Greece

German Finance Minister Wolfgang Schaeuble said that there is no need for a Greek debt haircut at present and expressed optimism that Athens and lenders will come to an agreement over the bailout program review in two weeks. Schaeuble spoke...

Greece's debt as a proportion of GDP was double the average in Europe and a sign of the Greek economy's failure, as well as indicating that the country needs a reduction of its nominal debt in order to recover,...

President of the European Stability Mechanism (ESM) Klaus Regling ruled out a haircut for Greece's state debt on Tuesday. Instead, he said the European Union is examining ways to make Greece's debt more sustainable. Regling told Reuters that Greece must...

European Stability Mechanism chief Klaus Regling dealt another blow to the Greek government's hopes for a debt haircut, noting in an interview published on Monday, that a haircut is not feasible. The ESM released the key points of Regling's interview...

International Monetary Fund Managing Director Christine Lagarde sent the message to Athens that any official discussion on Greek debt easing will take place after the first bailout program review. The IMF chief met with Greek Economy Minister Giorgos Stathakis in...

German Chancellor Angela Merkel once again rejected the possibility of a classic haircut for the Greek debt. In an interview with the German broadcaster ARD, Merkel dismissed one of the Greek government's main priorities. “A classic haircut, or adoption of 30%-40% of...

The IMF is willing to participate in the next Greek bailout program, provided that the Eurozone allows a debt haircut or restructuring, so that the debt becomes sustainable and the country can receive market financing, said the fund’s Managing...

Germany insists on its refusal to write off part of Greece's debt, despite the fact that the International Monetary Fund (IMF) claims the debt is unsustainable. German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble say that they would give...

Luxembourg Finance Minister Pierre Gramegna noted that the Eurozone governments may consider writing off part of Greece’s debt, but then the country would have to commit to a new reform package. “A haircut is not taboo for Luxembourg in the...

BBC reporter Mark Lowen came to Greece and went to a Greek barbershop in Athens where he produced a video explaining in "layman's terms," what the new Greek coalition government essentially means by a "debt haircut." The result was a...

The bailout program must continue with all reforms implemented and there will be no debt writeoff, said Greece's European partners ahead of the crucial elections on January 25th. Pierre Moskovici, Wolfgang Schäeuble, Jean-Claude Juncker and Christine Lagarde, said essentially the...

A haircut on the Greek debt capital will not be discussed, said several EU executives, including Prime Minister of Finland Alexander Stubb, according to a report in real.gr. "There is no political will among euro zone member states for debt...

If main opposition SYRIZA comes to power in possible snap election next year, it will demand a reduction in Greece's debt from its bailout program, party leader Alexis Tsipras said earlier today during a financial conference in Athens. According to the...

European Stability Mechanism (ESM) Managing Director Klaus Regling stated to Greek newspaper "Realnews" that Greece’s international lenders are “not in the mood” to consider a debt haircut. "There is no political mood in the EU or the IMF for a Greek...

The new German proposal addresses the financial crisis that is plaguing Greece with a new bailout loan, more debt haircuts and a more responsible attitude on Greece's part. This was stated by the German Institute for Economic Research president, Marcel Fratzscher who added...