Greece
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ESM

ESM Chief: No Greek Debt Cut

While Greek Prime Minister Antonis Samaras said Greece's battered economy will begin to recover this year - and with even a possible return to the markets - the government's hope for reducing its debt by not paying back in...

ESM’s Regling Sees Another Greek Bailout

After Greece gets the rest of its second bailout of $173 billion - having spent a first for $152 billion without making a dent in its debt - the government is likely to need a third, if smaller bailout,...

Greece To Get Further Financial Assistance in 2014

Eurogroup President, Jeroen Dijsselbloem, within the framework of an interview to the French newspaper, Le Figaro, said that before the end of the recovery program, the Eurozone considers providing further financial assistance to Greece within the spring of 2014. As...

German Economist Says Greece Must Quit Euro

Greece needs to leave the Eurozone and bring back the drachma if it wants to get back on its feet and return to growth, Manfred Neumann, Professor of Economics at the Institute for Economic Policy at the University of...

Solution Found in the EU summit for Greece and Southern European Countries?

The two-day EU summit concluded after 14 hours of talks to provide short-term relief to Spanish and Italian banks by allowing the EU bailout fund to directly aid euro zone banks. The rules of the European Stability Mechanism (ESM)...