Greek debt
Economy
Greek Sovereign Debt at €312.6 Billion
Greek central government debt fell to 312.701 billion euros at the end of the first quarter of 2015, down from 324.127 billion at the end of December 2014, official figures showed on Wednesday.
The Public Debt Management Agency released the figures...
Economy
Greek State Coffers Contain Less Than €800 Million
Greek state coffers had less than 800 million euros at the end of March, according to State Treasury figures.
Greece is entering the final stage of negotiations with creditors, with practically empty coffers, as only 796.5 million euros were available at the...
Economy
Greek Debt: What Is an 'Honest Deal'?
There is a lot of talk in the past few weeks about resolving the Greek debt issue by coming to an "honest deal" with creditors. The Greek government keeps saying that it seeks an honest deal and not a new Memorandum.
This...
Greece
Greece: Political Stress in Debt and Social Justice
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By Johnna Montgomerie*, Goldsmiths, University of London
Greece is back in the news (has it ever left?) with a new debt payment looming and the ruling Syriza Party increasingly marked by internal tensions. The call from some in the party to...
Economy
European Commission President Sees Agreement with Greece by Early June
European Commission President Jean-Claude Juncker said he expects that Greece and its international creditors will come to a financial aid agreement by early June.
There has been optimism within the Greek government in the past few days that a deal will...
Greece
Greece and Germany Have More In Common Than You Think
By Andreas Bieler, University of Nottingham and Jamie Jordan, University of Nottingham
Concerns over Greece’s ability to pay the debt it owes to the European Commission, European Central Bank and IMF continue unabated. While a great deal of coverage is given...
Economy
Varoufakis: Greek Debt Unsustainable, ECB Bond Pushback Needed
Greek Finance Minister Yanis Varoufakis said that the Greek debt is unsustainable and Athens needs to delay payment on 27 billion euros of Greek state bonds to the European Central Bank (ECB).
In July and August, Greece has to pay 6 billion...
Economy
Greek Budget Revenue up 15.2% in April
Greek net budget revenue surpassed target by 15.2%, or 500 million euros, in April offering a large breather to the country's Finance Ministry in managing its obligations.
A Ministry announcement on Wednesday attributed this positive development to a massive response...
Europe
Germans Choose Greece For Their Holidays
The charm of Greece’s magnificent landscapes, embellished with golden beaches stretching along over many kilometers, azure skies, crystal clear waters and picturesque islands, drew around 2.5 million Germans in 2014, according to official data.
Despite the uncertainty concerning the country's stay in the...
Economy
Greece Taps Emergency IMF Reserves to Pay Installment
The Greek government had to tap emergency reserves in its holding account at the International Monetary Fund in order to secure the 750 million euros that were required to pay the IMF dent installment on May 12, noted a...