Greek debt

Another crucial meeting between Greek officials and lenders over the Greek debt ended in a fiasco followed by vague statements such as "we are on the final stretch" or "we will meet again in the next few days." The impasse in...

Europe’s stance in dealing with the tax reform in Greece is very hypocritical, French economist Thomas Piketty said in an interview to the Athens-Macedonian News Agency on Wednesday. "On one hand, they say rich Greeks must pay more taxes and on the other,...

Greece’s debt problem could be resolved by ending austerity, the President of the Confederal Group of the European United Left/Nordic Green Left (GUE/NGL), Gabriele Zimmer, told the Athens-Macedonian News Agency on Tuesday. "The debt problem can be resolved first and...

German media today are mainly focusing on the meeting between German Chancellor Angela Merkel, French President Francois Hollande, ECB President Mario Draghi, European Commission President Jean-Claude Juncker and IMF director Christine Lagarde, in Berlin. The German newspapers Die Welt, Die...

Reuters reported that crisis-stricken Greece owes a total of 1.2 billion euros to multinational pharmaceutical companies, according to the statement of a senior executive in the global pharmaceutical industry. “The rising unpaid bill reflects the growing struggle by the nearly...

German economist and head of the European Stability Mechanism Klaus Regling noted that “time is running out for Greece to reach an agreement with its lenders and there will be no further funds for Athens without it,” during an...

Greece's economy seems to have reached its lowest point, as the Greek government is unable to pay 4.4 billion euros to its suppliers. Meanwhile, the Greek insurance funds are facing the same problem with administration striving to find more resources. Over...

  By Thanasis Delistathis* / @tdelistathis Friends often ask me to opine on the Greek debt crisis. They are looking for some insight into what is going on and why the country is at the brink of bankruptcy. I suppose they...

The role of the International Monetary Fund (IMF) in negotiations over Greece's reforms program is absolutely necessary, according to Germany's Finance Ministry. "We believe it is absolutely essential that the IMF participates," Finance Ministry spokesman Martin Jaeger said in a regular government...

German Chancellor Angela Merkel and French President Francois Hollande said there is no political solution to the Greek debt problem but recognized the need for a comprehensive agreement that will eventually lead to the restoration of Greek economy. The two...