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Greece

Tsipras Dons Tie, Then Removes it in Symbolic Gesture on Greek Debt Deal

Greece's prime minister, Alexis Tsipras, celebrated the conclusion of a deal with Eurozone ministers on debt relief by addressing his cabinet officials wearing a necktie in public for the first time. In an event broadcast live on Greek public TV, Tsipras...

Critics Pour Cold Water on Greek Debt Deal

Amid the hype over Greece's debt-relief deal struck with the Eurogroup on Thursday, dissenting voices have emerged, critical of the agreement which is said to chart Greece's exit from its international bailout. At home, Greece's main opposition party, New Democracy,...

All Eyes on Eurogroup for Greek Debt Relief, Post-Bailout Scrutiny

Athens has its eyes on Luxembourg this Thursday as a crucial meeting of eurozone finance ministers is expected to decide on Greek debt relief and what will happen the day after the bailout ends in August. Greece has ratified the prerequisites...

IMF, Eurozone Seek Last-Minute Deal on Greek Debt

Greece's eurozone creditors and the International Monetary Fund are trying to find a last-minute solution to the country's debt mountain so that the IMF contributes financially to the third bailout program. The Greek rescue program ends on Aug. 20 and...

Creditors Fail to Reach Deal on Greek Debt Relief

The Washington Group that convened on Thursday in Brussels failed to reach an agreement on the Greek debt relief issue and will be meeting again during the G7 summit in Canada, in early June. According to a Bloomberg report, the...

Eurozone to Move on Greek Debt With or Without IMF: Reports

IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday. Media reports citing an unnamed EU source in Brussels stated that Thursday this week would see...

IMF Presses European Creditors for Greek Debt Relief Plan by Next Week

The International Monetary Fund is pressing Greece's European creditors to agree on a debt relief program as soon as next week to ensure that the fund has enough time to give money to the country. Poul Thomsen, the IMF director...

OECD Says Greek Debt Repayments Must be Made Sustainable

Greece's "remarkable reform effort of the past two years" needs to be supported by steps to make its debt repayments sustainable, the head of the OECD said on Monday. Speaking in Athens during a high-level visit to unveil the 35-nation...

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...

Gap Between EU-IMF over Greek Debt Remains

The International Monetary Fund and the European Union continue to disagree on the Greek debt relief issue, as was shown during the IMF and World Bank spring meeting in Washington. According to a Kathimerini newspaper report, the two sides attended...

EU's Centeno: Deal on Greek Debt Restructuring 'Close'

Greek debt relief is still in discussion between the European Union and the IMF, but Greece's creditors are not considering an extension of the bailout program. The talks are taking place during the IMF and World Bank Spring Meetings in...

Greek Debt-Relief Talks Shift to Washington

Brussels and Athens are now turning their attention to Washington, where critical discussions on Greek debt relief will be held on the sidelines of the IMF and World Bank spring meeting. According to Athens-Macedonian News Agency (AMNA)'s sources, the Europeans...

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...

Six out of Ten Greek Debtors will See their Assets Seized by the State

Six out of ten debtors to the Greek State will see their bank accounts or homes confiscated from now on, as the number of Greeks with outstanding debts due to feel these measures reached 1,067,857. The Independent Authority for Public...

No Discussion of Greek Debt Easing on Monday's Eurogroup

On Monday's Eurogroup, eurozone finance ministers will not discuss Greece's debt easing, nor the supervision of Greek reforms after the bailout program ends in August, according to a Kathimerini newspaper report. The report says that technical discussions have not progressed...