debt

Greece needs to fully complete its current bailout program before the country receives any relief on its huge debt pile, the new Eurogroup president told CNBC. Speaking to CNBC in an exclusive interview, Mario Centeno, the incoming chief of the...

The Greek government believes a deal with international creditors on its current debt pile is just around the corner, potentially paving the way for the embattled euro zone economy to finally stand on its own. "I think we will achieve...

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 Finance sources said on Friday. The case concerned a bilateral negotiation for debts to the national...

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 a new "classic haircut" of Greek debt, similar to what happened with the PSI. "A debt...

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 for the Collection of Social Security Arrears (KEAO). More specifically, 533.7 million euros of this spike...

Greece sold debt to private investors for the first time in three years, an upbeat Prime Minister Alexis Tsipras hailed what he called a "special day." At his meeting in Athens with EU Commissioner Pierre Moscovici, Tsipras that “it is...

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 for the first time since March 2014. At the same time, it continues preparing for the...

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 reports, Athens decided to cancel the issuing of government bonds until after the IMF’s Board...

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 if initiatives are not taken by Greece’s partners to resolve the country's debt. Presenting the annual...

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, Prime Minister Alexis Tsipras said on Wednesday. Regarding Greece's debt, the prime minister said the government...