Greece
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Greece Has Not Asked For Russian Aid, Official Says

An unnamed Greek government official has ruled out scenarios that Greece have asked Russia for financial support in order to cope with both its internal and external commitments. "We have not asked for financial aid. We want to solve our...

Euro Working Group Teleconference on Greece Produces No Decisions

With no significant decisions, as expected, concluded the Euro Working Group (EWG) teleconference about Greece. According to a Eurozone source the discussion between the single currency's Deputy Finance Ministers lasted less than two hours and the member states' representatives...

Greek Government to Examine Memoranda Period; Austerity Measures

The newly elected leftist-led Greek government coalition is expected to submit a proposal for the creation of a committee to examine the previous governments' handling of the country's debt crisis. Specifically, according to government sources, the so called «memorandum examination...

Greek Govt to Creditors: We Won't Pay if the Delayed Installments Aren't Disbursed

With a lengthy 11-point non paper the newly elected Greek government is attempting to review its first two months in power, while announcing that the so-called Brussels Group, discussing the Greek reforms list, is meeting tonight. As explained, during these...

Greek Finance Ministry: We'll Provide Technical Levels With the Requested Data

In what can only be described as a "u turn" in its stance, the Greek Finance Ministry released a statement earlier today welcoming cooperation with the technical levels representing the country's international creditors; the European Commission (EC), the European...

German FinMin: Accusations Over Derogatory Statements for Greek Counterpart Are 'Nonsense'

At a time when the relations between Athens and Berlin seem to reach bottom, German Finance Minister Wolfgang Schaeuble characterized the accusations that he described his Greek counterpart Yanis Varoufakis as "foolishly naive," after a Brussels Eurogroup meeting on Monday...

German FinMin Insists on 'Troika's' Role Ahead of Talks Between Greek Govt and Institutions

German Finance Minister Wolfgang Schaeuble has once again sparked displeasure in Athens, insisting that the unpopular "Troika" of creditors will be negotiating with the Greek government over the country's bailout package extension, despite the latter's objection on the matter. Eurozone's...

ECB President Draghi Urges Greece to Allow Troika Back Before It's Too Late

European Central Bank (ECB) President Mario Draghi urged the Greek government to allow the institution representatives, formerly known as the "troika" to return to Athens in order to disclose its cash position before it is too late. Mr. Draghi...

Greek Gov't List of Reforms Namely Structural

The Greek government's list of recommended reforms will finally be submitted to the international institutions on Tuesday morning. According to latest information emerging from the Greek government's headquarters, the climate among the cabinet members is positive as the reforms...

Greek FinMin Varoufakis Certain Reforms List Will Be Approved

Greek Finance Minister Yanis Varoufakis appears certain that the list of reforms the Greek government discussed yesterday in a meeting under Prime Minister Alexis Tsipras will be approved by the country’s European partners. “The list will be submitted and...