Greek Bailout Program
Economy
Merkel Calls German Party Leaders Meeting On Greece
As Athens’ standoff with the European Commission, the International Monetary Fund, and the European Central Bank is taken to a dangerous new level, German Chancellor Angela Merkel has reportedly invited leaders of Germany's major parties to a meeting in Berlin on...
Economy
Juncker: 'Greeks Wait For Someone to Pull a Rabbit Out of the Hat'
Ahead of the crucial emergency summit of euro zone leaders on Monday and while bank withdrawals have accelerated significantly in Greece, European Commission President Jean-Claude Juncker expressed his exasperation with the Greek Prime Minister Alexis Tsipras during his interview at the...
Economy
Greece's Last Attempt to Reach Agreement with Creditors
The Greek Prime Minister Alexis Tsipras’ personal envoys arrived in Brussels on Saturday morning in order to attempt to bridge the difference between Greece and its creditors.
Greek Deputy Prime Minister Yiannis Dragasakis, State Minister Nikos Pappas and Deputy Minister...
Economy
Martin Schulz: 'Tsipras Is Playing Political Games Delaying the Negotiations Process'
After his recent defamatory statement "Greeks get on my nerves," European Parliament President Martin Schulz unleashed again a new verbal assault this time toward Greek Prime Minister Alexis Tsipras accusing him of "delaying" the negotiations process "playing" his own...
Economy
Rescue Package May Be Extended Until Autumn
According to a barrage of reports in the German media during the last few days, there is a high likelihood of Greece's current bailout program being extended until autumn.
At the same time, Greece's Prime Minister Alexis Tsipras expressed his confidence that the...
Economy
Critical Dates for Greece's Financing Set in the European Summit
French newspaper Le Monde published a very informative article, regarding Greece’s financing until the end of August. In a detailed table the newspaper presented what was discussed in the Summit between seven European leaders, noting the most critical dates...
Economy
Greek Gov't Spokesman Pappas Replies to Schaeuble's Provocative Statements
German Finance Minister Wolfgang Schaeuble's latest provocative statements on Greece and the ongoing negotiations with the country's international partners as well as on his Greek counterpart Yanis Varoufakis, has caused a strong reaction in Athens. In what is seen...
Economy
Greek Economist Suggests Troika Used False Data
During an interview with Greek journalist Nikos Evangelatos, Greek economist and Independent Greeks member Giorgos Romanias claimed that the reports on which the bailout program insurance measures were based are unacceptable. “They decided on wage and pension cuts because...
Economy
German Parliament Approves Greek Bailout Program Extension
The German Federal Parliament approved Greece’s bailout program extension with 542 votes in favor, 32 votes against and 13 abstentions.
German Social Democrats (SPD) member Axel Schafer condemned BILD’s anti-Greek campaign in front of the German Parliament, holding yesterday's front...
Economy
Euro Sinks Near 30-Month Low Due to Political Developments in Greece
The Eurozone currency hovers near a 30-month low against the US Dollar today due to the uncertainty spread in the union by the developments in the Greek political scene. The Greek Parliament yesterday failed for a third consecutive ballot...