Greek default
Economy
U.S. Warns Against World Economy Effects of Potential Greek Default
The United States through Treasury Secretary Jack Lew warned on Friday of a possible negative effect for the world economy if Greece and its creditors miss their deadline to avert a debt default.
As the deadlock in negotiations between Greece...
Economy
Greek Govt: 'Greece Aims to Clinch a Deal With Creditors by Sunday'
The Greek government's optimism is based on specific facts and the progress made, government spokesman Gavriil Sakellaridis said on Thursday, during the daily press briefing. The government's aim is to have an agreement with the partners by Sunday, he...
Economy
Tsipras: 'Greece Is on the Final Stretch Toward a Bailout Deal'
Greek Prime Minister Alexis Tsipras told media on Wednesday afternoon that Greece is finally close to an agreement with its international creditors in order to receive the emergency cash the country needs to avoid a potential default.
"We took many steps. We are...
Economy
Greek Deputy Finance Minister Orders The Transfer Of Public Accounts
As Greece is running out of funds, Greek deputy finance minister Dimitris Mardas ordered the transfer of 1,039 bank accounts of public authorities in a special account in the National Bank of Greece (NBG).
With fears of a forthcoming Greek default triggering...
Economy
IMF Says ‘Progress’ with Greece, But Document Leaks 'Default' Scenario
As Greece is running out of cash and the talks with its European and IMF creditors on additional financial aid have been deadlocked on the pretext that Greece has to implement substantial reforms, such as pension cuts, labor market liberalization, and...
Economy
Italian Economy Minister: No 'Plan B' on Greece
Rumors over a so-called "Plan B" on a solution to Greece's long-standing crisis have been topping international media in recent weeks, although top European officials have rejected the speculation. Today it was Italian Economy Minister Pier Carlo Padoan to add his voice...
Economy
No 'Plan B' For Greece, Govt Official Says
Greece and its international creditors have not agreed on a "Plan B" in case the country fails to pay the International Monetary Fund (IMF) on time or default, as there is still no agreement over the disbursement of its bailout funds,...
Economy
Greek Govt Vice President: We Will Not Cross Our Red Lines in Negotiations
The Greek government's intention not to cross the red lines it has set in regards to the ongoing negotiations with the country's partners expressed, yet again, yesterday government Vice President Giannis Dragasakis. In an interview to Greek newspaper "To Vima," published...
Economy
Forbes: Greece Should Beware Russians Bearing Gifts
The Greek expectations from Prime Minister Alexis Tsipras' upcoming visit to Moscow have become the center of international media, while European officials, such as the European Parliament President Martin Schulz, have warned Athens to be cautious towards Russia and...
Economy
What Happens If Greece Fails to Repay Its IMF Loans Due April 9?
Greece is only four days ahead of another crucial deadline as on Thursday it has to repay some 450 million euros to the International Monetary Fund (IMF), among the three institutions participating in its bailout program. At the same...