Greek debt

Greek Prime Minister Antonis Samaras’ declaration that a $17.45 billion spending cut and tax hike plan narrowly approved by the Parliament would save Greece from bankruptcy and an exit from the Eurozone don’t match up other statistics that show...

The European Union’s top economic commissioner said euro leaders need to lock down an agreement on tackling Greece’s debt by next week as regional finance chiefs defended their response to the sovereign debt crisis. EU Economic and Monetary Affairs Commissioner...

The German government on Monday reaffirmed its categorical opposition to any haircut on Greek debt held by the public sector. German weekly Der Spiegel reported over the weekend that the troika of the European Commission, the European Central Bank and...

International auditors will demand that Greece carry out a further 150 reforms to its recession-battered economy, as it teeters on the edge of bankruptcy, German newsweekly Spiegel reported Sunday. Citing an interim version of the findings of the troika of...

German Finance Minister Wolfgang Schaeuble ruled out public investors accepting a debt restructuring, or "haircut", on their Greek debt holding but said a debt repurchasing program could be considered. "(A haircut) is a discussion that has little to do with...

Bank of Canada Governor Mark Carney said additional debt relief for Greece may be part of a way to help ease economic adjustment for the Mediterranean country. In an interview with Sun News Network to be broadcast at 6 p.m....

The Italian daily newspaper Il Messagero, in an extensive report, said that many Greek women, desperate over the country's economic crisis and with few prospects for income, have gone to Italy to work as prostitutes. "Indebted Greece is beginning to...

Euro-zone countries are considering a proposal that would see Greece cut its debt by buying back bonds held by private creditors at a discount, says Wall Street Journal. According to the report, the exercise, one of a number of options...

Τake seven minutes of your spare time to watch this visual essay of Yiannis Biliris on the Greek crisis spreading across not only the country's economics but its people and their lives as well. MUTE - The visualization of an...

Germany's finance minister said Friday there is "no alternative" to cutting debt in European countries, the day after the IMF chief called for Greece to be given more time to pare its deficit. "There's no alternative to reduce in the...