Greek debt

Global banker Citigroup published its monthly report on global prospects in which it notes that political uncertainty has returned to Greece. The report puts the possibility of a back on the table. The recession in Greece is expected to continue...

The bailout loan installment of 7.5 billion euros Greece received in July increased the country's sovereign debt to 328.3 billion euros. According to a Public Debt Management Agency (PDMA) bulletin, the biggest portion of the 7.5 billion euros was earmarked...

Prime Minister Alexis Tsipras has called on Europe to offer debt relief to Greece, on the 63rd anniversary of the generous debt write-off to Germany (August 8, 1953). In a message he posted on Facebook, the Greek prime minister reminds...

Austerity measures implemented in Greece as part of its long haul towards redemption have caused social and economic upheaval in the country. Regardless of the cause of the crisis, here are the results of the belt-tightening since 2009 in...

Greek finance ministry sources on Tuesday rejected main opposition party allegations that a prolonged negotiations process with creditors further burdened the country's public debt. "For those alleging that the real economy was hurt by the negotiations, we encourage them to...

US Treasury Secretary Jack Lew on Thursday in a meeting with Finance Minister Euclid Tsakalotos said that the Greek debt must be soon rendered sustainable. During a press conference, Lew said that Greece has made significant progress and implemented major...

U.S. Treasury Secretary Jack Lew will visit Athens this week to urge the Greek government to expedite required economic reforms, according to the Treasury Department. Lew will make a stop in Athens on his way to the Group of 20...

There is “no significant delay” so far in the implementation of the prior actions that will unlock the sub-tranche of the 2.8 billion euros for Greece, a senior Eurozone official said on Friday. He added, however, that Greek authorities...

Athens Archbishop Ieronymos told the Pan-Thracian Committee that Greece is being "blackmailed by its creditors." He described Greece as being water boarded. "They are drowning us, they are leading us to asphyxiation, until they achieve full surrender," he said....

The non-participation of the International Monetary Fund in Greece's bailout program does not mean the program will fail, said the Fund's chief Christine Lagarde. The IMF managing director spoke to AFP on Thursday, saying that there is a possibility the...