bailout

While the Greek government is optimistic that creditors will release part of the tranche of financial aid before the Greek Orthodox Easter (April 12), Euro Working Group sources in Brussels say that this is impossible. Athens expects that the two...

German television show "Die Anstalt" aired an excellent 15-minute sketch on the Greek debt and the creditors' demands, concluding with Greece's rightful claims for war reparations from Germany. The show aired on German public broadcaster ZDF and started with three...

European Parliament President Martin Schulz said on Tuesday that he expects Greece to reach a new financing agreement with its creditors within a week. Greece is in urgent need for cash as state coffers are emptying fast and there is...

Greek Prime Minister Alexis Tsipras and teams of relevant ministries are in a series of meetings in order to compile the list of reforms required after the meeting in Brussels. Greece's European partners have asked Tsipras to expedite procedures as...

On February 20, Greece and its European partners decided to move forward by agreeing that the new government will implement much-needed reforms in exchange of the continuation of financial aid. On March 20, Greece and its European partners decided to...

German Chancellor Angela Merkel said Greece must rebuild the trust of its euro zone partners and step up reform efforts in order to get further financial aid. The four-hour meeting between Greek Prime Minister Alexis Tsipras, the leaders of France...

Greek banks saw 300 million euros withdrawn on Wednesday, the highest outflow in a single day since February 20 when the four-month bailout extension deal was signed, two Greek bankers told Reuters. The continuing tension between Athens and international lenders...

Greece has a long path to tread, because there is no quick solution to the debt problem, but everything can be achieved if there is unity in Europe, German Chancellor Angela Merkel said. Speaking to the German Parliament ahead of...

Greek Prime Minister Alexis Tsipras will have a sidelines meeting with the leaders of Germany and France and top European Union officials today at the EU summit. Tsipras will ask for liquidity and clarification of the February 20th agreement. The...

International Monetary Fund representatives who work on the Greek bailout told their euro zone colleagues that Greece is the most unhelpful country in the 70-year history of the organization, according to a Bloomberg report. Officials from the IMF, the European...