Greek debt
Greece
Does the IMF Actually Want to Reduce Average Greeks to Paupers?
The International Monetary Fund's (IMF) hawkish attitude towards Greece has many people perplexed, but there is nothing surprising about it: the Fund is notoriously known for its insistence on the implementation of radical structural adjustment programmes by countries that...
Greece
Financial Times Gallop on Greek Debt Write Down in Exchange for Refugees
A few days ago, Gideon Rachman argued in The Financial Times that a good deal addressing both Europe’s refugee problem and the Greek debt crisis is one in which “Greece agrees to seal its northern border with EU help,...
Greece
Greek Debt Not Connected with Issues Around Schengen, Affirms European Commission Vice President
European Commission Vice President Valdis Dombrovskis told a news conference in Brussels that the issue of Greece’s debt is in no way connected with issues that concern the Schengen Agreement. He reiterated EU’s official position on the matter of...
Greece
Noam Chomsky on Europe’s Refugee Crisis and the Endless Greek Debt Drama
Professor Noam Chomsky talks about Europe's refugee crisis and the Greek debt drama in an exclusive interview.
Europe is torn apart as there is no end to the arrival of ever greater number of refugees and migrants, while many European...
Economy
European Stability Mechanism Rules Out Greek Debt Haircut
President of the European Stability Mechanism (ESM) Klaus Regling ruled out a haircut for Greece's state debt on Tuesday. Instead, he said the European Union is examining ways to make Greece's debt more sustainable.
Regling told Reuters that Greece must...
Economy
A Matter of Time Before Greece Needs Yet Another Bailout Plan, Says Klaus Regling
If there were any illusions as to whether the new bailout agreement will sort out for good Greece's financing needs and put the economy back on track, comments made recently by the European Stability Mechanism (ESM) Managing Director Klaus...
Economy
PM Tsipras: ‘It Might Be the Last Opportunity for Greece. Let’s not Lose it’
The evaluation of Greece’s economic program must be completed as soon as possible because it may be Greece’s last chance, Prime Minister Alexis Tsipras said in an interview with Huffington Post Editor-in-Chief Arianna Huffington on the sidelines of the...
Greece
Hope Has Turned to Despair One Year After Syriza’s Historic Rise to Power
“Hope begins today” was the message that the current Greek Prime Minister Alexis Tsipras sent to the Greek people when his Coalition of the Radical Left (SYRIZA) party won the national elections held a year ago, on January 25th...
Economy
S&P Raises Greece’s Credit Rating to B- from CCC+, Stable Outlook
On Friday, Standard & Poor's raised its long-term sovereign credit rating on Greece to 'B-' from 'CCC+', with a stable outlook, citing the country's compliance with its economic program.
"The upgrade reflects our assessment that the Greek government is broadly complying...
Economy
Eurogroup Chief Jeroen Dijsselbloem Talks from Both Sides of Mouth On Greek Debt and Pension Reform Proposal
Speaking on Bloomberg from Davos, Eurogroup chief and Dutch Finance Minister Jeroen Dijsselbloem described the Greek government’s pension reform proposal as a serious one, but then went on to say that “the numbers still do not add up,” reaffirming...