Greek program
Economy
Greek FinMin Varoufakis Presents the '10 Reforms Proposal' Amid Grexit Concerns
The end of the crisis will not come if Greece says yet another "yes" to the program. If the drug was bitter but effective we would have taken it, but the drug is "toxic" and even the doctor knows...
Economy
Greek PM Tsipras from Vienna: I am Optimistic About an Agreement with Partners
Greek Prime Minister Alexis Tsipras met with Austrian Chancellor Werner Faymann earlier today in Vienna, where he was jubilantly accepted. A large number of Greeks residing in Vienna, as well as Austrians, had gathered in front of the Chancellery shouting...
Economy
IMF Chief and ECB Chief to Attend Eurogroup on Greece
International Monetary Fund Managing Director Christine Lagarde is to meet Finance Minister Yanis Varoufakis for the first time face-to-face on Wednesday during the emergency Eurogroup meeting being held to discuss the future of the Greek program. There is a...
Economy
BoG Governor Stournaras: ECB's Decision Can be Lifted
The Governor of Bank of Greece (BoG) and former Finance Minister Giannis Stournaras appeared confident today that the Greek banks' liquidity is absolutely guaranteed and that the deposits are completely secured.
In a meeting with the SYRIZA-led government Vice President,...
Economy
Emergency Eurogroup to be Held Next Wednesday to Discuss Greece
An emergency meeting of the Eurozone member-states’ Finance Ministers is possible to be held next Wednesday, February 11, in Brussels in order to discuss the developments regarding the Greek program. The Eurogroup meeting, to be held on the eve...
Economy
ECB to Stop Accepting Greek Government Bonds
The European Central Bank (ECB) is suspending the eligibility of Greek government bonds as collateral for its liquidity operations, starting from February 11th.
In a press release on Wednesday night, the ECB, which was having a governing council meeting earlier...
Economy
European Parliament President Warns Greece Over National Bankruptcy
European Parliament President Martin Schulz warned the Greek government it must retain its commitments towards the country's international creditors and European partners, as in a different case Greece will face the risk of national bankruptcy.
According to Reuters, during an interview with...
Economy
French PM Hollande to PM Tsipras: Greek People's Vote Indicates Austerity Is Not Tolerable
Greek Prime Minister, Alexis Tsipras and French President, Francois Hollande's meeting in Paris was concluded on a positive note earlier today. The two leaders held a joint press conference during which they both indicated the need for cooperation between...
Economy
Greek FinMin Varoufakis from Paris: I Will Meet Schaeuble
The Greek Finance Minister, Υianis Varoufakis met with his French counterpart, Michel Sapin earlier today, while visiting Paris. In a joint press conference given by the two ministers, Mr. Sapin underlined that the two countries share common beliefs, including...
Economy
Portugal and Spain: We Won't Follow Greece in a Possible Rupture With EU
Portugal is not a signatory to a possible Greek request for debt restructuring, clarified earlier today the country’s Prime Minister, Pedro Passos Coelho. Addressing the Portuguese Parliament, Coelho assured that he does not intent to participate in any team...