Greek debt

Following reports that the International Monetary Fund (IMF) will abstain from taking part in Greece's third bailout program, German media assessed the fragile situation on Friday. German financial newspaper Handelsblatt noted that Eurozone countries will generally tend to postpone problems for the future and questioned...

The International Monetary Fund (IMF) said it may not participate in Greece's third bailout program due to the country's growing debt and poor record implementing previous economic reforms. This means that while IMF staff will continue to participate in current negotiations around the Greek debt...

Greece's obligations to creditors after the completion of the third bailout program will go all the way to 2073, a Business Insider report said. The concern about the sustainability of the Greek debt makes some Eurozone countries demand more reforms on...

International Monetary Fund (IMF) Managing Director Christine Lagarde has insisted that any new bailout program for Greece requires significant restructuring of the cash-strapped Eurozone nation's massive debt load. During an online press conference on Wednesday, Lagarde reiterated her view that any new...

Greek Prime Minister Alexis Tsipras gave an interview to "Sto Kokkino" radio station on Wednesday afternoon where he discussed the divisions within his party and the agreement he made with international creditors. Tsipras said that although he does not want...

Greenpeace activists from Greece, Italy and Spain spread a 600 square meter arrow banner today, reading "Oil is fueling Greek debt," pointing at a Greek oil-fired power plant under construction on the island of Rhodes, to reveal one of...

Greece's Supreme Court forwarded two lawsuits filed by Greek citizens against Yanis Varoufakis to parliament, which must now decide whether the former Minister's immunity should be lifted so tha he can stand trial. The lawsuits were filed by Stylida Mayor and "Teleia" party...

Ernst & Young in collaboration with Oxford Economics published a study, predicting that the impact of a Grexit on the Greek economy would be devastating, even in the case of a coordinate exit from the euro area. According to research...

The representatives of Greece's creditors due to arrive in Athens on Friday in order to start negotiations for the third bailout package have postponed their visit for Monday. The technical teams of the European Commission, the European Central Bank and...

Blatant corporate and personal tax evasion contributed to Greece’s debt crisis, but it's dwarfed by the tax avoidance of U.S. multinationals operating in countries like Australia.