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Financial Minister Papaconstantinou States Debt Restructuring Would be Catastrophic

Greece’s Finance Minister said Tuesday that he welcomes a discussion on an extension of the repayment period of the 110 billion Euro bailout.  However he warned...

Financial Minister Claims IMF-EU Bailout Repayments Will Be Extended

Greece’s Finance Minister said Monday that the country is likely to get an extension for the repayment of its EUR110 billion bailout, Dow Jones...

Greece May Receive 11 Year Period to Repay Bailout by EU & IMF

The EU and the IMF could extend the period for Greece must to repay its bailout loans by five years.  This would alleviate its debt,...

EU & IMF States Greece's Fiscal Adjustment Program is on Track

Greece is broadly on track in implementing its fiscal adjustment program, the EU/IMF mission in Athens said Tuesday.  However the mission warned that challenges...

Troika Press Conference Rescheduled for Tuesday in Athens

The scheduled press conference by EU and IMF inspectors concerning their latest inspection and the release of the third tranche of  loans to Greece...

Greek Fin Min: No Comment On Austria's Warnings On Aid

Greek Finance Minister George Papaconstantinou refused to comment Tuesday on reports that Austria might withhold its contribution to the country's E110 billion aid deal. "I...

EU to Decide on Euro Zone Debt Crises Changes Needed

EU members will decide on a permanent mechanism to resolve euro zone debt crises and possible changes to the EU treaty in December.  Reuters...

Bank of Greece 2010 Interim Monetary Report Comments

Further deficit efforts from Greece should focus on spending cuts and reining in tax evasion and not on new taxes, Greece’s central banker said. "There...

Greece, Italy & Syria Collaborate on Power Plant

The Syrian Ministry of Electricity signed an agreement today with a consortium consisting of Greek company Metca and Italy's Ansaldo.  The agreement is for the...