Eurozone

Even as the Greek government touts a coming primary surplus and predicts the beginning of a recovery next year, The Governor of the Bank of Greece Giorgos Provopoulos said he expects the country's deep recession, now in a sixth...

Even while the International Monetary Fund in 2010 was agreeing to dubious plans to bail out the faltering Greek economy - a joint effort with the European Union and European Central Bank in what became known as the Troika...

S&P affirmed Greece’s sovereign rating at B-/B with a stable outlook. The investment house believes the Greek economy is rebalancing, as reflected in its reduced current account deficit, notable budgetary consolidation, and improved competitiveness, among other positives. However, it...

Even as Greece looks likely to need a third bailout and its debt has risen in the last 15 months, European Central Bank President Mario Draghi, whose institution is one of the country's Troika of international lenders, said he...

Frantic to find a way to cover a looming $11-$14 billion hole in its budget next year, the Greek government reportedly is considering using its state properties as collateral to sell bonds as a way to raise critical revenues. Finance...

In the program that will be aired on the evening of September 16 by the German TV channel Tele-5, the leader of the conservative, euro-currency-skeptic political party in Germany AfD (Alternative for Germany) Bernd Lucke will appear wrapped in...

“There is almost no private investor who could be scared of the news about a new rescue package to Greece,” Jörg Kraemer chief economist at Germany's Commerzbank stated, referring to the possibility of a new bailout for Greece after...

Eurozone finance ministers have approved a 1.5 billion euro loan tranche to Cyprus as part of that country's 10 billion euro bailout the government sought to keep its banks and economy from collapsing. “The Eurogroup welcomes the conclusion of the...

Despite wildly varying estimates of whether Greece needs additional aid or is recovering, the country's economic condition was not on the agenda of talks between Eurozone ministers in Lithuania on Sept. 13, the bloc's chairman, Jeroen Dijsselbloem said. He...

The President of the European Commission, José Manuel Barroso, characterized the financial changes and reforms made over the last three years in Greece as really impressive. At the beginning of his speech before the European Parliament plenary session in Strasbourg,...