Greece
Economy
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...
Economy
Troika Returns to Athens for New Round of Talks
Talks between Greece's creditors and the government on concluding the third review of the Greek program are due to begin today (Monday), when the heads of the institutions' missions return to Athens.
This will be the first round of negotiations,...
Greece
Wikileaks: IMF Threatens to Leave Troika Ahead of Greek 'Disaster'
Wikileaks has revealed a conversation between the two top IMF officials in charge of the Greek debt crisis, Poul Thomsen, head of the IMF’s European department, and Delia Velculescu, IMF mission chief for Greece. The details of the conversation,...
Economy
Former Greek FinMin Varoufakis Says He Resigned from Gov't as Troika Had No Intentions of Ending the Crisis
Former Greek finance minister Yanis Varoufakis discussed for the umpteenth time the other day his tenure with the government of Alexis Tsipras.
Speaking on Bloomberg, Varoufakis said that he was not “fired,” but resigned after he realized that things were...
Greece
European 'Troika' Meeting in Frankfurt Over Greek 'Fiscal Gap' Proved Fruitless
The new bailout program for Greece continues to divide the country’s international creditors as the International Monetary Fund (IMF) refuses to go along with the reform guidelines proposed by Athens and EU officials.
The position of the IMF is that...
Economy
Pessimism at Athens Stock Exchange As Troika Reviews Greek Bailout Program
The Athens stock market experienced losses following the first meeting between Greek government officials and the country’s creditors, especially since there were no news on the negotiation front.
After a day of light trading, the Athens stock exchange general index...
Economy
Troika Meets with Greece's Finance and Economy Ministers on Friday to Continue Bailout Talks
The representatives of Greece's creditors will meet at 10:00 am on Friday with Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis to continue negotiations over the country's third bailout program.
The four representatives - Declan Costello from the European...
Economy
Troika Returns to Athens to Assess Greek Economy and Start Negotiations
The troika of international creditors returns to Athens on Thursday to start assessing the state of Greece's economy, complete the review of the second bailout program and start working on the third.
According to a Proto Thema newspaper report, the...
Economy
Creditors Reject Varoufakis' VAT Proposals, Greek FinMin Speaks of 'Domestic Troika'
Greece's creditors rejected Finance Minister Yanis Varoufakis' VAT proposals. Meanwhile, Varoufakis spoke of a "domestic Troika" who keeps arguing against his proposals.
Varoufakis had proposed a 15% VAT for payments made by debit or credit card and 18% for cash payments. At the...
Economy
Greek Economist Suggests Troika Used False Data
During an interview with Greek journalist Nikos Evangelatos, Greek economist and Independent Greeks member Giorgos Romanias claimed that the reports on which the bailout program insurance measures were based are unacceptable. “They decided on wage and pension cuts because...
Economy
German FinMin Insists on 'Troika's' Role Ahead of Talks Between Greek Govt and Institutions
German Finance Minister Wolfgang Schaeuble has once again sparked displeasure in Athens, insisting that the unpopular "Troika" of creditors will be negotiating with the Greek government over the country's bailout package extension, despite the latter's objection on the matter. Eurozone's...
Economy
ECB President Draghi Urges Greece to Allow Troika Back Before It's Too Late
European Central Bank (ECB) President Mario Draghi urged the Greek government to allow the institution representatives, formerly known as the "troika" to return to Athens in order to disclose its cash position before it is too late. Mr. Draghi...
Economy
FT Publishes Letter of Eurogroup President to Varoufakis Saying Troika Will Return to Athens
Eurogroup President Jeroen Dijsselbloem sent a letter to Greek Finance Minister Yanis Varoufakis saying that technical discussions on Greece's bailout between creditors and the Greek government should be done in Athens and not Brussels as the Greek side has suggested.
The...
Economy
Troika Returns to Athens Under Different Name
About twenty representatives from the European Central Bank, the European Commission and the International Monetary Fund will arrive to Athens next week to review the progress of reforms and measures Greece has agreed to implement.
This time the number of...
Economy
Greek PM Tsipras: Troika and Memorandum are History
"We are at the start of a great and difficult battle... We are not going to escape from our commitments," stated Greek Prime Minister Alexis Tsipras speaking to SYRIZA's Central Committee on Saturday.
He referred to a turbulence in...