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Greece Expects Statement of Progress in Monday's Eurogroup

Athens is expecting a positive statement of progress in negotiations in Monday's Eurogroup, after the completion of discussions with lenders' representatives in Brussels yesterday. European Commissioner for Economic and Financial Affairs, Taxation and Customs Piere Moscovici stated during a business...

SYRIZA Hard Leftists Disagree With Concessions in Negotiations

The SYRIZA "leftist platform" didn't take the sudden positive developments in negotiations very well after Wednesday's joint statement of lenders that they will help Greece achieve financial stability and growth. The party's hard leftists, led by Minister of Productive Reconstruction,...

Greece's Lenders Reiterate Objective to Help Greece

After Wednesday's joint statement between Prime Minister Alexis Tsipras and European Commission President Jean-Claude Juncker, Greece's lenders issued a joint statement reiterating their "objective of helping Greece achieve financial stability and growth." This signifies the unlocking of negotiations that have...

German Press: Gov't Considers Special Levy to Greece's 500 Richest Families

The Greek government is considering imposing a special levy on the country's 500 richest families as part of the measures proposed in order to unlock financial aid, said German newspaper Bild on Wednesday. The paper cites as source the list...

The Possibility of a Referendum for Greece

The results of a new opinion poll were released today making us less wise about what Greeks really want, or don't want, regarding the country's position in the European big picture. With debt negotiations at a crucial stage and pensioners...

Greece Starts Negotiating Third Bailout Program

Greece starts a new round of negotiations in Brussels aiming at a third bailout program and a new loan of 46-50 billion euros, according to a real.gr report citing an International Monetary Fund leak to the Financial Times. The IMF...

Greek Labor Min: Greece Willing to Reach Deal but IMF Insists on Tough Labor Reforms

Greece intends to make due payments to lenders and reach an agreement, but the International Monetary Fund insists on tough labor reforms, said Labor Minister Panos Skourletis. Greek Prime Minister Alexis Tsipras and the finance ministry negotiating team are trying...

Tsipras Changes Course in Negotiations, Aims at Final Deal for Greece

Prime Minister Alexis Tsipras has decided that an intermediate deal will not benefit Greece at the moment and is now changing course in negotiations aiming at a final deal that would secure financial support for 2015 and 2016. According to...

Greek Parliament Budget Office: Lack of Strategy Harms Economy

An agreement with creditors is urgent because the country is in danger of falling into deep recession and the government's lack of strategy harms the economy, says the quarterly report of the Parliamentary Budget Office. According to the report, the...

Varoufakis: Concessions to Reach Deal, Lenders Push Us to the Limits

Greece will make concessions in order to reach an intermediate deal that would increase liquidity now, and then come up with a comprehensive list of reforms for a final deal in June, Finance Minister Yanis Varoufakis said. "We are putting...