Greece
Economy
Greek Reforms Cut 'Gross Imbalances and Mistakes'
It was only in the last year of Greece’s bailout that the SYRIZA administration embraced the program, Thomas Wieser, outgoing president of the Eurogroup Working Group responsible for Greece has said.
In an interview on his departure from the post...
Greece
IMF Chief Backs Tough Greek Reforms
Controversial reforms recently approved by the Greek parliament have been welcomed by the head of the IMF, Christine Lagarde.
In comments reported by the Athens-Macedonian News Agency, Lagarde said Greece was now “better equipped to grow in the future”.
However, the...
Economy
EU Commission Report Praises Greek Reforms, Asks for More
The European Commission talked up the Greek government's reform drive, but warned that more reforms are required, as creditors are reviewing the bailout terms and considering a post-bailout landscape for Greece.
“Greece has undertaken significant reform efforts across all policy...
Economy
IMF Rep Velculescu: Greek Reforms are Toxically One-Sided in Class Structure
International Monetary Fund Representative Delia Velculescu met with the leadership of the General Confederation of Greek Workers (GSEE) at the Bank of Greece (BoG) building. The meeting, called by Velculescu ran for one and a half hours and took place...
Economy
ANEL Junior Government Partner Says Greek Reforms are Unconstitutional
Greek right-wing Independent Greeks (ANEL) leader Panos Kammenos, the junior partner of the leftist SYRIZA government, appeared on TV Presenter George Papadakis' morning show on Friday. He criticized many of the measures voted through in Greek Parliament stating that...
Economy
European Central Bank in Line With IMF on Greek Reforms
The European Central Bank is in line with the International Monetary Fund on the need for deep reforms in Greece, ECB executive board member Benoit Coeure said on Tuesday.
"We fully agree with the IMF on the need for a...
Economy
Eurogroup Urges Immediate Implementation of Greek Reforms for Additional Funds
The first Eurogroup meeting following the formation of the new Greek government resulted in an agreement on the next steps that must be followed for additional bailout funds to be poured into Greece.
According to Greek media reports, Greece was the topic of discussion for approximately 20...
Economy
Spokeswoman for German FinMin Wolfgang Schaeuble: 'Greek Reforms Must Continue'
"The reforms must continue", German Finance Ministry alternate spokeswoman Friederike von Tiesenhausen said on Friday.
"It is well known that due to the elections procedure in Greece, the implementation of reforms was not the first priority," she added.
She underlined...
Economy
Obama and Merkel Stress the Need for Greek Reforms
U.S. President Barack Obama visited Krün, Germany, on his way to the G7 summit, where he was greeted by alpine horns and men in traditional lederhosen attire. He met with German Chancellor Angela Merkel and discussed about the recent developments regarding the Greek...
Economy
EU Officials Say Greek Reforms List 'Theoretical' and 'Arbitrary'
The list of proposed reforms the Greek government submitted to the Euro Working Group in order to close the fifth review is lacking in legislative actions or technical methods that would help achieve the objectives stated, a real.gr report...
Economy
Greek Reforms List Under Brussels Group Microscope
The reforms list presented by the Greek government is currently being examined by the Brussels Group, as part of the negotiations between Greece and its lenders.
The Greek side hopes that an agreement will be reached within the week, so that...
Economy
Eurogroup Teleconference Green Lights the Greek Reforms List
The Eurozone Finance Minister's held a teleconference on Greece's reform plans and a four-month extension of its bailout, with the participation of the International Monetary Fund (IMF) Managing Director Christine Lagarde, the European Central Bank (ECB) President Mario Draghi...
Economy
BoG Governor Talks About Success of Greek Reforms
Governor of the Bank of Greece Giorgos Provopoulos argued in a Wall Street Journal article Monday that the implemented reforms in Greece have produced results, while underlining that the biggest challenges for the country are complacency and reform fatigue.
In...
Economy
Troika Says Greek Reforms Still Lag
After more than three years of insisting, demanding, pestering, pleading, threatening, cajoling, badgering and negotiating with successive Greek governments to make reforms needed for bailout loans to keep coming - which always have, even when there was a failure...
Economy
ECB's Asmussen Pushes Greek Reforms
European Central Bank board member Jorg Asmussen, in Athens to assess progress on delayed reforms needed for release of more rescue loans, said has said that Greece must step up its pace and that the banking system will...