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Greece

Moscovici: The Agreement Opens the Way for Swift Conclusion of Second Program Review

The agreement paves the way for the swift conclusion of the second program review, EU Commissioner for Economic and Financial Affairs, Taxations and Customs Pierre Moscovici said on Tuesday adding that the debt issue needs to be considered in...

BoG's Yiannis Stournaras Reiterates Need to Swiftly Conclude Second Program Review

Bank of Greece governor Yiannis Stournaras reiterated on Wednesday the need to conclude the second program review as a necessary condition for economic recovery, during a speech at an event of the Wharton Club of Greece in Athens, titled...

Delays in Second Programme Review are not Justified, Government Spokesman Says

Delays in the conclusion of the second programme review are not justified, government spokesman Dimitris Tzanakopoulos on Monday said in an interview with radio station Kokkino 105.5 FM. Tzanakopoulos stressed the importance of avoiding delays without any reason. He also ruled...

Greek Finance Minister: Second Programme Review Can Be Concluded in December

The conclusion of the second programme review within December is feasible, Greek Finance Minister Euclid Tsakalotos said in an interview with Agora newspaper on Saturday. "I think that the conclusion of the second programme review is still feasible and I...

The Second Programme Review will Advance Without Concessions on Labor Issues, Gov't Spokesman Says

The IMF insists on a series of reforms that we believe will not contribute to the country's competitiveness, Greek government spokesman Dimitris Tzanakopoulos on Monday said referring to the second programme review. "We will proceed with the second programme review...

Creditors' Technical Teams Arrive in Greece for Second Bailout Program Review

The technical teams of Greece's creditors arrived in Athens today (Monday) ahead of the second review of Greece's bailout program. The European Union mission chiefs will arrive on Wednesday and the International Monetary Fund representatives are due on Friday. The thorny...

Greek Gov't Rushes to Complete Second Bailout Program Review by November 7

The Greek government aims at completing the second bailout program review by November 7 by closing open issues such as labor law reforms and privatizations. On October 16, the team of creditors' representatives arrive in Athens for the second round...

Fitch: Greece's Second Bailout Program Review Might Take Until 2nd Quarter of 2017

Negotiations for the second evaluation of Greece's bailout program may continue until the second quarter of 2017, Fitch estimates. In its report on the Greek economy, the U.S. rating agency notes that the Greek government does not take full ownership...

Tsipras: ECB's QE Program No Longer Crucial for Greece

Despite opposite statements in the past, prime minister Alexis Tsipras no longer believes that stimulus from the European Central Bank (ECB) is crucial for the economic recovery in Greece. "I think we will join the QE (quantitative easing) program but...

ECB Official: Putting Off Reforms Could Complicate Bailout Review

The Greek government should not put off agreed bailout reforms or it could “complicate” an upcoming bailout review by its foreign creditors, a European Central Bank official said. The third bailout review is expected to begin in October with bad...

IMF Wants Deal on Debt Before Entering Greek Program, Says Spox

The International Monetary Fund (IMF) will not participate in the funding of Greece’s bailout program if there’s no “reliable strategy for the sustainability” of the country’s debt, the fund’s spokesman William Murray said on Thursday, during a regular press...

Greece has to Legislate or Adjust 135 Prerequisites to Close Bailout Program Review

Greece has to legislate 77 measures and adjust 58 more in order to close the second bailout program review and receive the next loan tranche, according to a Kathimerini newspaper report. According to the report, there is a list of...

Bankers: Athens' Provisional Agreement With Lenders Is a Step Towards QE Program, But More Time Is Necessary

Following the provisional agreement between Athens and its lenders, senior bank officials have said that such an agreement is a notable step towards returning the Greek economy to normal - something which will send the country on its way...

EC, ESM, ECB, IMF: Preliminary Agreement on Review

The ECB and ESM announced on Tuesday that they signed a preliminary agreement on the conclusion of the second programme review. "Staff teams from the EC, ESM, ECB and the IMF have reached a preliminary agreement with the Greek authorities...

Prospects for Successfully Concluding 2nd Review in Athens Now Good, IMF Says

The prospects of successfully concluding the second review of Greece's programme are now good but the Eurozone has to provide adequate assurances of a reliable strategy that will ensure the sustainability of Greece's debt, the International Monetary Fund (IMF)...