Greece
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European Commission

Sweden's Finance Minister Advises Greece to Quit Euro

Sweden's finance minister Anders Borg on Friday advised Greece that it would be better if they pulled out of the euro. "If it had to leave the eurozone, it would probably find its competitiveness once again, and then Greece could...

Vassiliou Will Open European Heritage Days Forum

Cypriot Androulla Vassiliou, the European Commissioner for Education, Culture, Multilingualism and Youth, will address the 5th European Heritage Days Forum Oct. 15-16 in Nicosia. Launched in 1985,it has been organized annually every year since 1999 as a joint initiative between...

Ikonomou Speaks at Cyprus Multi-Lingualism Conference

Ioannis Ikonomou, a translator for the European Commission and the most multi-lingual person in the European Union, was one of the speakers at the Multi-lingualism in Europe held from Sept. 27-28 in Cyprus, where it was urged that people...

EU Ok’s Recapitalization of Cyprus Popular Bank

The European Commission has temporarily approved a 1.8 billion euros ($2.33 billion) recapitalization of the troubled Cyprus Popular Bank and has given Cyprus six months to present a plan of reconstructing the institution before the EU decides on whether...

EU Says It’s Greece Keeping Privatization Values Secret

European Commissioner for Economic and Monetary Affairs, Olli Rehn, said that the estimated value of state-owned properties and entities in Greece that are going to be put up for sale or lease as part of a massive privatization plan...

Troika Finds Cyprus 'In Worse State than Expected'

International lenders assessing Cyprus's bailout needs found the economy in a "worse state than expected" and in need of painful adjustment in coming months, according to reports. Officials from the International Monetary Fund, the European Commission and the European Central...

Troika Likely to Seek Cyprus Cut in State Payroll

International lenders negotiating a bailout for cash-strapped Cyprus are likely to seek cutbacks in its public payroll and some increases in taxation, the Cypriot finance minister said on Tuesday. Officials from the International Monetary Fund, European Commission and European Central...

Auditors to Stay in Greece Until New Reforms are Ready‎

Representatives of the European Commission, the ECB and the IMF, the so-called troika, will remain in Greece for as long as needed in order to determine the 11.6 billion euro worth of consolidation measures needed over the next three...

European Commission Approves State Aid for Nea Proton Bank

The European Commission approved state aid for Nea Proton Bank of 1,7 billion Euros in the context of the Nea Proton Bank resolution. The EC temporarily approved the aid until the investigation it has committed it has started ends...

Troika Return to Athens to Assess Progress

The troika returns to Athens today to begin an assessment of the second multi-billion euro bailout for Greece. It is widely expected that officials from the European Commission, European Central Bank and the International Monetary Fund will find that Greece...