bailout

The number of public sector employees has been reduced by 26 percent in the past five years, since the onset of the economic crisis in Greece. Salary reduction, changes in pension laws, employee transfers and voluntary resignations have led to...

Greece will feature heavily on the Eurogroup agenda in the first six months of 2016 as creditors want to supervise closely the progress of the bailout program in order to avoid the costly delays of 2015. The progress of the...

Security fund reforms and farmers taxation will be the stress test for the SYRIZA-ANEL coalition with the coming of the new year. The representatives of Greece's lenders return in the first days of 2016 in order to negotiate the "hot"...

  Forty-one years after the restoration of democracy in Greece, 2015 saw the biggest political change in the history of the Hellenic Republic. It was also the year that Greece came closer than ever to be forced out of the...

Greek Prime Minister Alexis Tsipras says he believes the International Monetary Fund should not participate in Greece's third bailout, while he announced capital controls will be lifted by the end of March 2016. Tsipras spoke to the Financial Times expressing...

The Euro Working Group is to approve on Thursday a 1-billion-euro loan subtranche as Greece has legislated the 13 prior actions required by the bailout program. The tranche is delayed by two months as the prior actions were originally scheduled...

The International Monetary Fund acknowledged that it made mistakes and omissions in the Greek bailout program approved in May 2010, as it did not include debt restructuring. The IMF Board of Directors approved the evaluation report on the programs during...

If one had asked any Greek exactly one year ago, that the full of promises SYRIZA party would come to power to finish off the crisis-stricken Greek economy and drain his personal wealth, with his blessing, he would have called...

Greek Prime Minister Alexis Tsipras admitted that his government could have been braver in deliberations with Greece's international lenders that brought the austere bailout program. Tsipras was interviewed for a documentary series called '#ThisIsACoup.' The documentary is made by Theopi Skarlatos...

The hot issues of 'red' loans management and the privatization of the Independent Power Transmission Operator (ADMIE) will be tabled in Greek Parliament on Monday amid strong reactions from opposition parties. Large business loans and second home mortgages will be...