partners will sit down...
Economy
George Soros: Greek Economy will Never Recover within Eurozone
"Greece will never recover as long as it is a member of the Eurozone," said well-known investor George Soros, adding that the country will never be able to repay its debt under current conditions.
In an interview with Wirtschaftswoche magazine,...
Economy
Greek PM Tsipras to Participate at World Economic Forum
Greek Prime Minister Alexis Tsipras has decided to participate at the World Economic Forum in Davos-Klosters, Switzerland, in January.
The annual meeting of the world's economic elite at the Swiss resort town is to take place January 20-23 and Alexis...
Economy
Greece Receives Delayed €1 Bln Loan Tranche
The Euro Working Group is to approve on Thursday a 1-billion-euro loan subtranche as Greece has legislated the 13 prior actions required by the bailout program.
The tranche is delayed by two months as the prior actions were originally scheduled...