IMF
Economy
Greek Druggists Want Sales Monopoly
Greek pharmacists, already angry the government is months behind paying them overdue subsidies for the country's health care system, said they will resist reforms that would allow non-prescription drugs such as aspirin to be sold in supermarkets.
The druggists say...
Economy
Long Troika Talks Stall Yet Again
A week after saying it had a deal in hand, the Greek government now is admitting that negotiation with its international lenders have sputtered again over unresolved reforms and a disputed hole in the 2014 budget.
Envoys from the Troika...
Greece
FT Insists Greek Banking System Needs 20 Billion Euros
The Financial Times published another article concerning the Greek economy stressing the fact that Greek banks are in need of a 20 billion dollar capital, even though the IMF denied it yesterday and spoke of a 5.5 billion recapitalization.
This...
Economy
Troika Pushes Greece On Privatization
International lenders are asking Greece to increase the pace of privatizing state enterprises to meet fiscal targets and complete unfinished reforms.
The IMF-EU-ECB Troika envoys are visiting Athens to discuss how the government will close a 2.4 billion euro gap...
Economy
Olive Tree Down: PASOK, The 58 Fall Out
Greece’s already-fractured Center-Left spun out of control into a vortex on Feb. 25 when The 58 Initiative, a collection of intellectuals and academics hoping to unify the alignment, said it would not work with the vanishing PASOK Socialists to...
Economy
Not So Fast: Troika Talks Tough
Greece's claim that a deal with its international lenders was imminent over unsettled reforms and a hole in the 2014 budget appeared overly optimistic as the two sides became involved in tough negotiations that must be finished before a...
Economy
FT: Greece's Banking Sector Needs 20 Billion Euros
The Financial Times in an article reports a debate between the troika and the Greek coalition government, concerning the amount of money that Greek banks need in order for Greece’s banking sector to be healthy.
On the one hand the...
Economy
Greece Sees Troika Deal At Hand
Even before talks were due to resume on Feb. 24 with envoys from international lenders, Greece's coalition government said it was confident of reaching a deal in talks that have sputtered for almost six months.
Representatives from the Troika of...
Economy
Tsipras Calls For Greek Debt Cut
Greece's main opposition leader is certain his party will be in power next year and his first order of a business will be to seek a cut in the $325 billion it owes international lenders. If that fails, SYRIZA's...
Economy
Papandreou Claims Primary Surplus Was His Doing, Blasts Samaras
More than two years after he was hounded out of office by protests, strikes and riots over austerity measures he imposed on the orders of international lenders, former Prime Minister George Papandreou said he laid the groundwork for a...