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Jean-Claude Juncker: Eurozone Not Ready to Unlock Greek Bailout
Eurozone finance ministers warned Greece on Thursday that they are not yet ready to unlock a new debt bailout despite an agreement between Greek...
Second Bailout Not Enough, Greece Needs Another $20 Billion
ATHENS – With a first bailout of $152 billion failing to slow Greece’s slide towards default, a second rescue package of $169 billion won’t...
Greeks Including Venizelos Reject Idea of EU Budget Czar for Greece
ATHENS – Starting with Finance Minister Evangelos Venizelos, whose position effectively would become moot, Greek officials said they will not go along with a...
The Telegraph: IMF Pushes Greece To Give Up Autonomy Over Its Budget
British Newspaper The Telegraph published an article on how the International Monetary Fund (IMF) has indicated that Greece will have to give up autonomy...
Bloomberg: ECB Says "No" to Haircut on its Own Greek Debt
The European Central Bank remains firmly opposed to any restructuring of its Greek bond holdings, as the debt was acquired for monetary policy purposes,...
Time Running Out Fast for Greece While Investors Balk at Losses
ATHENS – While the government keeps insisting it soon expects a deal with private investors to write down the country’s debt, as part of...
Divide Emerges Between IMF and EU Over Failed Greek Austerity Measures
ATHENS – Some 21 months after Greece began to impose harsh pay cuts, tax hikes, slashed pensions and scores of thousands of layoffs of...
Merkel Warns on Second Greek Aid Package
German Chancellor Angela Merkel said on Monday it would not be possible to pay out the next aid tranche to Greece without rapid progress...
Call for Coalition Government to Stay On Until 2013
ATHENS – Following remarks from New Democracy party leader Antonis Samaras that elections tentatively scheduled for Feb. 19 will probably have to be rescheduled...
IMF Approves EUR 2.2 Bln Loan Tranche For Greece
The International Monetary Fund Monday approved a EUR2.2 billion tranche of its emergency loan program for Greece, paving the way for the debt-ridden country...