bailout

European Commissioner for Economic Affairs Pierre Moscovici stressed that Greece needs to complete the prior actions by Monday's Eurogroup in order to receive the 2-billion-euro subtranche of the bailout program. Moscovici on Tuesday met with Finance Minister Euclid Tsakalotos and...

European Commissioner of Economic Affairs Pierre Moscovici is arriving in Athens today (Tuesday) to ensure that the Greek government is on track regarding the progress of reforms required by the bailout program. The second omnibus bill that includes prior actions...

The International Monetary Fund reiterated that it will contribute funds to Greece's bailout under the condition that Europe will formally restructure the country's debt, according to a Bloomberg report. Greece has signed a three-year bailout program worth 86 million euros...

A turbulent November lies ahead for the Greek government that must vote on the second round of unpopular reforms required by the bailout program amid social dissatisfaction. The first review of the progress of the bailout program has to be...

The Greek government is rushing to vote on bills for prior actions in order to get a compliance report by lenders before the November 9 Eurogroup. According to analysts, Greece must go to the meeting of Eurozone finance ministers with...

German Foreign Minister Frank-Walter Steinmeier is visiting Athens on Thursday to discuss the refugee crisis and the progress of the bailout program implementation. Steinmeier will meet with President of the Hellenic Republic Prokopis Pavlopoulos at 1pm and Prime Minister Alexis...

While the Greek government maintains that it has already completed 90 percent of prior actions required, Brussels doubts that Athens has met its pledges. There are several key issues that have not yet been resolved, such as foreclosures on bad...

German business newspaper Handelsblatt reports on the progress of the one billion euro Cypriot bailout which was adopted on May 15, 2013 and compares it to Greece's struggle to successfully conclude a reform effort which began in May 2010. The magazine contrasts the congratulatory remarks Cypriot...

The long list of prior actions the Greek government has to implement in order to receive the 2-billion-euro subtranche from its bailout program has generated strong reactions among Greek citizens. Greece's creditors expect Athens to proceed with the measures and...

A meeting between Greece's economic staff and creditors' representatives on the implementation of the prior actions required by the bailout program is underway. On the Greek side, Finance Minister Euclid Tsakalotos and State Minister Alekos Flambouraris participated in meetings on...