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EU

Stournaras Says Troika Will Pay Up

Greek Finance Minister Yannis Stournaras said the country's international lenders are on the verge of giving up demands for more austerity measures in return for continued aid and will come through with the money anyway, including a pending one...

160 Million Fund for Youth Unemployment in Greece

According to the European Commission, the total amount of 160.24 million Euros will be provided to Greece in order to support the unemployed youth during the years 2014 and 2015. The funds are part the European Youth Employment Initiative. The...

Greece Says On Track For Surplus

While Greece is locked in tense negotiations with its international lenders over a looming budget gap of as much as 2.9 billion euros, Deputy Finance Minister Christos Staikouras said he still expects the country will record a primary surplus...

Stournaras Says He Can Seal Troika Deal

While Greece's international lenders said they are "miles apart, billions apart" from an agreement with Greece on how the government can fill a looming budget hole of as much as 2.9 billion euros and implement more critical reforms, Finance...

Greece, Troika "Miles Apart" On Agreement

Greece's hopes of getting a deal sealed with envoys of international lenders over how to close a looming budget gap and speed the pace of delayed reforms has apparently hit a road block with reports the two sides are...

Greece Tells Troika Cuts Not Needed

Frantic to avoid imposing more austerity measures after vowing not to do so, the Greek government has told its international lenders that it can bring in 2.2 billion euros ($2.94 billion) in revenues by going after tax cheats -...

Greece Asks More Time To Fire Workers

Administrative Development Minister Kyriakos Mitsotakis, who hasn't been able to meet a timetable to suspend, transfer or fire 25,000 workers this year, is reportedly going to ask international lenders for more time, and to include workers being fired at...

Troika, Greece Still At Odds On Reforms

Greece's hopes for a swift resolution to a disagreement over the extent and acceleration of reforms in return for continued rescue aid have been dimmed by a tough stance taken by international lenders who are squeezing the government to...

EU Assists Greece to Promote Agricultural Products

The European Commission approved 22 projects today concerning community contribution for the promotion of agricultural products in the European Union and in third countries. The total budget of the projects, most of which will last three years, was 70...

Samaras, Venizelos Join Hands Against Troika

After meeting yet again, Greek Prime Minister Antonis Samaras, the New Democracy Conservative leader, and his coalition partner and Deputy Prime Minister/Foreign Minister Evangelos Venizelos, agreed there would be no further austerity measures and presented a unified front in...