Memorandum

Greek Prime Minister Antonis Samaras appeared optimistic earlier today that the country is not going to need a new memorandum and it will soon be on track of development. During a press conference on the sidelines of the European...

Antonis Samaras’s plan for Greece to exit its bailout early is crumbling in the face of a vast market unravelling this week. Economists, meanwhile, are in near-unanimous agreement that the Prime Minister's exit strategy is largely to blame. Eighty-five percent of respondents...

"It is premature to talk about a Greek exit from the Memorandum, as we should first conclude the fifth review of its economic development in November, and then in December we can discuss about what is going to happen...

Greece is close to exiting the Memorandum of Economic and Financial Policies signed with the International Monetary Fund (IMF) and this will not have an impact on fiscal figures or increase the debt and the deficit, government spokeswoman Sofia...

The most important thing to remember when dealing with banks is a simple rule; banks are a business, motivated by profit. Banks are not sensitive to social needs, do not take risks and bank managers are not your friends....

Despite some encouraging economic signs – 27% returns on Greek debt, the highest among sovereign securities thus far this year – a recent Bloomberg article notes that Prime Minister Samaras still faces a difficult uphill battle if Greece intends to...

German Chancellor Angela Merkel, in a joint press conference with Greek Prime Minister Antonis Samaras earlier today, expressed her content with the progress achieved in Greece's recovery program. Although the Greek Premier went to Berlin with a specific agenda, no...

The 17 members of the Eurozone Finance Ministers participating in today’s informal Eurogroup meeting in Milan, asked Greek Finance Minister Gikas Hardouvelis to implement the commitments arising from the Memorandum of Understanding signed with the Troika. The Eurogroup members asked Hardouvelis to...

According to the Parliamentary Budget Office, one of the most predominant future scenarios is that Greece will be granted a new loan by the European Support Mechanism (ESM), accompanied by another memorandum in order to finance the Greek economy during...

Pensions in Greece have been reduced more than 30% during the last few years due to the measures implemented by the Memorandum. According to data from the Union of Social Security, 76.5% of main pensions are under 1,000 euros, while...