Greek debt

His advice to the newly elected Greek government expressed today Irish Prime Minister Enda Kenny. As he highlighted on the sidelines of the Irish Business and Employers Confederation's conference held in Dublin, Greece should follow his country's steps in order...

Internationally acclaimed American philosopher and pioneering linguist Noam Chomsky said the European Union's response to the Greek SYRIZA-led coalition government requests was "extremely savage," a reaction that Spain's main opposition party Podemos could face, as it is being projected...

European Commission President Jean-Claude Juncker said Wednesday that there could be a more flexible approach to Greece ΄s debt crisis but recent elections have not changed the fundamental situation. "Elections do not change treaties," Juncker said in an interview with...

Greece will need a new international agreement on the debt in order to meet nearly 11.5 billion euros in obligations between June and August, and without an agreement past the four-month extension of the current fiscal program this payment...

The Greek ministry of finance is rushing to raise 6.95 billion euros in March in order to meet obligations regarding its international debt. The Treasury needs to find the appropriate funds for loan installments. Specifically, there is a 1.6-billion-euro tranche...

Greece may have secured a four-month rescue program extension, however, the country’s chances of making it on its own without needing any help are increasingly lower, as pointed out by Reuters. According to the news agency, this will result in “raising...

“The Greek Finance Minister was either attempting a poker game bluff or he underestimated the severity of the Greek economic situation,” stated Eurogroup President Jeroen Dijsselbloem in an interview to Dutch television. Dijsselbloem stressed that the situation looked like two cars nearing a head-on...

The cabinet meeting chaired by Greek Prime Minister Alexis Tsipras convened earlier today, focusing on the preparation of the new government’s work as well as on the first bills to be submitted to the Greek Parliament by next week....

In March, the Greek government will have to overcome a great obstacle in paying the scheduled installments to the International Monetary Fund (IMF). While Greek ministers were thinking of postponing the repayment installments, it appears extremely unlikely that the...

The Greek debt is in dire need of a haircut, noted an opinion article in Der Spiegel’s website. According to the journalist, a haircut would be the honest choice, noting that Greece does not need more money for social...