creditors

Greece to be Subject to Strict Post-Bailout Surveillance

Greece will be subject to strict surveillance by European institutions after the end of the third bailout program in August. According to a document seen by Greek newspaper Kathimerini, Athens will be obliged to meet fiscal targets and continue implementing...

Greek PM: We Are Not Afraid of Post-Bailout Surveillance

Greek Prime Minister Alexis Tsipras has denied that Greece does not want a precautionary credit line after the bailout program ends because it is afraid of creditors' surveillance. Speaking to Germany's Die Welt Sunday edition, Tsipras spoke about the post-bailout period...

IMF, Eurozone Seek Last-Minute Deal on Greek Debt

Greece's eurozone creditors and the International Monetary Fund are trying to find a last-minute solution to the country's debt mountain so that the IMF contributes financially to the third bailout program. The Greek rescue program ends on Aug. 20 and...

Creditors Fail to Reach Deal on Greek Debt Relief

The Washington Group that convened on Thursday in Brussels failed to reach an agreement on the Greek debt relief issue and will be meeting again during the G7 summit in Canada, in early June. According to a Bloomberg report, the...

Time is Running Out, says IMF about Participation in Greece's Bailout

Time is running out for the financial participation of the Fund in Greece's third bailout program, said International Monetary Fund spokesman Gerry Rice on Thursday in a press briefing. The IMF official said that there are still differences between European...

IMF Presses European Creditors for Greek Debt Relief Plan by Next Week

The International Monetary Fund is pressing Greece's European creditors to agree on a debt relief program as soon as next week to ensure that the fund has enough time to give money to the country. Poul Thomsen, the IMF director...

Greece Needs 'Post-Bailout Arrangement'

Greece will need a new arrangement with creditors after the end of the bailout program in August to make sure that reforms continue to be implemented, European Commissioner Pierre Moscovici has said. “We will need to agree a post-program arrangement that...

ESM Chief: Greece Will be Supervised After Bailout

Greece will be under creditors' supervision after the end of the bailout program, as is the norm, Chairman of the European Stability Mechanism Klaus Regling said on Tuesday. Speaking on SKAI television, the EU official said: "Greece will be under...

Most Greek CEOs Want Creditors to Scrutinize Government

Two out of three top executives of Greek companies believe creditors should continue to supervise Athens’ fiscal policy after the end of the bailout program in August. According to a survey by the Association of Chief Executive Officers (EASE), top...

Greek Governance Criticized by Eurogroup Official

A senior EU official has told a Greek newspaper that the root of the country’s crisis was not fiscal, but administrative. In a wide-ranging interview with Kathimerini’s Sunday edition Thomas Wieser, outgoing president of the Eurogroup Working Group (EWG) also...