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Greece

Greece Close to Ending Third Program Review

The Eurogroup Working Group (EWG) acknowledged on Thursday the implementation by Greece of most prior actions required to complete the country's third program review, according to a Eurozone source. The heads of the Eurozone's finance ministries were informed that only three...

Troika Returns to Greece for Third Program Review

The heads of the institutions' missions in Athens are to return to the Greek capital on Tuesday, with the purpose of achieving progress in the third program review, European Commission spokesman Margaritis Schinas said on Monday. The return of the...

Brussels Raises Concerns Ahead of the Greek Third Program Review

European creditors have raised concerns about the implementation of the Greek program at the Eurogroup Working Group (EWG) meeting on Monday in Brussels. The meeting discussed the third program review ahead of the informal Eurogroup to be held on September 15...

PM Tsipras: The Third Programme Review will be Concluded Without Additional Measures

The government is fighting to restore stability in the economy and to take the country out of supervision, Prime Minister Alexis Tsipras said on Wednesday during his speech at SYRIZA's parliamentary group. Tsipras said the government's efforts are directed towards...

Greece 2018: The Year in Review

The year 2018 was a tumultuous one for Greece, marked by tragic events such as the East Attica fires which claimed the lives of 99 people and the destruction of the entire town of Mati. The political world was...

Bloomberg: 10 Steps Road Map for Greece to Exit Bailout Program in August

Greek Prime Minister Alexis Tsipras and his MPs keep repeating that the completion of the bailout program in August will mark the end of the memoranda that caused so much suffering to the Greek people. However, there are those who...

Greece to Table Bill Aiming to Complete Third Review by Jan. 22

The omnibus bill containing the prior actions required to compete Greece's third program review, will be tabled in parliament next week and will likely be debated in a fast-track procedure, a parliamentary source said on Wednesday. According to the source,...

Greek Gov't to Legislate all Bailout Program Prerequisites by Jan. 15

The Greek government is to legislate all remaining prerequisites of the bailout program so that the third evaluation can be completed, Prime Minister Alexis Tsipras said. According to Maximos Mansion sources, the prime minister upon his return from Serbia -...

Greece has to Implement 82 Prerequisites for Successful Bailout Review

Greece has to implement 82 "difficult" prerequisites in order to successfully complete the third and fourth review of the bailout program, a Kathimerini newspaper report says. The Supplemental Memorandum of Understanding, and the technical memorandum accompanying it, has specified in...

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...

EU Official: Too Early for Greece to Speak of "Clean Exit" from Bailout Program

Declan Costello, the European Commission mission chief for Greece's bailout program, said on Tuesday that it is too early for Athens to speak of a "clean exit" from the rescue agreement. Speaking at the American-Hellenic Chamber of Commerce, the Irish...

Greece Reaches Deal with Creditors on Reforms under Bailout Review

Greece and its international creditors agreed on a set of economic reforms the country must undertake in exchange for fresh loans. The agreement on a range of often politically sensitive measures - covering fiscal issues, energy and labor market reforms,...

Talks on Greece's Third Review Going 'Impressively Smoothly'

A senior Eurozone official said on Friday that there has been major progress in talks to complete the third review of Greece's programme, with hopes that a staff-level agreement will be reached before the Eurogroup on December 4. "Up until...

Mixed Results After First Round of Bailout Review Talks with Creditors

The first round of talks between Greece and creditors on the third evaluation of the bailout program will be completed today (Friday) with some issues resolved, and more difficult ones to remain pending. Characteristically, the issues of out of court...

IMF's Lagarde: Implementation of Program, Debt Relief Essential for Greece

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, met Monday in Washington with the Prime Minister of Greece, Alexis Tsipras, to discuss recent developments in Greece and key issues ahead. The decisive implementation of Greece's adjustment program...