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Greece Has Third Highest Debt to GDP Ratio in the World

Greece has the third highest government debt as a percentage of gross domestic product (GDP) in the world, according to latest statistics

Greek Hotels Plead For Help Amidst Despair Over TUI Debt

Greek hotel owners are facing huge losses this year as Tui AG, the largest leisure, travel and tourism company in the world, is deferring...

Debt Package is 'Credit Positive' for Greece, Says Moody's

A debt relief package offered to Greece by its creditors last week is a significant benchmark in Greece’s ongoing recovery from its deep government...

Greece Gets Debt Relief and Cash Payout as Bailout Saga Ends

Eurozone ministers agreed debt relief and a big cash payout for Greece in the early hours of Friday paving the way for its program...

Greek Debt Viability Trajectory Worse than Expected

The sustainability of the Greek debt over time is one of the major issues tackled by world economists and a new report by the...

ESM on Greek Debt Relief: We Shall See After August 2018

Greece's lenders will be able to determine if Greece needs further debt relief only in the summer of next year, the head of Europe’s...

Varoufakis: 'I Was Right About the Debt, and You Know it!'

Former Finance Minister Yanis Varoufakis replied to an article published in Kathimerini through his blog. Here is his reply: In a recent article entitled “Varoufakis and...

EU Says Greece Needs Additional Debt Relief

The EU says that Greece will need more debt relief in order to win the trust of investors, even though it’s likely to exit...

ECB Still Looking for 'More Clarity' on Greek Debt Relief Before Buying Gov't Bonds, Source Says

A recent report by Reuters said that what kind of debt relief Greece will be granted by its international lenders is something which the...

Creditors to Disburse Loan Tranche to Greece, But No Debt Relief Discussion

Greece's European creditors and the International Monetary Fund are to disburse the next loan tranche to Greece but the debt relief issue will not...