Greece
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EC

Greek PM Tsipras: We Won a Battle, Not the War

In his address to the Greek people, Prime Minister Alexis Tsipras stressed that yesterday’s Eurogroup agreement with the country’s European loan partners was an “important success,” signaling the end of austerity and the bailout program. Although, as he underlined, the difficult part...

Greek and Eurozone Officials Leak that Eurogroup Reaches an Agreement

The nineteen Eurozone Finance Ministers appear to have reached an agreement at the Eurogroup meeting being held now in Brussels. The agreed drafted outline will form the basis for keeping liquidity flowing to Greece, while extending the country’s bailout...

Germany Rejects Greek Loan Agreement Extension Request

The German government has rejected the Greek loan agreement extension request, submitted earlier today. According to the German reasoning, Greece's proposal does not meet the Eurozone's conditions for continuing the aid program. Greece's request to the Eurozone aims at a...

EC Report: Greek Economy to Grow 0.9% in 2014, 2.9% in 2015

The Greek economy is expected to grow by 0.9% this year and by 2.9% in 2015, the European Commission said on Monday. In its spring estimates for the country's economic outlook, the Commission reiterated its estimates released February 25, which expected...

Barroso: Pardoning of Greek Debt Won't Be Repeated!

This week's Eurozone agreement to remit 50% of the massive Greek state debt is "an absolutely unique and exceptional measure," stated EC President Jose Manuel Barroso. In an interview for Portugese paper Expresso, the European Commission chief said that this...