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IMF

Inspection Finds Greek Workers No-Shows

With the Greek government backing off commitments to fire up to 8,000 public workers who are disciplinary problems, have committed felonies, faked their credentials, are insubordinate or present problems in other areas, surprise inspections of ministries and and state...

Cyprus Needs Another $7.87 Billion

A 10 billion euros ($13 billion) bailout that hasn’t arrived yet won’t be enough to keep Cyprus’ economy from toppling, despite 7 billion euros ($9.19 billion) the government is raising, and it will have to come up with another...

Greek Jobless Rate A Record 27.2%

Only days after Greek Prime Minister Antonis Samaras said that for the first time since austerity measures were imposed three years ago that more people were being hired than fired, the country’s statistics agency ELSTAT said unemployment hit another...

Tsipras Says Samaras Surrendered To Troika

Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras said that Prime Minister Antonis Samaras' coalition government's constant relenting to demands from international lenders is proof that the country needs new leadership and accused the New Democracy Conservative leader...

Troika Freezes National-Eurobank Merger

The announcement that the National Bank of Greece and Eurobank will stage their recapitalization has effectively frozen plans for them to merge as the government wanted, but which was opposed by the country's international lenders, the Troika of the...

Stournaras Says No More Austerity

Greek Finance Minister Yiannis Stournaras, engaged in tough talks with the country's international lenders, said after another round of negotiations on April 7 that he's confident that Greece will soon get a delayed 2.8 billion euros ($3.64 billion) installment...

Troika Agrees Replacing Problem Workers

Greece's international lenders have reportedly agreed to allow the government to hire 1,000 new public workers - if it fires 1,000 problem workers found to have violated their oaths or faced disciplinary action for a range of issues such...

Stournaras Tells Troika: "Take The Keys!"

Greek Prime Minister Antonis Samaras took over talks with international lenders on April 7 after his Finance Minister Yiannis Stournaras fired back at them over continued demands for austerity measures, including the firing of 25,000 workers and said if...

Samaras Wants Troika To Back Bank Merger

Prime Minister Antonis Samaras is planning to go head-to-head on April 7 with envoys from international lenders who are in Athens checking progress on reforms before releasing a 2.8 billion euros ($3.5 billion) overdue installment and will push them...

Papandreou Won't Testify On Lagarde List

Former prime minister George Papandreou has said he won't appear before a parliamentary committee investigating a list of 2,062 Greeks with $1.95 billion in secret Swiss bank accounts that was never checked for tax evaders at a time his...