bailout
Greece
Greek PM: No Need for New Memorandum, Elections in June 2016
Greek Prime Minister Antonis Samaras appeared optimistic earlier today that the country is not going to need a new memorandum and it will soon be on track of development. During a press conference on the sidelines of the European...
Economy
85% of Economists Say Samaras is Wrong to Demand Early Exit From Memorandum
Antonis Samaras’s plan for Greece to exit its bailout early is crumbling in the face of a vast market unravelling this week. Economists, meanwhile, are in near-unanimous agreement that the Prime Minister's exit strategy is largely to blame.
Eighty-five percent of respondents...
Economy
Greek 10-Year Bond Yields Shoot Up Amid EU Skepticism Over Bailout Exit
Greece’s government bonds declined today, pushing 10-year yields to their highest level since May. The news follows Eurozone finance ministers' purported clash with Greek leaders over their desire to sever a bailout program.
The drop pushed the 10-year yield up...
Economy
IMF Urges Greece to Maintain its Financial Lifeline
According to the head of the IMF’s European Department, Poul Thomsen, the precautionary programs proposed by the IMF for Greece will ensure the country’s smooth return to markets and ease ongoing financial assessments. The program is expected to form...
Economy
Brussels: Too Early to Predict the Future of Greece
A senior Eurozone official from Brussels has stated that it is currently impossible to make any prediction on the future of Greece or the results of the country's bailout program, scheduled to end in December of this year.
The official...
Economy
Greece Passes Reform Bill to Receive Troika Aid Tranche
The Greek Government passed a new bill on Wednesday, August 6, establishing a new series of economic reforms - as requested by the Troika - in order to receive the next bailout installment of 1 billion euros. During the summer...
Economy
Dijsselbloem: More Work Needs to be Done on the Greek Program
Speaking before the Eurogroup meeting in Brussels, German Finance Minister Wolfgang Schaeuble assured that there is no intention of modifying the growth and stability pact.
In his statement, Schaeuble stressed that there was a need for further stimulating growth in...
Europe
Greeks Among the Most Hard-Working People in the EU
A study, that was recently published by Coe-Rexecode in Paris, reveals that Greeks and Romanians are the most hard-working people in Europe.
The study measures the time people spend working in all EU member states capitals. It measures the days employees spend in...
Economy
Greek PM Message for the New Year
The Greek Prime Minister, Antonis Samaras stated during his message for the New Year that, "The difficult part is behind us, 2014 will be the first year of growth. In 2014, Greece will venture out to the markets. In the...
Economy
Dijsselbloem to Greece: "Intensify Your Efforts"
The President of the Eurogroup and head of eurozone finance, Jeroen Dijsselbloem has underlined that Greece must intensify its efforts, as further progress is needed to reach an agreement on how Greece’s financial gap will be closed in the...