bailout
Economy
Agreement Was a 'Half-Hearted' Compromise, Says Greek Minister
Greek State Minister Nikos Pappas said the government was "half-hearted" when signing some of the bailout required measures and the agreement with creditors was a compromise.
Pappas gave an interview to Deutsche Welle where he admitted that the Greek government...
Economy
German Fin Min: No Need for Greek Debt Haircut
German Finance Minister Wolfgang Schaeuble said that there is no need for a Greek debt haircut at present and expressed optimism that Athens and lenders will come to an agreement over the bailout program review in two weeks.
Schaeuble spoke...
Economy
Gov't Sets to Work on Pending Issues: NPLs, Privatization, Contingency Measures
The government is already drafting the bill to close the remainder of open issues prior to Greece's program review before the next Eurogroup on May 24, said government sources following the cabinet meeting headed by leftist SYRIZA Prime Minister...
Greece
What Greece Gained (and Lost) in Monday's Eurogroup
The celebratory tones with which the Greek government announced the outcome of Monday's Eurogroup are like the celebration after the voting of the new austerity measures in parliament. It is the case of celebrating a failure because a bigger...
Economy
Eurogroup Extraordinary Meeting: Watch Arrivals (video)
The Eurogroup is hosting an extraordinary meeting to discuss the state of play of the macroeconomic adjustment program for Greece following a vote of a new wave of pension and tax reforms voted on by Greek Parliament on Sunday.
Discussions...
Greece
Bloomberg: EC Leaks a New Memorandum for Greece
A draft proposal by the European Commission to break the deadlock on a new debt deal for Greece was leaked on Saturday, ahead of an emergency Eurogroup meeting of Eurozone finance ministers on Monday. The leaked report calls for...
Economy
Telegraph: Greek Debt Crisis Threatens to Flare Up Ahead of Brexit
The Telegraph spotlights Brexit dangers posed by debt talks between Greece and its embattled creditors as they meet to discuss the 86-billion-euro bailout package approved last summer. The British newspaper points to the looming Brexit referendum in the UK,...
Economy
Jean-Claude Juncker: Greece Has Achieved Reform Goals, Time for Debt Relief
European Commission President Jean-Claude Juncker said that Greece has "basically achieved" the objectives of the reforms required by its eurozone partners and international creditors. During an interview published in the German newspaper Funke Mediengruppe on Sunday, he said the...
Economy
Leaked Letter: Greek FinMin Urges Eurogroup to Recall Contingency Measures
Greek Finance Minister Euclid Tsakalotos reportedly sent a letter to his Eurozone counterparts, ahead of a Eurogroup meeting on Monday, warning that it is not possible for contingency measures worth 3.6 billion euros to be imposed.
The letter, exposed by...
Economy
Greek Parliament Discusses More Austerity Amid Strikes
Greece halted to standstill with a snap 48-hour public-sector strike on Friday and Saturday ahead of a vote by the country's left-led SYRIZA government on proposed tax changes late on Sunday. Amid the strike action, a bill discussed in...