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Greece

Greece Gets New Arms from Germany, Sends Older to Ukraine

Germany announced on Tuesday that it will send a fleet of cutting edge infantry fighting vehicles (IFV) to Greece, and then Athens will send its older weapons to Ukraine. The announcement came after German Chancellor Olaf Scholz met with Greek...

Greece Says EU Economic Response to Coronavirus 'Satisfactory'

Finance ministers of eurozone countries agreed on Thursday evening to to make €500 billion ($547 billion) available "immediately" to stimulate the EU economy that is hit hard by the covid-19 pandemic. The decision came after hours of deliberation between the...

Growth, Investment Dominate Greek PM's Meeting With Chancellor Merkel

  Greek premier Kyriakos Mitsotakis is meeting with Chancellor Angela Merkel on Thursday in Berlin, hoping to convince the German leader on aspects of his agenda for reform and growth. According to government sources, Mitsotakis' proposed plan includes presenting to the...

Germany Opposes Greek Plans to Repay IMF Loans Early, Report Says

The German Finance Ministry is believed to be opposed to Greece's plans to repay the country's loans to the IMF earlier than stipulated, the German paper Handelsblatt reported on Friday. The Greek Finance Ministry is planning to repay a sum of €3.8...

Germany Warns Greece to Fulfill Post-Bailout Commitments

German minister of Finance Olaf Scholz warned Athens to honor the commitments it undertook to exit the bailout era and stressed that the country's agreements with its partners and creditors have to be respected. In an exclusive interview with Greek...

Is Greece Out of the Woods? Key Dates from a Decade of Crisis

It has been a long and painful road for Greece and its people during a decade of economic meltdown and austerity. As analysts pick over Thursday’s deal announced at a Eurogroup meeting in Luxembourg which purports to lay down Greece’s...

Berlin Insists on Strict Conditions for Greek Debt Relief

Debt relief for Greece will only be provided under strict conditions if it happens at all, Germany's finance ministry has said. Earlier, German newspaper Handelsblatt reported that Berlin was opposed to granting debt relief without strict conditions. The financial newspaper...

German Finance Minister: Greek Debt Relief Must be Tied to Growth Plan

Any debt-relief measures for Greece will be discussed only after Athens presents a credible program that focuses on growth, German Finance Minister Olaf Scholz has said. The German finance minister, interviewed in Sunday's Frankfurter Allgemeine Zeitung, said Berlin's position -- and...

Greek Finance Minister in 'Good Talks' with German Counterpart

There was a reported "positive atmosphere" in Berlin on Friday as Greek Finance Minister Euclid Tsakalotos met recently installed German counterpart Olaf Scholz. Germany's finance ministry took to social media to describe the meeting as: "Good talks toward a new...

German Optimism about Greece’s Reform Path

Germany’s finance minister Olaf Scholz expressed optimism that Greece will complete the necessary reforms which will open the road to debt relief. In his first major interview since assuming office, the center-left finance minister vowed to remain in dialogue with...

EU's Moscovici 'Optimistic' about Greece's Future

Greece has made "huge progress" in previous years and it is now in the final stretch, with the country ready to exit its program this summer, European Financial Affairs Commissioner Pierre Moscovici told German newspaper Neue Osnabrucker Zeitung. The commissioner said...