Peterson Institute

Greece cannot sustain primary surpluses exceeding 3.5 pct of GDP for more than three or four years at most and will therefore need additional debt relief from its European creditors, according to a study published on the Peterson Institute...

After a meeting in Washington, D.C., with International Monetary Fund chief Christine Lagarde, one of Greece's Troika of international lenders, Prime Minister Antonis Samaras, the New Democracy Conservative party leader, again began fishing for a debt cut he said...

While the Greek government is crowing that it has achieved a primary surplus and the economy will begin to recover next year, skepticism abounds in some quarters still, particularly in a report in CNN Money which said the statistic...

The Cypriot banking crisis is yet another blow to the Eurozone system, but it is the Cypriot people who are experiencing the true impact of the embattled banks and the imposed haircut of the Troika. Some experts claim that the...

Angry Cypriots who weren’t notified that up to 9.9 percent of their bank deposits would be seized by the newly-elected Conservative government to help pay for bailing out the country’s economy were prevented from withdrawing their money on March...