Greek debt
Economy
Citigroup: Recession in Greece Will Continue Until 2015
According to Citigroup's new report, the recession in Greece will continue until 2015, while the Greek debt and the unemployment rate will increase. Citigroup mentions that only an Open Systems Interconnection (OSI) model can put Greece in a sustainable fiscal path.
As...
Greece
OECD Predicts Greece's Debt Will be 157 Percent of GDP by 2020
The Greek Minister of Finance, Yiannis Stournaras was stunned by the findings of the Organisation for Economic Co-operation and Development’s report concerning the course of the Greek economy. Besides the prediction of further recession (0.4 percent) during 2014 --...
Economy
Schaeuble: Negative on New Greek Haircut
The German Finance Minister Wolfgang Schaeuble, in an interview with Bild newspaper appeared negative on the possibility of a new haircut on the Greek debt. "We had a debt reduction in late 2011 - early 2012, and that's enough," said Schaeuble who...
Economy
Greek Public Debt Reaches 169.1 percent of GDP
According to data released recently by Eurostat and the European statistics authority, the public debt in 24 countries of the European Union rose during the second semester of 2013.
According to the same source, the public debt of Greece stood...
Business
Stournaras: Debt Rollοver Would Solve Greece's Funding Gap – No Debt Rollover, Says ECB
Finance Minister Yiannis Stournaras has suggested in an interview, that Greece’s financing gap could be overcome if the European Central Bank and the eurozone’s central banks decide to rollover a part of the Greek debt they are holding.
As kathimerini...
Business
IMF vs EU- Squabble on the Greek Debt and Surplus
The squabble between the IMF and the EU concerning the fate of the Greek debt is ongoing, with each side aiming to anticipate the movements of the other. On any given opportunity, they change their estimations concerning the achievement...
Economy
Greece Debt Free Donates 2M Euros
Greece Debt Free, a website set up with the intention of getting contributions to wipe out Greece's $390 billion debt and pay for years of wild overspending by successive governments, made a two million euros ($2.6 million) donation on...
Economy
ECB Says No To Greek Debt Relief
European Central Bank President Mario Draghi reiterated today that the bank would not takes losses on its Greek bond holdings in order to give Greece debt relief.
"It is pretty clear that we cannot do monetary financing," Mario Draghi said...
Economy
Bundesbank Says Greece Needs New Bailout
According to the confidential report of Bundesbank, cited by the German magazine Spiegel, Greece will need another rescue package in 2014.
In an internal document of the German Central Bank it said that that the European leaders must start immediately...
Economy
Stournaras Wants Troika to Cut Greek Debt
While many analysts contend that Greece won't turn the corner for years, Finance Minister Yannis Stournaeas, the country's champion cheerleader, said Athens will press its international lenders for debt relief beginning in November if a primary surplus can be...