EU bailout

It was announced that a new financial package addressing the many economic ramifications of the ongoing coronavirus pandemic will be presented to Greece's Minister of Finance, Christos Staikouras, on Tuesday. The details of the package include an extension in unemployment...

  The Greek economy will receive a major boost over the coming years from the historic European Union decision to create a recovery fund, titled the "Next Generation EU" plan, agreed upon earlier this month, according to Bank of Greece...

    "We are returning to Athens with an overall package that exceeds 70 billion euros, an unprecedented sum for our country," Prime Minister Kyriakos Mitsotakis said on Tuesday, in a press conference following the marathon European Council meeting in Brussels,...

In a meeting held earlier on Friday in Brussels, the eurozone’s finance ministers have agreed to provide the International Monetary Fund (IMF) with political guarantees, in order for it to continue to participate in the Greek bailout package, as...

An article in the online edition of the Austrian newspaper, DIE PRESSE discusses the questionable success of the Greek bailout. The article attempts to shed light on facts neglected by the media and politicians.“Greece was not rescued. We cannot talk about...

Delays and indecision by newly-elected Cypriot President Nicos Anastasiades' government allowed a huge outflow of cash from the island's banks even though they were closed and limits were placed on most withdrawals, the news agency Reuters reported. In banknotes at...

Italian Industry Minister Corrado Passera said on Wednesday that the euro could continue to survive even if Greece were to leave the union's single currency. "That the euro can continue to exist without Greece is a foregone conclusion,” said Passera,...