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SZ: Greek Bond Issue Not Cause for Celebration

German newspaper Süddeutsche Zeitung said Wednesday that Greece has returned to the bond market under false pretences that shouldn’t be celebrated. “Greece is seeing its return to the markets as the country’s return to normalcy. But the situation is a little...

Greek FinMin: Troika Made Many Mistakes

Greek Finance Minister Yannis Stournaras was very critical of the Troika during his meeting with members of the European parliament, who are monitoring the activities of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) task force operating in EU...

Greece's Debt Isn't Solved

A progress report on the new EU mechanisms set up for “supervision and solidarity” in the post bailout program era, addresses the tight fiscal and regulatory framework in which Greece is asked to deal with its persistent economic and...

Greek Federation of Employers Asks for Reduction of Labor Costs

The Greek Federation of Employers, SEV, is asking for the reduction of labor costs as a negotiating point for talks with the unions and the government. On the other side, ESEE, the Confederation of Greek Merchants is asking for...

Clashes Outside Greek Parliament Ahead of Austerity Vote

As thousands of demonstrators clashed with police outside on Sunday, Greece's parliament debated painful austerity measures the country must take in exchange for a multi-billion euro bailout and debt restructuring program. The loan-for-austerity package that will be voted on at...

Troika Expected Return to Greece on Wednesday

According to Reuters, a mission of inspectors from Greece's international lenders will probably return to Athens on Wednesday, a source close to the inspection team, also known as the "troika", said on Tuesday. When asked if the troika mission chiefs...