Greece
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Bailout review

Greece Still Faces Painful Reforms Despite Bailout Funding

Monday's Eurogroup meeting concluded that the Greek government needs to implement  88 prior actions for its third bailout review to be completed, 15 of which remain outstanding. Among the most painful of the actions in the list presented to the...

Eurogroup to Declare End of Bailout Review, but No Cash Tranche Yet

The Greek government has invested heavily in a smooth conclusion of the third bailout review and Monday's Eurogroup meeting is expected to confirm that, but it is also expected to hold off on the 6 to 7 billion euro...

€6-7B Greek Bailout Tranche Set for Late January

    The next Greek bailout tranche, worth 6 to 7 billion euros, is expected to be disbursed in late January, provided that 55 agreed-upon measures are undertaken by the Greek government by that time. A Eurogroup source told the Athens -...

EU Commission Report Praises Greek Reforms, Asks for More

The European Commission talked up the Greek government's reform drive, but warned that more reforms are required, as creditors are reviewing the bailout terms and considering a post-bailout landscape for Greece. “Greece has undertaken significant reform efforts across all policy...

Tsipras in Parliament: Solid Growth for 2018

Speaking in Greek parliament on Friday, Prime Minister Alexis Tsipras was more optimistic than ever about the country's primary budget surplus in 2017, and the projected growth rate for 2018. "We will close this year with the number 2 in...

Governor of Bank of Greece Calls for Swift Conclusion of Bailout Review

The Greek government and foreign lenders must intensify efforts to swiftly conclude a review of the country's compliance with fiscal targets and reforms under its current bailout, governor of Greece's central bank Yiannis Stournaras said. Inspectors from the country's creditors,...

Dijsselbloem in Athens: Greece Needs "Clean" Bailout Exit

After meeting with the president of the Republic and the PM, Eurogroup Chairman Jeroen Dijsselbloem said that Greece and its European creditors are on a good path to completing the latest round of bailout talks, with a view to...

ECB Official: Putting Off Reforms Could Complicate Bailout Review

The Greek government should not put off agreed bailout reforms or it could “complicate” an upcoming bailout review by its foreign creditors, a European Central Bank official said. The third bailout review is expected to begin in October with bad...

Greek Fin Min Tsakalotos to Remain in his Post Until August 2018

Government spokesman Dimitris Tzanakopoulos said that Finance minister Euclid Tsakalotos will most certainly remain in his post until the end of the upcoming bailout negotiations with Greece's international lenders in August 2018. "I'm certain that Mr. Tsakalotos will be negotiating...

Moody's Upgrades Greece's Sovereign Bond Rating to Caa2, Changes Outlook to Positive

Ratings agency Moody's announced on Friday it is raising Greece's credit rating one notch from "Caa3" to "Caa2", citing the successful completion of the second program review, the improved fiscal prospects, as well as tentative signs the economy is...