Greece
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debt relief

Billion-Euro Debt Relief Measures Approved for Greece

The Board of Directors of the European Financial Stability Facility (EFSF) approved on Thursday debt relief measures for Greece totaling almost one billion euros, the European Stability Mechanism said in a press release. The EFSF will reimburse the 103-million-euro step-up...

European Commission Approves Greece's 2019 Budget

The European Commission on Wednesday approved Greece's budget for 2019, the first budget drawn up after the bailout of 2015, while urging the country to speed up reforms to qualify for the application of debt relief measures. The debt relief plan,...

Debt Package is 'Credit Positive' for Greece, Says Moody's

A debt relief package offered to Greece by its creditors last week is a significant benchmark in Greece’s ongoing recovery from its deep government debt, economic and banking crisis, Moody's said on Monday. In a report, the credit rating agency...

Varoufakis Says Debt Deal 'Extends Greek Bankruptcy into 2060'

Former Greek finance minister and one-time ally of Prime Minister Alexis Tsipras, Yanis Varoufakis, has claimed Greece's "bankruptcy" has been extended by five more decades. Varoufakis, now a founder of the DiEM25 movement, tweeted in aftermath of the Greek debt-relief...

Critics Pour Cold Water on Greek Debt Deal

Amid the hype over Greece's debt-relief deal struck with the Eurogroup on Thursday, dissenting voices have emerged, critical of the agreement which is said to chart Greece's exit from its international bailout. At home, Greece's main opposition party, New Democracy,...

Greece Gets Debt Relief and Cash Payout as Bailout Saga Ends

Eurozone ministers agreed debt relief and a big cash payout for Greece in the early hours of Friday paving the way for its program exit in two months’ time. “After eight long years Greece will finally be graduating from its...

All Eyes on Eurogroup for Greek Debt Relief, Post-Bailout Scrutiny

Athens has its eyes on Luxembourg this Thursday as a crucial meeting of eurozone finance ministers is expected to decide on Greek debt relief and what will happen the day after the bailout ends in August. Greece has ratified the prerequisites...

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...

Eurozone Eyeing 'Credible' Greece Debt Relief, Says Centeno

Eurozone lenders will put together a debt-relief deal for Greece that will be credible to markets and involve a rescheduling of loans from the second Greek bailout, said Mario Centeno, chairman of the eurozone finance ministers' group, according to...

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...