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Greek Agreement

Finnish FinMin Finally Announces His Country's Participation in Greek Loan Deal

"Today I got a mandate to approve the third package for Greece," Finnish Finance Minister Alexander Stubb told reporters on Thursday, revealing the Finnish government's intention to finally participate in Greece's new rescue loan deal. The decision, which was made by the Finnish...

German FinMin's Hawkish Stance Toward Greece Continues

German Finance Ministry officials requested further clarification on the bailout draft agreement between Greece and its creditors, since there is "no clarity on the direction of policies," according to the German government. The three issues that mainly concern Germany, according to German Finance Minister...

European Commission Prepared for Greek Bridge Loan Scenario

The European Commission is prepared to face the potential scenario of a bridge loan for Greece, noted spokeswoman Annika Breidthardt during a briefing on Thursday. She noted that as European Commission President Jean-Claude Juncker has said in the past, the Commission aims to...

Greek Parliament to Vote Bailout Deal in Marathon Session

The Greek Parliament's Conference of Speakers decided to open the Parliament to discuss and vote the draft omnibus bill with the agreement reached between Greece and international creditors. It was the first time the Conference of Speakers convened publicly and the session...

Germany Poses Threat to Greece's Bailout Agreement

Germany poses a potential threat to Greece's bailout agreement as the cash-strapped country rushes to complete it in order to get disbursement of funds before August 20. German Chancellor Angela Merkel faces resistance from within her party to hold a...

Greek Parliament President Delays Bailout Agreement Voting Procedure

Greek Parliament President Zoe Konstantopoulou delays the emergency voting procedure for the country's bailout agreement by scheduling the party leaders' meeting at 9:30 pm on Wednesday. Prime Minister Alexis Tsipras tried to expedite the ratification of the draft deal for financial...

The 38 'Hot' Measures Required for Greece's Bailout Agreement

The Greek government tabled a new draft bill in parliament that includes several painful measures and reforms, required for Greece's third bailout deal. The government filed the "Draft Agreement for Financial Assistance from the European Stability Mechanism and adjustments for the implementation of...

Tenders for Greece's Two Main Ports to be Announced Soon

The Greek government and the Hellenic Republic Asset Development Fund (HRADF) will announce the dates for the tenders of Greece's two main ports in the next two weeks. According to Greek government sources, the country’s privatization agency will soon...

Merkel Speaks Again with Tsipras Over Greek Bailout Agreement

German Chancellor Angela Merkel expressed on Tuesday her reservations to Greek Prime Minister Alexis Tsipras over the agreement on Greece's new program, insisting on a bridge loan instead, according to Greek government sources. During a telephone conversation that was made at her initiative, the two...

List of Reforms Greece Needs to Implement as Required by Bailout Agreement

The much-anticipated bailout deal between Greece and creditors is signed and the Greek government has to implement the following reforms in order to receive the 86 billion euros the three-year program will provide: Reforms that should be voted and implemented...