Bailout review
Economy
Greek Debt Relief Could Lead to Deferral of €123 Billion to Creditors
A forecast made by Germany's Finance Ministry says that a Greek debt relief scenario that suspends interest payment until 2048 could lead to the nation's creditors deferring receipt of up to 123 billion euros, according to a Reuters report.
A...
Economy
Dijsselbloem: Agreement on Final Package to be Reached Soon
"I hope the procedures to have been completed before the end of May," said Eurogroup chief Jeroen Dijsselbloem addressing on Thursday the European Parliament during a debate on the Greek program.
On his part European Commissioner Pierre Moscovici noted that...
Economy
IOBE: Greek Economy to Grow Only 1.5% This Year
The latest forecast from IOBE think tank estimates that Greece's economy will only grow by up to 1.5% this year, lower than initially expected due to the country's delayed bailout review.
Initial projections by IOBE were at 1.5 to 1.8...
Economy
Institutions in Athens on Monday to Conclude Bailout Review and Discuss Debt
International institutions are due back in Athens on Monday to further discuss the bailout review and debt relief for Greece.
Recently at their Spring Meetings in Washington, the International Monetary Fund (IMF) further discussed the issue of debt relief, but...
Economy
Moscovici Expresses Hope that Eurogroup Will Signal Swift Conclusion of Greece's 2nd Review
Arriving for a Eurogroup meeting in Brussels on Monday, European Commissioner for Economic and Financial Affairs Pierre Moscovici expressed hope that it would send a signal that Athens and the institutions were moving toward a swift conclusion of the...
Economy
Athens Wants Foreign Lenders to 'Acknowledge Progress' Made During Bailout
As Athens continues to wait for the conclusion of the second bailout review from its lenders, on Tuesday, government spokesman Dimitris Tzanakopoulos said that he wants the foreign finance ministers to “acknowledge progress” Greece has made.
According to Reuters, Tzanakopoulos...
Economy
BoG Chief Stournaras Says 'Progress Recorded in the Greek Economy Should Not Be Intercepted'
On Friday the Bank of Greece's (BoG) governor, Yiannis Stournaras, made an intervention on the government's negotiation with the country's lenders within the context of the second review of the Greek program.
On the occasion of the presentation of BoG's...
Economy
Institutions Leave Athens With Many Critical Issues Unresolved
Today Greek officials reported that talks between foreign envoys representing the institutions of the latest bailout review and Greek government concluded without the parties reaching a concrete agreement regarding the fiscal gap, non-performing loans (NPLS), energy and other fiscal...
Economy
Greek PM to Unveil Strategy for Equitable Growth on Thursday
Prime Minister Alexis Tsipras chaired a government meeting with his close aides to discuss the government's planning for equitable growth in the aftermath of concluding the Greek program review. The new plan will be unveiled at an event at...
Economy
EWG Gives the Green Light for the Disbursement of 7.5 Bln Euros for Greece
The Euro Working Group's meeting in Helsinki, Finland, on Thursday focused on ironing out the details of the program review for Greece. Technocrats of the Euro Working Group came to a positive conclusion, paving the way for the release...