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Greek Agreement

Foreign Media Reports on Greece's Agreement with Creditors

The agreement between the Greek government and creditors has been the main headline in several foreign media. Reuters noted that Greece and its creditors have reached an agreement on the terms of the rescue program, thus enabling the country’s stay...

Tsipras' Key Intervention Accelerated Agreement Procedures on Greek Bailout Deal

Greek Prime Minister Alexis Tsipras had phone contacts on Monday evening with German Chancellor Angela Merkel, French President Francois Hollande, European Commission President Jean-Claude Juncker and European Parliament President Martin Schulz aiming to speed up the negotiations in order to reach an agreement by...

Greece and Creditors Agree on Bailout Deal

Greece and international creditors have agreed on a new multi-billion euro bailout agreement after the two negotiating teams spent the last 24 hours checking the text line by line, a Finance Ministry official said. The agreement will keep Greece in...

Germany Sceptical Over Greek Bailout Deal

Germans are sceptical over the fast paced negotiations between Greece and creditors and say that a bridge loan would be better than a comprehensive agreement. Ralph Brinkhaus, deputy parliamentary floor leader of Chancellor Angela Merkel's CDU party, said Greece's bailout...

Greece and Creditors Closer to Bailout Agreement

After another marathon meeting that started on Sunday and ended 12 hours later on early Monday morning, Greece and creditors are in the process of making the last changes to complete the draft agreement by Tuesday. Finance and Economy Ministers Euclid...

ESM Approves Commencement of Greek Bailout Deal Negotiations

The European Stability Mechanism (ESM) Board of Governors decided on Friday that it approves -in principle- a loan program for Greece. This effectively means that the institution agrees that negotiations on the bailout deal should begin. The three-year cash-for-reforms program will give Greece...

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...

German Deputy FinMin: 'Tsipras' Comments Are Not Helpful'

A German official noted that Greek Prime Minister Alexis Tsipras' criticism towards the agreement for the bailout deal with the country's creditors isn't helpful, according to the Associated Press. On Tuesday evening, Alexis Tsipras had an interview with the Greek public...

Greek FinMin: 'Difficult Agreement But We Have Commitment for Debt Restructuring'

Greek Finance Minister Euclid Tsakalotos addressing the parliament committees on Wednesday said that a few months ago Greece's partners did not even want to discuss the debt restructuring issue but with the new agreement we have a clear commitment...

Greek Gov't VP: 'I Want to Thank the US for Greece's Bailout Deal'

Greece's vice president and prominent SYRIZA MP Yanis Dragasakis thanked the USA for helping Greece establish a deal with the Eurozone and the IMF, adding that the deal is not yet officialy completed. The Greek VP thanked the US government and...