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Greece

Billion-Euro Debt Relief Measures Approved for Greece

The Board of Directors of the European Financial Stability Facility (EFSF) approved on Thursday debt relief measures for Greece totaling almost one billion euros, the European Stability Mechanism said in a press release. The EFSF will reimburse the 103-million-euro step-up...

IMF Insists on Greece Debt Relief Measures

International Monetary Fund spokesman Gerry Rice expressed the Fund's willingness to work with Greece's European partners for a solution that will credibly reduce the country's debt, and lead it to a viable recovery. During a regular briefing in Washington, DC,...

IMF's Velculescu Says Debt Relief Measures Must be Specified; Gov't Must Implement Reforms

International Monetary Fund's Greece mission chief Delia Velculescu said on Wednesday talks among Greece's creditors to specify the debt relief measures which will be offered to Greece must be completed soon. Speaking at an Economist conference in southern Athens, Velculescu...

Greek FinMin: Creditors Must be Clear on Debt Relief Measures (video)

Greek Finance Minister Euclid Tsakalotos stated on Wednesday that creditors must come to a clearcut decision on the Greek debt issue. Speaking at an Economist forum entitled "Greece: A Comeback to the Financial Markets?" in Frankfurt, Tsakalotos said that, "Everyone...

Europe-IMF Still Disagree on Greek Debt Relief Measures, Primary Surpluses

European creditors and the International Monetary Fund are still in disagreement over debt relief measures for Greece, as time is running out for the completion of the bailout program evaluation. The IMF Spring Meetings in Washington did not go as...

ESM and EFSF Unblock Short-Term Debt Relief Measures for Greece

The boards of the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) have approved the unblocking of short-term debt relief measures for Greece, the ESM announced on Monday. In a statement after the board meetings, ESM Managing...

ESM Expects Green Light in January for Greek Debt Relief Measures

"We expect by the end of January the official green light for the Greek debt relief measures," said Calin Anev Jansa, a member of the European Stability Mechanism Board (ESM, in an interview to Dow Jones news agency, according...

Dijsselbloem: Talks on Short-Term Debt Relief Measures for Greece to Resume in January

Eurogroup president Jeroen Dijsselbloem said on Saturday that talks on short-term debt relief measures for Greece would be resumed after being frozen mid-December over Athens' decision to pay a Christmas bonus to pensioners. Dijsselbloem stated that Greece's creditors agreed to...

Creditors Decide to Delay Greek Debt Relief Measures

Greece's creditors decided on Wednesday to delay debt relief measures expecting a letter of commitment from the Greek government that the social aid measures taken are for one time only. Finance Minister Euclid Tsakalotos is due to send a letter...

Euro Working Group Not Unblocking Greek Debt Relief Measures Yet

The Euro Working Group has not decided on Tuesday to unblock debt relief measures for Greece after Athens decided to give a Christmas bonus to pensioners and reduce VAT on certain Aegean islands. The short-term debt relief measures were decided...

Euro Zone Freezes Debt Relief Measures after Tsipras' Steps on Pensions, Island VAT

Euro zone finance ministers on Wednesday decided to suspend short-term debt relief measures for Greece in response to extra spending on pensions announced by Greek Prime Minister Alexis Tsipras. "The institutions have concluded that the actions of the Greek government appear...

Eurogroup: Greek Review Not Finalized, Short-Term Debt Relief Measures Decided

The meeting of euro zone finance ministers was concluded on Monday night without reaching an agreement on Greece's bailout program review; short term debt relief measures were decided. However, there was no decision yet on the participation of the...

SYRIZA MEP Papadimoulis: Debt Relief Measures Must Be Made Specific

GUE/NGL MEP Dimitris Papadimoulis, Vice President of the European Parliament, said that the Radical Left Coalition (SYRIZA) party's goal for measures on Greek debt relief has found "response in the lenders' camp." Speaking to radio station Praktoreio 104.9 FM,...

Greek PM Tsipras: Debt Relief Prerequisite to Legislate New Measures

The mid-term debt relief measures so that Greece can enter the quantitative easing (QE) program is the prerequisite to vote for the new measures, Greek Prime Minister Alexis Tsipras said on Sunday. Addressing the SYRIZA Central Committee, the party leader...

Schaeuble Agrees on Short-Term Measures for Greece's Debt Relief

The European Stability Mechanism (ESM) is currently working on proposals for the implementation of the agreed short-term measures regarding the Greek debt relief, Dennis Kolberg, the spokesman of German Finance Minister Wolfgang Schaeuble, said in exclusive statements to the...