Greece

The German newspaper, Handelsblatt describes the Troika as the most unpopular institution in Europe. The newspaper underlines that the Troika will monitor Greece for another 50 years in an article entitled “50 years of Troika”. The author of the article...

Former International Monetary Fund (IMF) European Department Director until 2014 and supervisor of Poul Thomsen, Reza Moghadam, requested the write-off of half of Greece's debt. In a letter to The Financial Times on January 26, the current Vice Chairman...

Through an email sent late last night, the troika of international creditors continue to insist on their strict demands and are stalling the final review date. Greece 's latest proposals include raising the value added tax on hotel services to...

Greece is set to send by Saturday, new proposals on several key issues that remain unresolved in its negotiations with the troika of international lenders. The coalition government hopes that the review will be concluded by the Eurogroup on...

Four years ago, on Friday April 23, 2010, the then Greek Prime Minister George Papandreou visited Kastelorizo, eastern Greece and announced that the country will have to resort to the supporting mechanism of the IMF and the EU. From that day...

Despite a primary surplus and a tepid return to the bond markets, Greece's debt is still so unsustainable that European Union officials are reportedly preparing to extend repayments on 240 billion euros in two bailouts as much as 30...

Greece's first cautious return to bond markets has come with a 3 billion euro ($4.15 billion) five-year instrument that has brought a yield of 4.75 percent, far below what had been paid during the height of a crushing economic...

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...

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...

With Prime Minister Antonis Samaras touting what he says is a looming economic recovery this year, Greece's international lenders say he should forget about returning to the markets the country has been locked out of for four years because...

About 350,000 Greek retirees have been waiting in lines anywhere from six months to four years, looking for someone in the Greek public sector to inform them on when they will start receiving their pension. The debt to unpaid pensioners...

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...

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...

The latest scheme to save the Greek economy include an idea that may include extending the maturity on rescue loans to 50 years and cutting the interest rate on some previous aid by one-half percent, according to two officials...

The Greek government decided on the unseizable increase in salaries and pensions to the amount of 1,500 euro and the increase of duration of protection of the payroll accounts of each seizure type in one week. Meanwhile, Greek Prime Minister...