Greek debt
Economy
German Fin Min: No Need for Greek Debt Haircut
German Finance Minister Wolfgang Schaeuble said that there is no need for a Greek debt haircut at present and expressed optimism that Athens and lenders will come to an agreement over the bailout program review in two weeks.
Schaeuble spoke...
Economy
Tsipras Tells Cabinet that Eurogroup Meeting Was a Success, Despite Shortfalls
Greece's Radical Left Coalition (SYRIZA) Prime Minister Alexis Tsipras addressed his cabinet during a meeting on Tuesday, in the aftermath of the extraordinary Eurogroup meeting on Monday. "Today is an important day. And it is an important day because after...
Economy
Greek Debt Can Soar Up to 258.3% of GDP by 2060
The Greek debt can soar up to 258.3% of GDP or to fall to 62.6% of GDP by 2060, according to a Wall Street Journal report.
The report is based on a debt sustainability analysis (DSA) conducted by the European...
Greece
Main Opposition Lashes Out at Government on Eurogroup Outcome
"The government is celebrating the fourth memorandum with new, painful and harsh measures imposed on the Greek people because of its failure," main opposition New Democracy said on Tuesday on the outcome of the Eurogroup.
In a statement, New Democracy...
Economy
Bloomberg: IMF Is Right to Want Greek Debt Relief
The editorial board of Bloomberg news agency co-signed an opinion article, titled "The IMF Is Right About Greece." The article justifies the International Monetary Fund's indirect threat of leaving negotiations if debt relief is not given to Greece.
"The IMF's...
Economy
Eurogroup to Focus on Greek Debt Relief, Contingency Measures Mechanism
The contingency mechanism to correct fiscal divergence and Greek debt relief will be the focus of today's (Monday) meeting of euro zone finance ministers.
Greece goes to the emergency Eurogroup in Brussels after the tax and security fund reforms were voted...
Greece
Bloomberg: EC Leaks a New Memorandum for Greece
A draft proposal by the European Commission to break the deadlock on a new debt deal for Greece was leaked on Saturday, ahead of an emergency Eurogroup meeting of Eurozone finance ministers on Monday. The leaked report calls for...
Economy
Telegraph: Greek Debt Crisis Threatens to Flare Up Ahead of Brexit
The Telegraph spotlights Brexit dangers posed by debt talks between Greece and its embattled creditors as they meet to discuss the 86-billion-euro bailout package approved last summer. The British newspaper points to the looming Brexit referendum in the UK,...
Economy
IMF Chief Urges Europe to Offer Debt Relief to Greece
The International Monetary Fund (IMF) will not participate financially in Greece's third bailout unless European creditors offer the country debt relief, said the Fund's chief.
IMF Managing Director Christine Lagarde sent a letter to Eurozone Finance Ministers ahead of Monday's...
Economy
Dijsellbloem: Political Agreement Is the Aim of May 9 Eurogroup
Achieving a "political agreement" on the Greek debt relief issue is the goal of the May 9 Eurogroup, said the Eurozone Finance Ministers chief Jeroen Dijsellbloem.
This is emphasized on the draft agenda released today by the Eurogroup President.
"The Eurogroup will...