Lenders
Economy
Institutions in Athens on Monday to Conclude Bailout Review and Discuss Debt
International institutions are due back in Athens on Monday to further discuss the bailout review and debt relief for Greece.
Recently at their Spring Meetings in Washington, the International Monetary Fund (IMF) further discussed the issue of debt relief, but...
Greece
Banks Concerned About January's Spike in Non-performing loans
Banks are becoming increasingly concerned about Greece's sudden rise in new bad loans since Janauary of this year.
Banks sources have reported that the spike in January contrasts drastically the path that financial institutions thought the country's non-performing loans (NPLs)...
Economy
Government Wants 'Political Solution' for Program Review at Next Eurogroup
Greece wants to achieve a "political solution" on the whole package of measures (reforms, primary surpluses, mid-term measures on debt) negotiated with its lenders at the Eurogroup on February 20 and will figure out the details later, Finance Minister...
Economy
Eurozone Finance Ministers Far From Agreement on Fate of Greek Debt as Monday's Meeting Looms
On Sunday the AFP reported that the distance between eurozone finance ministers who are set to meet on Monday, December 5 to discuss the prospects of the third bailout for Greece as well as possible debt relief strategies are...
Economy
FinMin Schaeuble : Greece Needs Structural Reforms, Not Debt Relief
According to Reuters, on Sunday Germany's finance minister, Wolfgang Schaeuble commented to the German newspaper Bild am Sonntag that he believes the answers to Greece's financial woes should come in the form of reforms rather than debt relief.
In order to sustain itself...
Economy
Greek Parallel Economic Bill Withdrawn
The Greek government was forced by international lenders to withdraw the parallel economic program bill from parliament on Thursday, while the Euro Working Group was meeting on the completion of the 13 prerequisites for the approval of the 1...
Economy
Lenders Expect New Greek Gov't to Present State Budget at Oct 5 Eurogroup
The Greek government that will come out of the September 20th elections will have to present the new state budget tabled at the Greek Parliament at the October 5th Eurogroup.
The new Greek finance minister will have to present the...
Economy
European Stability Mechanism: 'Little Time Left for Greece'
German economist and head of the European Stability Mechanism Klaus Regling noted that “time is running out for Greece to reach an agreement with its lenders and there will be no further funds for Athens without it,” during an...
Economy
SYRIZA Hard Leftists Disagree With Concessions in Negotiations
The SYRIZA "leftist platform" didn't take the sudden positive developments in negotiations very well after Wednesday's joint statement of lenders that they will help Greece achieve financial stability and growth.
The party's hard leftists, led by Minister of Productive Reconstruction,...
Economy
Varoufakis: Concessions to Reach Deal, Lenders Push Us to the Limits
Greece will make concessions in order to reach an intermediate deal that would increase liquidity now, and then come up with a comprehensive list of reforms for a final deal in June, Finance Minister Yanis Varoufakis said.
"We are putting...