Greece
Economy
Bankers: Athens' Provisional Agreement With Lenders Is a Step Towards QE Program, But More Time Is Necessary
Following the provisional agreement between Athens and its lenders, senior bank officials have said that such an agreement is a notable step towards returning the Greek economy to normal - something which will send the country on its way...
Economy
Greek Central Banker Says Capital Controls to be Eased Soon, Debt Relief Needed
Bank of Greece Governor Yannis Stournaras said that Greece will soon ease capital controls, however, full liberalization would depend on progress regarding Greek debt relief. The country’s debt burden is also a precondition for entering the European Central Bank’s...
Economy
Tsipras Pushes for Greece to be Included in ECB's Quantitative Easing Program, ASAP
Greece deserves to be included in the European Central Bank’s (ECB) quantitative easing program as soon as possible, which is why the country’s debt must be discussed, Prime Minister Alexis Tsipras said on Sunday, during his speech at a...
Economy
European Central Bank to Accept Greek Bonds as Collateral
The European Central Bank has once again agreed to accept Greek bonds as collateral for loans in order to aid the country's struggling banks, says a Financial Times report.
The move comes after Wednesday's agreement between Greece and creditors that...
Economy
Greek PM Tsipras Rounding Up Support for Greek Debt Relief
With the next eurozone meeting just around the corner Prime Minister Alexis Tsipras has put his charm on this week, speaking on the telephone with French President Emmanuel Macron, German Chancellor Angela Merkel as well as European Council's President...
Economy
Chouliarakis: A Good Deal Today is Preferable to a Better Deal Tomorrow
A good deal today between Greece and its creditors is preferable to a better deal tomorrow, Alternate Finance Minister George Chouliarakis said in an interview with “Kathimerini” newspaper on Saturday.
He believes the country will be included in the European...
Economy
Greek Fin Min Urges Euro Zone Peers for Quick Debt Relief
Greek Finance Minister Euclid Tsakalotos urged creditors to agree on debt easing measures before the end of the year in order for the country to come out of the seven-year economic slump.
Tsakalotos spoke to The Wall Street Journal, in...
Economy
Dragasakis: Debt Relief Is 'Key' to Greece's Financial Recovery
The government is continuously requesting debt relief for Greece, government vice-president Yiannis Dragasakis said on Tuesday while speaking at a conference of the Greek Tourism Confederation (SETE).
“The government ceaselessly demands a settlement of its debt issue, as the agreement itself...
Economy
ECB Profits from Greek Bond Holdings at €7.8 Billion
The European Central Bank has made nearly €8bn in profits from its holdings of Greek government debt, according to a written response provided by the ECB to a Greek MEP request.
According to the response, holdings of Greek sovereign bonds...
Economy
Draghi: ECB Waiting for Measures That will Make Greek Debt Sustainable Long-Term
The European Central Bank (ECB) is waiting for the measures that will make Greek debt sustainable in the long-term in order to decide on Greece's participation in the quantitative easing program, central banker Mario Draghi said on Monday, testifying...
Economy
Greek PM Changes Course, Ready to Back Down on Debt Relief Issue
Greek Prime Minister Alexis Tsipras appeared to change his narrative regarding debt relief and seems ready to accept the creditors' position that the debt issue will be discussed again after the end of the current bailout program in the...
Greece
Mitsotakis: 'The Government Cannot Lead the Country Out of the Crisis'
The government is bringing the fourth bailout for Greece by legislating new measures in advance, New Democracy leader Kyriakos Mitsotakis said in an interview with private TV station ANT1 on Wednesday night.
“By voting for new measures, it is bringing...
Economy
Member of Executive Board of ECB Says it is Vital for Greece to Succeed in Third Bailout
There is no issue of a fourth bailout program for Greece but it is vital for the country to succeed in the third program, Executive Board member of the European Central Bank (ECB) Benoit Coeure reportedly told Greek newspaper Efimeritha...
Economy
President Pavlopoulos: Only the Issuing of a Eurobond Could Resolve Debt Crisis
The issuance of a type of Eurobond is the only way to resolve the debt crisis in the Eurozone, President Prokopis Pavlopoulos said during a ceremony to proclaim him an honorary Doctor at the University of Patras on Sunday.
“Only...
Economy
Greece Should Resume Policy Dialogue and Agree on Reforms, Draghi Tells MEPs
The European Central Bank’s expanded asset purchase program, better known as “quantitative easing” (QE), is starting to make headway across the EU, ECB President Mario Draghi told Economic and Monetary Committee MEPs on Monday. Draghi also reported on the...