Greek debt

European Commissioner of Economic Affairs Pierre Moscovici is arriving in Athens today (Tuesday) to ensure that the Greek government is on track regarding the progress of reforms required by the bailout program. The second omnibus bill that includes prior actions...

 A new world report by Swiss consulting company Prognos AG foresees a hampered Greek economy into the next decade, according to German newspaper Die Welt that published the results. The report predicts that Greece's economy will keep shrinking by 0.8% each year until the early 2020's....

Greece is on the brink of bankruptcy as private debt is higher than gross domestic product and rising, says a Greek Money report. Private debt is higher than GDP and if the state debt is added to the equation, the...

The International Monetary Fund reiterated that it will contribute funds to Greece's bailout under the condition that Europe will formally restructure the country's debt, according to a Bloomberg report. Greece has signed a three-year bailout program worth 86 million euros...

German newspaper Der Spiegel reports that European leaders are trying to persuade the International Monetary Fund to participate in the new Greek bailout by considering a new approach towards the Greek debt. The three year 86 billion euro Greek bailout was agreed to...

Deutsche Bank considers the possibility of a haircut of Greece’s public debt by the end of the year 'inevitable', according to a report in German tabloid Bild. The newspaper cites a classified Deutsche Bank internal circulation document which allegedly states...

French President Francois Hollande addressed the Greek Parliament on Friday afternoon, reaffirming France's support to Greece while calling for debt relief and the implementation of the bailout agreement. During his half hour speech, Hollande recognized the difficult task of implementing the bailout's prescribed reforms,...

The Greek government will discuss, among other issues, the forthcoming negotiations on the debt, bank recapitalization, collective labor agreements, the safeguarding of transparency and social cohesion with French President Francois Hollande and his team during his visit to Athens...

U.S. Treasury Secretary Jack Lew spoke with Eurogroup President Jeroen Dijsselbloem by telephone on Friday and urged the European Commission to provide meaningful debt relief to Greece, a Treasury spokesperson said. According to Reuters, Lew said the U.S. continues to...

The Eurozone is on the road to recovery, according to Eurogroup President Jeroen Dijsselbloem. The Dutch Finance Minister gave an extensive interview with CNBC while attending the International Monetary Fund's summit in Lima, Peru, in which he claimed the Eurozone is...