bailout program
Economy
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...
Canada
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,...
Economy
'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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...