creditors

Bloomberg: 10 Steps Road Map for Greece to Exit Bailout Program in August

Greek Prime Minister Alexis Tsipras and his MPs keep repeating that the completion of the bailout program in August will mark the end of the memoranda that caused so much suffering to the Greek people. However, there are those who...

Why Greece's First Lady Cries Every 5th of July

"Personally speaking, in the last three years, every 5th of July I cry with anger, with rage,  yes, literally," said the partner of Greek Prime Minister Alexis Tsipras, Betty Baziana. Greece's first lady gave her first ever interview to "Efimerida...

Greek Gov't to Legislate all Bailout Program Prerequisites by Jan. 15

The Greek government is to legislate all remaining prerequisites of the bailout program so that the third evaluation can be completed, Prime Minister Alexis Tsipras said. According to Maximos Mansion sources, the prime minister upon his return from Serbia -...

Greece has to Implement 82 Prerequisites for Successful Bailout Review

Greece has to implement 82 "difficult" prerequisites in order to successfully complete the third and fourth review of the bailout program, a Kathimerini newspaper report says. The Supplemental Memorandum of Understanding, and the technical memorandum accompanying it, has specified in...

Greece's Creditors Push for Foreclosure Auctions

Greece's creditors are pushing the Greek government to solve the issue of foreclosure auctions, in order to restore stability in the banking system and boost economy. However; in a blow to the Greek government, notaries decided to abstain from their...

Greek FinMin: €1.1 Bln Revenue Surplus to be Distributed as Social Dividends

At least 1.1 billion euros of revenue surplus will be distributed in the form of social dividends by the end of the year, Greece's Finance Minister Euclid Tsakalotos said on Tuesday. The Greek minister spoke to national broadcaster ERT saying...

Mixed Results After First Round of Bailout Review Talks with Creditors

The first round of talks between Greece and creditors on the third evaluation of the bailout program will be completed today (Friday) with some issues resolved, and more difficult ones to remain pending. Characteristically, the issues of out of court...

Public Sector Employees to Demonstrate Against Work Evaluation on Monday

The public sector employees' union ADEDY will be staging a rally in central Athens on Monday to protest against the evaluation scheme proposed by the Ministry of Administrative Reform. The civil servants will gather outside the ministry building on Vassilissis...

Creditors React to Greek Gov't Promise to Give €1,000 Christmas Bonus to One Million Citizens

The Greek government's intention to give 1,000 euros each to one million citizens as a Christmas bonus, made creditors react and ask for explanations from Athens. Earlier in the month, State Minister Christophoros Vernadakis announced that 1 billion euros will...

EU Reacts to Greek Gov't Plan for Social Christmas Dividend

Brussels opposes a Greek government plan to give needy citizens a social dividend from the 2017 primary surplus, and suggests priority to be given to repayment of State debts to the private sector. According to an Athens Macedonia News Agency...