Greek Deal

The legislation for the deal between Greece and its international creditors for a European Stability Mechanism (ESM) package was submitted to the Greek Parliament on Tuesday evening with an urgent status. The legislation is composed of two articles. One contains the agreement reached during the...

The Greek Public Sector Union (ADEDY) urged citizens working in the country's public sector to stage a 24-hour strike on Wednesday and express their opposition to the new 86-billion-euro bailout deal Greek Prime Minister Alexis Tsipras agreed on Monday morning with the country's...

Greek Prime Minister Alexis Tsipras is likely to face internal strife over his 86-billion-euro agreement with international creditors on Monday. The deal, which was struck after 17 hours of deliberations and will include more measures and reforms than the ones Greece...

The International Monetary Fund (IMF) said on Monday it is ready to work with the Greek authorities and its European partners to help moving forward an agreement reached during a Euro Summit earlier in the day. IMF Director of Communications Gerry Rice said in a...

Dutch Finance Minister Jeroen Dijsselbloem spoke after Monday morning's agreement on a 86-billion-euro bailout for Greece. Aside from finally reaching a deal with Greece, Dijsselbloem had another reason to be cheerful on Monday. During this Eurogroup he was reelected as Eurogroup President. The Dutch...

The first signs of dismay -but not necessarily of a crack- in the SYRIZA-ANEL coalition government regarding the 86-billion-euro bailout deal appeared just a few hours after Greek Prime Minister Alexis Tsipras agreed with international creditors in Brussels. Defense Minister and Independent Greeks (ANEL)...

A lot has happened during 17 hours of talks on the Eurozone's future. Before Greece and its creditors agreed on a new 86-billion European Stability Mechanism (ESM) program, there were multiple interruptions and as the night went on, reports of impasses and confrontations...

Greece's governing SYRIZA party is slowly moving toward splitting up after Greek Prime Minister Alexis Tsipras signed an agreement with the country’s creditors in Brussels, requesting for more austerity measures. 30 SYRIZA MPs have gathered to discuss about their position in the current...

After Eurozone leaders announced they had finally reached an agreement, markets reacted promptly and positively to the good news. However, leading market analysts are questioning the agreement benefits and are wondering why everyone rushed to celebrate. M&G Investments’ Jim Leaviss noted...

T A leaked excerpt from the final agreement between Greece and its European partners, describes in detail how the new 50-billion-euro fund will operate. The document was first published by Peter Spiegel. According to the official document, Greek authorities will have to...