Greece

Greek Energy Minister Panagiotis Lafazanis called on the government and the Greek Prime Minister to take back the agreement, before any final decisions are made by the parliament, in a written statement. “Greece had an alternative to the agreement. The...

European Parliament President Martin Schulz said on Monday he is confident the Greek government will do whatever it takes to implement the necessary reforms, according to statements made on German talk show “Brennpunkt” of public broadcaster ARD. “It doesn’t make...

Yanis Varoufakis resigned from his finance minister post just a week ago and is already causing commotion away from the center of political and economic activity. Varoufakis gave an extensive interview to Harry Lambert for the NewStatesman, released on July 13, in which he...

Although earlier the IMF said that is willing to work with the Greek government who had stated that there are no funds to pay debt until a new bailout deal is finalized, a few hours later, the organization issued...

The Greek Public Sector Union (ADEDY) urged citizens working in the country's public sector to stage a 24-hour strike on Wednesday and express their opposition to the new 86-billion-euro bailout deal Greek Prime Minister Alexis Tsipras agreed on Monday morning with the country's...

Greek Prime Minister Alexis Tsipras is likely to face internal strife over his 86-billion-euro agreement with international creditors on Monday. The deal, which was struck after 17 hours of deliberations and will include more measures and reforms than the ones Greece...

The International Monetary Fund (IMF) said on Monday it is ready to work with the Greek authorities and its European partners to help moving forward an agreement reached during a Euro Summit earlier in the day. IMF Director of Communications Gerry Rice said in a...

Dutch Finance Minister Jeroen Dijsselbloem spoke after Monday morning's agreement on a 86-billion-euro bailout for Greece. Aside from finally reaching a deal with Greece, Dijsselbloem had another reason to be cheerful on Monday. During this Eurogroup he was reelected as Eurogroup President. The Dutch...

The first signs of dismay -but not necessarily of a crack- in the SYRIZA-ANEL coalition government regarding the 86-billion-euro bailout deal appeared just a few hours after Greek Prime Minister Alexis Tsipras agreed with international creditors in Brussels. Defense Minister and Independent Greeks (ANEL)...

The Greek government has to take back bills and amendments that were unilaterally decided after the February 20 bailout extension agreement was signed. One of the creditors' many requirements attached to the new bailout package says that "with the exception of...