IMF
Greece
Greek Bank Chief Defends Stress Tests
Bank of Greece chief George Provopoulos said a stress test conducted on the country's four ailing major banks deliberately was conservative on how much they would need in recapitalization funds so investors wouldn't be scared off.
While the tests for...
Economy
Fresh Milk Fight Could Spoil Troika Deal
Greece's deal with international lenders to unlock a nine billion euro installment was in peril after two more lawmakers from the coalition's ruling parties said they would vote against it, objecting to a provision that would extend the shelf...
Greece
Samaras: Europe Must Invest in its Human Capital
With Greece holding the symbolic rotating European Union Presidency until June 30, Prime Minister Antonis Samaras, speaking in Brussels, said that fighting unemployment and investing in the bloc's human capital is a priority, although neither he nor his colleagues...
Economy
SYRIZA Says Troika Deal PR Stunt
While Greek Prime Minister Antonis Samaras has hailed a deal with international lenders as a saving grace, the main opposition party Coalition of the Radical Left (SYRIZA) said it was designed to buy votes ahead of critical elections in...
Economy
Troika Says Bank, Surplus Questions Remain
With Greece celebrating a deal with international lenders that could open the door for long-delayed installments and critical cash, there came a warning that the country's banks need more money because of bad loans and over the size of...
Economy
SYRIZA Leading, But 'To Potami' Rising
A Pulse survey for the satirical newspaper To Pontiki (The Mouse) gives the major opposition Coalition of the Radical Left (SYRIZA) a two percent edge over the ruling New Democracy in the May elections for the European Parliament, but...
Economy
Greece Among IMF's All-Time Top Three Mistakes
The IMF was too optimistic in its predictions for Greece prior to lending, and lowered its internal standards to do so, according to an internal IMF audit released Tuesday. The report highlights the miscalculations made by the IMF in countries such...
Economy
Samaras To Troika: Show Me The Money
After reaching a still mostly-secret agreement with international lenders, which included a big cut in how much money from a primary surplus would go to people most affected by austerity, Greece now wants a quick release of a long-delayed...
Economy
Greece, Troika Finally Strike Deal
Seven months after they started negotiations on a long series of unresolved reforms, Greece and its international lenders have reportedly reached a draft agreement after more than a week of non-stop talks.
The deal came too late to be considered...
Greece
Troika Wants Union Powers Cut
Greece’s international lenders say the country's state-financed labor unions are too powerful and want their powers reduced, including the right to strike.
The government of Prime Minister Antonis Samaras, which has been subject to a series of strikes and protests...