IMF
Economy
Provopoulos Repeats Greek Recovery Coming
Bank of Greece chief George Provopoulos, who has predicted an economic recovery for the past few years, now says it looks like it's really going to happen and he'd like to keep his job for a second term.
"The prospect...
Economy
IMF Says Greece Needs Help For Next Two Years
It is likely that Greece may need further help from the eurozone over the next two years despite the yesterday’s successful return to bond markets, warns the head of the European department of the International Monetary Fund Reza Moghadam.
“The...
Economy
Merkel To Samaras: Show Me The Surplus
A visiting German Chancellor Angela Merkel told Greek Prime Minister Antonis Samaras in Athens she first wants to see proof there will be a primary surplus before any talks of debt relief.
Samaras has said there will be a primary...
Economy
In Athens, Merkel Seals The Deal
German Chancellor Angela Merkel, visiting Athens on April 11 under tight security the day after a terrorist car bombing and Greece's first sale of a sovereign bond in four years, was expected to sign a deal with a Greek...
Economy
Samaras Says The End (Of Crisis) Is Near, But Skeptics Abound
After selling its first sovereign bond since seeking international bailouts four years ago, Greece has shown that it has taken a "decisive step to exit the crisis," Prime Minister Antonis Samaras said the issuance of a five-year instrument for...
Economy
First Greek Bond In Four Years Brings 4.75% Rate
Greece's first cautious return to bond markets has come with a 3 billion euro ($4.15 billion) five-year instrument that has brought a yield of 4.75 percent, far below what had been paid during the height of a crushing economic...
Economy
Greece Readies First Bond Since 2010
Just a couple of days after Finance Minister Yannis Stournaras said the government wasn't ready to issue its first long-term bond in four years, Greece is ready to do so on April 10, a day before German Chancellor Angela...
Economy
Mitsotakis Says Greece Back, Lower Interest Rates Key
Greek Administrative Reform Minister Kyriakos Mitsotakis, the man in charge of firing thousands of public workers in an austerity drive, said the big spending cuts and tax hikes are paying off with a looming recovery that will be buoyed...
Economy
Stournaras: No Rush For Bond Markets
With the investment seemingly ready to embrace the first Greek bonds since the country went into a crushing financial crisis four years ago, Finance Minister Yannis Stournaras said it won't happen soon.
"We will return by the summer, within the...
Economy
Schaeuble: No Haircut in Greece But New Bailout Possible
The reports of Greece's return to life may be greatly exaggerated.
Despite the impending release of a long-delayed 8.3 billion euro installment from international lenders and a primary surplus of as much as 2.5 billion euros, Greece may yet need...