Greek debt

Figures from the European Union's statistics agency Eurostat showed that Greece's public debt rose to 160.5 percent of Gross Domestic Product (GDP) in the first quarter of the year, an indicator that the economy is not getting better as...

German Chancellor Angela Merkel rejected a second Greek debt writedown as officials weigh additional measures to prop up the bailed-out nation. “I’ve said repeatedly that I don’t see a debt cut for Greece,” Merkel told reporters in Berlin today at...

Just as Greece seemed to be heading toward getting back on its feet financially, the country's primary deficit grew in the wake of an attempt to regain credibility and pay back bills - a target that fell far short...

German Chancellor Angela Merkel said there is no chance that Greece will be allowed to write down its debt again, this time by imposing big losses on its public lenders the same way it did to private investors,...

In an interview withthe German newspaper Die Welt, the Minister for Development & Competitiveness Kostis Hatzidakis indirectly accused former Interior Minister Antonis Manitakis for the state public broadcaster ERT’s closing down, even though Manitakis had opposed it. “Given the fact...

Japonica Partners & Co., the U.S. investment firm that last month said it would buy as much as 2.9 billion euros ($3.8 billion) of Greek debt, offered to purchase more of the bonds at a lower price amid concern...

A new restructuring of the Greek debt, an open debate on Germany’s responsibility towards the people of the European Union since World War II and the country’s straightforward participation in Greece’s recovery were Chatzimarkakis’s suggestions at the event on...

Driven down by relentless austerity measures, Greek government debt fell from 170.3 percent of Gross Domestic Product in 2011 to 156.9 percent at the end of last year, according to figures published by Eurostat, that also showed the  deficit...

German historian and professor of Political Economy at London School of Economics Albrecht Ritschl has advised the German government not only to help Greece through its crushing economic crisis instead of backing more harsh austerity measures but be happy...

Greek Finance Minister Yiannis Stournaras said his goal is to push Greece into a primary surplus this year to earn debt relief. That comes after inspectors from international lenders concluded a review of Greek books that is slated to...