Greece
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Greek Bailout Deal

IMF’s Thomsen Welcomes Greece’s Deal With Lenders

Poul Thomsen, director of the IMF’s European Department, welcomed on Tuesday the agreement achieved between the Greek government and its lenders saying it will allow fiscal policy to become more growth-friendly. Speaking to journalists in a conference call, he said...

German Government Responds to Die Wielt Story

The German government sought to distance itself from German newspaper Die Welt's article on the Greek government. Die Welt published an article over the weekend that described Greece as a ship without a captain, arguing that the Greek government is delaying the...

Greek Alternate FinMin: Despite Difficult Measures Greece Will Exit Recession

In the midst of high speculation that Greece will miss deficit targets required in the Bailout Deal, Greek Alternate Finance Minister Giorgos Chouliarakis commenced the discussion on the prior actions bill the Greek Parliament must legislate via a vote on Friday,...

European Commission President Pledges Assistance to Greece

European Commission President Jean-Claude Juncker is committed to help Greece as the country is carrying out the agreements outlined in the new bailout package, Greek media reports. The Greek parliament will have to adopt a series of prior actions during Friday's parliamentary vote...

IMF Disappointed With Lack of Reform Implementation in Greece

A recent IMF analysis noted that there have been major delays in the implementation of reforms in Greece, due to the election that took place in September, as written by a journalist in the German news magazine Der Spiegel. The...

IMF Chief Lagarde: 'Total Debt Cancellation For Greece Is Not An Option'

International Monetary Fund (IMF) Managing Director Christine Lagarde stressed out that there is an urgent need for cash-strapped Greece’s unsustainable debt burden to be reconstructed. In an interview with Swiss French-language daily newspaper "Le Temps" on Saturday, Lagarde implied that the International Monetary Fund is...

SYRIZA Leader Tsipras Urges Greeks To Get Rid Of Their 'Hated Regime'

"Against us is the old political system that pushed the country into a tragedy, which built the regime that led to the bailouts. We want to demolish this regime," Greece's former Prime Minister Alexis Tsipras stated at a gathering of...

September 20 Vote In Greece May Lead To New Coalition Govt

Greece's outgoing Prime Minister Alexis Tsipras is likely to strike an alliance with the opposition and other political parties forming a new coalition government, after the September 20 vote, experts claim. University of Athens political scientist Theodore Couloumbis commented on Tsipras' decision to get...

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...

Reuters: Greek Bailout Deal not Expected at Nov 12 Summit

A deal on keeping Greece afloat and providing more bailout money for the near-bankrupt state is unlikely to be reached next week when euro zone finance ministers meet in Brussels, a senior EU official said on Monday. According to Reuters,...