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Greece Exits Final Bailout 'Successfully' (video)

Greece officially concludes its third bailout program with a successful exit, the euro zone’s ESM rescue fund said on Monday. “Today we can safely conclude the ESM programme with no more follow-up rescue programmes as, for the first time since early...

First Half of 2015 Cost Greece €86-200 Bln, says ESM Chief Regling

Greece not only interrupted but also reversed reforms in the first half of 2015, resulting in a cost to the economy between € 86 and 200 billion, head of the European Stability Mechanism Κlaus Regling told Kathimerini newspaper. The EU...

Greece has 'a Long Way to Go' after Bailout, Bank of Greece Chief says

Greece still has "a long way to go," said Bank of Greece Governor Yiannis Stournaras in light of Monday's official end of the country's third bailout program. In an interview with Kathimerini newspaper Sunday edition said that there are still...

'Greece has Returned to Growth' Says EU's Moscovici

Europe has come out of the Greek experience collectively stronger, said EU Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici ahead of Greece's exit from the bailout on Monday. In comments to the press, Moscovici said that...

FT: Greece's Brain Drain Hampering Recovery from Economic Crisis

The brain drain in Greece would make it very difficult for the country to recover from the economic crisis and return to normalcy, a Financial Times report has claimed. Greece may be ready to exit the third bailout program on...

Special Rules for Greek ECB Borrowing to End After Bailout Exit

Greece will be unable to access cut-rate European Central Bank funding from Aug. 21 -- a day after the expected 'official' exit from the country's economic bailout program. The ECB on Friday released a statement which indicated that the end...

Greek Bond Yields Rise Amid International Tensions

International market strife over U.S. sanctions on Russia and Turkey has had a knock-on effect with Greek bond yields breaking the four-percent mark on Thursday. The bad news comes as Greece prepares to officially exit from its bailout program on...

ESM Releases Last Bailout Tranche to Greece Worth €15B

Greece on Monday received a fifth and final multi-billion-euro payment ahead of the country's exit from its economic bailout scheduled for Aug. 20. The European Stability Mechanism (ESM) said it had disbursed €15 billion ($17 billion) to Greece which would cover spending...

Bank of Greece Governor: Country Must Continue with Reforms

"The markets are waiting to see whether Greece will honor its commitments regarding the implementation of additional measures after the (bailout) program ends on August 20," said Bank of Greece Governor Yiannis Stournaras. Stournaras spoke to the Financial Times saying...

Merkel: Greece Will Still Feel Bailout Effects After August Exit

Greece will not see the end of the effects of the bailout on the day it formally comes to a close, German leader Angela Merkel said on Friday. In comments reported by Reuters, Merkel said although the day in August...