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Greek debt

IMF Admits Mistakes Over Greece's Bailout Program

The International Monetary Fund acknowledged that it made mistakes and omissions in the Greek bailout program approved in May 2010, as it did not include debt restructuring. The IMF Board of Directors approved the evaluation report on the programs during...

Delia Velkouleskou: Greece Needs Considerable Debt Reduction

"Additional reforms in the pension and insurance system are required in order to achieve a primary surplus," said Troika IMF representative Delia Velkouleskou, speaking at an investment conference in New York. According to reports, the representative of the IMF stressed...

EU Bailout Fund Examines Ways to Ease Greek Debt Load

The European Stability Mechanism is examining options to ease Greece's debt, including linking debt repayments to economic growth, according to a Wall Street Journal report. The report is based on a ESM document dated August 10, in which the EU...

Is There Light at the End of the Tunnel for the Greek Crisis?

Ever since the Greek debt crisis erupted, back in late 2009, each successive government actively sought to defuse a sharp backlash against the bailout programs imposed on the country by the notorious trio of the International Monetary Fund (IMF),...

IMF to Decide on Participation in Greek Bailout After January

The International Monetary Fund is set to make a decision about its long-term role in the ongoing Greek bailout program further into 2016, the Athens Macedonian News Agency reports. IMF spokesperson Andreas Adriano told ANA-MPA that the fund will begin...

EU's Moscovici Sees Discussion on Greek Debt Starting in Early 2016

European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Tuesday he was confident that a discussion on Greece's debt might begin at the start of 2016, while addressing the European Parliament's Economic Affairs Committee. "I believe that in the...

Greek Finance Minister Calls for a Deal on Greek Debt by March

Greece's Finance Minister Euclid Tsakalotos said on Monday that a deal on the country's debt must be reached as quickly as possible, since any delays would postpone important decisions for Greece's economy. He warned against "returning to the solutions given until...

ESM Chief Warns that Greek Debt Haircut Won't Happen

European Stability Mechanism chief Klaus Regling dealt another blow to the Greek government's hopes for a debt haircut, noting in an interview published on Monday, that a haircut is not feasible. The ESM released the key points of Regling's interview...

ESM Could Further Improve the Economic Conditions of the Greek Program

Member states will monitor the implementation of reforms by Greece and decide whether to enter into discussions on further debt relief, the general director of the European Stability Mechanism (ESM) Klaus Regling said during a conversation with MEPs of...

Pierre Moscovici Optimistic on Deal Between Greece and Creditors

European Commissioner for Economic and Financial Affairs Pierre Moscovici met with Greek Prime Minister Alexis Tsipras at the Maximos Mansion in Athens on Tuesday evening, to discuss Greece's progress in the implementation of the three-year 86 billion euro bailout that was...