debt

Greece is in the danger zone again with reports that eurozone countries will refuse to release additional funds on account of Athens having implemented only two of the 15 reforms that were a pre-requisite of last year's rescue package....

The Greek trade deficit widened sharply by 88.9 percent in July as imports grew 18.2 percent and exports fell by 3.4 percent in the month, according to figures released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The statistics service,...

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis called on Prime Minister Alexis Tsipras to resign if he cannot respond to his responsibilities. Mitsotakis accused Tsipras of mocking the citizens, stressing that once again he does not meet the commitments...

One in four Greek taxpayers were unable to pay the first installment of their income tax, mainly as a result of the dramatic drop in their income as a consequence of over-taxation. Data from the Greek Ministry of Finance...

Non-performing loans are expected to rise further this year, the Bank of Greece said its review of the Greek financial system released on Tuesday. The central bank said that NPLs were expected to increase during 2016 depending on how fast...

There is “no significant delay” so far in the implementation of the prior actions that will unlock the sub-tranche of the 2.8 billion euros for Greece, a senior Eurozone official said on Friday. He added, however, that Greek authorities...

The name of 13,730 big government debtors were published on the internet, however many of the names of companies on the list have either been sold off, closed down or wiped off their debts.The same list had been publicized...

Greek supermarket chain Marinopoulos won temporary protection after applying for bankruptcy. The court decided to protect the privately-owned group from creditor foreclosures until September 21 when its petition for a resolution process is judged. Marinopoulos' management views the decision as...

International Monetary Fund (IMF) representative Delia Velculescu said that Greek debt is not sustainable, during her address at the Economist Conference in Athens. "Greece needs substantial debt relief," she said, adding that the IMF is participating in discussions and...

In a statement to the ANA-MPA on Thursday, European Commissioner for Economic and Financial Affairs Pierre Moscovici said he was confident that the next Eurogroup will decide to disburse the first installment of a loan tranche to Greece, amounting...