Greece
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Christine Lagarde

Jean-Claude Juncker: Eurozone Not Ready to Unlock Greek Bailout

Eurozone finance ministers warned Greece on Thursday that they are not yet ready to unlock a new debt bailout despite an agreement between Greek political leaders on new austerity cuts. Luxembourg prime minister, Jean-Claude Juncker, arriving to chair Brussels talks...

Christine Lagarde: Not Satisfied With Greek Reforms

Christine Lagarde, head of the International Monetary Fund (IMF), has reiterated her commitment to reducing Greece’s debt to GDP ratio to 120% by 2020. However, in an interview with Bloomberg TV, the IMF chief said she was not “terribly optimistic...

Bloomberg: ECB Says "No" to Haircut on its Own Greek Debt

The European Central Bank remains firmly opposed to any restructuring of its Greek bond holdings, as the debt was acquired for monetary policy purposes, according to Bloomberg, citing two people familiar with the Governing Council’s stance. While the ECB faces...

IMF Approves EUR 2.2 Bln Loan Tranche For Greece

The International Monetary Fund Monday approved a EUR2.2 billion tranche of its emergency loan program for Greece, paving the way for the debt-ridden country to avoid default. The IMF board approval of the program allows the fund to immediately disburse...

Elections Likely to Be Postponed

One of the three "inalienable" conditions imposed by the New Democracy leader, Antonis Samaras, to support a national salvation government in Greece, was the date of early elections, which he had helped to ensure would be scheduled for February...

Papademos Confident after Samaras Letter

The Greek Prime Minister, Lucas Papademos, has today praised the letter sent by the New Democracy leader, Antonis Samaras, to the President of the European Commission, José Barroso, the Eurogroup President, Jean-Claude Juncker, and the director general of the...