Greek Bailout Program

After the third successive unsuccessful ballot for the election of the new President of the Hellenic Republic, international media once again has their eyes on the Greek Parliament, with reports mainly focused on the uncertainty emerging from the early...

Greek stocks ranked as the world's sixth worst investment, according to the British leading financial magazine, Money Week. According to the annual list ranking the worst investments of the ending year, the Greek Athex index lost some 24.44% of...

Towards the emergency issuing of Greek treasury bills is directed the Finance Ministry in order to secure some 4.5 billion euros for the country’s government, which in the first quarter of 2015 needs to cover the payment of interest...

The preventive credit line for Greece will not be ready in time, therefore the country will have to ask for an extension on its bailout program before Eurozone parliaments close for Christmas, a senior EU official told Reuters earlier...

After two days of marathon negotiations in Paris, Greece and its international lenders have failed to reach a deal regarding the country’s austerity and reform program, while Greece is approaching the deadline to strike a new financing deal with its...

The Finance Ministers participating at the Eurogroup met yesterday in Brussels and discussed the current economic situation prevailing in the Eurozone. They also discussed the scenarios of Greece exiting its bailout program. The Eurogroup finance ministers discussed the follow-up to...

The International Monetary Fund (IMF) approved the disbursement of a €3.41 billion installment of Greece’s bailout package on Thursday, ending six months of protracted negotiations. During its meeting, the IMF board reviewed the latest report submitted by the head of its...

New facts have emerged about the European sovereign debt crisis and Greece’s recourse to the European stability mechanism in 2010, as former head of the International Monetary Fund (IMF) Dominique Strauss-Kahn revealed Friday on French TV channel France 2 that former Greek...

Greece may need additional funds under its bailout program from the European Union and International Monetary Fund as output drops for a seventh year in 2014, the Organization for Economic Cooperation and Development said. Gross domestic product will decline 1.2...

Europe’s leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in Plans A and B: adequate debt relief, according to Bloomberg΄s view. The agreement between euro-area finance ministers and the...