bailout program

On Monday the president of Eurogroup, Jeroen Dijsselbloem, told eurozone finance ministers that the time for realistic expectations regarding Greece's fiscal targets is on the horizon as he bluntly stated: "We need to be realistic" about setting expectations for the...

There is no issue of a fourth bailout program for Greece but it is vital for the country to succeed in the third program, Executive Board member of the European Central Bank (ECB) Benoit Coeure reportedly told Greek newspaper Efimeritha...

Minister of Economy Giorgos Stathakis addressed the issue of the ongoing negotiation talks with Greece’s creditors while in Chania, the second largest city of Crete. Responding to a reporter’s question about the status of the negotiation talks, Mr. Stathakis said...

European Commission Vice-President for Energy Union Maroš Šefčovič said that energy is a key ingredient in the bailout program and essential to the bailout review. Speaking to Capital.gr, Mr. Šefčovič said that the European Commission is pleased with the progress...

Speaking in the parliament, Greek finance minister Euclid Tsakalotos confirmed that negotiation talks between Greece and the international creditors are up in the air and said that there won’t be a full release of funds since there will be...

The new bailout program for Greece continues to divide the country’s international creditors as the International Monetary Fund (IMF) refuses to go along with the reform guidelines proposed by Athens and EU officials. The position of the IMF is that...

Greek government sources and the International Monetary Fund itself confirmed today that the bailout program agreed in 2012 has been cancelled at the request of Greek authorities. According to Ministry of Finance sources, the joint decision was made in order...

Stratfor Intelligence has released a report which contains a rather pessimistic assessment about the state of affairs in Greece. The intelligence firm predicts that the month of May will be one of huge challenges for the Greek government as this...

A few days ago, Greek Finance Minister Euclid Tsakalotos said that Greece was not opposed to IMF’s participation in the new bailout program, which his government had signed in August 2015 with the nation’s official creditors. Today, Greek Prime Minister...

The Panhellenic Seamen’s Federation announced that it would be holding a 48 hour strike starting on Monday, November 2 at 6 am. All Greek ferries will remain tied in ports across the country and no route will be serviced. Meanwhile,...