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Greece-Creditors Technical Teams Unable to Reach Agreement
Saturday's teleconference on the second bailout program review between Athens and creditors proved to be fruitless, as it turned out to only be an exchange of...
Institutions Leave Athens With Many Critical Issues Unresolved
Today Greek officials reported that talks between foreign envoys representing the institutions of the latest bailout review and Greek government concluded without the parties...
Greek Government Submits 2017 Budget, Including Many New Taxes
The 2017 state budget was tabled in Greek Parliament on Monday, projecting a 1.8% primary surplus and 2.6 billion euros in new taxes.
According to...
Institutions Present Draft Agreement to Athens as Negotiations Continue
On Sunday representatives of Greece's creditors presented the government with a draft agreement for completing the second review. According to a Greek finance ministry official,...
Schaeuble Doesn't Rule Out More Measures for Greece in 2018
German Finance Minister Wolfgang Schaeuble on Thursday did not rule out the possibility of "additional measures" in 2018 to assist Greece financially. However, he...
Dombrovskis: Agreement Between Greece and its European Lenders Possible
An agreement between Greece and its lenders is possible, European Commission Vice President Valdis Dombrovskis said on Friday.
In statements to Politico, he said that...
IMF: Greek Debt Is 'Highly Unsustainable'
The International Monetary Fund urges European creditors to offer Greece substantial debt relief because the country's debt is "highly unsustainable," according to Reuters.
The report...
Greece-Creditors Rush to Reach Draft Deal by Monday
The Greek team and creditors will try to reach a draft deal by Monday on the content of the measures Athens has to take...
Greece's Lenders Propose Drastic Cuts on Supplementary Pensions
Negotiations between Greece and its lenders continued on Saturday with the latter suggesting deep supplementary pension cuts and higher income tax on low and...
Greece Rushes to Complete Bailout Program Review by Sunday
Greece's Finance Minister Euclid Tsakalotos is rushing to complete the bailout program review by Sunday in order to reach an agreement he can present...