Troika

ATHENS – The seemingly endless saga of the rule of international lenders over Greece’s economy will take a summer hiatus but will pick up again in September when inspectors from the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) Troika...

ATHENS – Greek Prime Minister Antonis Samaras, who during the campaign before the June 17 elections said he would seek renegotiations of bailout deals with international lenders – but after being elected said he wouldn’t – then said he...

ATHENS – The new coalition government led by Prime Minister Antonis Samaras’ New  Democracy party is mulling whether to offer a new amnesty to tax evaders in  a bid to bring in about 1.5 billion euros, or $1.81 billion...

The troika returns to Athens today to begin an assessment of the second multi-billion euro bailout for Greece. It is widely expected that officials from the European Commission, European Central Bank and the International Monetary Fund will find that Greece...

ATHENS – With the arrival of inspectors from international lenders in Greece this week to check on the progress of delayed reforms, speculation is growing that the country is inevitably heading toward an exit from the Eurozone of the...

German Economy Minister Philipp Roesler on Sunday reiterated his doubts about whether debt-mired Greece would be able to stay in the euro zone, saying the 'horror' of a potential exit had worn off. Mr Roesler told ARD public television that...

The Economist magazine reported on troika's upcoming return to Greece. Entitled 'The Troika is Coming: Greece's new government is scrambling to find more spending cuts," the editor comments that "Greece tried but failed to find €11.5 billion of spending cuts demanded...

The European Central Bank said Friday it would suspend "for the time being" the eligibility of Greek sovereign bonds as collateral for its loans to banks. Greek sovereign bonds "will become for the time being ineligible for use as collateral...

ATHENS – Fotis Kouvelis, leader of the tiny Democratic Left party that is a partner in New Democracy Conservative Prime Minister Antonis Samaras’ uneasy coalition with the PASOK Socialists, has warned that Greece may yet default on its loans...

ATHENS - Greek Prime Minister Antonis Samaras and his coalition partners have agreed on little more than half of the $14.1 billion in cuts demanded by international lenders over the next three years, but agreed that there would be...