Greece-Europe Negotiations

The Greek government has been forced to back down on several of its pre-election campaign pledges as negotiations continue at a slow pace while state coffers are emptying at an alarming rate. The so-called "Thessaloniki program" that Prime Minister Alexis...

Greek main opposition New Democracy accused Prime Minister Alexis Tsipras on Saturday of trying to coax his own people ahead of the new measures he will have to bring to the Parliament. "Mr. Tsipras spoke of the government's first 100...

The role of the International Monetary Fund (IMF) in negotiations over Greece's reforms program is absolutely necessary, according to Germany's Finance Ministry. "We believe it is absolutely essential that the IMF participates," Finance Ministry spokesman Martin Jaeger said in a regular government...

German Chancellor Angela Merkel and French President Francois Hollande said there is no political solution to the Greek debt problem but recognized the need for a comprehensive agreement that will eventually lead to the restoration of Greek economy. The two...

Greek state coffers had less than 800 million euros at the end of March, according to State Treasury figures. Greece is entering the final stage of negotiations with creditors, with practically empty coffers, as only 796.5 million euros were available at the...

Minister of State for Coordinating Government Operations Alekos Flambouraris briefed SYRIZA officials on Wednesday regarding the ongoing negotiation between Greece and its creditors that will lead to a single agreement, during a meeting still underway after four hours. According to party...

Greece's creditors rejected Finance Minister Yanis Varoufakis' VAT proposals. Meanwhile, Varoufakis spoke of a "domestic Troika" who keeps arguing against his proposals. Varoufakis had proposed a 15% VAT for payments made by debit or credit card and 18% for cash payments. At the...

The Greek economy is stagnating and the situation is getting worse each day due to the uncertainty over the agreement with creditors. According to the National Confederation of Hellenic Commerce (ESEE), each day that passes without a deal, Greece is...

While the government in Greece expresses optimism that an agreement with creditors will come soon, European Union officials in Brussels say that there is still a long way before the bailout program review. Through press leaks and official announcements, various Greek...

The International Monetary Fund (IMF) is considering to present Greece with a "Cyprus-like" severe bailout plan proposal, according to a Financial Times report. With Greece having difficulty meeting its domestic obligations in public sector salaries and pensions, it is very unlikely...