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bailout program

Member of Executive Board of ECB Says it is Vital for Greece to Succeed in Third Bailout

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...

Greek Minister of Economy Hopes Agreement With Creditors Will Be Reached by April 22

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...

Greece Must Make Its Energy Sector More Competitive: European Commission Vice-President for Energy Union

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...

Greek FinMin Tsakalotos Admits Bailout Review Process Is Up in the Air

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...

European 'Troika' Meeting in Frankfurt Over Greek 'Fiscal Gap' Proved Fruitless

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...

Greece Cancels Existing IMF Bailout Program

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 Predicts Huge Challenges Ahead for Greece

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...

At Davos, Greek PM Reiterates Greece’s Acceptance of IMF Role in New Bailout Program

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...

Panhellenic Seamen's Federation to Hold 48 Hour Strike

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,...

European Commission VP: The 'No' in Greek Referendum Complicates Negotiations

The 'no' vote in the Greek referendum complicated things and a new bailout program for Greece cannot be negotiated without a mandate from the Eurogroup, said European Commission Vice-President Valdis Dombrovskis at a daily news conference by the Commission. "The...