Greece
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Greek debt

German Press: Greece Will Likely Need Another 'Bailout' Due to High Debt

Due to its high public debt, it is doubtful whether Greece will make it on its own in the long run without new financial support, a report by Frankfurter Allgemeine Zeitung says. This report comes after a comment made by...

Debt Package is 'Credit Positive' for Greece, Says Moody's

A debt relief package offered to Greece by its creditors last week is a significant benchmark in Greece’s ongoing recovery from its deep government debt, economic and banking crisis, Moody's said on Monday. In a report, the credit rating agency...

Tsipras Dons Tie, Then Removes it in Symbolic Gesture on Greek Debt Deal

Greece's prime minister, Alexis Tsipras, celebrated the conclusion of a deal with Eurozone ministers on debt relief by addressing his cabinet officials wearing a necktie in public for the first time. In an event broadcast live on Greek public TV, Tsipras...

IMF, Eurozone Seek Last-Minute Deal on Greek Debt

Greece's eurozone creditors and the International Monetary Fund are trying to find a last-minute solution to the country's debt mountain so that the IMF contributes financially to the third bailout program. The Greek rescue program ends on Aug. 20 and...

Creditors Fail to Reach Deal on Greek Debt Relief

The Washington Group that convened on Thursday in Brussels failed to reach an agreement on the Greek debt relief issue and will be meeting again during the G7 summit in Canada, in early June. According to a Bloomberg report, the...

Debt Repayment Feasible if Greece 'Implements Reforms'

"If the government in Athens implements all the remaining reforms decisively, Greece can successfully emerge from the ESM program in August 2018," Klaus Regling, president of the European Stability Mechanism, has said. The ESM chief spoke at en event held...

Berlin Insists on Strict Conditions for Greek Debt Relief

Debt relief for Greece will only be provided under strict conditions if it happens at all, Germany's finance ministry has said. Earlier, German newspaper Handelsblatt reported that Berlin was opposed to granting debt relief without strict conditions. The financial newspaper...

Gap Between EU-IMF over Greek Debt Remains

The International Monetary Fund and the European Union continue to disagree on the Greek debt relief issue, as was shown during the IMF and World Bank spring meeting in Washington. According to a Kathimerini newspaper report, the two sides attended...

German Finance Minister: Greek Debt Relief Must be Tied to Growth Plan

Any debt-relief measures for Greece will be discussed only after Athens presents a credible program that focuses on growth, German Finance Minister Olaf Scholz has said. The German finance minister, interviewed in Sunday's Frankfurter Allgemeine Zeitung, said Berlin's position -- and...