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European Commission

OECD to Assist Greek Govt with New Reforms Package

Greek Prime Minister Alexis Tsipras traveled to Paris today, where he met with OECD (Organization for Economic Co-operation and Development) Secretary General Angel Gurria in order to discuss a possible Organization event taking place in Greece and focusing on...

Former Italian PM Monti: Greek Govt's Time to Play Games is Running Out

Italian economist Mario Monti, who served as the country's Prime Minister between 2011 and 2013, leading a government of technocrats during the Italian debt crisis peak, highlighted that Greece's time to "play games" is running out. As he said in...

Greek Gov't Spokesman Pappas Replies to Schaeuble's Provocative Statements

German Finance Minister Wolfgang Schaeuble's latest provocative statements on Greece and the ongoing negotiations with the country's international partners as well as on his Greek counterpart Yanis Varoufakis, has caused a strong reaction in Athens. In what is seen...

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...

Eurogroup President: No Talk About Early Disbursement for Greece if There is No Agreement

Representatives of the “institutions” — the way the new Greek leftist government wants to refer to European Commission, European Central Bank and International Monetary Fund officials — will carry out inspections in Athens as well, Eurogroup President Jeroen Dijsselbloem emphasized...

The Greek Govt's Three New Measures to be Added to the Reforms List

Athens is ready to submit three more reform proposals for technical discussion, an unnamed Greek government official has said, while reports indicate that the new measures are ready and aim to improve tax collection and fight evasion. According to the Guardian,...

German Chancellor Will Not Rule Out Grexit Scenario

Keeping Greece in the Eurozone is the European leaders’ political objective at the moment, stated German chancellor, Angela Merkel during an interview in Japan on Monday. A few hours before the Eurogroup meeting about Greece in Brussels Angela Merkel said...

Aging Population in Greece Raises Retirement Age to 70

As Greece is aging demographically, the retirement age will rise in the not so distant future, according to a recent study by the National Actuarial Authority. The study, that was submitted to the European Commission, also shows that the Greek...

Tsipras Launches Series of Meetings With Top European Officials Over Debt

Greek Prime Minister Alexis Tsipras launches a series of meetings this week with top European officials in light of the crucial negotiations over Greece's bailout. After the devaluation of Greek Finance Minister Yanis Varoufakis by his European counterparts ahead of Monday's Eurogroup,...