Greek Deal

After months of deliberations, Greece secured long term financing from the Eurozone countries on Friday evening. The Eurogroup convened just a few hours after the Greek Parliament ratified the 86-billion-euro cash-for-reforms bailout deal. The Eurozone's approval ensured that Greece will receive the 86...

"Today I got a mandate to approve the third package for Greece," Finnish Finance Minister Alexander Stubb told reporters on Thursday, revealing the Finnish government's intention to finally participate in Greece's new rescue loan deal. The decision, which was made by the Finnish...

Wednesday's parliament vote on the second omnibus bill of reforms required for Greece's third bailout will be critical for the SYRIZA government. Prime Minister Alexis Tsipras has sent an indirect message to his party that if the bill gets less...

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...

After last week’s referendum euphoria, authorizing the Tsipras administration to negotiate with creditors on the premise not to accept additional Memoranda, I felt proud to be Greek! I truly believed that Greece would shine again and protect the people against a...

Greek Interior Minister Nikos Voutsis said it is very possible there will be snap elections in Greece in September or October. "If not in September, then in October. Elections are very likely, but this will depend on developments from now on,"...

The work between the technical teams of Greece and creditors will start on Monday in Athens and is expected to last four weeks before the third bailout agreement is signed. The representatives of the European Commission, the European Central Bank (ECB) and...

"Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far." -IMF One of Greece's main creditors, The International Monetary Fund (IMF), released today an official...

A Greek prince of the left, channeling Odysseus and an Australian mystic, took arms against the Brussels Fight Club, crusading for his nation’s very survival. His small nation blessed with great history and beauty was also cursed with turpitude...

It is really sad to see the people of a country that was on the brink of bankruptcy three days ago to go on strike and take it to the streets to demonstrate against the deal that saved them...