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Greece

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,...

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...

Lagarde and Tsakalotos Agree on Timely Completion of Greek Third Review

Christine Lagarde and Greek Finance Minister Euclid Tsakalotos agreed that a timely completion of the third review of the Greek bailout is essential for discussions on debt restructuring to gather pace. The Managing Director met Tsakalotos at the IMF headquarters...

Greek Parliament Budget Office Rings Warning Bell over Timely Completion of Third Review

The Greek Parliament Budget Office warns that if the government postpones the completion of the third evaluation of the bailout program for 2018, Athens will fail to meet the budget targets for next year. Head of the Budget Office of...

Greek FinMin Tsakalotos: The Third Review will Conclude on Time

Finance Minister Euclid Tsakalotos referred to the new environment created for the Greek economy, the conclusion of the third review and the country's exit from the crisis in an interview with the Sunday newspaper Nea Selida. Tsakalotos expressed his certainty...

Tsipras Vows to Complete Third Review of Bailout Rapidly

Greek Prime Minister Alexis Tsipras vowed to take all necessary measures in order to complete the third bailout review. Speaking at a press conference at the Thessaloniki International Fair, Tsipras said that "in relation to the third review, we are...

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...

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...

Technocrats Begin Cyprus Third Economic Review

Fiscal issues, structural reforms and Non-Performing Loans (NPLs) are the focus of the third post memorandum review of the Cyprus economy, which began on Monday. Emphasis will be placed on the NPLs, which account for 46% of the total loan...

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...

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...

Greek Debt Rises in Third Quarter of 2017, Says Eurostat

Greece's public debt totaled 177.4 percent of GDP in the third quarter of 2017, up 1.3 percent compared with the second quarter of the year, but down 0.5 percent in comparison with the third quarter of 2016, Eurostat said...

Eurogroup to Declare End of Bailout Review, but No Cash Tranche Yet

The Greek government has invested heavily in a smooth conclusion of the third bailout review and Monday's Eurogroup meeting is expected to confirm that, but it is also expected to hold off on the 6 to 7 billion euro...

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...