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EU

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...