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Desperate for Funds; Greek Government Promotes Plastic Money Initiatives

Deputy head of the Greek tax collector's union Tryfon Alexiadis confirmed the Finance Ministry’s intention to extend the use of plastic money. The Ministry...

Greek Finance Ministry Announces Capital Controls Amendments

On Monday, the Greek Finance Ministry announced new modifications to the capital controls that have been imposed in Greece since June 28, 2015. While the...

Greece Eases Capital Control Restrictions to Aid Students and Soldiers

The Greek Finance Ministry has decided to ease the restrictions imposed on Greek citizens due to capital controls that were put in effect a few...

Greek Finance Ministry to Loosen Up Capital Controls

The Greek finance ministry will add some new measures regarding capital flow that would loosen up certain restrictions that apply now. In order to give...

Greek Budget Revenue Exceeds August Target

Budget revenues surpassed targets by 1.6 pct in August, the Finance Ministry said on Monday.  In an announcement, the ministry said that budget revenues totaled...

Athens Stock Exchange To Reopen On Monday After 5-Week Shutdown

Hellenic Capital Market Commission (HCMC) Chairman Konstantinos Botopoulos told international media on Friday that the Athens Stock Exchange (ASE) will reopen on Monday, August 3, after shutting down...

IMF Receives Greek Request for New Loan

The International Monetary Fund stated on Friday that it had received a letter containing Greece's request for a new loan. "We will discuss with...

New Greek Ministerial Decision Regulating Capital Controls Issues

A new ministerial decision regulating certain problems that emerged after capital controls were imposed on Greek banks, will facilitate money transfers for businesses. However,...

Greece Dismisses Rumors About Preparing IOUs to Pay Pensions

The Greek Finance Ministry dismissed a recent news article, which claimed that the government was preparing to pay state pensions with IOUs. The Greek newspaper...

Trade Unionists Hang Anti-Austerity Banner On Greek Finance Ministry

While Greece's Prime Minister Alexis Tsipras was negotiating with international creditors for the the country's salvation earlier today, a huge banner that urged Greek citizens to vote...

Michalis Psalidopoulos Appointed as Greece’s New IMF Representative

Michalis Psalidopoulos was appointed as Greece's new representative at the International Monetary Fund (IMF), the Finance ministry said on Wednesday. Psalidopoulos is the president of...

Greek Finance Ministry Occupied by Trade Unionists

Members of the All Workers Militant Front (PAME) trade union have currently occupied the Greek Finance Ministry. According to their announcement, “at the moment, workers...

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