Greece
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Eurozone

Former PM Pikrammenos Asked Obama to Mediate Between Greece and Creditors During Crisis

The former caretaker Prime Minister of Greece, Panagiotis Pikrammenos, admitted that he sent a letter to Barack Obama in 2012, asking him to intervene in order to prevent the imposition of capital controls in Greece. The startling admission came...

Despite Financial Crisis, Greece Still Better Off In the Eurozone

The Center for European Policy (CEP) published a study on Monday which states that Greece added €2 billion to its economy in the sixteen years between 2001 and 2017. This figure is of course quite low compared to other Eurozone...

Officials Warn Greece Might Not Get EU Cash After Reform Delay

Eurozone officials warned on Monday that Greece is on the brink of missing out on the first installment of approximately €750 million from the debt-relief scheme that was agreed on a few years ago. The Greek government has significantly delayed the implementation...

Why These Greek Euro Coins Could Be Worth Thousands

Two Germans are raising eyebrows in the world of numismatics after listing two 2-euro coins on eBay with an asking price of several thousand euros. The sellers claim that their coins, which were among the first to be issued in 2002,...

EuroWorking Group Suggests Greece Can Meet Targets Without Pension Cuts

The "EuroWorking" group, an advisory body to the Eurogroup of the European Union, was ''broadly positive" on Thursday regarding the Greek state budget and the European Commission's suggestion that Greece can meet the 3.5 per cent primary surplus target...

Greece and European Commission Close To Agreement on Pension Cuts

The European Commission is nearing an agreement with the Greek government to approve Greece's draft budget for 2019, European sources said on state-run A.M.N.A. on Monday. The draft budget review is a process to which all Euro-zone countries must submit. In...

EU Commission's Autumn Forecast: Greek Economy To Grow By 2 % in 2019

The Greek economy is expected to grow by 2 per cent in the next three years, the European Commission said in its autumn forecast report released on Thursday. The Commission report noted that Greece exited the adjustment program with...

Bank of Greece: Interest Rates to Remain Low

Interest rates will remain at low levels for the forseeable future and European central banks could continue using quantitative easing (QE) tools, according to a report by the Bank of Greece said on Thursday. The report was presented by Dimitris...

Schaeuble: I was Accused of Being Very Generous with Greece (video)

"I have been accused of being very generous with Greece." These were the remarks of former German finance minister Wolfgang Schaeuble in an interview with Deutsche Welle. Schaeuble had been the finance minister of Germany—Greece's biggest lender—during the crucial years...

EU: Decision on Greek Pensions Expected in Mid-November

The decision on whether Greece will have to implement previously agreed-upon pension cuts will likely be made in mid-November, according to a report on Friday by Greek daily Kathimerini, quoting a senior EU official. The official said an additional Eurogroup...