EFSF

EFSF issued the following press release on Monday, announcing the disbursement of a 1 billion euro loan tranche to Greece: "The Board of Directors of the European Financial Stability Facility (EFSF) approved on Monday the disbursement of 1 billion euros...

With a primary surplus in hand, Greece is set to ask the eurozone to approve some sort of relief from the 240 billion euros it has borrowed from international lenders, reportedly a 50-year repayment schedule, lower interest or an...

Lenders continue to maintain a tough stance against the Greek government, aiming to extract guarantees for the period after the national elections, in order to engage the country and continue the payment of the next tranches. The return date of...

According to the Association of Greek government’s Individual Bondholders, 15 bondholders have committed suicide over the past few months. The latest suicide was recorded on Saturday, January 11, 2014. It is worth mentioning that Greece’s small bondholders saw their...

Visiting Italian Prime Minister Enrico Letta said after a meeting in Athens with Prime Minister Antonis Samaras that the bailout program pout together by the country's international lenders would have caused less of a "financial disaster," if administered better,...

Three years after international bailouts began to keep Greece's economy from imploding, the government has spent a first rescue package of $152 billion and is working its way through a second of $173 billion but the country's debt is...

Fresh on the heels of the Eurozone approving another 4 billion euros ($5.3 billion) in loans and aid, a European Commission official acknowledged that Greece faces a funding gap of some 3.8 billion euros ($5.04 billion) next year but...

In a continuation of the constant cat-and-mouse game it plays with Greece, Eurozone officials on July 26 approved the release of a briefly-delayed 2.5 billion euro ($3.31 billion) overdue loan installment after the government approved amendments to complete its...

The Greek Parliament, as expected, approved an amendment critical to implementing  a so-called mobility scheme in which workers will be transferred or fired, but Prime Minister Antonis Samaras told two of his New Democracy Conservative deputies who bucked him...

Greece's beleaguered banks, brought into difficulty when a previous government imposed 74 percent losses on investors and bond holders to write down the country's staggering debt without paying them back in full, will be getting a 7.2 billion euro...