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Troika Returns to Greece for Third Program Review

The heads of the institutions' missions in Athens are to return to the Greek capital on Tuesday, with the purpose of achieving progress in the third program review, European Commission spokesman Margaritis Schinas said on Monday. The return of the...

Troika Returns to Athens for New Round of Talks

Talks between Greece's creditors and the government on concluding the third review of the Greek program are due to begin today (Monday), when the heads of the institutions' missions return to Athens. This will be the first round of negotiations,...

Wikileaks: IMF Threatens to Leave Troika Ahead of Greek 'Disaster'

Wikileaks has revealed a conversation between the two top IMF officials in charge of the Greek debt crisis, Poul Thomsen, head of the IMF’s European department, and Delia Velculescu, IMF mission chief for Greece. The details of the conversation,...

Former Greek FinMin Varoufakis Says He Resigned from Gov't as Troika Had No Intentions of Ending the Crisis

Former Greek finance minister Yanis Varoufakis discussed for the umpteenth time the other day his tenure with the government of Alexis Tsipras. Speaking on Bloomberg, Varoufakis said that he was not “fired,” but resigned after he realized that things were...

European 'Troika' Meeting in Frankfurt Over Greek 'Fiscal Gap' Proved Fruitless

The new bailout program for Greece continues to divide the country’s international creditors as the International Monetary Fund (IMF) refuses to go along with the reform guidelines proposed by Athens and EU officials. The position of the IMF is that...

Pessimism at Athens Stock Exchange As Troika Reviews Greek Bailout Program

The Athens stock market experienced losses following the first meeting between Greek government officials and the country’s creditors, especially since there were no news on the negotiation front. After a day of light trading, the Athens stock exchange general index...

Troika Meets with Greece's Finance and Economy Ministers on Friday to Continue Bailout Talks

The representatives of Greece's creditors will meet at 10:00 am on Friday with Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis to continue negotiations over the country's third bailout program. The four representatives - Declan Costello from the European...

Troika Returns to Athens to Assess Greek Economy and Start Negotiations

The troika of international creditors returns to Athens on Thursday to start assessing the state of Greece's economy, complete the review of the second bailout program and start working on the third. According to a Proto Thema newspaper report, the...

Creditors Reject Varoufakis' VAT Proposals, Greek FinMin Speaks of 'Domestic Troika'

Greece's creditors rejected Finance Minister Yanis Varoufakis' VAT proposals. Meanwhile, Varoufakis spoke of a "domestic Troika" who keeps arguing against his proposals. Varoufakis had proposed a 15% VAT for payments made by debit or credit card and 18% for cash payments. At the...

Greek Economist Suggests Troika Used False Data

During an interview with Greek journalist Nikos Evangelatos, Greek economist and Independent Greeks member Giorgos Romanias claimed that the reports on which the bailout program insurance measures were based are unacceptable. “They decided on wage and pension cuts because...

German FinMin Insists on 'Troika's' Role Ahead of Talks Between Greek Govt and Institutions

German Finance Minister Wolfgang Schaeuble has once again sparked displeasure in Athens, insisting that the unpopular "Troika" of creditors will be negotiating with the Greek government over the country's bailout package extension, despite the latter's objection on the matter. Eurozone's...

ECB President Draghi Urges Greece to Allow Troika Back Before It's Too Late

European Central Bank (ECB) President Mario Draghi urged the Greek government to allow the institution representatives, formerly known as the "troika" to return to Athens in order to disclose its cash position before it is too late. Mr. Draghi...

FT Publishes Letter of Eurogroup President to Varoufakis Saying Troika Will Return to Athens

Eurogroup President Jeroen Dijsselbloem sent a letter to Greek Finance Minister Yanis Varoufakis saying that technical discussions on Greece's bailout between creditors and the Greek government should be done in Athens and not Brussels as the Greek side has suggested. The...

Troika Returns to Athens Under Different Name

About twenty representatives from the European Central Bank, the European Commission and the International Monetary Fund will arrive to Athens next week to review the progress of reforms and measures Greece has agreed to implement. This time the number of...

Greek PM Tsipras: Troika and Memorandum are History

"We are at the start of a great and difficult battle... We are not going to escape from our commitments," stated Greek Prime Minister Alexis Tsipras speaking to SYRIZA's Central Committee on Saturday. He referred to a turbulence in...