Greece
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Greece-Europe Negotiations

Greece Awaits Institutions' Invitation to Restart Negotiations, Govt Sources Say

Greece awaits the institutions' invitation to continue negotiations, government sources said on Monday, pointing to a statement made by government Vice President Yiannis Dragasakis in Brussels who clarified that “the Greek side is ready to complete negotiations.” "We await the institutions' invitation...

European Commission Considers Emergency Plan For Greece

On his way into a Christian Democratic Union (CDU) executive meeting in Berlin, European Commissioner for Digital Economy and Society Guenther Oettinger told reporters on Monday that it is essential for Greece to settle for pension reforms and general budget consolidation in...

Creditors Angered by Greece's Infeasible, Vague Proposals

Greece's creditors are angered by the vagueness and infeasibility of the proposals presented by the Greek negotiating team that led to a premature ending of talks between the two sides in Brussels on Sunday. Technical talks have ended and now...

No Result on Greece After Brussels Talks – Next Stop the Eurogroup Meeting

Negotiations between Greece and creditors in Brussels came to an abrupt halt when the Greek delegation left the meeting just 45 minutes after it started. European Commission President Jean-Claude Juncker’s representative stated that this round of consultations with the institutions...

The Price of Letting Greece Go Bankrupt and Out of the Eurozone Is Too High

As negotiations between Greece and creditors seem to stall each day and the country is perilously close to missing its due payment to the International Monetary Fund (IMF) at the end of the month, the Greek government is optimistic that...

Six Charts Show How the Greek Economy Plunged in Six Months

A Bloomberg report used six charts to show how the Greek economy went back into recession in the six months between the call for presidential elections in December 2014 and today. According to the report, the New Democracy/PASOK coalition had...

Senior EU Officials Examine Greek Default Scenario For The First Time

As the current talks between the Greek government and institutions are still at a stalemate and uncertainty is diffused across Europe over Greece's ability to meet its end-June debt deadlines, senior European officials decided to extensively discuss a potential Greek bankruptcy for the...

European Council President: 'We Need Decisions, Not Negotiations'

The time for negotiating is over and it is now time for decisions on the Greek issue, European Council President Donald Tusk said in a joint press conference with European Commission President Jean-Claude Juncker on Thursday after the end of the...

Greek FinMin Varoufakis: 'No Agreement for a 1.0% Primary Surplus'

There has been no agreement between Greece and institutions for a 1.0% primary surplus, Finance Minister Yanis Varoufakis said in the Greek Parliament replying to a timely question from "To Potami" MP Haris Theocharis. "The government will not sign inconsistent and...

Tsipras, Merkel, Hollande Agree to Intensify Talks

The meeting between Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande was concluded early on Thursday with the agreement to intensify talks and reach a deal before the end of June. The three leaders met on the...