IMF

Moving quickly to follow the orders of international lenders to cut the public workforce, Greece has put 2,000 teachers in the so-called mobility scheme in which they will be involuntarily transferred or paid 75 percent of their already-reduced salary...

As the battle of dueling polls continues to show the ruling New Democracy (ND) Conservatives of Prime Minister Antonis Samaras and the major opposition party Coalition of the Radical Left (SYRIZA) trading places as number one, the tiny Democratic...

Just in case the Greek government didn't get the message delivered in person by German Finance Minister Wolfgang Schaeuble during an 11-hour visit to Athens that there would be no imposing losses on the country's lenders - Germany being...

Petros Doukas, who served in the finance ministry under former premiers Konstantinos Mitsotakis and Costas Karamanlis, said Greece will have to give its international lenders at least a 40 percent loss - a so-called "haircut" - because despite $325...

Greek Prime Minister has finally gotten the country's international lenders to agree to cut the Value Added Tax (VAT) for food services, including restaurants, hotel eateries, cafeterias and tavernas from 23 to 13 percent, which he said would help...

While they are insisting on austerity measures including big tax hikes for Greeks, the 28 representatives of the country's international lenders known as the Troika, who have settled in Greece as watchdogs over the country's lagging reforms, are exempt...

International Monetary Fund Gerry Rice spokesman said the agency, which has had its doubts about Greece's ability to recover from a crushing economic crisis despite $325 billion in two bailouts from the agency and the European Union and...

Eurogroup President, Jeroen Dijsselbloem, within the framework of an interview to the French newspaper, Le Figaro, said that before the end of the recovery program, the Eurozone considers providing further financial assistance to Greece within the spring of 2014. As...

Prime Minister Antonis Samaras has forwarded to the Parliament that his coalition government controls a bill that imposes more of the austerity measures he vowed not to implement and which begins the process of firing redundant workers hired for...

The Greek government has identified 4,200 workers, mostly teachers, school janitors, crossing guards and municipal police officers who will be the first to be fired if other positions can’t be found for them. They will be put into a so-called...