bailout
Economy
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...
Greece
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...