loans

Prime Minister Kyriakos Mitsotakis pledged on Tuesday that Greece will make an early repayment of 5.3 billion euros of bilateral bailout loans from European countries by the end of the year. This pledge for repayment ahead of time is a...

The US Department of Education has agreed to cancel $6 billion worth of student loans for over 250,000 people as a result of a settlement of a class-action lawsuit. The case, Sweet v. Cardona, involved 264,000 people who claimed that...

The Greek financial system remained strong throughout the Covid-19 pandemic, the Bank of Greece stated in its Financial Stability Review.

Greek banks are expected to cut up to 4,000 positions during the year 2019, various outlets in the Greek media reported on Monday. Most of the reductions, as has happened in the past, are not expected to come through outright...

  According to Greece's state-run AMNA news agency, the EuroWorking group finally gave the green light on Thursday to Greece to repay part of its IMF loans early. Today's meeting of the Eurozone countries in the EuroWorking group approved the Greek...

The Greek Finance Ministry sent to the European Stability Mechanism (ESM) on Monday evening the government's proposal for the repayment of part of the loans Greece has received from the International Monetary Fund (IMF). There has not yet been an...

Greece's Finance Minister Euclid Tsakalotos on Tuesday confirmed that Greece is planning an early repayment of loans it received from the International Monetary Fund (IMF). Speaking to "Radio Thessaloniki 94.5," Tsakalotos noted that the IMF loans are "very expensive debt." He pointed...

Bank executives and employees of the New Democracy and PASOK parties will soon face criminal charges, Greek media reported on Friday, after financial prosecutors decided to take action on the issue of the two parties' funding. Greek prosecutors conducted an...

The German Finance Ministry is believed to be opposed to Greece's plans to repay the country's loans to the IMF earlier than stipulated, the German paper Handelsblatt reported on Friday. The Greek Finance Ministry is planning to repay a sum of €3.8...

Τhe Bank of Greece on Thursday presented a plan to reduce Greek banks' non-performing loans by up to 47 percent. Greek banks currently hold the highest level of such loans in Europe. The non-performing loans are a huge burden for banks...