Eurozone

The use of plastic money has very favorable growth prospects in Greece, while helping in the battle against tax evasion, as the use of credit/debit cards significantly lags behind the Eurozone and EU average rates. An Athens-Macedonian News Agency report, based...

Greek Prime Minister Alexis Tsipras is traveling to Riga today (Thursday) to meet with German Chancellor Angela Merkel and French President Fransois Hollande hoping that they will offer political aid in unlocking negotiations and coming to a deal on the Greek debt. Tsipras will...

By Johnna Montgomerie*, Goldsmiths, University of London Greece is back in the news (has it ever left?) with a new debt payment looming and the ruling Syriza Party increasingly marked by internal tensions. The call from some in the party to...

German Chancellor Angela Merkel and French President Francois Hollande, taking part at a news conference on climate change in Berlin on Tuesday, said that the negotiation talks between Greece and its European creditors must pick up speed to give the opportunity to Greece...

Greek Finance Minister Yanis Varoufakis said that payments for wages and pensions are a priority and if was to choose between paying Greece's creditors or the country's population he would choose the latter. "I hope we will be able to...

European Commission President Jean-Claude Juncker attempted to provide a solution for an agreement between Greece and its international creditors, Greek Daily to Vima reported. According to the report Juncker submitted the alleged proposal to Greece and all other parties involved on...

Athens must speed up its reform efforts and present a "comprehensive and credible" list of reforms, the European Commission Vice-President Valdis Dombrovskis said, describing Greece as "one of the greatest concerns of the eurozone." "The Greek government must prepare a...

As Greece is running out of cash and the talks with its European and IMF creditors on additional financial aid have been deadlocked on the pretext that Greece has to implement substantial reforms, such as pension cuts, labor market liberalization, and...

Fitch Ratings has affirmed Greece's Long-term foreign- and local currency Issuer Default Ratings (IDRs) at 'CCC'. The issue ratings on Greece's senior unsecured foreign and local currency bonds have also been affirmed at 'CCC'. The Short-term foreign currency IDR...

Gerry Rice, Communications Department Director of the International Monetary Fund (IMF), said in a press briefing on Thursday that the organization is working closely with Europe to keep Greece in the Eurozone and they are flexible in negotiations. Answering a question where...