Greek debt

All sides must be flexible in order to successfully complete all the negotiations for Greece's financial regulation, US Treasury Secretary Jack Lew told Greek Prime Minister Alexis Tsipras in a phone conversation on Thursday. In an announcement published by the US Treasury, both sides have...

  Greece needs a sustainable debt relief and to implement structural reforms in order to return to growth, U.S. Ambassador to Greece David Pearce said in a statement published on the embassy’s website and posted on Twitter on Thursday. "The U.S. position has...

The European Commission, the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Stability Mechanism (ESM) released a joint statement on Thursday on the Greek program and debt sustainability: "The institutions and the Greek authorities have made important...

On October 4th 2009, the center-left PASOK party, led by George Papandreou, defeated Kostas Karamanlis after 5 years of New Democracy rule. While the murmurings of a debt problem had surfaced in the run-up to the elections, none of the...

A “haircut” to Greece’s debt is unavoidable because it is not sustainable, Dr. Marcel Fratzscher, the President of the German Institute for Economic Research (DIW) and unofficial advisor to Chancellor Angela Markel said in comments in newspapers of the Funke...

Creditors proposed that Greece must implement additional fiscal measures "in waiting" worth 2.7 billion euros in order for the bailout program review to be completed. Greece rushes to complete a draft agreement with creditors before the crucial meeting of euro zone...

The finance ministers of France and Germany have voiced hope that Athens will soon reach a new bailout deal with its international lenders. Both also urged the IMF to continue its involvement with the debt issue. Creditors are hoping to...

The International Monetary Fund urges European creditors to offer Greece substantial debt relief because the country's debt is "highly unsustainable," according to Reuters. The report cites a draft memorandum seen by Reuters. It refers to differences among Greece's lenders --...

"It is inevitable to connect the completion of the evaluation, with our commitment to the debt," said European Commissioner for Economic and Financial Affairs Pierre Moscovici speaking to the European Parliament on Monday. The objective is the agreement on the...

"Their pension scheme is going right into the wall the way it is now, and they know it," said International Monetary Fund Managing Director Christine Lagarde. In an interview during the 2016 Women in the World Summit in New...