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Europe Sends 5-Day Ultimatum to Greece

Wednesday's emergency Eurogroup will be crucial for Greece as its European partners will judge the country's proposal for a new bailout program. The new Greek...

Greece's Euro Membership 'Irrevocable,' EU Commission Stresses

Greece's membership in the Eurozone is "irrevocable," European Commission spokeswoman Annika Breidthardt said on Monday, amid press speculation of a possible "Grexit" that would leave...

Political Uncertainty May Hurt Greek Tourism

"The last bastion of Greek economy will collapse, unless politicians rise to the occasion," said the president of the Association of Greek Tourism Enterprises...

Keep Lending Us Money, But Don't Tell Us What to Do

After the announcement of the presidential election by the Greek coalition and the political upheaval that followed, some European Union officials expressed opinions that...

Troika's Technical Teams Return to Athens Tomorrow

The return of the Troika's technical teams in Athens tomorrow, along with Eurogroup's decision for a two-month technical extension of the Greek program, announced at...

Eurogroup in Favor of a Precautionary Credit Line to Help Greece

The Finance Ministers participating at the Eurogroup met yesterday in Brussels and discussed the current economic situation prevailing in the Eurozone. They also discussed...

Dijsselbloem: EU Is Willing to Help Greece

Arriving at the opening of the Eurogroup meeting on Thursday, in which Greece’s next day after the memorandum exit will be tabled, Jeroen Dijsselbloem declared...

EU Commissioners Optimistic Over Greece's Next Day

European Union Commissioner for Economic and Monetary Affairs, Pierre Moscovici, stated today that Greece's growth rates gives hopes for the country's future: "We will...