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EU: Greece has Not Implemented 16 Bailout Program Prerequisites

File photo: Greece's Ministry of Finance The European Commission is urging Greece to proceed with 16 prerequisites that have to be completed by the end of the year, as agreed with creditors. The first report after the end of the bailout...

Greek PM Tsipras: 'We have Succeeded and have been Justified for our Choices'

Greek Prime Minister Alexis Tsipras praised his achievements and those of his administration during the years he has been in power in a speech to Germany's Social Democratic Party (SPD) in Berlin on Saturday. "When I faced the biggest dilemma that...

German Press: Greece Will Likely Need Another 'Bailout' Due to High Debt

Due to its high public debt, it is doubtful whether Greece will make it on its own in the long run without new financial support, a report by Frankfurter Allgemeine Zeitung says. This report comes after a comment made by...

ESM Chief: Greece Must Consult with Creditors First Before Changes in Policy

"If Greece changes its policy, it must first discuss it with the European institutions. They have not yet relaxed 100 percent," European Stability Mechanism Managing Director Klaus Regling said. The EU official spoke to Dutch newspaper De Telegraaf and was...

Greece's Credit Rating Remains Positive, Reform Agenda Must be Followed, Moody's says

Greece's credit rating remains stable at B3, but the reform agenda must be followed, the new Moody's analysis says. The international rating agency pointed out that Greece's prospects will remain positive as long as the government is committed to the...

Greek PM Tsipras Promises Tax Cuts, Dividends and Growth in Post-Bailout Greece

Prime Minister Alexis Tsipras on Saturday announced that his administration is planning to stop tax cuts, offer more social dividends and raise the minimum wage in post-bailout Greece. The Greek prime minister spoke during the opening of the annual Thessaloniki...

Greece's Tsipras Hails End of Bailout Era from Ithaca (video)

Prime Minister Alexis Tsipras hailed Greece's exit from its bailout program on Tuesday in a televised address from the island of Ithaca. "Today a new day is dawning in our country, a historic day. The bailouts of recession, austerity, recession...

8 Years of Bailouts: A Timeline of the Greek Crisis

Greece turned a page on eight years of spending cuts and three straight international bailouts on Monday as experts warned that the country's economic challenges are far from over. The European Union, the European Central Bank and the International Monetary...

Varoufakis: Greek Banks and State Should Not Have Been Saved

The bailout plan that saved the banks and Greek state, has allowed  the country to remain in “same black hole” from over a decade ago, according to Greece's former finance minister Yanis Varoufakis. Even as the bailout program comes to its conclusion, during an...

Despite Government Celebrations, the Greek Crisis is Far from Over

It is official: Greece is exiting the third bailout program and Prime Minister Alexis Tsipras is calling on all citizens to celebrate the end of borrowing and applaud the country's ability to stand on its own feet after eight...