agreement
Economy
IMF's Lagarde: Still a Lot of Work Before Greek Deal
Managing Director of the International Monetary Fund (IMF) Christine Lagarde said that there is still a lot of work to be done before Greece signs a deal with international creditors.
Lagarde was interviewed on German television's ARD on Thursday. She...
Economy
Greek FinMin Varoufakis: 'Austerity Is the only deal-breaker'
The sticking point in Greece's negotiations with its creditors was not Athens' unwillingness to carry out economic reforms but the creditors' insistence on even greater austerity that would impede economic recovery, Greece's Finance Minister Yanis Varoufakis wrote in an opinion...
Greece
ND Leader Samaras Urges Government to Secure Deal for Greece
The leader of main opposition New Democracy (ND) Antonis Samaras said on Thursday an agreement has to be sealed to ensure Greece’s funding and economic recovery, following a meeting of the European People’s Party (EPP) in Riga, Latvia.
"An agreement,...
Economy
Greek Gov't Seeks Comprehensive Deal to End Austerity
The Greek government is seeking to secure a single, comprehensive agreement with European Union partners. The deal should put an end to austerity and open the path for growth.
According to sources close to the Maximos Mansion, Prime Minister Alexis...
Economy
Tsipras: 'Greece in the Final Straight for a Mutual Beneficial Agreement'
"Greece must finally eliminate the economic distortions and dysfunctions that have undermined the country's course and future," said Greek Prime Minister Alexis Tsipras on Monday while addressing the annual general meeting of the Hellenic Federation of Enteprises (SEV).
The prime minister...
Economy
Greek FinMin Varoufakis: "We Can't Impose Our Positions but We Will Fight"
The government's aim in the negotiations with the creditors is to stop the self-reinforcing crisis and redistribute the burdens, Greek Finance Minister Yanis Varoufakis stressed on Friday in statements to 'ERTOpen'. He also underlined that the government had not...
Economy
Greek PM Tsipras: 'The Deal with Lenders Has to Be Closed'
An agreement between Greece and its lenders has to be achieved Greek Prime Minister Alexis Tsipras said in opening remarks at the 19th Economist Roundtable in Athens on Friday, adding that since it took office, the government has been...
Economy
Fitch Affirms Greece at 'CCC'
Fitch Ratings has affirmed Greece's Long-term foreign- and local currency Issuer Default Ratings (IDRs) at 'CCC'. The issue ratings on Greece's senior unsecured foreign and local currency bonds have also been affirmed at 'CCC'. The Short-term foreign currency IDR...
Greece
House Speaker Says Greece's Negotiating Team is Compliant to Lenders
Government Vice President Yiannis Dragasakis received harsh critiscism during the meeting of the SYRIZA Political Secretariat when he said that Athens will be ready to sign an agreement with creditors by May 19.
In the past few days there have...
Economy
Greece Decides on Measures to Get Cash Within May
The Greek government is on a race with time to legislate measures in order to reach a deal with creditors within May as it is running out of liquidity.
After the latest statement by German Finance Minister Wolfgang Schaeuble that...