Greece
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Greek Reforms List

Euclid Tsakalotos: Who Is the Greek Economist that Sidelined Superstar Yanis Varoufakis

Greek Prime Minister Alexis Tsipras' decision to practically replace the head of the negotiating team with its European partners by sidelining controversial Finance Minister Yanis Varoufakis and replacing him with the low profile Alternate Foreign Minister for International Economic Relations Euclid Tsakalotos may...

Italian Economy Minister: No 'Plan B' on Greece

Rumors over a so-called "Plan B" on a solution to Greece's long-standing crisis have been topping international media in recent weeks, although top European officials have rejected the speculation. Today it was Italian Economy Minister Pier Carlo Padoan to add his voice...

German FinMin Spokesman: The Ball Is in Greece's Court

Yet another declaration of its frustration expressed today the German Finance Ministry, regarding the lack of progress Greece has achieved in regards to its economic reforms list. As it was highlighted, Berlin is patient but it is clearly Athens that should...

Eurogroup President to Greece: Time Is Running Out

Today's Eurogroup bore no fruit for Greece and Finance Minister Yanis Varoufakis was reportedly hammered by his peers. A clear image for the negative climate Greece's outspoken Finance Minister encountered is given by Eurogroup President Jeroen Dijsselbloem. The Eurogroup President said the...

ECB President: Greek Banks Can Continue to Rely on Emergency Liquidity Assistance

European Central Bank (ECB) President Mario Draghi gave his assurance today that the Greek banks can continue to rely on emergency liquidity assistance (ELA). "ELA will continue to be given until Greek banks will be solvent and have adequate collateral," Draghi told journalists...

Yanis Varoufakis: Greece Is Now Ready for Big Compromises

Greece's outspoken Finance Minister Yanis Varoufakis, who has reportedly faced a hostile environment in today's Eurogroup in Riga, Latvia, said Athens is now ready to make "big compromises." According to a Bloomberg report, Varoufakis was referred to as a "time-waster, a...

'Grexit' Is Passe, Citigroup Introduces 'Grimbo' to Crisis Lexicon

Forget the monotonous term "Grexit" that has occupied thousands of newspaper pages throughout the years of the crisis, Citigroup Inc. economist Ebrahim Rahbari adds yet another word to the recession's lexicon. It was him that in 2012 coined the term...

No 'Plan B' For Greece, Govt Official Says

Greece and its international creditors have not agreed on a "Plan B" in case the country fails to pay the International Monetary Fund (IMF) on time or default, as there is still no agreement over the disbursement of its bailout funds,...

Pimco: Chances of a Grexit Stand at 30%

The chances of Greece ending up outside the single European currency due to an accident (Graccident) stand at 30% and if it does then that might make Italian and Spanish debt a good buy, according to the world's biggest bond...

German Chancellor Merkel Pushes for Reforms, Greece Has Done Its Part, PM Tsipras Says

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel held a meeting earlier today on the sidelines of the European Union summit on migration policy. According to the first reports emerging from the two leaders' meeting, Merkel pushed Athens to...