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Greece

FinMin Schaeuble : Greece Needs Structural Reforms, Not Debt Relief

According to Reuters, on Sunday Germany's finance minister, Wolfgang Schaeuble commented to the German newspaper Bild am Sonntag that he believes the answers to Greece's financial woes should come in the form of reforms rather than debt relief. In order to sustain itself...

IMF Proposes Structural Reforms for Greece Instead of Wage Cuts

The current internal devaluation process in Greece includes job cuts and shrinking of domestic demand rather than structural reforms which could increase productivity, noted the International Monetary Fund (IMF) on a new report analyzing the amount of responsibility that the northern...

IOBE Survey on Structural Reforms

A survey commissioned by the Foundation for Economic and Industrial Research (IOBE) and The Boston Consulting Group, entitled “The role of structural reforms and the prospects of the Greek economy” found that Greece has yet to establish a strong...

Angel Gurria: Greece First in the World for Structural Reforms

Greek Prime Minister Antonis Samaras had an excellent meeting with Angel Gurria, the Secretary General of the Organization for Economic Co-operation and Development (OECD). Gurria gave Samaras a recent report by the Organization for Economic Cooperation and Development, an overview...

Finance Minister: Structural Reforms Are Urgent Task

Greek Finance Minister Evangelos Venizelos urged a government working group to proceed with the implementation of agreed reforms. He highlighted that 80% of the necessary for the fulfillment of the county’s obligations has already passed, implying the inability of implementation. Venizelos,...

Eurogroup Urges Greece to Speed Up Structural Reforms & Privatization Program

The Eurogroup urged Greece to speed up structural reforms and its privatizations program, and also called for opposition parties' consensus on the Greek economic adjustment program, in statements by European Monetary and Economic Affairs commissioner Olli Rehn and Eurogroup...

Greek Gov't List of Reforms Namely Structural

The Greek government's list of recommended reforms will finally be submitted to the international institutions on Tuesday morning. According to latest information emerging from the Greek government's headquarters, the climate among the cabinet members is positive as the reforms...

Greece Must Not Backtrack on Reforms, Warns EU's Costello

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...

IMF's Lagarde: Greece Must Implement Reforms

The International Monetary Fund (IMF) is committed to continuing its support of Greece after the end of the fiscal program in August, but there is work that the country still needs to do, especially in structural reforms, IMF Managing...

Tax Cuts, Reforms Dominate Greek Opposition's Agenda (video)

The reduction of corporation tax from 29 percent to 20 percent and the implementation of needed reforms will be priorities for New Democracy chief Kyriakos Mitsotakis if he comes to power. Greece's main opposition leader spoke to Bloomberg TV during a...

EU Commission Report Praises Greek Reforms, Asks for More

The European Commission talked up the Greek government's reform drive, but warned that more reforms are required, as creditors are reviewing the bailout terms and considering a post-bailout landscape for Greece. “Greece has undertaken significant reform efforts across all policy...

Macron Praises Tsipras, Stresses Deeper Reforms in Joint Press-Conference

In a joint press conference with the Greek prime minister, French President Emmanuel Macron praised the Greek government's efforts to overcome the current economic crisis and stressed the importance of structural reforms. During the short press conference, the French president...

German FinMin Claims Credit for Pushing Greeks to Implement Crucial Reforms

German Finance Minister Wolfgang Schaeuble has reportedly claimed credit for pushing Greece to adopt much-needed structural reforms. “One day, will erect a monument in my honor,” Schaeuble was quoted by Handelsblatt newspaper as saying during an election rally in...

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...

Moscovici: Greece Has Implemented Reforms in Three Years Which Should Have Been Made Over Past 15 Years

Greece has implemented in the last three years structural reforms that should have been implemented in the last 15 years, EU Commissioner for Economic and Financial Affairs Pierre Moscovici said on Wednesday, speaking at a Belgian university on the...