Greek debt
Economy
Economy Minister Stathakis Says that Economic Stability Will Pave the Way for Debt Restructuring
"Today we start talks to complete the first review," Economy, Development and Tourism Minister George Stathakis said on Wednesday.
Addressing a "Digital Economy Forum 2016 - The restart is digital," organized by the Federation of Information Technology and Communications Enterprises...
Economy
Greece Needs Nominal Debt Haircut to Recover, Head of Parliament's State Budget Office Says
Greece's debt as a proportion of GDP was double the average in Europe and a sign of the Greek economy's failure, as well as indicating that the country needs a reduction of its nominal debt in order to recover,...
Economy
Eurogroup's Dijsselbloem: Institutions to Return to Athens 'Possibly Tomorrow'
Eurogroup President Jeroen Dijsselbloem said the institutions will return to Athens “possibly tomorrow” to complete the first review of Greece’s adjustment program.
Speaking after the Eurogroup meeting at a joint press conference with European Commissioner for Economic and Financial Affairs,...
Economy
America's Hottest Economist Says 'Sooner or Later Greece Will Leave EU/IMF Arrangement Because It Simply Isn’t Workable'
One of the ongoing debates both among economists and policymakers is over the failure of the Greek bailout programs. Why is Greece still in a deep recession six years after it got shut out of global private credit markets...
Economy
Is Eurozone Crisis Ready for Comeback?
Just when everyone thought that the Eurozone crisis was over and that Europe’s major concern was now the refugee crisis, a plan by the German Council of Economic Experts proposes that banks be bailed-in should losses occur from a...
Greece
Why Varoufakis’ DIEM25 Will Fail to Produce Change in Europe
Former Greek Finance Minister Yanis Varoufakis has launched a new political movement, DIEM25, a pan-European movement for democracy with the aim of democratizing Europe.
The launching of DIEM25 took place yesterday at Berlin’s Volksbühne theatre and featured speeches from Barcelona’s...
Economy
IMF Chief: Security Fund Reforms are Linked to Greek Debt Easing
Greece will need debt relief along with deep security fund reforms in order for the pension system to be sustainable, said International Monetary Fund Managing Director Christine Lagarde.
The IMF head gave a web press conference where she was asked,...
Economy
French Finance Minister in Support of a Greek Debt Deal
French Finance Minister Michel Sapin wants the Greek debt issue to be put immediately on the negotiation table, according to the Greek Sunday newspaper Kathemerini.
Sapin said that debt restructuring is “extremely important for the recovery of Greece’s financial stability,”...
Economy
Greek Government About to Begin Negotiations With Creditors
The Greek government is expected to start negotiation talks with Greece’s creditors this coming Monday, which will be completed in two rounds, according to officials from Greece’s Ministry of Finance.
The first round of talks will last only a few...
Economy
Louka Katseli Sugarcoats New Bailout Plan at LSE and Contends Greek Debt Is Sustainable
In early 2010, she was a Minister for Labor under Papandreou's Pasok government, in 2012 she left Pasok and founded The Social Agreement Party, and in the legislative elections of 2015 her party joined forces with Syriza, eventually landing...