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Greek and German Finance Ministers 'Couldn't Even Agree to Disagree'

Greece must negotiate with the troika of international lenders on the basis of the bailout program, said German Finance Minister Wolfgang Schaeuble, after the meeting with his Greek counterpart Yanis Varoufakis in Berlin today. The two officials did not come to...

Greek Fin Min: 'We Don't Need the €7 Billion Tranche'

Greece 's unconventional new Finance Minister Yanis Varoufakis is turning moderate as negotiations with the country's international lenders approach, says a New York Times article. Varoufakis has made controversial statements regarding the Greek bailout program, calling it a "toxic mistake,"...

Varoufakis: 'Accidental Economist' Becomes Greece's Finance Minister [video]

He has called himself an "accidental economist" and has likened Greece's position in the euro zone as a "Hotel California" lyric, he has taught economics in Greece, Britain, Australia and the U.S., his controversial blogposts won him thousands of...

EU Official: Greece Unable to Exit Bailout Without Assistance

Greece will not be able to exit its ongoing bailout program earlier than scheduled without an additional assistance package from its lenders, an unnamed senior European Union official stated according to Reuters. "A completely clean exit is highly unlikely,"...

Hardouvelis – Schaeuble: We Should Find a Common Solution for Greece's Next Day

An hour-long meeting was held earlier today between Greek Finance Minister Gikas Hardouvelis and his German counterpart Wolfgang Schaeuble, on the sidelines of the OECD World Forum held in Berlin. The two Ministers, amongst other, focused on the upcoming review...

In Wake of IMF Praise, Greece Seeks Eurogroup Support

Greece's exit from the memorandum dominated yesterday's discussion between Finance Minister Gikas Hardouvelis and International Monetary Fund (IMF) chief Christine Lagarde in Washington. Greece has initiated a series of talks to end International Monetary Fund aid to the country, but will continue...

The Upcoming Troika Negotiations: A Case of Hot Potatoes?

The Troika's upcoming evaluation of Greece's financial recovery will include a helping of “hot potatoes” for the Greek government – that is to say, the need to address heated topics such as retirement age, public sector layoffs and health care costs. Today, a meeting...

ENFIA Tops Agenda at MPs and Hardouvelis Meeting

The errors in the calculation of the unified property tax (ENFIA) topped the agenda of a meeting between Finance Minister Gikas Hardouvelis and coalition government MPs, as the government prepares to make changes to the levy that should ease the burden on thousands...

Stournaras Gets a Bullet in the Mail

Greek Minister of Finance Yiannis Stournaras, who has devised new austerity measures that have infuriated many Greeks already suffering from repeated pay cuts, tax hikes and slashed pensions, has reportedly received an envelope containing a bullet and a life-threatening...

International Media Praise Greece's Incoming Finance Minister Y. Stournaras

After Vassilios Rapanos resigned from Finance Minister, the Greek government appointed Yannis Stournaras as new minister. International media rushed to publish a short biography of this new political figure while they remarked that this choice for the crucial finance...