Greece
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bailout program

Greek-Canadians Feel Optimistic After ‘No’ Vote

Greek-Canadian community members watched the referendum results on television, hoping that the Greek people’s celebrations will not turn into a living nightmare. They believe that Greece should stay in the Eurozone because that would not only benefit the country,...

'Greece Is Pushing for Grexit' According to Foreign Media

Greek banks have closed down, the ATMs have run out of money and the terrified Greek people are forming long lines outside gas stations in order to fill up their tanks. When Greek Prime Minister Alexis Tsipras called for...

German Chancellor: The Ball Is in Greece's Court

According to Reuters, German Chancellor Angela Merkel made a statement during the leadership meeting of her Christian Democrats (CDU) party on Monday, June 29, stating that it was up to Greece to move in the reform standoff with its...

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...

FT Publishes Letter of Eurogroup President to Varoufakis Saying Troika Will Return to Athens

Eurogroup President Jeroen Dijsselbloem sent a letter to Greek Finance Minister Yanis Varoufakis saying that technical discussions on Greece's bailout between creditors and the Greek government should be done in Athens and not Brussels as the Greek side has suggested. The...

Troika Returns to Athens Under Different Name

About twenty representatives from the European Central Bank, the European Commission and the International Monetary Fund will arrive to Athens next week to review the progress of reforms and measures Greece has agreed to implement. This time the number of...

Varoufakis: EU Partners Consented to Vague Terms in Agreement

Eurogroup finance ministers agreed to vague terminology in Greek bailout extension deal so that they can convince their respective parliaments to accept it, said Finance Minister Yanis Varoufakis on Greek television. Speaking in an ANT1 television interview, Varoufakis defended the...

German Media: Greece Likely to Sign 3rd Bailout

Greece is about to take out a new 30-billion-euro loan for two years and sign a third bailout agreement by June, according to German news agency MNI. The report cites a European Union official who revealed that discussions for a...

Merkel Faces Dissent from Her Party Over Greek Bailout Extension

German Chancellor Angela Merkel faces dissent from her coalition ranks as she prepares to extend Greece’s bailout. Although the German Parliament is set to vote in favor of the Greek bailout extension, there will be a lot of internal growling...

Internal Disagreements Within SYRIZA After Bridge-Program Deal

The 12-hour meeting of the SYRIZA parliamentary group was marked by serious disagreements over the Eurogroup deal on Tuesday that extends the bailout program for another four months. The loudest disagreements came from Minister of Productive Reconstruction Panagiotis Lafazanis and...