Greece
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Greek reforms

Greek Employer Unions Agree to Increased Contributions to Social Security System

Representatives of Greece’s employer unions claimed they are not opposed to a temporary increase in contributions to the country’s social security system, which is set to be reformed. Greek Prime Minister Alexis Tsipras met with the country's four employer unions on Thursday afternoon to discuss...

IMF Returns to Greece on January 18 for Bailout Program Review

The International Monetary Fund (IMF) returns to Athens on January 18, represented by Delia Velculescu heading a ten member staff, in order to review the progress of the implementation of Greece's bailout program. According to Greek media, the Fund officials aim...

IMF Disappointed With Lack of Reform Implementation in Greece

A recent IMF analysis noted that there have been major delays in the implementation of reforms in Greece, due to the election that took place in September, as written by a journalist in the German news magazine Der Spiegel. The...

A Storm of Taxes Set to Hit Greece in the Coming Days

The major changes and increases on the Greek tax system, as they were stated in the country’s third bailout agreement will begin in October, causing a tax storm for Greek citizens. Specifically, the deadline for the second installment payment of...

ESM: 'Greece Must Implement Reforms Before Receiving Any Installments'

Rolf Strauch, a board member of the European Support Mechanism (ESM) spoke about the implementation terms of Greece’s new bailout package in an interview with Austrian newspaper Die Presse. Strauch stressed that reform forces dominate the new Greek parliament, noting...

The 38 'Hot' Measures Required for Greece's Bailout Agreement

The Greek government tabled a new draft bill in parliament that includes several painful measures and reforms, required for Greece's third bailout deal. The government filed the "Draft Agreement for Financial Assistance from the European Stability Mechanism and adjustments for the implementation of...

List of Reforms Greece Needs to Implement as Required by Bailout Agreement

The much-anticipated bailout deal between Greece and creditors is signed and the Greek government has to implement the following reforms in order to receive the 86 billion euros the three-year program will provide: Reforms that should be voted and implemented...

Creditors' Technical Experts Arrive in Greece to Restart Negotiations on Third Bailout

Representatives from the European Central Bank (ECB), the European Commission, the International Monetary Fund (IMF) and the European Stability Mechanism ESM) have arrived in Athens, Greece, in order to restart negotiations regarding the country’s much needed third bailout program. Shortly...

European Commission VP Warns Greece to Meet its Commitments

European Commission Vice President Valdis Dombrovskis warned Greece not to delay the reforms it has pledged to implement, otherwise no funds will be disbursed. "During the last months, trust has been lost and it needs to be restored," Dombrovskis said...

Luxembourg FinMin: 'Greek Debt Haircut Not a Taboo'

Luxembourg Finance Minister Pierre Gramegna noted that the Eurozone governments may consider writing off part of Greece’s debt, but then the country would have to commit to a new reform package. “A haircut is not taboo for Luxembourg in the...