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Greece bailout

Greece Meeting with Lenders Sept. 10 for Post-Bailout Talks

Talks are already being scheduled for post-bailout talks between Greece and its lenders, European Commissioner for Economic and Financial Affairs Pierre Moscovici has announced. The meetings are to begin on September 10 in Athens and according to sources, the government...

Cypriot FinMin Tweets Enthusiastic Message: Greece 'has endless potential'

As Greece marks conclusion of the bailout program, Cyprus' Minister of Finance, Harris Georgiades, tweeted an enthusiastic and positive message for the future of Greece and its investors. “Greece's exit from the memorandum is an important development. The country has...

Greece's Final Bailout Installment Approved by German Lawmakers

On Wednesday German lawmakers approved the last bailout installment for Greece totaling 15 billion euros. The vote took place at a special sitting of the German Parliament that was in session during the parliamentary summer break. Germany's approval comes just weeks after...

Populism Flies High in Three-Year Anniversary of Syriza-led Gov't

Left-wing populism has a long history in post-dictatorship Greek democracy, starting with the late Socialist PM Andreas Papandreou, but in the three years of the Syriza-led government, it is being celebrated more than ever. As the government led by Alexis...

President Pavlopoulos Urges German FinMin Schaeuble to Not Let Election Influence Stance on Debt Relief

In an interview published on Friday in the German newspaper Die Welt, the President of Greece, Prokopis Pavlopoulos, urged German Finance Minister Wolfgang Schaeuble to not let the German elections underway influence his decision on the debt relief program...

IMF's Thomsen: We Need More Realism in Assumptions and More Specificity About Greece's Economy

The International Monetary Fund's (IMF) European Department head Poul Thomsen said on Tuesday that his organization needs to see more realistic euro zone assumptions about Greece's economy as well as a detailed planned of debt relief measures for the...

European Parliament President Schulz Conveys His Support of Greece's Position in Meeting with Tsipras

On Thursday European Parliament President Martin Schulz met with Prime Minister Alexis Tsipras where he expressed his full support of the Greek government concerning bailout negotiations, adding that if a problem in the negotiations would occur that it would be a risk to...

Gov Source Says IMF’s Harsh Demands Will Not Be Accepted

The government will not accept the harsh measures demanded by the International Monetary Fund (IMF), a government source said on Friday. “Not just this government, but no government can accept the package of new measures totaling 4.2 billion euros requested...

Under Grexit Threat, Greece's Parliament Approves Greek Bailout Deal; More Austerity

With the Greek economy in ruins and the Greek banks still closed, the Greek parliament approved the terms of the latest (3rd) Greek bailout deal offered to Geece by its creditors: the European Central Bank (ECB), the European Commission...

This Is the Bailout Deal Greece and Eurozone Just Agreed: Full Document

Although the new deal averts a Grexit, it includes more austerity measures Greece will have to implement. Eurozone's leaders agreed to save Greece by keeping it in the Eurozone and offer the debt-ridden country a much needed bailout agreement but...