Greece
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bailout

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...

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...

IMF Releases 84.7m Euros in Bailout Funds to Cyprus

The International Monetary Fund approved Monday the release of 84.7 million euros ($113.1 million) in bailout funds to Cyprus. The IMF executive board approved the funds after completing the first review of Cyprus's performance under a three-year, billion-euro loan program...

Christofias Blames Banks for Bailout

President Demetris Christofias on Tuesday blamed "criminal" action by Greek-exposed banks for Cyprus having to accept painful bailout terms for EU aid. In a move to calm growing unrest over job losses and pay cuts, Christofias addressed the nation on...

The Economist: The Troika is Coming and Asking for Further Spending Cuts

The Economist magazine reported on troika's upcoming return to Greece. Entitled 'The Troika is Coming: Greece's new government is scrambling to find more spending cuts," the editor comments that "Greece tried but failed to find €11.5 billion of spending cuts demanded...

Greece Breached Bailout Rules With Staff Hirings: Report

Greece breached the rules of its EU-IMF loan agreement by taking on some 70,000 public sector staff in two years, undermining efforts to reduce the state payroll, a report said on Sunday. To Vima weekly said the hirings in 2010...

Greek Leftist Leader: "The First Act of My Government Will Be The Cancellation of the Bailout”

It seems that Mr. Tsipras will continue having much of Europe on the run while he hardly seems to be breaking a sweat. Presenting his party's economic program on Friday, Alexis Tsipras head of Greece's Radical Left Coalition, said he...