Greece
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Greek programme

Former EU Chief Juncker Blames Merkel On Handling of Greek Crisis

Former European Commission chief Jean-Claude Juncker criticized outgoing German Chancellor Angela Merkel’s handling the Greek debt crisis in 2015 on Thursday, saying that her “hesitations” and “reluctance” undermined efforts to deal with the situation. “I think her biggest failure was...

IMF Review Foresees Lower Primary Surplus for Greece in 2017 & 2018

More bad news for the government: In its biannual report on the world economy, the IMF reiterates its view that the Greek economy will have lower primary fiscal surplus than the agreed upon target, for both this and next...

Tzanakopoulos: Elections in Germany not Expected to Affect its Strategy on Greece

The elections in Germany are not expected to bring about changes that will affect the German political system's strategy on Greece, government spokesman Dimitris Tzanakopoulos said on Sunday, in an interview with the Greek radio station 'Athina 9.84'. The strategy...

European Commissioner: Greek Bailout a ‘Scandal’ for Democratic Procedures

The Eurogroup’s handling of Greece’s bailout programme was a scandal in terms of democratic processes, Economic Affairs Commissioner Pierre Moscovici said in an interview with Corriere della Sera. The French economist said that after eight years of crisis and tough...

Tsakalotos: Greece does not Question the Programme's Statistics

The Greek government doesn't question the quality of the statistical data on which the country's adjustment programme is based on, Finance Minister Euclid Tsakalotos was quoted as telling the German newspaper Die Zeit. Tsakalotos was commenting on an article about...

Greek Government Arrears Piling Up

An increase of nearly 70 million euros was recorded in the government's arrears to individuals in June, with debts amounting to 5,134 billion, from 5,067 billion in May. According to State General Accounting Office figures, 3,579 billion account for overdue...

Time to Proceed to the Disbursement of the Next Tranche to Greece, Dombrovskis Says

"It is time to proceed with the disbursement of the next loan tranche to Greece," the European Commission vice president Valdis Dombrovskis said on Thursday. Asked on the implementation of the prior actions, he said that it is satisfactory...

European Commission VP: Greece has Exceeded Its Targets

Greece has exceeded its primary surplus targets so we have a basis for the conclusion of the review of the Greek programme, said European Commission Vice President Valdis Dombrovskis. At a press conference on Wednesday in Brussels, Dombrovskis noted...

Failing to Continue Greek Programme would be 'Irresponsible,' Gabriel Says

Failing to continue the Greek programme would be an "irresponsible action," Germany's Vice Chancellor and Foreign Minister Sigmar Gabriel said in an interview with the Greek newspaper "To Vima" published on Saturday. At the same time, he added, it was...

European Institutions and IMF Working Together as Foreseen in ESM Charter

The European institutions and the International Monetary Fund (IMF) are working within the framework of the agreements and commitments set out in the European Stability Mechanism (ESM) charter, Annika Breidthardt repeated on Monday. The IMF had recently reaffirmed its intention...