Greece
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Greek Agreement

Moscovici: Greece Can Legislate for Contingency 'Mechanism' Rather than Detailed Measures

The European Commission does not think that Greece needs to vote for specific contingency measures but for a mechanism outlining how such measures might be taken, European Commissioner for Economic and Financial Affairs Pierre Moscovici told a group of...

German FinMin: Aid Program for Greece Is 'An Opportunity'

German Finance Minister Wolfgang Schaeuble appeared cautiously optimistic about the aid program approved for Greece on Friday, describing it as "an opportunity" that must be used. "We will have to wait and see," the Minister told journalists during a press...

Greek FinMin: ‘We Hope this Deal Will Take Greece Forward’

The aid deal secured for Greece at the Eurogroup on Friday may lead the country forward as it is an opportunity to reform its economy, Greek Finance Minister Euclid Tsakalotos told journalists after the end of the Finance Ministers...

IMF Chief: Agreement on Greece Is a 'Very Important Step Forward,' Debt Relief Needed

The aid program approved for Greece is a very important step forward, International Monetary Fund (IMF) Managing Director Christine Lagarde said in a statement on Friday, following the Eurogroup's successful conclusion earlier in the day. "The policy package specified in the Memorandum...

Eurogroup Approves 86-Billion-Euro Greek Bailout Deal: Full Statement

After months of deliberations, Greece secured long term financing from the Eurozone countries on Friday evening. The Eurogroup convened just a few hours after the Greek Parliament ratified the 86-billion-euro cash-for-reforms bailout deal. The Eurozone's approval ensured that Greece will receive the 86...

Greek PM Tsipras Attacked by Opposition and His Own Party

Greek Prime Minister Alexis Tsipras received a lot of fire from the opposition and several of his own lawmakers on the harsh reforms required for Greece's bailout agreement, despite the fact that a total of 222 MPs voted in...

IMF Presses Europe to Ease Greece's Debt

The International Monetary Fund (IMF) puts pressure on Europe to table a proposal for a Greek debt write-down as a condition for its participation in the country's third bailout program. The IMF believes that the Greek debt is unsustainable and it...

Greek Parliament Votes Bailout Deal After Tempestuous Marathon Session

The Greek Parliament voted on Friday morning the omnibus bill that could provide Greece with a three-year bailout program worth about 85 billion euros as 222 MPs voted in favor, 64 voted against and 11 voted "present." Greek MPs argued all night...

Do Greeks Really Like to Say 'No' to Everything?

As Greece's brilliant 300 lawmakers cross swords --and humongous lies-- in parliament over the voting of the new bailout agreement draft, Greek media try to outdo one another in telling Greek people how terrible and destructive the new required measures and...

Greek Govt To Present Its Own Growth Ideas in March 2016

Greece will submit its own growth plan to its partners in March 2016, according to Greek Finance Minister Euclid Tsakalotos' statements to parliament committees currently discussing the draft bill of the new agreement. Regarding debt restructuring, he said that it depends on the...