bailout

Labor Minister Giorgos Katrougalos admitted on Thursday that there will be cuts on supplementary and high pensions. Katrougalos spoke to realfm radio and stated that it is impossible not to have any pension cuts because the bailout agreement requires a...

Greece's former finance minister Yanis Varoufakis replied to criticism he received from Italy's Prime Minister Matteo Renzi, claiming Europe's leaders 'bullied' Alexis Tsipras into agreeing to the final terms of the bailout. Varoufakis wrote an open letter on his blog...

Greeks are bracing to face a series of austerity measures and harsh reforms in the aftermath of the election that brought to power the previous coalition of SYRIZA and ANEL. About fifty measures and reforms have to be implemented by...

Farmers from northern Greece will be position themselves at polling stations to protest on election day, Sunday September 20, announced the head of the nationwide coordinating committee of farmers and stockbreeders Christos Gondias. Gondias spoke to the Athens-Macedonia News Agency,...

European Commission President Jean-Claude Juncker warned that the new Greek government that will emerge from the September 20 elections must respect the bailout agreement. Juncker told the European Parliament on Wednesday that Greece's place in the Eurozone will not be...

The Greek government that will come out of the September 20th elections will have to present the new state budget tabled at the Greek Parliament at the October 5th Eurogroup. The new Greek finance minister will have to present the...

In Greek politics, a statement that is repeated very often usually has the opposite meaning of what the politician says. For example, when a politician says "no new taxes," rest assured that you will be bombarded with taxes when...

"Bad loans haunt Greek Banks Seeking New Start" is the title of a Reuters report regarding the plight of the banking sector in Greece's economic crisis. After 40 billion euros of deposit outflows and three weeks of closed doors and...

European Union officials in Brussels are irritated by the inconsistency between what Greek politicians have agreed on regarding the reforms and measures required for the bailout program and the campaign rhetoric they use. According to a real.gr report from Brussels,...

International Monetary Fund official Poul Thomsen said that elections will cost Greece the delay of the next bailout tranche disbursement and deprive the market of 800 million euros in liquidity. Thomsen briefed the IMF board of directors on the Greek...