European Commission
Economy
Greek Gov't to Borrow from Public Fund Reserves to Repay Debt
The Greek government is to borrow 7.3 billion euros from public fund reserves to repay installments due to the European Commission, the European Central Bank and the International Monetary Fund.
On Thursday evening, amid political tensions, the council of the...
Diaspora
Greece is Lagging Behind in Digital Age
Greece ranks third from the bottom in the "Digital Economy and Society Index" survey conducted by the European Commission.
Greece is lagging behind in the digital age and it is almost at the bottom among the 29 European Union countries,...
Business
Amicable Settlement with Cosco not Affected by EC Decision, Piraeus Port Authority Says
A European Commission decision issued on Monday that orders Greece to recover incompatible state aid from Piraeus Container Terminal (PCT) does not apply to any part of the Concession Agreement's recent expansion through amicable settlement to the Western...
Economy
Greece Should Resume Policy Dialogue and Agree on Reforms, Draghi Tells MEPs
The European Central Bank’s expanded asset purchase program, better known as “quantitative easing” (QE), is starting to make headway across the EU, ECB President Mario Draghi told Economic and Monetary Committee MEPs on Monday. Draghi also reported on the...
Economy
EU's Juncker: About 2 bln Euro Funds to Greece in 2015
The European Commission President Jean-Claude Juncker on Friday announced that in 2015 EU funds of around 2 billion euros that Greece will receive from the EU structural funds can be redirected towards activities related to growth and the strengthening...
Economy
Greek Finance Ministry: We'll Provide Technical Levels With the Requested Data
In what can only be described as a "u turn" in its stance, the Greek Finance Ministry released a statement earlier today welcoming cooperation with the technical levels representing the country's international creditors; the European Commission (EC), the European...
Economy
Greece's PM Tsipras 'Hopeful' After EU Leaders Meeting But Clock Is Ticking
Prime minister Alexis Tsipras appeared hopeful for Greece's future after a special meeting for Greece held in Brussels in the sidelines of an EU summit.
"I'm more optimistic after this deliberation. I think that all the sides confirmed their intention...
Economy
IMF: Greece Most Unhelpful Client in History
International Monetary Fund representatives who work on the Greek bailout told their euro zone colleagues that Greece is the most unhelpful country in the 70-year history of the organization, according to a Bloomberg report.
Officials from the IMF, the European...
Greece
Greek Parliament Adopts Anti-Poverty Law Despite EU Row
The Greek Parliament has passed a SYRIZA-proposed draft law to address the country's long-standing humanitarian crisis, despite objections expressed from the international creditors. This first package of social measures put forward by Prime Minister Alexis Tsipras' leftist government drew...
Economy
EU Considers Greek Bill on Humanitarian Crisis a Unilateral Action
The Mission Chief for the European Commission's team working on Greece, Declan Costello, appears to view the Greek government's bill to address the humanitarian crisis -- currently under discussion in Parliament -- as a unilateral action, according to British...