Greek debt

U.S. Treasury Secretary Jack Lew reiterated the importance of Europe following through on its commitment to put Greece’s debt on a sustainable path through debt relief, in a meeting with Greek Finance Minister Euclid Tsakalotos. The U.S. official also said...

International Monetary Fund European Department head Poul Thomsen argued, during a global IMF conference in Lima, Peru on Friday, that Greece will need debt relief. “We think that Greek debt... has become highly unsustainable,"  Thomsen is quoted by Reuters as...

Eurozone governments agree that debt relief for Greece should be accomplished by capping its debt servicing costs at 15 percent of gross domestic product, Reuters says. Eurozone President Jeroen Dijsselbloem, said on Thursday that debt easing can be discussed only after...

International Monetary Fund head Christine Lagarde reiterated that the Greek debt is not sustainable at the moment. Lagarde made her remarks during the IMF's annual meeting in Lima, Peru, the Athens-Macedonian News Agency reports. The IMF has not made it known...

The Greek government has the urgent task to legislate and start implementing the prior actions required by the bailout program in order to be ready for the first review on November 15. Two packages of unpopular measures need to be...

Greece might need additional measures as 2015 will end with an estimated 0.5 percent primary deficit instead of the required 0.25 percent, says an International Monetary Fund report. According to the recent Fiscal Monitor, an IMF report on international economy, Greece...

French President Francois Hollande and German Chancellor Angela Merkel addressed the European Parliament on Wednesday, with the French President dedicating some of his time to Greece. Hollande argued that during negotiations with Greece for a new bailout program, Europe did not...

A European Union court on Wednesday rejected claims by more than 200 Italian investors against the European Central Bank over Greek debt restructuring in 2012, saying their losses were part of normal financial market risk. According to a Reuters report,...

French Finance Minister Michael Sapin expressed what many international officials have stated in the past with regards to the connection between the Greek debt and the Greek bailout. Prior to Monday's Eurogroup meeting, Sapin noted that Greece must proceed with implementing...

The outgoing Greek Parliament President Zoi Konstantopoulou officially vacated her seat on Sunday, for newly elected president Nikos Voutsis, but not before making a statement. Konstantopoulou gave Voutsis a study produced by the Truth Committee on Public Debt, which she established,...