EU
Economy
Stournaras Readies For Troika Talks
Greek Finance Minister Yannis Stournaras, who said all will be well with the economy beginning next year, will begin a new round of critical talks with the country's international lenders beginning Sept. 22, meeting the top envoys from the...
Cyprus
IMF Releases 84.7m Euros in Bailout Funds to Cyprus
The International Monetary Fund approved Monday the release of 84.7 million euros ($113.1 million) in bailout funds to Cyprus.
The IMF executive board approved the funds after completing the first review of Cyprus's performance under a three-year, billion-euro loan program...
Economy
Stournaras Says The Pressure's Off
Greek Finance Minister Yannis Stournaras, who is upbeat about the chances for a recovery and a return to the markets next year, has denied that Greece is being pressed by its international lenders to adopt more fiscal consolidation...
Economy
Tsipras Will Meet ECB’s Asmussen
Alexis Tsipras, leader of Greece's major opposition party the Coalition of the Radical Left (SYRIZA) which is opposed to international bailouts and the austerity measures that come with them, is due to meet European Central Bank (ECB) Executive Committee...
Economy
Mitsotakis Blocked, Booed by School Guards
Greek Administrative Reform Minister Kyriakos Mitsotakis, who ordered the firing of thousands of public workers before their positions could be reviewed as he promised, found himself heckled and blocked from getting into his office on Sept. 16 during an...
Economy
Health Care Workers Protest Cuts
Upset with big pay cuts and not being paid for months in some cases, Greek medical workers warned that reductions in the health care system are putting people at risk and causing many doctors to flee the country in...
Economy
Third Bailout Prospect Divides Greeks
German Finance Minister Wolfgang Schaeuble's public statements that Greece may need a third rescue package started a debate on the necessity and effects of additional aid to the country.
The IMF estimated Greece needs between 8.25 and 10.5 billion euros...
Economy
EU Demands Greek Bank Closures
Already struggling despite a 50 billion euros ($65 billion) government recapitalization, Greek banks are being squeezed by the European Union to reduce their operating costs, which means layoffs of workers when the unemployment rate is already a record 27.9...
Economy
Greece May Need Two More Bailouts
With Greek Prime Minister Antonis Samaras insisting the country will be on the road to recovery and return to the markets next year, a European Central Bank Governing Council Member said a third bailout - and possibly a fourth...
Economy
German Official: More Aid, More Austerity
Greek Prime Minister Antonis Samaras' vow not to impose any more austerity measures on Greeks has fallen on deaf ears in Geramany where the Deputy Parliamentary Chairman of Chancellor Angela Merkel's Christian Democrats said if Greece needs a third...