IMF
Economy
Deadline Missed, Troika Talks Push On
Having missed a self-imposed deadline to reach an agreement with international lenders, Greek government officials were meeting with them again on March 17 trying to find a resolution over unresolved reform, although too late to get approval of a...
Economy
Greece Races To Finish Troika Deal
Greek officials on March 16 were pushing to meet a self-imposed deadline by the end of the day to conclude a long-sought deal with envoys from official lenders before a next-day session of Eurozone finance ministers in hopes of...
Economy
Richest and Poorest Paid Highest Cost for Austerity in Greece, IMF Report Shows
The poorest but also the richest Greeks were those hardest hit by austerity measures taken in the country, losing the largest chunk of their available income, according to an International Monetary Fund (IMF) report on fiscal policy and income...
Economy
Greece Wants Debt Cut, Not Another Bailout
Greece is raising the prospect of debt relief with international lenders as Prime Minister Antonis Samaras announced a primary surplus of 1.5 billion euros as proof the country's battered economy will begin to rebound this year.
Samaras said, however, he...
Economy
Samaras Tells The Troika: "No"
Prime Minister Antonis Samaras has reportedly rejected Troika demands he not return most of a coming primary surplus to low-income pensioners, the police and military and said the government will also refuse to give supermarkets the right to sell...
Economy
EU Official Concerned over Excessive VAT Evasion
A top European official expressed his concerns on Tuesday regarding the high value-added tax (VAT) evasion in Greece, which is estimated to amount to 9 billion euros or 4.7% of the country’s gross domestic product (GDP).
Within the framework of...
Economy
Greek Lawmakers Resist Axing State Bodies
A parliamentary committee is objecting to government plans to close 21 organizations deemed no longer useful, saying it violates the Greek Constitution.
The shutdowns were ordered by the country's international lenders, the Troika of the Europoean Union-International Monetary Fund-European Central...
Economy
Greece, Troika Wrangle Over Surplus
Prime Minister Antonis Samaras' vow to return 70 percent of an expected 1.5 billion euro ($2.07 billion) primary surplus to people most affected by crushing austerity measures is being challenged by international lenders who want more of it diverted...
Greece
Shootout In PASOK Lifeboat
PASOK Socialist chief Evangelos Venizelos' already shaky hold on his fast-fading once-dominant party took another blow when Infrastructure Minister Michalis Chrysochoidis sided with the group's previous leader, former premier George Papandreou in a dispute over whether the Leftists should...
Economy
Eurozone Squeezes Greece For Troika Deal
While praising Greece publicly for making progress on reforms, Eurozone finance chiefs privately told Finance Minister Yannis Stournaras they are disappointed at the lack of progress and pressured him to come to terms with international lenders by March 14.
During...