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Finance Ministry

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...

Lenders Representatives Will Be Auditing Athens as 'Brussels Group'

Technical talks between Greece and lenders regarding reforms have started in Brussels on Wednesday. The team of representatives that will be coming to Athens to review the progress on the measures required for Greece's bailout program will be called the "Brussels Group,"...

Bloomberg: Liquidity in Greece Might End in Three Weeks

As negotiations over the Greek debt continue for over six months, the impasse threatens to drag Greece back into recession, or even lead it to bankruptcy, according to a Bloomberg report. Greece needs 6.5 billion euros by the end of...

Greek Gov't Tries to Secure Liquidity Without Pension and Wage Cuts

The Greek government is trying to find ways to secure liquidity until June without pension and salary cuts or extra contributions to security funds. With Monday's Eurogroup approaching, Greece's partners increase pressure through the European Central Bank. The Greek government...

Greek Gov't Rushes to Raise €7 Billion in March for Debt

The Greek ministry of finance is rushing to raise 6.95 billion euros in March in order to meet obligations regarding its international debt. The Treasury needs to find the appropriate funds for loan installments. Specifically, there is a 1.6-billion-euro tranche...

Greek Deputy FinMin: €11 Bln Fiscal Gap by June

Just days after Greece's agreement with its European loan partners, government officials express concerns that there will be fiscal gaps in the 2015 budget and a need for further aid. A few hours earlier, German Finance Minister Wolfgang Schaeuble made the...

Two Greek Ministries Disagree Over Port Authorities Privatization

The issue of the privatization of the port authorities of Piraeus and Thessaloniki has been the subject of disagreement between the ministries of finance and shipping. A senior finance ministry official said on Monday that the ministry is in favor...

Greek FinMin Hardouvelis Warns Over Economy Dropback due to Stalled Review

Greece's Finance Minister Gikas Hardouvelis warned that the country's economy could suffer a significant drop back into recession if the Greek bailout program review remains stalled. In an interview with the Sunday edition of Greek newspaper "Kathimerini," Hardouvelis pointed...

Greek FinMin: Greek Govt Surplus Falls Short

The Greek government's projections regarding the budget surplus for 2014 fell far short, the country's Finance Ministry announced earlier today, citing lower tax revenue and a stalled bailout review that prevented the disbursement of funds, according to Reuters. As the...

January 25 Elections will Cost €60 Million

The elections of January 25th are expected to cost over 45 million euros, excluding the cost of the remuneration of Greek police, estimated at 15 million. The finance ministry asked the ministry of interior to cut election costs as much as possible, following...