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Extension Of Mid-Term Fiscal Plan Brings Additional Ten billion Euros Measures

IMF/EU/ECB ask for additional measures of €4 billion for the period 2011-2015 besides measures of €6 billion already included in the draft budget of...

Troika and Venizelos to Meet Again Today

Representatives of Greece's international creditors (IMF, EU and ECB), who have been in Athens for the past week, continue to apply pressure for further...

IMF’s Man Says Greek Rescue Plan May Fail

  ATHENS - The International Monetary Fund's representative in Greece has warned that a $152 billion bailout of rescue loans may not work because he...

Greek Bailout Inspection Over – or not

There seemed to be confusion over the state of the Greek bailout talks on Friday. Inspectors from the so called troika – the European Union,...

FT Deutschland Report: “Prime Minister Papandreou has Considered Resignation”

Financial Times Deutschland reported that Greek Prime Minister George Papandreou has been considering resignation from his current position as Greece's leader. The German newspaper claimed...

Greece Will Miss Its Deficit Targets Again

ATHENS - Wracked by recession, Greece will not meet deficit targets imposed by international lenders as a condition of a $152 billion bailout designed...

Greece’s Next Plan: Pay You Back in 100 Years

ATHENS - Struggling to pay back international investors who are demanding – and getting – usurious interest rates nearing 70 percent for two-bonds, Greece...

Oct. 13 is D-Day (Decision, Not Default) for Greece

ATHENS -  Greece will know on Oct. 13 whether international lenders will release an $11 billion loan installment needed to keep the country from...

Venizelos’ Tax Shift Causes Confusion Over Receipts

ATHENS – Finance Minister Evangelos Venizelos, who has levied a series of taxes and penalties on workers, pensioners and the poor, said taxpayers will...

As Greeks Rage, Merkel Says Germany Backs a “Strong Greece”

ATHENS – As Prime Minister George Papandreou’s PASOK Socialist Members of Parliament unanimously supported an emergency property tax as part of crushing new austerity...

IMF Chief Lagarde Says Patience Thin on Greece

As inspectors for international lenders returned to Athens to determine whether to release an $11 billion loan installment needed to keep the country from going bust, International Monetary Fund chief Christine Lagarde said investors are weary of helping Greece. “If the Greeks do not want our advice[...]

Second Greek Bailout May Be In Jeopardy

As the drumbeat of default expectation grows in Athens, Europe and the United States, German Finance Minister Minister Wolfgang Schaeuble, whose country is footing...

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