Greek debt
Economy
German Newspaper Depicts Socrates Holding His Head Over Greek Crisis
German newspaper Bild has photoshopped a statue of Socrates holding his head in despair as Greece enters a new crisis similar to the one last spring that brought the country close to a Grexit.
"The Alexis Tsipras government is depending...
Economy
German Chancellor, IMF Chief Agree to Disagree on Greek Debt Relief
German Chancellor Angela Merkel and IMF Managing Director Christine Lagarde agreed that the Fund will participate in monitoring Greece's bailout program but disagreed on a debt haircut.
The two women met in Berlin on Tuesday during a conference of global...
Economy
U.S. Vice President Biden Urges EU to Offer Debt Relief to Greece
U.S. Vice President Joe Biden argued that the European Union must provide debt relief to Greece, in a telephone conversation with Greek Prime Minister Alexis Tsipras on Monday.
According to the White House, Mr. Biden underlined the need for Europe...
Economy
EU to Start Talks on Greek Debt Relief by Mid-April if Bailout Review is Completed
Euro zone finance ministers are likely to start discussing debt relief for Greece on the sidelines of the IMF's spring meetings in mid-April, if Athens has implemented the required reforms package by then, euro zone officials told Reuters.
Representatives of...
Economy
13 Theses on the Continuing Greek Debt Drama
As the Greek debt drama continues to unfold and both the IMF and the eurocrats demand ever more sacrifices from the average Greek people and treat the country as a colony, there are several things worth highlighting about Greece’s...
Economy
Greece Rushes to Complete Bailout Program Review by April 13
Greece is rushing to complete the bailout program review by April 13 so that the government can start discussing debt easing during the meeting of euro zone finance ministers April 15-17.
Athens needs to close five pending issues before that...
Economy
European Parliament Member Roberto Gualtieri Impressed With Greece’s Progress on Reforms, but Rules Out Debt Write-Off
A visit to Greece by European Parliament representatives in order to oversee the “democratic implementation” of the new bailout agreement was completed today, with the head of the group, Mr. Roberto Gualtieri, describing it as “positive and successful.”
The mission...
Economy
Greece May Need Less Than 86 Billion Euros, Says Klaus Regling
There will be no shortage of funds for Greece if it proceeds with reforms, said Klaus P. Regling, Chief Executive Officer of the European Financial Stability Facility and Managing Director of the European Stability Mechanism in an interview to...
Economy
Greek Government at Crucial Crossroads Over Bailout Progress Evaluation
The Greek government is rushing to complete the evaluation of the bailout program in order to receive the crucial loan tranche and start talks on debt restructuring.
The differences between creditors and the Greek side must be resolved as soon...
Economy
Central Banker Yiannis Stournaras: Debt Talks Will Resume April 15
The debate on the reduction of Greece’s public debt is likely to start the International Monetary Fund’s (IMF) spring meeting on April 15, the country’s central banker Yiannis Stournaras said in an interview with Italian paper “Il Sole 24...