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The First Settlement of Debt to the State Through Extra-Judicial Means Now a Reality

An unnamed company became the first entity in Greece to settle its debts to the state and restructure through an extra-judicial mechanism, Ministry of...

Yet Again, Merkel Rules out a Greek Debt “Haircut”

Speaking to German media, Chancellor Angela Merkel, once more, ruled-out a haircut of the Greek debt. She said that under no circumstances could there be...

Social Security Debt Grows by 827 Million in Second Quarter

Arrears to social security funds increased by 827,180,068 euros in the second quarter of the year according to a report Friday by the Center...

Tsipras Hails Greece’s Return to Markets; EU’s Moscovici Urges Implementation of Reforms (video)

Greece sold debt to private investors for the first time in three years, an upbeat Prime Minister Alexis Tsipras hailed what he called a...

Greece Awaits IMF Report Before Exit to Markets

The Greek government will assess market reactions to the IMF's debt sustainability report published today, before deciding to proceed with issuing a government bond...

Greece Postpones Exit to Markets Until IMF Meeting

The Greek government decided to postpone testing the waters in the international money markets that was initially planned for Monday or Tuesday. According to press...

Greek Central Bank Warns of a New MoU in 2018; Lowers Growth Estimate

The Governor of the Bank of Greece Yiannis Stournaras, warned of the possibility of a new Memorandum of Understanding (MOU) with the country’s creditors...

Tsipras: ‘We are Striving for Better Solutions on the Debt’

The government's strategic target was for Greece to be able to borrow directly from the markets after the current programme ends in August 2018,...

IMF Wants Deal on Debt Before Entering Greek Program, Says Spox

The International Monetary Fund (IMF) will not participate in the funding of Greece’s bailout program if there’s no “reliable strategy for the sustainability” of...

New Democracy Accuses Tsipras’ Government of Implementing ‘Poverty Plan’

"Alexis Tsipras' government implements with cynicism the poverty plan for the Greeks," main opposition New Democracy (ND) said on Tuesday following the release of...

Debt Relief for Greece Essential, Peterson Institute Working Paper Concludes

Greece cannot sustain primary surpluses exceeding 3.5 pct of GDP for more than three or four years at most and will therefore need additional...

The Government Will Not Legislate Without Comprehensive Agreement Including Debt

The government will not legislate if there is not a comprehensive agreement that will include the debt issue, government spokesman Dimitris Tzanakopoulos on Wednesday...

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