Greek debt

After calling the Greek government to approve controversial budget cuts and financial overhauls, the International Monetary Fund (IMF) made a strong reappearance, this time putting pressure on Eurozone's leadership, asking for a detailed debt restructuring plan for Greece in order to move...

House Speaker Zoe Konstantopoulou was enigmatic coming out of her much-anticipated meeting with Prime Minister Alexis Tsipras, after her dissidence over Greece's pending bailout agreement. "We had an honest and in-depth conversation with the prime minister regarding the developments of...

The highest government debt to GDP ratios in the Eurozone were recorded in Greece (168.8%), Italy (135.1%) and Portugal (129.6%), according to a recent Eurostat news release for the first quarter of 2015. However, the Greek government debt also recorded...

Greece's presence in the Eurozone could be secure for now, but it is far from guaranteed in the future, according to economists. According to a Bloomberg poll, 71% of 34 economists said there will be a Grexit by the end of 2016. At the same time...

Greek Parliament President Zoe Konstantopoulou said that Greek democracy is being strangled. Konstantopoulou addressed the 10th World Hellenic Inter-Parliamentary Association (WHIA) conference on Tuesday and spoke about the events that have followed Greece’s agreement with international creditors on July 13. WHIA is an...

German Chancellor Angela Merkel once again rejected the possibility of a classic haircut for the Greek debt. In an interview with the German broadcaster ARD, Merkel dismissed one of the Greek government's main priorities. “A classic haircut, or adoption of 30%-40% of...

Former World Bank chief economist and Nobel Prize winner Joseph Stiglitz expressed his serious concerns over the economic rationale behind Greece's rescue agreement during his meetings with Greek government officials in Athens on Friday. He reassured, however, that both he and a...

The IMF is willing to participate in the next Greek bailout program, provided that the Eurozone allows a debt haircut or restructuring, so that the debt becomes sustainable and the country can receive market financing, said the fund’s Managing...

Germany insists on its refusal to write off part of Greece's debt, despite the fact that the International Monetary Fund (IMF) claims the debt is unsustainable. German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble say that they would give...

They called it deal, agreement, treaty, honest compromise, bailout. They dressed it up with fancy words like “social justice,” “fair taxation,” “growth prospect,” “debt haircut.” What they never called it was what it truly was: a Memorandum of Understanding....