Greece
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Greek debt

No Discussion of Greek Debt Easing on Monday's Eurogroup

On Monday's Eurogroup, eurozone finance ministers will not discuss Greece's debt easing, nor the supervision of Greek reforms after the bailout program ends in August, according to a Kathimerini newspaper report. The report says that technical discussions have not progressed...

EU's Moscovici: Greece Needs 'Suitable Supervision' after Program Ends

Greece finally sees the light at the end of the tunnel, but a suitable form of supervision is needed for years after the bailout program ends, said Economic Affairs Commissioner Pierre Moscovici. The EU official is in Greece for a...

Greece Faces Years of Supervision, Says EU Official

Greece will face strict supervision of its implementation of reforms for years after its bailout program ends, a senior European Commission official has warned. Declan Costello told a group of Dutch lawmakers in the Hague that Greek reforms should be...

Greek 10-Year Bond Yields Hit Eleven-Year Low

Greek 10-year government bonds yields hit an 11-year low on Friday, as recent upbeat economic data and a deal struck with its lenders encouraged investors to snap up Greek debt. Greece and its eurozone creditors reached a preliminary agreement earlier...

IMF's Lagarde: Greece's Debt Needs Restructuring to Make it Sustainable

A restructuring of Greece's debt is essential so that the future of the Greek economy can be sustainable, International Monetary Fund (IMF) Managing Director Christine Lagarde said in a statement to the Italian newspaper Il Sole 24 Ore. Regarding Greece,...

Stournaras: NPL Sales Speedup Crucial for Greek Banks

Greek banks have shown progress in tackling a stockpile of non-performing loans, Bank of Greece governor Yannis Stournaras said on Friday, but added that it would remain a challenge for the country. Greek banks are saddled with 103 billion euros...

Greek Parliamentary State Budget Office Warns of Bankruptcy Risk if Debt not Eased

Greece is at risk of bankruptcy unless there is substantial debt relief, warns the Parliamentary State Budget Office, while calling for the need of tax policy change. In its quarterly report (July-September 2017), the House office claims that debt relief...

Greek FinMin: €1.1 Bln Revenue Surplus to be Distributed as Social Dividends

At least 1.1 billion euros of revenue surplus will be distributed in the form of social dividends by the end of the year, Greece's Finance Minister Euclid Tsakalotos said on Tuesday. The Greek minister spoke to national broadcaster ERT saying...

Eurostat: Greek Primary Surplus Revised Down, Debt Up

Greece's primary budget surplus last year was lower than initially estimated and its debt higher, revised data by the EU statistics office showed on Monday; the day negotiations for the conclusion of the bailout programme began. Eurostat said Greece had...

Trump-Tsipras Meeting in White House Leaves Both Sides Satisfied

U.S. President Donald Trump said his country supports "responsible debt relief" for Greece, while Greek Prime Minister Alexis Tsipras said there is a "fruitful perspective" in relations between the two countries, during a joint press conference in the White...