Greece
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debt relief

EU: Greece Needs to Close Pending Prerequisites before Disbursement of Loan Tranche

Greece needs to complete three important prerequisites before the EU disburses the next loan tranche of €5.7 billion euros, a European official said, according a Kathimerini report. The loan tranche will be disbursed upon the condition that all requirements of...

SPD’s Scholz Bags German Finance Post, Raising Greek Hopes of Debt Relief

Greek hopes of debt relief were strengthened on Wednesday with the likely appointment of a center-left finance minister in Berlin, as German politicians finally agreed on a new grand-coalition government. After more than four months of deadlock, Chancellor Angela Merkel will remain...

Tsipras 'Hoping German Coalition Will Agree Debt Relief'

Greek Prime Minister Alexis Tsipras wants to see a grand coalition between Germany's center-left and center-right parties which would support debt relief for Athens. Germany's parties have been locked in talks since an inconclusive federal election in September. "Tsipras wants a...

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...

EU Official: Greece Needs New Agreement with Creditors on Debt Relief

A senior EU official has warned that additional debt relief for Greece will require a new agreement with the creditors. In an interview published by Kathimerini on Sunday, Thomas Wieser , outgoing president of the Eurogroup Working Group (EWG) said...

New Eurogroup Chief: Debt Relief for Greece Only After Completion of Program

Greece needs to fully complete its current bailout program before the country receives any relief on its huge debt pile, the new Eurogroup president told CNBC. Speaking to CNBC in an exclusive interview, Mario Centeno, the incoming chief of the...

Greek Parliamentary State Budget Office Warns of Bankruptcy Risk if Debt not Eased

Greece is at risk of bankruptcy unless there is substantial debt relief, warns the Parliamentary State Budget Office, while calling for the need of tax policy change. In its quarterly report (July-September 2017), the House office claims that debt relief...

German FinMin: Greek Debt Relief Not on the Agenda for Now

Greek debt relief is not on the agenda for now, and Greece must press ahead with implementing reforms in order to become more competitive, German Finance Minister Wolfgang Schaeuble said. Schaeuble spoke to German newspaper Mannheimer Morgen. When asked if...

ECB Still Concerned Over Sustainability of Greek Debt

ECB board member Benoit Coeure fired a warning shot over the prospects of Greece joining the quantitative easing programme (QE), by saying that the ambiguity over debt relief still exists. Speaking on Wednesday, Coeure said that Euro zone governments have...

ESM Chief: Greece Lost €100Bln in 2015 Negotiation Failure

The failed negotiations and mishandlings on the part of the Greek government in the first six months of 2015 cost the economy 100 billion euros, European Stability Mechanism Klaus Regling said. In an interview with Skai television on Thursday, the...