ECB
Economy
Samaras in Brussels, Merkel Says Loan Coming
Greek Prime Minister Antonis Samaras was in Brussels on Nov. 22 for the start of a two-day meeting of European Union leaders on the region's budget where he was expected to meet Eurozone chief Jean-Claude Juncker and push for...
Economy
Samaras Plans Post-Loan Cabinet Shakeup
Once Greece gets a long-delayed $38.8 billion installment from international lenders – now expected to be Dec. 5 - Greek Prime Minister Antonis Samaras reportedly will reshuffle his Cabinet and reward his coalition partners, PASOK Socialist leader Evangelos Venizelos...
Economy
Greece's Big Week: EU Showdowns
Having secured reluctant Parliamentary approval of a $17.45 billion spending cut and tax hike plan demanded by international lenders, Greek Prime Minister Antonis Samaras is preparing for a week of meeting European Union leaders in the hopes they will...
Economy
ECB's Asmussen: Greece to Need Aid Beyond 2014
Greece will need yet more international financial assistance beyond the agreed bailout programs through 2014, a European Central Bank board member said Sunday.
The government in Athens probably won't be able to return to finance its debt on financial markets...
Economy
Lagarde Says Greece Needs Solution
As Greece waits fretfully for whether Eurozone leaders this week will release a delayed $38.8 billion installment needed to keep the country’s economy afloat, International Monetary Fund (IMF) chief Christine Lagarde said a permanent answer must be found to...
Economy
Greek Coalition Reels, Awaits EU on Loan
Prime Minister Antonis Samaras is struggling to keep his uneasy coalition together in an attempt to present a united front before Eurozone finance ministers meet on Nov. 20 to consider approving a long-delayed $38.8 billion loan installment, and as...
Economy
Thessaloniki Mayor Refuses Layoff Order
Thessaloniki’s Leftist Mayor Yiannis Boutaris, who earlier said he could operate the city with half its staff, now has refused government orders to lay off workers as demanded by international lenders, a stance that has other mayors across Greece...
Economy
Greece Raises $5.15 Billion to Cover Loan
Waiting on a desperately-needed $38.8 billion installment from international lenders as the country is running out of cash, Greece raised 4.06 billion euros ($5.15 billion) on Nov. 13 from the sale of short-term treasury bills – money it will...
Economy
Commerzbank Says Greece Can't Sell Write-Down
While debt sustainability is precondition for aid payments, IMF chief Christine Lagarde is demanding that the European Union and European Central Bank - its partners in $325 billion in two bailouts for Greece - write off much the country's...
Economy
Austerity Budget Done, Greece Waits on EU
Having done its job – approving a $17.45 billion spending cut and tax hike plan and an austerity budget, Greece is now waiting for its international lenders to hand over a long-delayed $38.8 billion installment in return as promised....