Greece
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Greek debt

State Debt Amounts to €39,700 per Person in Greece

If Greece were to repay its sovereign debt today, each Greek would have to contribute 39,700 euros (47,869 U.S. dollars), according to the World Economic Forum. A country's debt is measured as percentage of its gross domestic product (GDP). Based...

EWG Chief: Greece to Remain Under Strict Supervision for Years

Greece will remain under strict supervision by its creditors for years, said the head of the EuroWorking Group, Thomas Wieser. In an interview with Ethnos newspaper, Wieser emphasized that he would not be around; in the commission, to see the...

Athens Ready for Visit of French President Macron

Athens is preparing for the visit of French President Emmanuel Macron who will stay for two days and meet with Prime Minister Alexis Tsipras and President of the Republic Prokopis Pavlopoulos. The visit, which has been heralded by the Greek...

German FinMin: Greek Debt Relief Not on the Agenda for Now

Greek debt relief is not on the agenda for now, and Greece must press ahead with implementing reforms in order to become more competitive, German Finance Minister Wolfgang Schaeuble said. Schaeuble spoke to German newspaper Mannheimer Morgen. When asked if...

Fitch Upgrades Greece's Rating to B-

Fitch Ratings has upgraded Greece's credit rating from CCC to B- on Friday, an improvement that leaves the country's state bonds well below investment grade. Greece's third bailout program review is due in the autumn and the ratings agency said...

France's Macron to Visit Athens as Part of his 'European Agenda'

French President Emmanuel Macron will be making an official visit to Greece from Sept. 7-8, a source in the Elysee Palace said, as he seeks to build momentum behind a drive to deepen European integration. Macron's aides have described a...

IMF: Greece Must Implement Measures in 2019 and Countermeasures in 2023

The International Monetary Fund report on the Greek debt sustainability says that fiscal measures should be implemented earlier and the countermeasures not earlier than 2023. If the countermeasures are applied from 2019 to 2021, then the primary surplus for those...

Standard & Poor's Upgrades Greek Credit Outlook Goes From Stable to Positive

Standard & Poor's rating agency (S & P) upgraded the Greek credit outlook to positive from stable on Friday. "On July 21, 2017, S&P Global Ratings revised the outlook on the Hellenic Republic (Greece) to positive from stable. We affirmed the...

ECB Chief: Up to Greece to Decide Whether to Tap Bond Market

European Central Bank President Mario Draghi said on Thursday that it is up to Greece to decide whether to tap the bond market again, but it should be better to do so as part of an overall bailout strategy,...

Varoufakis: 'I Was Right About the Debt, and You Know it!'

Former Finance Minister Yanis Varoufakis replied to an article published in Kathimerini through his blog. Here is his reply: In a recent article entitled “Varoufakis and the 2015 debt talks – behind closed doors,” published on the English language site of...