IMF
Economy
Troika Rescue Aid For Greece Split Up
Greece will get its next installments of 8.6 billion euros in aid from international lenders to keep the economy afloat, but it will be divided into three payments over concern that the government's pace of reforms is lagging.
The Troika...
Economy
Troika OK's Deal Over Greek Reforms
With the clock racing before Eurozone finance ministers meet on July 8 to decide whether to approve a delayed 8.1 billion euro ($10.46 billion) installment, envoys from international lenders said they had agreed to sign off because the government...
Economy
Greece Says Troika Will Pay Up
A deadline set its international lenders to show progress on reforms has come and gone but Greek officials said they are confident a deal will be struck on July 8 ahead of a meeting with Eurozone officials to pave...
Economy
Greece's Troika Deal: Fire Crossing Guards, Janitors
Greece and its international lenders have reportedly struck a last-minute deal to keep loans coming in return for the firing of public workers, mostly those in lower pay grades, such as school crossing guards, janitors, teachers, and municipal police...
Economy
Greece On The Installment Plan
With no agreement between the Greek government and international lenders over lagging reforms, it now appears that continued aid to the country could be given out in smaller doses.
Greece was hoping for release of an 8.1 billion euro ($10.6...
Economy
ERT Giving Way to NERIT
While former workers of the closed national broadcaster ERT continued to send out a pirate signal via satellite and the Internet and protest their firing, a bill making way for the replacement station, the New Hellenic Radio Internet and...
Economy
Greek Bank Chief Joins Troika Talks
As the government tries frantically to satisfy international lenders it is making enough progress in reforms to trigger release of a delayed 8.1 billion euro ($10.6 billion) installment, Bank of Greece Governor Giorgos Provopoulos is jumping into the fray...
Economy
Greece Says Troika Deal In Sight
With Greece's international lenders setting a deadline for the end of July 5 for the government to show progress on key reforms or face a delay or cut-off of an 8.1 billion euros ($10.6 billion) installment, negotiations reportedly were...
Cyprus
Cyprus Awaits Foreign Minister Venizelos
Greek Foreign Minister Evangelos Venizelos, who as finance minister in a previous Greek government imposed losses of 74 percent on investors and holders of Greek bonds - which pushed Cypriot banks to the edge of default and forced the...
Economy
Greece Plays Troika For Time
His chair's not even warm yet but Greece's new Administrative Reform Minister, Kyriakos Mitsotakis, said he will ask the country's international lenders to give him a few more months to put together a scheme to start getting rid of...