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Lipsky Says Greece Rescue Efforts Failed

Efforts to rescue Greece have failed to provide the basic structural reforms needed to help bring competitiveness to its economy, said John Lipsky, the...

Troika Not Discussing Greek Haircut

Greece's international lenders are not currently discussing the possibility of another debt restructuring, or "haircut", for the country, the coordinator for the euro zone's...

German Press Says Greece May Get More Time

As Greece struggles with a crushing economic crisis, German media is reporting that dispute mixed messages, that the country may be granted a two-year...

IMF Sees Greece Missing Debt Targets by 2017

Greece will miss the five-year debt reduction target that underpins the country΄s 130 billion euro bailout, according to forecasts released by one of its...

Draghi Says No Extra Time for Greece to Pay Loans

European Central Bank chief Mario Draghi said Greece would not get extra time to pay off its debt, calling an extension "tantamount to monetary...

Economy Sinking, Cyprus Seeks $14 Billion Bailout

Unable to pay its bills and needing to recapitalize its banks, Cyprus will ask international lenders for an11 billion euros, or $14.2 billion bailout,...

Troika Rejects $2.58 Billion in Greek Budget Plan

With a report showing Greece will suffer a sixth year of recession in 2013 because of harsh austerity measures, envoys from the Troika of...

Samaras Says Greeks Now Have Hope

With the country’s economy still sinking, unemployment and social unrest rising and under pressure from his coalition partners and international lenders, Greek Prime Minister...

Tsipras Calls for Mass Protests Against Austerity

Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras has dismissed hopes that Greece would get  two-year extension to meet reduce its deficit and...