Greece

Greece should complete the reforms needed to help banks reduce bad debt and deal with the impact of the COVID-19 pandemic, the European Central Bank said, according to Reuters. The coronavirus crisis has stalled the efforts of Greek banks to...

Buses, trolleys, trams and metro transportation will be out of operation in Athens on February 18, as employees will be taking part in the 24-hour strike against the new social security bill expected to be brought before Parliament on...

The Council of State (STE), Greece's highest administrative court, published its ruling on Friday in which it deems the changes to religious education introduced by the previous government as unconstitutional. The left-wing government of the SYRIZA coalition changed the way religious...

German Chancellor, Angela Merkel, revealed on Wednesday that Greece’s new Prime Minister, Kyriakos Mitsotakis, promised in a phone call that he would quickly implement the reform program, Reuters reports. Speaking at a news conference with Finland’s Prime Minister, Merkel also...

EU's Economy and Finance Commissioner Pierre Moscovici said on Thursday that Greece must deliver on its promised reforms to send a positive signal to debt markets before a meeting of eurozone finance ministers next month. “I hope and I expect...

Greece's creditors decided on Wednesday to postpone a 750 million euro ($854.4 million) payment to Greece following concern over the country's foot-dragging over reforms. In a European Commission compliance report released in Brussels, the creditors call on Greece to fully...

Greece's opposition leader Kyriakos Mitsotakis promised sweeping changes to his nation's economy during an exclusive interview with CNBC on Tuesday. Speaking before the upcoming Greek general elections later this year, Mitsotakis, the leader of New Democracy, vowed to restore market credibility during...

The European Commission on Thursday revised their forecast for Greek economic growth slightly upward in 2019 and 2020, but warned that the nation's economic recovery depends on needed reforms. According to its interim economic forecast, the Greek economy is set to...

Greece's main opposition leader Kyriakos Mitsotakis vowed to pursue growth-oriented reforms if elected to office. He made his remarks in an interview with the Financial Times published on Wednesday. The leader of the New Democracy Party who, according to the...

ESM Managing Director Klaus Regling warned the Greek government not to abandon its commitments in the post-bailout era saying that if Athens reneges, creditors may stop debt relief measures. In an interview with Austrian Die Presse newspaper, Regling stressed that...

In the traditional Thessaloniki International Fair press conference on Sunday, Greek Prime Minister Alexis Tsipras praised the work of his administration while accusing the main opposition of far-right leanings. Answering questions from representatives of the Greek media, Tsipras defended himself...

"The markets are waiting to see whether Greece will honor its commitments regarding the implementation of additional measures after the (bailout) program ends on August 20," said Bank of Greece Governor Yiannis Stournaras. Stournaras spoke to the Financial Times saying...

The Greek economy will continue recovering in the coming years if the country adheres to its reform commitments, the European Commission said in its Interim Summer Economic Forecast released on Thursday. The Commission's forecasts for Greek economic growth remained unchanged...

The Greek government should remain focused on implementing the prescribed reforms to regain investors’ trust and return successfully to the markets, the head of the European Stability Mechanism, Klaus Regling, warned on Tuesday. Speaking at a dinner for the 90th...

Declan Costello, representing the European Commission in the institutions' missions in Athens, has stressed the need for the Europeans to meet their commitments regarding Greek debt relief. Costello was addressing an international conference organized by the Greek Economic Chamber on...