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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...
Greece to be Subject to Strict Post-Bailout Surveillance
Greece will be subject to strict surveillance by European institutions after the end of the third bailout program in August.
According to a document seen...
Gap Between EU-IMF over Greek Debt Remains
The International Monetary Fund and the European Union continue to disagree on the Greek debt relief issue, as was shown during the IMF and...
Stournaras: NPL Sales Speedup Crucial for Greek Banks
Greek banks have shown progress in tackling a stockpile of non-performing loans, Bank of Greece governor Yannis Stournaras said on Friday, but added that...
ESM Approves 8.5Bln Euro Tranche to Greece
The Board of Directors of the European Stability Mechanism (ESM) today approved the third tranche of €8.5 billion of ESM financial assistance to Greece.
This...
Moody's Upgrades Greece's Sovereign Bond Rating to Caa2, Changes Outlook to Positive
Ratings agency Moody's announced on Friday it is raising Greece's credit rating one notch from "Caa3" to "Caa2", citing the successful completion of the...
Greece Gets a Deal: Full Eurogroup Statement
The Greek government managed to get a deal with its creditors at Thursday's Eurogroup and unlock the next vital cash tranche of its bailout...
Debt Relief for Greece Essential, Peterson Institute Working Paper Concludes
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...
Why Did Winter Sales Flop this Season?
If you didn't go out and shop until you drop over the past months' winter sales, you are not alone. According to the Athens...
Eurogroup Outcome Negative for Greece
Greece's efforts to unlock negotiations on the bailout program review have failed as euro zone finance ministers on Thursday did not set a date...


