Greek debt
Economy
Evaluation of Greek Proposals to Be Completed on Friday Night
The institutions received the Greek government's letter with proposals and prior actions on time, stated a Eurozone official, refusing however to give an estimation on the letter's context.
According to the same official, the European Commission, the European Central Bank...
Economy
German Finance Minister: Greece's Debt Is Unsustainable but Haircut Won't Happen
German Finance Minister Wolfgang Schaeuble endorsed a fundamental claim and at the same time dismissed a primary goal of the Greek government, during a Bundesbank conference in Frankfurt on Thursday.
Schaeuble accepted that the International Monetary Fund (IMF) is probably right in...
Economy
German Chancellor: Classic Greek Debt 'Hair-Cut' Out of the Question
Speaking on Thursday while in Sarajevo, Bosnia and Herzegovina, which she visited as part of the two-day tour to Albania, Bosnia and Serbia, German Chancellor Angela Merkel rejected the possibility of a Greek debt hair cut.
"I have said that a classic debt...
Economy
When Greece Wrote Off German Debt in 1953 and How Germany Wants to Forget It
Greece's finance minister Constantinos Karamanlis signs the agreement for the German debt write off
Germany could show some good behavior and write off a part of greek debt like Greece did for Germany in 1953. Prime Minister Alexis Tsipras' speech...
Economy
Greek Gov't: 'We Believe We Will Have Positive Signs at the Eurogroup'
Government spokesman Gavriil Sakellaridis expressed his optimism on Thursday over an agreement with Greece's partners noting that the government does everything towards this direction.
Speaking to private ANT1 TV, Sakellaridis said "We believe that we will have positive signs at...
Economy
German Chancellor Merkel Pessimistic Over Greece
During a visit to Belgrade, Serbia, on Wednesday, German Chancellor Angela Merkel expressed her concern over developments in Greece.
"I think we are not seeing that things in Greece are going so successfully at the moment" she said after praising...
Economy
ESM Wants Assessment of Greek Request from ECB and European Commission
A leaked document that is allegedly the letter sent by European Stability Mechanism (ESM) Board of Governors Chairperson Jeroen Dijsselbloem to the European Commission and the European Central Bank (ECB), is asking them to examine the Greek request for...
Economy
U.S. Treasury Secretary Calls Greek Debt Unsustainable
With Sunday's final deadline for an agreement between Greece and its international creditors looming, U.S. Treasury Secretary Jack Lew urged the two sides to reach a viable solution.
In a discussion at the Brookings Institute on Wednesday, Lew agreed with the International Monetary Fund (IMF)...
Economy
'Regretfully, We Are Bankrupt'… Again; Debt And Default in Greece
Greece is the birthplace of dialogue, democracy, philosophy, arts and the first radical leftist government in Europe. During the last few years, and due to its deep dive into a financial turmoil, the country has been constantly hosted in numerous international...
Economy
Greece Makes Formal Request to ESM for Third Bailout Program
The Greek government made a formal request to the European Stability Mechanism asking for a bailout program to help pay its debts and bring its crisis-stricken economy back from the road to bankruptcy.
The European Stability Mechanism, Europe's financial rescue...