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bailout

IMF Warns of Greek Debt Restructuring Consequences

Christine Lagarde, head of the International Monetary Fund (IMF) warned Greece about the consequences of a Greek debt restructuring after the January 25 elections where anti-memorandum SYRIZA is in the lead. The leftist political party, SYRIZA, claims that if elected...

Troika Blocks Talks After 4-Hour Teleconference

The four-hour teleconference between the troika of international creditors and the Greek government concluded at 3 a.m. with no results to show. No date was set for the final review either as the three representatives refuse to come to...

Bloomberg: Troika Stalls Greek Bailout Review, Risk to Lose Financial Backup

The Greek government and the troika of international lenders are deadlocked over a final round of measures required for the last bailout tranche, according to a Bloomberg report. Athens is resisting pressure from creditors for additional budget savings of 2.5...

Troika Delay Evaluation Date

The troika of international lenders have not yet set the date for when they will visit Athens to complete the evaluation of Greece's bailout program. William Murray, deputy spokesman of the International Money Fund said, "I do not have a date...

Former BoG President: Greece Never Had a Bailout Plan

Former Bank of Greece president Giorgos Provopoulos said in a television interview that Greece had no clear bailout plan from the beginning and that in 2012 there was a "plan B in case of a bank panic." Provopoulos said that...

FinMin Hardouvelis: Greece Might Need a Year of Limited EU/IMF Supervision

At a time when most cabinet members speak about the long-awaited exit from the bailout program, Greek Finance Minister Gikas Hardouvelis spread discomfiture to the government with his statements in Reuters on Wednesday, proving the lack of communication between...

Greece to Send New Reform Proposals to Troika

Greece is set to send by Saturday, new proposals on several key issues that remain unresolved in its negotiations with the troika of international lenders. The coalition government hopes that the review will be concluded by the Eurogroup on...

Parliamentary Budget Office Says 'No Growth Plan After Bailout'

The Parliamentary Budget Office issued a warning on Wednesday evening that there is no growth plan for the period after the bailout program ends, according to Kathimerini daily. “The possibility of national elections on the pretext of the presidential election...

Economist: Greece's Plans for Early Bailout Exit Not Feasible

"Greece's plans for a clean exit from its international bail-out are in disarray. A sharp rise in bond yields has stymied the government’s plan to borrow about €9 billion abroad in 2015 to meet debt repayments and ease the...

American Financial Analysts Foresee Snap Elections

American financial analysts Darren Williams and Dennis Shen of AllianceBernstein say that markets are reacting poorly to Greece's plan for an early exit from its bailout program. They foresee snap elections, arguing that an early exit poses a threat...