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Greek debt

ECB Chief: Up to Greece to Decide Whether to Tap Bond Market

European Central Bank President Mario Draghi said on Thursday that it is up to Greece to decide whether to tap the bond market again, but it should be better to do so as part of an overall bailout strategy,...

Varoufakis: 'I Was Right About the Debt, and You Know it!'

Former Finance Minister Yanis Varoufakis replied to an article published in Kathimerini through his blog. Here is his reply: In a recent article entitled “Varoufakis and the 2015 debt talks – behind closed doors,” published on the English language site of...

German Parliament Approves €8.5 Billion Loan to Greece

The €8.5 billion tranche for Greece has been approved by the competent committee of the German Parliament, based on the Eurogroup agreement. Germany today gave a green light to the disbursement of the next installment to Greece. In the closed...

ECB Head Mario Draghi Puts QE on Hold

"Until sufficient details are given on debt-related measures, serious concerns remain about the sustainability of Greek government debt," noted ECB head Mario Draghi. In a letter responding to a question by Mr. Nikolaos Choudis on whether a debt sustainability...

Analysis: Greek Debt Relief With a 'Fiscal Straitjacket'

The rescue plan for Greece as agreed in the June 15 Eurogroup is doomed to fail because it is a "fiscal straitjaclet," according to a Peterson Institute for International Economics analysis. The report doubts that a 2% primary surplus for...

EU Says Greece Needs Additional Debt Relief

The EU says that Greece will need more debt relief in order to win the trust of investors, even though it’s likely to exit its rescue program with a 9 billion euro cash buffer, according to a Bloomberg report. According...

Greece Gets a Deal: Full Eurogroup Statement

The Greek government managed to get a deal with its creditors at Thursday's Eurogroup and unlock the next vital cash tranche of its bailout program. Greece’s international creditors agreed to approve the disbursement of 8.5 billion euros and to detail...

EU's Moscovici Optimistic that 'Fair Solution' on Greek Debt Relief Can be Reached at Next Eurogroup Meeting

In an interview published in the Funke group German newspaper on Wednesday, European Union Currency Commissioner Pierre Moscovici said that he is anticipating a deal to be reached between Greece and its international lenders in the next Eurogroup meeting...

Greek Debt, Quantitative Easing Out of the Eurogroup Agenda

Despite Greece's high hopes, debt relief and inclusion in the European Central Bank quantitative easing program are two issues that will not be discussed in Thursday's Eurogroup. The only thing that Athens will get in the meeting of euro zone...

Bloomberg: European Central Bank Unlikely to Include Greece in QE Soon

The European Central Bank is unlikely to include Greek bonds in its quantitative easing (QE) program for the foreseeable future, a Bloomberg report says. The ECB decision is based on the reluctance of European creditors to offer Greece substantial debt...