reforms

Greece's world-leading shipping industry is coming under increasing pressure to carry a big part of the new taxes the new bailout agreement requires. The Greek government has agreed to raise taxes on the long-protected sector of shipping, "a part of...

A list of reforms some of which must be legislated by Wednesday in the Greek Parliament was submitted to the European Union by Eurogroup President Jeroen Dijsselbloem. The Greek side has called the text a "monster" as it contains some harsh...

As the meeting of the Eurozone finance ministers and the summit of the 28 European Union leaders are still in session, it was decided that there will not be a written announcement and that Eurogroup President Jeroen Dijsselbloem will...

The Greek finance ministry team is racing with time to come up with a comprehensive proposal in order to reach an agreement with creditors by Friday. The Greek proposal will be discussed on Saturday's Eurogroup. On Sunday, there will be...

Deputy Social Security Minister Dimitris Stratoulis stated that Greece will go to snap elections if lenders insist on austerity measures in order to sign a financial aid agreement. "The lenders want to impose hard measures. If they do not back...

The Greek government appears optimistic over the agreement with creditors as it is ready to present a list of reforms that will include concessions on thorny issues. Despite the fact that several reports quote European officials saying that a deal with...

There is a lot of talk in the past few weeks about resolving the Greek debt issue by coming to an "honest deal" with creditors. The Greek government keeps saying that it seeks an honest deal and not a new Memorandum. This...

The Greek government is ready to propose tax hikes and high pension cuts to lenders as part of reforms in order to unlock liquidity for the Greek economy. Also, labor market legislation is put on the negotiation table. So far...

The Greek government is considering imposing a special levy on the country's 500 richest families as part of the measures proposed in order to unlock financial aid, said German newspaper Bild on Wednesday. The paper cites as source the list...

Greece intends to make due payments to lenders and reach an agreement, but the International Monetary Fund insists on tough labor reforms, said Labor Minister Panos Skourletis. Greek Prime Minister Alexis Tsipras and the finance ministry negotiating team are trying...