Greece
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Greek Loan

ESM: Third Greek Bailout Likely to Be Smaller Than Planned

Greece’s third bailout loan from the Eurozone might ultimately be less than originally estimated. The European Central Bank announced the official Greek banks’ stress test results on Saturday, noting that the Greek banks’ need for recapitalization is less than...

Greece's History of Loans Since 1824

Greece has been in the center of international attention since 2008 due to the financial crisis that broke in the country. However, this is not the first time Greece has faced severe financial problems or even come face to face...

EU Experts to Review Greek Loan Request

Greece’s request for a loan from the European Stability Mechanism (ESM) is currently being reviewed by Eurozone technical experts in the Euro Working Group, according to Reuters. However, it was announced that there will not be a conference between...

Greece Pays 2nd Part of IMF Loan Due in March

Greece on Friday paid 348 million euros for the repayment of the second part of the loan to the International Monetary Fund (IMF) that falls due this March, following a decision by the Public Debt Management Agency (PDMA). Last week,...

EFSF Clears 1 Billion Euros Loan Tranche to Greece

The Board of Directors of the European Financial Stability Facility (EFSF) approved on Wednesday the disbursement of a 1 billion euros loan tranche to Greece, "taking into account the implementation of a set of milestones agreed in April 2014". EFSF...

EU Mulls 50-Year Greek Loan Repayments

The latest scheme to save the Greek economy include an idea that may include extending the maturity on rescue loans to 50 years and cutting the interest rate on some previous aid by one-half percent, according to two officials...

Bild: Germany Eyes "Bundled" Loan Payment to Greece

Germany wants to bundle three tranches of aid to Greece into one payment of more than 44 billion euros, German newspaper Bild said on Tuesday, citing German government sources. A German finance ministry spokeswoman, asked to comment on the Bild...

IMF: Greek Loan Talks Stuck

Greece's negotiations with international lenders for desperately needed rescue funds are stuck some two weeks before bankruptcy looms, the IMF says. The International Monetary Fund said on Thursday the talks were stalled over the conditions for financing Greece as it...

Christine Lagarde Proposes 28 billion Euros Greek Loan For 4 Years

The International Monetary Fund next week will consider making a loan worth 28 billion euros  to Greece over a four year period, as part of a second international bailout package for Athens. The loan size would be at the upper...

Eurozone Ministers OK Euro 8 Billion Greek Loan‎

The finance ministers averted an imminent disaster in Greece, approving the next installment of the country's bailout loan — euro8 billion. Without that money, Greece would have run out of cash before Christmas, leaving it unable to pay its...