USA Reaches Greek Crisis Levels of Public Debt
The U.S. is reaching the level of public debt recorded in Greece during the black days of the financial crisis that led to bailout programs.
Greece 'Won't Need Fourth Bailout'
A top EU official on Thursday said Greece would not need more emergency financing once its bailout program ends in August this year. European Commissioner for Economic and Financial Affairs Pierre Moscovici told reporters in Athens that there would not...
IMF's Lagarde: Greece Now Better Equipped for Economic Growth
Greece is now better equipped to achieve economic growth in the future after the structural reforms it has implemented due to the bailout terms, the head of the International Monetary Fund (IMF), Christine Lagarde, told German broadcaster ARD. "We can...
IMF Insists on Greece Debt Relief Measures
International Monetary Fund spokesman Gerry Rice expressed the Fund's willingness to work with Greece's European partners for a solution that will credibly reduce the country's debt, and lead it to a viable recovery. During a regular briefing in Washington, DC,...
€6-7B Greek Bailout Tranche Set for Late January
The next Greek bailout tranche, worth 6 to 7 billion euros, is expected to be disbursed in late January, provided that 55 agreed-upon measures are undertaken by the Greek government by that time. A Eurogroup source told the Athens -...
Handelsblatt: Greece Has Received €256 billion in Loans Since 2010
German news daily Handelsblatt, taking a look at the Greek economy, has come to the conclusion that despite the obscene amount of loans the country has received since the start of the financial crisis, it is still a long...
EU Auditors Criticize Handling of Greek Bailout Programmes
The EU handling of the Greek debt crisis successfully imposed reforms and avoided a catastrophic default by Greece, but failed in ensuring Athens could stand on its own feet financially, an EU auditor's report said on Thursday. "These programmes promoted...
Former Estonian President Frustrated with Greek Bailout Programme
Former Estonian president, Toomas Hendrik Ilves, claimed his country showed “responsibility and dedication” towards the European Union during the time of the Greek crisis and paid a big price for it. Speaking on BBC Radio 4’s ‘Europe Unbound’, Mr Ilves...
IMF's Lagarde: Implementation of Program, Debt Relief Essential for Greece
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, met Monday in Washington with the Prime Minister of Greece, Alexis Tsipras, to discuss recent developments in Greece and key issues ahead. The decisive implementation of Greece's adjustment program...
Final Bids for Greek Gas Grid Sale Expected by Year's End
The Greek government wants to get binding offers from investors shortlisted for a 66% stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday. Under the terms of...